Other Separation from Employment. (a) If you incur a Separation from Service for any reason other than death or Retirement, or as provided in Section 16 (o) of the Plan, the exercisable portion of the right hereby granted will be exercisable for thirty days following your Separation from Service; provided that in no event will the right be exercisable after the expiration of 6 years from the Grant Date. (b) For the purposes of the letter agreement, your employment by a Subsidiary of the Company shall be considered terminated on the date that the company by which you are employed is no longer a Subsidiary of the Company.
Appears in 2 contracts
Samples: Freestanding Stock Appreciation Right Agreement (Ormat Technologies, Inc.), Employment Agreement (Ormat Technologies, Inc.)
Other Separation from Employment. (a) If you incur a Separation from Service for any reason other than death or Retirement, or as provided in Section 16 (o) of the Plan, the exercisable portion of the right hereby granted will be exercisable for thirty days following your Separation from Service; provided that in no event will the right be exercisable after the expiration of 6 years from the Grant Datedate of grant.
(b) For the purposes of the letter agreement, your employment by a Subsidiary of the Company shall be considered terminated on the date that the company by which you are employed is no longer a Subsidiary of the Company.
Appears in 2 contracts
Samples: Freestanding Stock Appreciation Right Agreement (Ormat Technologies, Inc.), Freestanding Stock Appreciation Right Agreement (Ormat Technologies, Inc.)
Other Separation from Employment. (a) If you incur a Separation from Service for any reason other than death or Retirement, or as provided in Section 16 (o) of the Plan, the exercisable portion of the right hereby granted will be exercisable for thirty days following your Separation from Service; provided that in no event will the right be exercisable after the expiration of 6 years from the Grant Datedate of grant.
(b) For the purposes of the letter agreement, your employment by a Subsidiary of the Company shall be considered terminated on the date that the company by which you are employed is no longer a Subsidiary of the Company.
Appears in 1 contract
Samples: Freestanding Stock Appreciation Right Agreement (Ormat Technologies, Inc.)
Other Separation from Employment. (a) If you incur a Separation from Service for any reason other than death or Retirement, or as provided in Section 16 (o) of the Plan, the exercisable portion of the right hereby granted will be exercisable for thirty days following your Separation from Service; provided that in no event will the right be exercisable after the expiration of 6 _____ years from the Grant Datedate of grant.
(b) For the purposes of the letter agreement, your employment by a Subsidiary of the Company shall be considered terminated on the date that the company by which you are employed is no longer a Subsidiary of the Company.
Appears in 1 contract
Samples: Freestanding Stock Appreciation Right Agreement (Ormat Technologies, Inc.)