Common use of Other Terminations of Employment Clause in Contracts

Other Terminations of Employment. Subject to any written agreement between the Company and a Participant, if a Participant's employment is terminated for any reason other than for cause or other than due to death or Disability: (a) all non-Vested portions of Awards held by the Participant on the date of the termination of his or her employment shall immediately be forfeited by such Participant as of such date; and (b) all Vested portions of Stock Options and/or SARs held by the Participant on the date of the termination of his or her employment shall remain exercisable until the earlier of (i) the end of the 90-day period following the date of the termination of the Participant's employment or (ii) the date the Stock Option or SAR would otherwise expire.

Appears in 7 contracts

Samples: Incentive Compensation Plan (Cognizant Technology Solutions Corp), 1999 Incentive Compensation Plan (Cognizant Technology Solutions Corp), Incentive Compensation Plan (Cognizant Technology Solutions Corp)

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Other Terminations of Employment. Subject to any written agreement between the Company and a Participant, if a Participant's employment is terminated for any reason other than for cause Cause or other than due to death or Disability: (a) all non-Vested portions of Awards held by the Participant on the date of the termination of his or her employment shall immediately be forfeited by such Participant as of such date; and (b) all Vested portions of Stock Options and/or SARs held by the Participant on the date of the termination of his or her employment shall remain exercisable until the earlier of (i) the end of the 90-day period following the date of the termination of the Participant's employment or (ii) the date the Stock Option or SAR would otherwise expire.

Appears in 1 contract

Samples: Incentive Compensation Plan (Telergy Inc /Ny)

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Other Terminations of Employment. Subject to any written agreement between the Company and a Participant, if a Participant's employment is terminated for any reason other than for cause or other than due to death or Disabilitydisability: (a) all non-Vested portions of Awards held by the Participant on the date of the termination of his or her employment shall immediately be forfeited by such Participant as of such date; and (b) all Vested portions of Stock Options and/or SARs held by the Participant on the date of the termination of his or her employment shall remain exercisable until the earlier of (i) the end of the 90-day period following the date of the termination of the Participant's employment or (ii) the date the Stock Option or SAR would otherwise expire.

Appears in 1 contract

Samples: 1997 Performance and Equity Incentive Plan (Intek Global Corp)

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