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

Termination of Employment for Other Reasons. If, without having fully exercised this Option, Optionee's employment with the Company is terminated for reasons other than his or her death, Disability or Retirement then Optionee's rights under this Option shall terminate. However, the Committee, in its sole discretion, shall have the right to allow for an exercise period of up to 30 days after the date of such termination, provided that, in no event shall this extension period continue beyond the expiration of the term of this Option. In addition, any such extension shall be applicable only to the extent that this Option is exercisable at the date of termination of employment.

Appears in 3 contracts

Samples: Agreement (Meredith Corp), Stock Incentive Plan Agreement (Meredith Corp), Agreement (Meredith Corp)

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Termination of Employment for Other Reasons. If, without having fully exercised this Option, In the event of the termination of the Optionee's ’s employment with the Company is terminated and all subsidiaries for reasons any reason other than his or her death, Disability permanent disability or Retirement retirement, all of the Options which are then Optionee's rights under this Option shall terminate. However, the Committee, in its sole discretion, shall have the right to allow for an exercise period of up to 30 vested may be exercised within thirty (30) days after the date of such termination, provided that, in no event shall this extension period continue beyond the expiration of the term of this Optionthe Option(s). In addition, any such extension shall be applicable only to the extent that such Option or Options are vested and exercisable according to the terms of the Plan and this Option is exercisable at the date of termination of employmentAgreement.

Appears in 2 contracts

Samples: Nonqualified Stock Option Award Agreement for Employees (Meredith Corp), Nonqualified Stock Option Award Agreement (Meredith Corp)

Termination of Employment for Other Reasons. If, without having fully exercised this Option, Optionee's employment with the Company is terminated for reasons other than his or her death, Disability or Retirement Retirement, then Optionee's rights under this Option shall terminate. However, the Committee, in its sole discretion, shall have the right to allow for an exercise period of up to 30 days after the date of such termination, provided that, in no event shall this extension period continue beyond the expiration Date of the term of this OptionExpiration set forth above. In addition, any such extension shall be applicable only to the extent that this Option is exercisable at the date of termination of employment.

Appears in 1 contract

Samples: Agreement (Meredith Corp)

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Termination of Employment for Other Reasons. If, without having fully exercised this Option, Optionee's employment with the Company is terminated for reasons other than his or her death, Disability disability or Retirement retirement, then Optionee shall have the right to exercise Optionee's rights under this Option shall terminate. However, the Committee, in its sole discretion, shall have the right to allow for an exercise period of up to 30 thirty (30) days after the date of such termination, provided that, in no event shall this extension period continue beyond the expiration of the term of this Option. In addition, any such extension shall be applicable only to the extent that this Option is vested and exercisable according to the terms of the Plan and this Agreement at the date of termination of employment.

Appears in 1 contract

Samples: Nonqualified Stock Option Award Agreement for Employees (Meredith Corp)

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