Common use of Termination of Employment Without Cause Clause in Contracts

Termination of Employment Without Cause. In the event Universal terminates Employee's employment without Cause (as defined in the Plan), the Option shall terminate as of the date of Employee's termination of employment, except for the portion of the Option which is exercisable as of the date of termination of employment, which shall terminate 30 days following the date of such termination of employment.

Termination of Employment Without Cause. In the event Universal terminates the Employee's employment with Universal shall terminate without Cause (as defined in the Plan)cause, the Option shall terminate as of the date of Employee's termination of employment, employment except for the portion of the Option which is exercisable as of the date of termination of employment, which shall terminate unless exercised by Employee within 30 days following the date of such termination of employment.

Termination of Employment Without Cause. In the event Universal terminates Employee's ’s employment without Cause (as defined in the Plan), the Option shall terminate as of the date of Employee's ’s termination of employment, except for the portion of the Option which is exercisable as of the date of termination of employment, which shall terminate 30 days following the date of such termination of employment.

Termination of Employment Without Cause. In the event Universal terminates Employee's employment without Cause (as defined in the Plan), the Option shall terminate as of the date of Employee's termination of employment, employment except for the portion of the Option which is exercisable as of the date of termination of employment, which shall terminate 30 days following the date of such termination of employment.