Common use of Termination by the Company for Cause; Restricted Activity Clause in Contracts

Termination by the Company for Cause; Restricted Activity. If the Participant’s Employment is terminated by the Company for Cause or the Participant violates any provision of Section 5 of this Agreement, or any non-competition, non-solicitation, confidentiality, non-disparagement or other similar agreement between the Participant and the Company or any of its Affiliates (a “Restrictive Covenant Violation”), the Vested Portion of an Option shall immediately terminate in full and cease to be exercisable. Notwithstanding the foregoing, if the date an Option would otherwise terminate or expire occurs during a period when trading in the Shares is prohibited by the Company’s xxxxxxx xxxxxxx policy (or a Company-imposed “blackout period”), then the Expiration Date or termination date shall be automatically be extended until the thirtieth (30th) day following the expiration of such prohibition.

Appears in 15 contracts

Samples: Nonqualified Stock Option Agreement (Change Healthcare Inc.), Nonqualified Stock Option Agreement (PF2 SpinCo, Inc.), Nonqualified Stock Option Agreement (Change Healthcare Inc.)

AutoNDA by SimpleDocs

Termination by the Company for Cause; Restricted Activity. If the Participant’s Employment is terminated by the Company Company, the JV, or, if applicable, eRx, for Cause or the Participant violates any provision of Section 5 4 of this Agreement, or any non-competition, non-solicitation, confidentiality, non-disparagement or other similar agreement between the Participant and the Company or any of its Affiliates (a “Restrictive Covenant Violation”), the Vested Portion of an Company Option shall immediately terminate in full and cease to be exercisable. Notwithstanding the foregoing, if the date an a Company Option would otherwise terminate or expire occurs during a period when trading in the Shares is prohibited by the Company’s xxxxxxx xxxxxxx policy (or a Company-imposed “blackout period”), then the Expiration Date or termination date shall be automatically be extended until the thirtieth (30th) day following the expiration of such prohibition.

Appears in 9 contracts

Samples: Replacement Tranche Iii Nonqualified Stock Option Agreement (Change Healthcare Inc.), Replacement Tranche Ii Nonqualified Stock Option Agreement (PF2 SpinCo, Inc.), Replacement Tranche I Nonqualified Stock Option Agreement (Change Healthcare Inc.)

AutoNDA by SimpleDocs

Termination by the Company for Cause; Restricted Activity. If the Participant’s Employment is terminated by the Company for Cause or the Participant violates any provision of Section 5 of this Agreement, or any non-competition, non-solicitation, confidentiality, non-disparagement or other similar agreement between the Participant and the Company or any of its Affiliates (a “Restrictive Covenant Violation”), the Vested Portion of an Option shall immediately terminate in full and cease to be exercisable. Notwithstanding the foregoing, if the date an Option would otherwise terminate or expire occurs during a period when trading in the Shares is prohibited by the Company’s xxxxxxx xxxxxxx policy (or a Company-imposed “blackout period”), then the Expiration Date or termination date shall be automatically be extended until the thirtieth (30th) day following the expiration of such prohibition.

Appears in 3 contracts

Samples: Nonqualified Stock Option Agreement (PF2 SpinCo, Inc.), Nonqualified Stock Option Agreement (Change Healthcare Inc.), Nonqualified Stock Option Agreement (Change Healthcare Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!