Common use of Termination by the Participant for Any Reason OR Without Good Reason Clause in Contracts

Termination by the Participant for Any Reason OR Without Good Reason. In the event of the Participant’s Termination by the Participant for any reason OR without Good Reason (other than a voluntary Termination described in Section 4(d) hereof), the vested portion of the SAR shall remain exercisable until the earlier of (i) ninety (90) days from the date of such Termination, and (ii) the expiration of the stated term of the SAR pursuant to Section 3(d) hereof.

Appears in 4 contracts

Samples: Stock Appreciation Rights Agreement (Masonite International Corp), Stock Appreciation Rights Agreement (Masonite International Corp), Stock Appreciation Rights Agreement (Masonite International Corp)

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