Common use of Termination of Employment for Any Other Reason Clause in Contracts

Termination of Employment for Any Other Reason. Unless otherwise provided in an individual agreement with the Participant, upon the Participant’s termination of employment with the Company and all Affiliates thereof for any reason other than the reasons enumerated in subsections (a) or (b) above, the portion of the Option that is exercisable as of the date of such termination of employment shall remain exercisable for a period of ninety (90) days (and shall terminate thereafter). All additional portions of the Option which are not exercisable as of the date of such termination of employment shall terminate upon the date of such termination of employment.

Appears in 1 contract

Samples: Option Agreement (Patheon N.V.)

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Termination of Employment for Any Other Reason. Unless otherwise provided in an individual agreement with the Participant, upon the Participant’s 's termination of employment with the Company and all Affiliates thereof for any reason other than the reasons enumerated in subsections (a) or (b) above, the portion of the Option that is exercisable as of the date of such termination of employment shall remain exercisable for a period of ninety (90) days (and shall terminate thereafter). All additional portions of the Option which are not exercisable as of the date of such termination of employment shall terminate upon the date of such termination of employment.

Appears in 1 contract

Samples: Option Agreement (Thermo Fisher Scientific Inc.)

Termination of Employment for Any Other Reason. Unless otherwise provided in an individual agreement with Upon the Participant, upon the Participant’s 's termination of employment with the Company and all Affiliates thereof for any reason other than the reasons enumerated in subsections (a) or (b) above, the portion of the Option that is exercisable as of the date of such termination of employment shall remain exercisable for a period of ninety (90) days (and shall terminate thereafter). All Subject to Section 4(b), all additional portions of the Option which are not exercisable as of the date of such termination of employment shall terminate upon the date of such termination of employment.

Appears in 1 contract

Samples: Option Award Agreement (Thermo Fisher Scientific Inc.)

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Termination of Employment for Any Other Reason. Unless otherwise provided in an individual agreement with the Participant, upon Upon the Participant’s termination of employment with the Company and all Affiliates thereof for any reason other than the reasons enumerated in subsections (a) or (b) above, the portion of the Option that is exercisable as of the date of such termination of employment shall remain exercisable for a period of ninety (90) days (and shall terminate thereafter). All Subject to Section 4(b), all additional portions of the Option which are not exercisable as of the date of such termination of employment shall terminate upon the date of such termination of employment.

Appears in 1 contract

Samples: Option Agreement (Patheon N.V.)

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