Termination by the Company for Cause; Restricted Activity. If the Participant’s provision of Services is terminated by the Company or the JV 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 which may be entered into with any member of the Company Group from time to time (a “Restrictive Covenant Violation”), the SAR Award shall immediately terminate in full and cease to be exercisable. Notwithstanding the foregoing, if the date the SAR Award 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: Replacement Vested Stock Appreciation Rights Agreement (PF2 SpinCo, Inc.), Replacement Vested Stock Appreciation Rights Agreement (Change Healthcare Inc.), Replacement Vested Stock Appreciation Rights Agreement (Change Healthcare Inc.)
Termination by the Company for Cause; Restricted Activity. If the Participant’s provision of Services is terminated by the Company or the JV 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 which may be entered into with any member of the Company Group from time to time (a “Restrictive Covenant Violation”), the Vested Portion of the SAR Award shall immediately terminate in full and cease to be exercisable. Notwithstanding the foregoing, if the date the SAR Award 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: Replacement Unvested Stock Appreciation Rights Agreement (Change Healthcare Inc.), Replacement Unvested Stock Appreciation Rights Agreement (Change Healthcare Inc.), Replacement Unvested Stock Appreciation Rights Agreement (Change Healthcare Inc.)
