Common use of Termination of Employment for Other Reasons Clause in Contracts

Termination of Employment for Other Reasons. Upon termination of the Participant’s employment with the Company or its subsidiaries or affiliates prior to the Expiration Date for any reason other than death, disability, or retirement, all unvested Options shall expire and terminate upon the date of termination of service.

Appears in 3 contracts

Samples: Incentive Stock Option Agreement (1st Constitution Bancorp), Nonqualified Stock Option Agreement (1st Constitution Bancorp), Incentive Stock Option Agreement (1st Constitution Bancorp)

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Termination of Employment for Other Reasons. Upon termination of the Participant’s employment with the Company or its subsidiaries or affiliates prior to the Expiration Date for any reason other than death, disability, death or Disability [or retirement], all unvested Options shall expire and terminate upon the date of termination of service.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Ion Networks Inc), Nonqualified Stock Option Agreement (Ion Networks Inc)

Termination of Employment for Other Reasons. Upon termination of If the Participant’s Employee's employment with is terminated by the Company or its subsidiaries or affiliates prior to the Expiration Date for any reason other than death, disabilityas a result of Disability, or retirementthe Employee voluntarily terminates (except for Good Reason or upon Retirement) his or her employment, all outstanding unvested Options shall expire and terminate upon as of the date of termination of serviceemployment, and any Options vested as of the date of termination shall remain exercisable at any time prior to their expiration date or for three (3) months (one year if termination is due to Disability) after the date of termination of employment, whichever period is shorter.

Appears in 2 contracts

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

Termination of Employment for Other Reasons. Upon termination of the Participant’s employment with the Company or its subsidiaries or affiliates prior to the Expiration Date for any reason other than death, disability, or retirement, all unvested Options shall expire and terminate upon the date of termination of service. All vested Options may be exercised by the Participant for a period of thirty days after the date of termination of service or until the Expiration Date, whichever is shorter.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (1st Constitution Bancorp)

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Termination of Employment for Other Reasons. Upon termination of the Participant’s employment with the Company or its subsidiaries or affiliates prior to the Expiration Date for any reason other than death, death or disability, or retirement, all unvested Options shall expire and terminate upon the date of termination of service. All vested Options may be exercised by the Participant for a period of thirty days after the date of termination of service or until the Expiration Date, whichever is shorter.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (1st Constitution Bancorp)

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