Common use of Rights in the Event of Termination of Service Clause in Contracts

Rights in the Event of Termination of Service. If your service with the Company and its Affiliates is terminated for any reason other than death, retirement, Disability or for Cause as defined below, the Option, to the extent vested on the date of your termination, will remain exercisable for six months from the date of such termination (but may not be exercised later than the last day of the original Option Term).

Appears in 4 contracts

Samples: Nonqualified Stock Option Agreement (WPX Energy, Inc.), The Williams Companies (Williams Companies Inc), Plan Nonqualified Stock Option Agreement (Williams Companies Inc)

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Rights in the Event of Termination of Service. If your service with the Company and its Affiliates is terminated for any reason other than death, retirement, Disability or termination for Cause cause as defined below, the Option, to the extent vested on the date of your termination, will remain exercisable for six months from the date of such termination (but may not be exercised later than the last day of the original Option Term).

Appears in 2 contracts

Samples: Incentive Plan Stock Option Agreement (Williams Companies Inc), Plan Stock Option Agreement (Williams Companies Inc)

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