Common use of Other Termination at Age 61 or Younger Clause in Contracts

Other Termination at Age 61 or Younger. If the Employee's status as an employee of the Company or any of its subsidiaries is terminated at age 61 or younger for no reason, or for any reason other than Cause, death, Disability, permanent or temporary lay off, or approved leave of absence, then (1) the portion of the Option that has not vested on or prior to the Employment Termination Date shall terminate on such date and (2) the remaining vested portion of the Option shall terminate upon the earlier of the Expiration Date or three months after the Employment Termination Date.

Appears in 1 contract

Samples: Stock Option Award Agreement (Computer Sciences Corp)

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Other Termination at Age 61 or Younger. If the Employee's status as an a full-time employee of the Company or any of its subsidiaries is terminated at age 61 or younger for no reason, or for any reason other than Cause, death, Permanent Disability, permanent or temporary lay lay-off, or approved leave of absence, then (1A) the portion of the Option that has not vested on or prior to the Employment Termination Date shall terminate on such date and (2B) the remaining vested portion of the Option shall terminate upon the earlier of the Expiration Date or three months after the Employment Termination Date.

Appears in 1 contract

Samples: Stock Option Agreement (Computer Sciences Corp)

Other Termination at Age 61 or Younger. If the Employee's ’s status as an employee of the Company or any of its subsidiaries is terminated at age 61 or younger for no reason, or for any reason other than Cause, death, Disability, permanent or temporary lay off, or approved leave of absence, then (1) the portion of the Option that has not vested on or prior to the Employment Termination Date shall terminate on such date and (2) the remaining vested portion of the Option shall terminate upon the earlier of the Expiration Date or three months after the Employment Termination Date.

Appears in 1 contract

Samples: Stock Option Award Agreement (DXC Technology Co)

Other Termination at Age 61 or Younger. If the Employee's ’s status as an employee of the Company or any of its subsidiaries Subsidiaries is terminated at age 61 or younger for no reason, or for any reason other than Cause, death, Disability, permanent or temporary lay off, or approved leave of absence, then (1) the portion of the Option that has not vested on or prior to the Employment Termination Date shall terminate on such date and (2) the remaining vested portion of the Option shall terminate upon the earlier of the Expiration Date or three months after the Employment Termination Date.

Appears in 1 contract

Samples: Stock Option Award Agreement (Perspecta Inc.)

Other Termination at Age 61 or Younger. If the Employee's status as an a full-time employee of the Company or any of its subsidiaries is terminated at age 61 or younger for no reason, or for any reason (including Cause) other than Cause, death, Permanent Disability, permanent or temporary lay lay-off, or approved leave Approved Leave of absenceAbsence, then (1A) the portion of the Option that has not vested on or prior to the Employment Termination Date shall terminate on such date and (2B) the remaining vested portion of the Option shall terminate upon the earlier of the Expiration Date or three months after the Employment Termination Date.

Appears in 1 contract

Samples: Stock Option Agreement (Computer Sciences Corp)

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Other Termination at Age 61 or Younger. If the Employee's ’s status as an a full-time employee of the Company or any of its subsidiaries is terminated at age 61 or younger for no reason, or for any reason (including Cause) other than Cause, death, Disability, permanent or temporary lay lay-off, or approved leave Approved Leave of absenceAbsence, then (1A) the portion of the Option that has not vested on or prior to the Employment Termination Date shall terminate on such date and (2B) the remaining vested portion of the Option shall terminate upon the earlier of the Expiration Date or three months after the Employment Termination Date.

Appears in 1 contract

Samples: Stock Option Agreement (Computer Sciences Corp)

Other Termination at Age 61 or Younger. If the Employee's status as an employee of the Company or any of its subsidiaries is terminated at age 61 or younger for no reason, or for any reason other than Cause, death, Disability, permanent or temporary lay off, or approved leave of absence, then (1) the portion of the Option that has not vested on or prior to the Employment Termination Date shall terminate on such date and (2) the remaining vested portion of the Option shall terminate upon the earlier of the Expiration Date or three months after the Employment Termination Date.

Appears in 1 contract

Samples: Stock Option Award Agreement (CSRA Inc.)

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