Period of Time to Exercise. If you cease to be an employee on account of your voluntary resignation or your employment being involuntarily terminated by the Company other than for a reason constituting Termination for Cause, those Options which were vested and exercisable as of your Termination Date may be exercised at any time before 3:00 P.M., U.S. Central Time, on the 90th calendar day following your Termination Date. If such 90th day is a Non-Business Day, then the Options will remain exercisable until the first Business Day immediately following the 90th day. All Options which were not otherwise vested and exercisable as of your Termination Date will be forfeited.
Appears in 2 contracts
Samples: Award Agreement (Embarq CORP), Form of Award Agreement (Embarq CORP)
Period of Time to Exercise. If you cease to be an employee Employee on account of your voluntary resignation Voluntary Resignation or your employment being involuntarily terminated an Involuntary Termination by the Company other than for a reason constituting Termination for CauseCompany, those Options which were vested and exercisable as of your Termination Date may be exercised at any time before 3:00 P.M., U.S. Central Time, on the 90th calendar day following your Termination Date. If such 90th day is a Non-Business Day, then the Options will remain exercisable until the first Business Day immediately following the 90th day. All the Options which were not otherwise vested and exercisable as of your Termination Date will be forfeited.
Appears in 1 contract
Period of Time to Exercise. If you cease to be an employee on account of your voluntary resignation or your employment being involuntarily terminated by the Company other than for a reason constituting Termination for Cause, those Options which were vested and exercisable as of your Termination Date may be exercised at any time before 3:00 P.M., U.S. Central Time, on the 90th calendar day following your Termination Date. If such 90th day is not a Non-Business Day, then the Options will shall remain exercisable until the first Business Day immediately following the such 90th day. All Options which were not otherwise vested and exercisable as of your Termination Date will be forfeited.
Appears in 1 contract
Samples: Award Agreement (Embarq CORP)