Common use of Termination for Breach of Obligation Clause in Contracts

Termination for Breach of Obligation. Notwithstanding the right of Optionee to continued vesting upon Special Retirement under Section 4.3 above, the Company shall have the right to terminate this Option prior to the Vesting Date if Optionee breaches his or her contractual or legal obligations to the Company or an Affiliate (“Breach of Obligation”).

Appears in 4 contracts

Samples: Nonstatutory Stock Option Agreement, Nonstatutory Stock Option Agreement (Leidos, Inc.), Nonstatutory Stock Option Agreement (SAIC, Inc.)

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