Termination of Employment/Service. Unless stated otherwise under the terms of the Optionee’s Employment Agreement, upon any termination of the Optionee’s employment or service, the Option shall be treated as provided in this Section 3.
Termination of Employment/Service. If an Optionee's employment (or other service) with the Company terminates either (i) for Cause or (ii) voluntary on the part of the Optionee and without Good Reason (as determined by the Board, in its sole discretion), the options, to the extent not previously exercised, will terminate on the date of such termination of employment (or service) unless otherwise indicated by the Board. If an Optionee's employment or other service with the Company terminates for reasons other than (a) termination that is either (i) for Cause, (ii) voluntary on the part of the Optionee and without Good Reason, (b) termination by reason of disability and (c) death, options under the Plan may be exercised not later than three (3) months after such termination, but may be exercised only to the extent the options were exercisable on the date of termination, and in no event after ten (10) years from the date of granting thereof. Except as may be otherwise provided in this Agreement, the Option granted hereunder shall not be affected by any change of employment so long as Employee continues to be employed by the Corporation, a Parent Corporation, or a Subsidiary. Options granted for past employees at the time the Plan was adopted, shall have a three (3) year period after the date that a registration statement for a public offering of the Corporation's stock becomes effective with the Securities and Exchange Commission. If such Options are not exercised within the time period allotted above, the Options will be terminated, cancelled and void.
Termination of Employment/Service. Unless determined otherwise by the Board at any point following such event, service shall not be considered terminated in the case of (i) any approved leave of absence, (ii) transfers among the Company, any Affiliate, or any successor, in any capacity of Participant, or (iii) any change in status as long as Participant remains in the service of the Company or an Affiliate in any capacity of employee, manager or consultant. An approved leave of absence shall include sick leave, military leave, or any other authorized personal leave.
Termination of Employment/Service. Unless determined otherwise by the Committee at any time following such event: (i) neither a temporary absence from employment or service due to illness, vacation or leave of absence nor a transfer from employment or service with the Company to employment or service with an Affiliate (or vice-versa) shall be considered a termination of employment or service with the Company or an Affiliate; and (ii) if a Participant’s employment with the Company and its Affiliates terminates, but such Participant continues to provide services to the Company and its Affiliates in a non-employee capacity (or vice-versa), such change in status shall not be considered a termination of employment with the Company or an Affiliate.
Termination of Employment/Service. (a) With respect to each New D&B Option, stock appreciation right for New D&B Common Stock, New D&B Performance Share Unit and Dividended Restricted Stock granted to a Moody's Employee or Moody's Directors (other than a Moody's Director who is a member of the Board of Directors of New D&B) pursuant to the New D&B Replacement Plans, the New D&B Replacement Plans shall provide that references under such plans to continued employment or service or termination of employment or service shall refer to continued employment or service or termination of employment or service with Moody's rather than New D&B. With respect to each Moody's Option, stock appreciation right for Moody's Common Stock, Corporation Restricted Stock and Moody's Performance Share Unit held by a New D&B Employee or a New D&B Director pursuant to the Corporation Stock Incentive Plans, the Corporation shall amend such Corporation Stock Incentive Plans to provide that references under such plans to continued employment or service or termination of employment or service shall refer to continued employment or service or termination of employment or service with New D&B rather than Corporation.
Termination of Employment/Service. If an Optionee’s employment (or other service) with the Company terminates for any reason whatsoever, regardless of the circumstances thereof, and including without limitation upon death, disability, retirement, discharge, or resignation for any reason, whether voluntary or involuntarily the Options, to the extent not previously exercised, will terminate on the date of such termination of employment (or service).
Termination of Employment/Service. Except as otherwise provided in the employment agreement entered in between the Participant and Target Logistics Management, LLC, dated [DATE] (the “Employment Agreement”), upon any termination of the Participant’s employment or service, the Option shall be treated as provided in this Section 3. In accordance with the Employment Agreement, if the Participant’s employment is terminated without Cause or by the Executive for Good Reason at any time prior to the first anniversary of the Grant Date, a minimum of 12.5% of the Option shall become vested and exercisable as of the date of such termination of employment.
Termination of Employment/Service. Unless determined otherwise by the Committee at any point following such event:
Termination of Employment/Service. This Option shall terminate on, and may not be exercised following, the earliest to occur of:
Termination of Employment/Service. If a Holder’s employment (or other service) with the Company terminates for any reason other than Good Reason (as determined by the Board, in its sole discretion) prior to the options vesting, such options shall expire immediately upon such termination. If a Holder’s employment (or other service) with the Company terminates either (i) for Cause or (ii) voluntarily on the part of the Holder and without Good Reason (as determined by the Board, in its sole discretion), the options which have vested, to the extent not previously exercised, will terminate on the date of such termination of employment (or service). If a Holder’s employment or other service with the Company terminates for reasons other than termination that is either (i) for Cause or (ii) voluntary on the part of the Holder and without Good Reason, options under the Plan that have vested may be exercised not later than three (3) months after such termination, but may be exercised only to the extent the options were vested and exercisable on the date of termination, and in no event after five (5) years from the date of granting thereof. If a Holder’s employment or other service with the Company terminates (i) by reason of disability or (ii) death prior to vesting, such options shall vest to the beneficiary designated by the Holder on the Designation of Beneficiary, a copy of which is attached hereto as Exhibit C (“Designation of Beneficiary”), as specified in the Notice of Stock Option Grant. Such options may be exercised by the beneficiary designated in the Designation of Beneficiary as provided in Section 5 of this Agreement. Except as may be otherwise provided in this Agreement, the Options granted hereunder shall not be affected by any change of employment so long as Holder continues to be employed by the Company, a Parent Corporation, or a Subsidiary.
