Other Termination of Employment or Service. If the Optionee’s employment by or service with the Employers and Affiliates terminates for any reason other than Disability, Special Retirement, Retirement, resignation of employment or service with the prior consent of the Board (as evidenced in the Company’s minute book) or death, then the Option shall be exercisable only to the extent it is exercisable on the effective date of the Optionee’s termination of employment or service and after such date may be exercised by the Optionee (or the Optionee’s Legal Representative) for a period of 30 days after the effective date of the Optionee’s termination of employment or service, or until the Expiration Date, whichever period is shorter. If the Optionee shall die within such exercise period, then the Option shall be exercisable by the beneficiary or beneficiaries duly designated by the Optionee to the same extent the Option was exercisable by the Optionee on the date of the Optionee’s death, for a period ending on the 180 day anniversary of the Optionee’s death. Notwithstanding the first sentence of this subsection (g), if the Optionee ceases to be employed by or to perform services for the Employers and Affiliates on account of the Optionee’s negligence, willful misconduct, competition with an Employer or other Affiliate or misappropriation of confidential information of an Employer or other Affiliate, then the Option shall terminate on the date the Optionee’s employment or service terminates, unless such Option terminates earlier pursuant to Section 1.2.
Other Termination of Employment or Service. If the Employee’s employment by or service to the Employers and Affiliates terminates prior to <<6 MONTH ANNIVERSARY OF GRANT DATE>> for any reason other than Disability or death, the Award shall be forfeited and shall be canceled by the Company.
Other Termination of Employment or Service. Except as set forth in Section 4(a) above, in the event of a termination of your employment or service for any reason, you shall not be entitled to receive any additional compensation or benefits under this Agreement or otherwise.
Other Termination of Employment or Service. (i) If, prior to the final Vesting Date, the Grantee’s employment or service with the Company and its Affiliates terminates for any reason other than as set forth in Sections 5(a) or (b) above (including any termination of employment by the Grantee without Good Reason or the Grantee’s resignation from service as a member of the Board for any reason), the unvested portion of the Option shall be cancelled immediately and the Grantee shall immediately forfeit any rights to the Option Shares subject to such unvested portion.
(ii) If, prior to the end of the Option Period, the Grantee’s employment or service with the Company and its Affiliates terminates for any reason other than as set forth in Sections 5(a) or (b) above (including any termination of employment by the Grantee without Good Reason or the Grantee’s resignation from service as a member of the Board for any reason), the vested portion of the Option shall expire on the earlier of the last day of the Option Period or the 30th day following the date of such termination. In the event of a termination described in this subsection (c), the vested portion of the Option shall remain exercisable by the Grantee until its expiration only to the extent the Option was exercisable at the time of such termination.
Other Termination of Employment or Service. (a) Subject to Section 5(b), if your employment or other service with the Company or a subsidiary terminates otherwise than by reason of your death or disability, the option shall terminate and cease to be exercisable three months after termination, except in the case of termination by the Company for cause (as defined in the Plan), in which case, subject to Section 9, the option shall be forfeited and no longer exercisable.
(b) Section 2 to the contrary notwithstanding but subject to Section 9, if the Compensation Committee of the Company’s Board of Directors (the “Committee”) determines that you violated a non-competition agreement with the Company in any material respect, the option shall be forfeited at the time the Committee’s determination is made and no shares shall be issued thereafter.
(c) For the purposes of this 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
Other Termination of Employment or Service. Except as otherwise provided in Section 6(a) or 6(b), in the event of the termination of the Participant’s employment or other service relationship with the Company or an Affiliate for any reason, any Restricted Shares for which the restrictions have not yet lapsed as of the date of termination (and all rights arising from such Restricted Shares and from being a holder thereof) will terminate automatically as of the date of termination without any further action by the Company and will be forfeited without further notice and at no cost to the Company.
Other Termination of Employment or Service. Subject to Section 5(b), if your employment or other service with the Company or a subsidiary terminates otherwise than by reason of your death or disability, the option shall terminate and cease to be exercisable three months after termination, except in the case of termination by the Company for cause (as defined in the Plan), in which case, subject to Section 9, the option shall be forfeited and no longer exercisable. • Section 2 to the contrary notwithstanding but subject to Section 9, if the Compensation Committee of the Company’s Board of Directors (the “Committee”) determines that you violated a non-competition agreement with the Company in any material respect, the option shall be forfeited at the time the Committee’s determination is made and no shares shall be issued thereafter.
Other Termination of Employment or Service. Notwithstanding any other provision herein, if the Employee’s employment by or service to the Employers and Affiliates terminates prior to December 15, <<SECOND CALENDAR YEAR COMMENCING AFTER GRANT DATE>> for any reason other than Disability, death or retirement at or after attainment of age 66 (including without limitation, on account of the Employee’s negligence or willful misconduct, as determined by the Company in its sole discretion), the Award shall be forfeited and shall be canceled by the Company.
Other Termination of Employment or Service. Unless otherwise determined by the Committee, in the event that the Participant’s employment or service with the Company or any Subsidiary terminates for any reason other than (i) a Special Termination or (ii) for Cause, then any Options held by the Participant that are exercisable at the date of the Participant’s termination of employment or service shall be exercisable at any time up until the 60th day following the Participant’s termination of employment or service or the Normal Expiration Date of the Options, whichever period is shorter (unless earlier terminated pursuant to Section 5). Any Options held by the Participant that are not then exercisable shall terminate and be cancelled immediately upon such termination of employment or service.
Other Termination of Employment or Service. Immediately after termination of Participant’s employment or service with Noble and its Affiliates, all Performance Shares and Dividend Equivalent Cash Rights that have not vested pursuant to the foregoing provisions of this Agreement will be forfeited, and neither Participant nor any of his or her heirs, beneficiaries, executors, administrators or other personal representatives will have any rights whatsoever in and to any of the forfeited Performance Shares or Dividend Equivalent Cash Rights.
