Common use of Other Involuntary Termination or Voluntary Termination Clause in Contracts

Other Involuntary Termination or Voluntary Termination. If Optionee's employment is terminated involuntarily other than for gross misconduct or if Optionee voluntarily terminates employment, then immediately (i) the Option shall terminate as to Shares subject thereto to the extent not yet then vested pursuant to Paragraph 4 or pursuant to Paragraph 6(c) below, and (ii) the Option shall terminate as to all remaining Shares subject thereto to the extent not exercised pursuant to Paragraph 5 within 30 days after such termination of employment.

Appears in 4 contracts

Samples: Option Agreement (Continental Airlines Inc /De/), Option Agreement (Continental Airlines Inc /De/), Stock Option Agreement (Continental Airlines Inc /De/)

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Other Involuntary Termination or Voluntary Termination. If Optionee's ’s employment is terminated involuntarily other than for gross misconduct or if Optionee voluntarily terminates employment, then immediately (i) the Option shall terminate as to Shares subject thereto to the extent not yet then vested pursuant to Paragraph 4 or pursuant to Paragraph 6(c) below, and (ii) the Option shall terminate as to all remaining Shares subject thereto to the extent not exercised pursuant to Paragraph 5 within 30 days after such termination of employmentemployment or the end of the Option Period, whichever is shorter.

Appears in 2 contracts

Samples: Employee Stock Option Agreement (United Continental Holdings, Inc.), Stock Option Agreement (United Continental Holdings, Inc.)

Other Involuntary Termination or Voluntary Termination. If Optionee's employment is terminated involuntarily other than for gross misconduct or if Optionee voluntarily terminates employment, then immediately (i) the Option shall terminate as to Shares subject thereto to the extent not yet then vested pursuant to Paragraph 4 or pursuant to Paragraph 6(c) below, and (ii) the Option shall terminate as to all remaining Shares subject thereto to the extent not exercised pursuant to Paragraph 5 within 30 days after such termination of employment.

Appears in 2 contracts

Samples: Stock Option Agreement (Expressjet Holdings Inc), Stock Option Agreement (Expressjet Holdings Inc)

Other Involuntary Termination or Voluntary Termination. If Optionee's employment is terminated involuntarily other than for gross misconduct or if Optionee voluntarily terminates employment, then immediately (i) the Option shall terminate as to Shares subject thereto to the extent not yet then vested pursuant to Paragraph 4 5 or pursuant to Paragraph 6(c7(c) below, and (ii) the Option shall terminate as to all remaining Shares subject thereto to the extent not exercised pursuant to Paragraph 5 6 within 30 days after such termination of employment.

Appears in 1 contract

Samples: Stock Option Agreement (Expressjet Holdings Inc)

Other Involuntary Termination or Voluntary Termination. If OptioneeParticipant's employment is terminated involuntarily other than for gross misconduct or if Optionee Participant voluntarily terminates employment, then immediately (i) the Option shall terminate as to Shares subject thereto to the extent not yet then vested pursuant to Paragraph 4 or pursuant to Paragraph 6(c) below, and (ii) the Option shall terminate as to all remaining Shares subject thereto to the extent not exercised pursuant to Paragraph 5 within 30 days after such termination of employment.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Expressjet Holdings Inc)

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Other Involuntary Termination or Voluntary Termination. If Optionee's employment is terminated involuntarily other than for gross misconduct or if Optionee voluntarily terminates employment, then immediately (i) the Option shall terminate as to Shares subject thereto to the extent not yet then vested pursuant to Paragraph 4 or pursuant to Paragraph 6(c) below, and (ii) the Option shall terminate as to all remaining Shares subject thereto to the extent not exercised pursuant to Paragraph 5 within 30 days after such termination of employment.to

Appears in 1 contract

Samples: Option Agreement (Continental Airlines Inc /De/)

Other Involuntary Termination or Voluntary Termination. If Optionee's Participant’s employment is terminated involuntarily other than for gross misconduct or if Optionee Participant voluntarily terminates employment, then immediately (i) the Option shall terminate as to Shares subject thereto to the extent not yet then vested pursuant to Paragraph 4 or pursuant to Paragraph 6(c) below, and (ii) the Option shall terminate as to all remaining Shares subject thereto to the extent not exercised pursuant to Paragraph 5 within 30 days after such termination of employment.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Expressjet Holdings Inc)

Other Involuntary Termination or Voluntary Termination. If Optionee's ’s employment is terminated involuntarily other than for gross misconduct or if Optionee voluntarily terminates employment, then immediately (i) the Option shall terminate as to Shares subject thereto to the extent not yet then vested pursuant to Paragraph 4 or pursuant to Paragraph 6(c) below, and (ii) the Option shall terminate as to all remaining Shares subject thereto to the extent not exercised pursuant to Paragraph 5 within 30 days after such termination of employment.

Appears in 1 contract

Samples: Stock Option Agreement (United Continental Holdings, Inc.)

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