Termination for Reason Other than under Subsection. 5(a), (b), (c) or Section 6. (i) Options Granted Within Nine (9) Months of Termination. Any Option granted less than nine (9) months prior to a Termination for any reason other than those set forth in subsections 5(a), (b), (c) or Section 6 shall be cancelled and forfeited immediately upon such Termination. (ii) Options Granted Nine (9) Months or More Prior to Termination. Subject to Section 7 below, an Option granted nine (9) months or more prior to a Termination for any reason other than those set forth in subsections 5(a), (b), (c) or Section 6, will continue to vest and shall be exercisable to the extent permitted by Section 3 for a three-month period after the Employee’s effective date of Termination, but in no event shall such Option be exercised on or after the Expiration Date. In the event of the death of the Employee during the three-month period after the Employee’s effective date of Termination, the Option shall continue to vest and be exercisable for a three-month period measured from the date of death, but in no event shall such Option be exercised on or after the Expiration Date.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Abbott Laboratories)
Termination for Reason Other than under Subsection. 5(a), (b), (c) or Section 6.
(i) Options Granted Within Nine (9) Months of Termination. Any Option granted less than nine (9) months prior to a Termination for any reason other than for those set forth in subsections 5(a), (b), (c) or Section 6 shall be cancelled and forfeited immediately upon such Termination.
(ii) Options Granted Nine (9) Months or More Prior to Termination. Subject to Section 7 below, an Option granted nine (9) months or more prior to a Termination for any reason other than those set forth in subsections 5(a), (b), (c) or Section 6, will continue to vest and shall be exercisable to the extent permitted by Section 3 for a three-month period after the Employee’s effective date of Termination, but in no event shall such Option be exercised on or after the Expiration Date. In the event of the death of the Employee during the three-month period after the Employee’s effective date of Termination, the Option shall continue to vest and be exercisable for a three-month period measured from the date of death, but in no event shall such Option be exercised on or after the Expiration Date.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Abbott Laboratories)
Termination for Reason Other than under Subsection. 5(a), (b), (c) or Section 6.
(i) Options Granted Within Nine (9) Months of Termination. Any Option granted less than nine (9) months prior to a Termination for any reason other than for those set forth in subsections 5(a), (b), (c) or Section 6 shall be cancelled and forfeited immediately upon such Termination.
(ii) Options Granted Nine (9) Months or More Prior to Termination. Subject to Section 7 below, an Option granted nine (9) months or more prior to a Termination for any reason other than those set forth in subsections 5(a), (b), (c) or Section 6, will continue to vest and shall be exercisable to the extent permitted by Section 3 for a three-month period after the Employee’s effective date of Termination, but in no event shall such Option be exercised on or after the Expiration Date. In the event of the death of the Employee during the three-month period after the Employee’s effective date of Termination, the Option shall continue to vest and be exercisable for a three-month period measured from the date of death, but in no event shall such Option be exercised on or after the Expiration Date.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Abbott Laboratories)
Termination for Reason Other than under Subsection. 5(a), (b), (c) or Section 66 .
(i) Options Granted Within Nine (9) Months of Termination. Any Option granted less than nine (9) months prior to a Termination for any reason other than those set forth in subsections 5(a), (b), (c) or Section 6 shall be cancelled and forfeited immediately upon such Termination.
(ii) Options Granted Nine (9) Months or More Prior to Termination. Subject to Section 7 below, an Option granted nine (9) months or more prior to a Termination for any reason other than those set forth in subsections 5(a), (b5(a),(b), (c) or Section 6, will continue to vest and shall be exercisable to the extent permitted by Section 3 for a three-month period after the Employee’s effective date of Termination, but in no event shall such Option be exercised on or after the Expiration Date. In the event of the death of the Employee during the three-month period after the Employee’s effective date of Termination, the Option shall continue to vest and be exercisable for a three-month period measured from the date of death, but in no event shall such Option be exercised on or after the Expiration Date.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Abbott Laboratories)