Common use of Termination for Cause or at a Time when Cause Exists Clause in Contracts

Termination for Cause or at a Time when Cause Exists. Except as otherwise provided in an employment or other agreement between the Optionee and the Company or its affiliates, if the Optionee’s employment or other service is terminated by the Company or an affiliate for Cause, which in the determination of the Committee justifies termination of this Option, or if, at the time of the Optionee’s termination, grounds for a termination for such Cause exist, then this Option (whether or not then exercisable) shall immediately terminate and cease to be exercisable.

Appears in 2 contracts

Samples: Stock Option Agreement (Alexion Pharmaceuticals Inc), Stock Option Agreement (Alexion Pharmaceuticals Inc)

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Termination for Cause or at a Time when Cause Exists. Except as otherwise provided in an employment or other agreement between the Optionee and the Company or its affiliates, if the Optionee’s employment or other service is terminated by the Company or an affiliate for Cause, which in the determination of the Committee justifies termination of this Option, Cause or if, at the time of the Optionee’s termination, grounds for a termination for such Cause exist, then this Option (whether or not then exercisable) shall immediately terminate and cease to be exercisable.

Appears in 1 contract

Samples: Stock Option Agreement (Alexion Pharmaceuticals Inc)

Termination for Cause or at a Time when Cause Exists. Except as otherwise provided in an employment or other agreement between the Optionee and the Company or its affiliates, if the Optionee’s employment or other service is terminated by the Company or an affiliate for Cause, which in the determination of the Committee justifies termination of this Option, Cause or if, at the time of the Optionee’s termination, grounds for a termination for such Cause exist, then this Option (whether or not then exercisable) shall immediately terminate and cease to be exercisable.

Appears in 1 contract

Samples: Stock Option Agreement (Alexion Pharmaceuticals Inc)

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Termination for Cause or at a Time when Cause Exists. Except as otherwise provided in an employment or other agreement between the Optionee and the Company or its affiliatessubsidiaries, if the Optionee’s employment or other service Employment is terminated by the Company or an affiliate a subsidiary for Cause, which in the determination of the Committee justifies termination of this Option, or if, at the time of the Optionee’s termination, grounds for a termination for such Cause exist, then this Option (whether or not then exercisable) shall immediately terminate and cease to be exercisable.

Appears in 1 contract

Samples: Global Stock Option Agreement (Alexion Pharmaceuticals Inc)

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