Termination of Service Due to Death or Disability. Upon a termination of the Participant’s Service by reason of death or Disability, any unvested portion of the Option shall immediately terminate and be forfeited without consideration and the Vested Portion shall remain exercisable until the earlier of (i) one (1) year following such termination of Service and (ii) the expiration of the Option Term.
Appears in 4 contracts
Samples: Nonqualified Stock Option Award Agreement (Rouse Properties, Inc.), Nonqualified Stock Option Award Agreement (Rouse Properties, Inc.), Nonqualified Stock Option Award Agreement (Rouse Properties, Inc.)
Termination of Service Due to Death or Disability. Upon a termination of the Participant’s Service by reason of death or Disability, any unvested portion of the Option shall immediately terminate vest in full and be forfeited without consideration and the Vested Portion shall remain exercisable until the earlier of (i) one (1) year following such termination of Service and (ii) the expiration of the Option Term. “Disability” shall have the meaning set forth in the Employment Agreement.
Appears in 1 contract
Samples: Nonqualified Stock Option Award Agreement (General Growth Properties Inc)
Termination of Service Due to Death or Disability. Upon In the event a termination of the Participant’s Service by reason of is terminated due to death or Disability, any Disability (and the Committee does not determine that Cause exists): (i) the unvested portion of the Option shall immediately automatically vest and become exercisable, effective as of the date the Participant’s Service is terminated and (ii) the Option shall terminate and be forfeited without consideration and the Vested Portion shall remain exercisable until on the earlier of (iA) one (1) year following such termination of Service and (iiB) the expiration of the Option Term.
Appears in 1 contract
Samples: Award Agreement (Edwards Group LTD)
Termination of Service Due to Death or Disability. Upon In the event a termination of the Participant’s Service by reason of is terminated due to death or Disability, any Disability (and the Committee does not determine that Cause exists): (i) the unvested portion of the Option shall immediately terminate and be forfeited without consideration consideration, effective as of the date the Participant’s Service is terminated and (ii) the Vested Portion shall remain exercisable until terminate on the earlier of (iA) one (1) year following such termination of Service and (iiB) the expiration of the Option Term.
Appears in 1 contract
Samples: Unapproved Share Option Award Agreement (Edwards Group LTD)
