Termination for Reasons Other Than Retirement, Death, Disability or Cause. If the Participant’s employment or service is terminated for any reason other than such Participant’s Retirement, death or disability, and other than such Participant’s termination of employment or service for Cause, the unvested portion of the Option shall expire upon such termination of employment or service, and the Participant may exercise the vested portion of the Option, but only within such period of time ending on the earlier of (a) 90 days following such termination of employment or service, or (b) the Expiration Date.
Appears in 3 contracts
Samples: Executive Nonqualified Stock Option Award Agreement (Target Hospitality Corp.), Executive Nonqualified Stock Option Award Agreement (Target Hospitality Corp.), Form of Nonqualified Stock Option Award Agreement (WillScot Corp)
Termination for Reasons Other Than Retirement, Death, Disability or Cause. If the Participant’s employment or service is terminated for any reason other than such Participant’s Retirement, death or disability, and other than such Participant’s termination of employment or service for Cause, the unvested portion of the Option Award shall expire upon such termination of employment or service, and the Participant may exercise the vested portion of the OptionAward, but only within such period of time ending on the earlier of (a) 90 days following such termination of employment or service, or (b) the Expiration Date.
Appears in 1 contract
Samples: Executive Stock Appreciation Rights Award Agreement (Target Hospitality Corp.)
