Common use of Termination of Employment for Cause Clause in Contracts

Termination of Employment for Cause. If the Optionee’s employment is terminated by the Company for Cause, the outstanding Option shall expire immediately, and the Optionee’s right to exercise the outstanding Option (whether vested or not vested) shall terminate immediately upon the date of the Optionee’s termination of employment.

Appears in 6 contracts

Samples: Key Employee Stock Option Plan (United Community Banks Inc), Key Employee Stock Option Agreement (United Community Banks Inc), Stock Option Award Agreement (United Community Banks Inc)

AutoNDA by SimpleDocs

Termination of Employment for Cause. If the Optionee’s employment is terminated by the Company for Cause, the outstanding Option shall expire immediately, and the Optionee’s right to exercise the outstanding Option (whether vested or not vested) shall terminate immediately upon the date of the Optionee’s termination of employment.

Appears in 4 contracts

Samples: Stock Option Award Agreement (United Community Banks Inc), Stock Option Award Agreement (United Community Banks Inc), Stock Option Agreement (United Community Banks Inc)

Termination of Employment for Cause. If the Optionee’s employment is terminated by the Company is terminated for Cause, the outstanding Option shall expire immediatelyOption, and the Optionee’s right to exercise the outstanding Option (whether vested or not vested) exercisable, shall terminate immediately upon on the date of the termination of Optionee’s termination of employment.

Appears in 3 contracts

Samples: Stock Option Agreement (Ventas Inc), Stock Option Agreement (Ventas Inc), Stock Option Agreement (Ventas Inc)

Termination of Employment for Cause. If the Optionee’s employment Employment is terminated by the Company for Cause, the outstanding Option shall expire immediately, and the Optionee’s right to exercise the outstanding Option (whether then vested or not vestedexercisable or not) shall terminate immediately upon the date of the Optionee’s termination of employmentlapse and cease to be exercisable.

Appears in 3 contracts

Samples: Stock Option Grant Agreement (Overseas Shipholding Group Inc), Stock Option Grant Agreement (Overseas Shipholding Group Inc), Stock Option Grant Agreement (Overseas Shipholding Group Inc)

Termination of Employment for Cause. If the Optionee’s employment is terminated by the Company and its Affiliates is terminated for Cause, the outstanding Option shall expire immediatelyOption, and the Optionee’s right to exercise the outstanding Option (whether vested or not vested) exercisable, shall terminate immediately upon on the date of the termination of Optionee’s termination of employment.

Appears in 2 contracts

Samples: Stock Option Agreement (Care Capital Properties, Inc.), Stock Option Agreement (Care Capital Properties, Inc.)

Termination of Employment for Cause. If the Optionee’s employment is terminated by the Company or a subsidiary corporation is terminated for Cause, the outstanding Option Options shall expire immediately, and the Optionee’s right to exercise the outstanding Option (whether vested or not vested) shall terminate immediately upon the date as of the Optionee’s termination Termination Date, unless otherwise determined by the Administrator in accordance with the terms of employmentthe Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Centennial Bank Holdings, Inc.)

Termination of Employment for Cause. If the Optionee’s 's employment is terminated by the Company shall terminate for Cause, the outstanding Option Option, to the extent not theretofore exercised, shall expire immediately, and the Optionee’s right to exercise the outstanding Option (whether vested or not vested) shall terminate be cancelled immediately upon the date such Termination of the Optionee’s termination of employmentEmployment.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Northwest Airlines Corp)

AutoNDA by SimpleDocs

Termination of Employment for Cause. If prior to the Expiration Date, the Optionee’s 's employment or service, as applicable, with the Employer is terminated by the Company Employer for Cause, all shares subject to the outstanding Option shall expire immediately, and the Optionee’s right to exercise the outstanding Option (whether vested or not vested) shall terminate immediately upon expire as of the date of the Optionee’s termination of employmentsuch termination.

Appears in 1 contract

Samples: Stock Option Agreement (Spheris Inc.)

Termination of Employment for Cause. If the Optionee’s employment or service is terminated by the Company or its Affiliates for Causecause (as defined below), the outstanding Option shall expire immediatelyor at a time when grounds for a termination for cause exist, and then any option held by the Optionee’s right to exercise the outstanding Option (, whether vested or not vested) otherwise exercisable on the termination date, shall immediately terminate immediately upon the date of the Optionee’s termination of employment.and cease to be

Appears in 1 contract

Samples: Stock Option Agreement (Hudson Highland Group Inc)

Termination of Employment for Cause. If the Optionee’s employment is terminated by pursuant to the Company Employment Agreement for Cause, the outstanding then all Option shall expire immediately, and the Optionee’s right to exercise the outstanding Option Shares that have not yet been exercised (whether vested or not vested) shall terminate immediately upon on the date of the Optionee’s such termination of employment.

Appears in 1 contract

Samples: Employment Agreement (Reptron Electronics Inc)

Termination of Employment for Cause. If the Optionee’s employment is terminated by the Company for Cause, the outstanding Option shall expire immediately, and then any option held by the Optionee’s right to exercise the outstanding Option (, whether vested or not vested) shall terminate immediately upon otherwise exercisable on the date of the Optionee’s termination of employment, shall immediately terminate and cease to be exercisable.

Appears in 1 contract

Samples: Ceo Employment Agreement (Hudson Highland Group Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!