Common use of Other Termination of Employment or Service Clause in Contracts

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.

Appears in 4 contracts

Samples: Stock Option Award Agreement (United States Cellular Corp), Stock Option Award Agreement (United States Cellular Corp), Stock Option Award Agreement (United States Cellular Corp)

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Other Termination of Employment or Service. If the Optionee’s employment Optionee ceases to be employed by or of service with to 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 board of directors of the Optionee’s Employer (as evidenced in the CompanyEmployer’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 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, 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 only to the extent it is exercisable on the date of death and may be exercised 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 any provision in this Award Agreement to the first sentence of this subsection (g)contrary, if the Optionee ceases to be employed by or of service 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 with the Employers and Affiliates terminates, unless such Option terminates earlier pursuant to Section 1.2.

Appears in 2 contracts

Samples: Stock Option Award Agreement (Telephone & Data Systems Inc /De/), Stock Option Award Agreement (Telephone & Data Systems Inc /De/)

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 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.

Appears in 2 contracts

Samples: Stock Option Award Agreement (United States Cellular Corp), Stock Option Award Agreement (United States Cellular Corp)

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.. 2005 LTI Plan / 2010 Officer Stock Option Award Agreement

Appears in 1 contract

Samples: Stock Option Award Agreement (United States Cellular Corp)

Other Termination of Employment or Service. If the Optionee’s '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 '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 's termination of employment or service and after such date may be exercised by the Optionee (or the Optionee’s 's Legal Representative) for a period of 30 days after the effective date of the Optionee’s 's termination of employment or service, or until the Expiration Date, whichever period is shorter. If the Optionee shall die within such original exercise period, then the Option shall be exercisable by the beneficiary or beneficiaries duly designated by the Optionee Optionee, to the same extent the Option was exercisable by the Optionee on the date of the Optionee’s 's death, for a period ending on of 120 days after the 180 day anniversary date of death or until the Optionee’s deathExpiration Date, whichever period is shorter. Notwithstanding the first sentence of this subsection (g), if the Optionee ceases to be employed by or of service to perform services for the Employers and Affiliates on account of the Optionee’s '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 's employment or service terminates, unless such Option terminates earlier pursuant to Section 1.2.

Appears in 1 contract

Samples: Stock Option Award Agreement (United States Cellular Corp)

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 Retirementtermination on or prior to June 1, Retirement2012 without Cause or for Good Reason (as such terms are defined in the Letter Agreement), 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 (gf), 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.

Appears in 1 contract

Samples: Stock Option Award Agreement (United States Cellular Corp)

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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 original exercise period, then the Option shall be exercisable by the beneficiary or beneficiaries duly designated by the Optionee 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 of 120 days after the 180 day anniversary date of death or until the Optionee’s deathExpiration Date, whichever period is shorter. Notwithstanding the first sentence of this subsection (g), if the Optionee ceases to be employed by or of service 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.

Appears in 1 contract

Samples: 2005 Stock Option Award Agreement (United States Cellular Corp)

Other Termination of Employment or Service. If the Optionee’s '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 '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 's termination of employment or service and after such date may be exercised by the Optionee (or the Optionee’s 's Legal Representative) for a period of 30 days after the effective date of the Optionee’s '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 's death, for a period ending on of 120 days after the 180 day anniversary date of death or until the Optionee’s deathExpiration Date, whichever period is shorter. 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 '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 's employment or service terminates, unless such Option terminates earlier pursuant to Section 1.2.

Appears in 1 contract

Samples: Stock Option Award Agreement (United States Cellular Corp)

Other Termination of Employment or Service. If the Optionee’s '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 '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 's termination of employment or service and after such date may be exercised by the Optionee (or the Optionee’s 's Legal Representative) for a period of 30 days after the effective date of the Optionee’s '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 Optionee, to the same extent the Option was exercisable by the Optionee on the date of the Optionee’s 's death, for a period ending on of 120 days after the 180 day anniversary date of death or until the Optionee’s deathExpiration Date, whichever period is shorter. 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 '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 's employment or service terminates, unless such Option terminates earlier pursuant to Section 1.2.

Appears in 1 contract

Samples: Stock Option Award Agreement (United States Cellular Corp)

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