Post-Termination Exercise. The Grantee (or the Grantee’s guardian, legal representative, executor, personal representative or the person to whom the Option shall have been transferred by will or the laws of descent and distribution, as the case may be) may exercise all or any part of the vested portion of the Option during such post termination of employment period, but not later than the end of the term of the Option. Any portion of the Option which is unvested as of the date of termination of service shall immediately terminate.
Appears in 10 contracts
Samples: Performance Based Option Grant Agreement (Under Armour, Inc.), Option Grant Agreement (Under Armour, Inc.), Time Based Option Grant Agreement (Under Armour, Inc.)
