Common use of Termination of Service; Expiration Clause in Contracts

Termination of Service; Expiration. The exercisability of this Option following a termination of the service of the Optionee shall be as and to the extent provided in Sections 6.8 and 6.9 of the Plan, subject to acceleration of vesting under Section 10(b) of the Employment Agreement, if applicable under the circumstances of the termination of the Optionee’s service. In no event shall this Option be exercisable following the Expiration Date.

Appears in 6 contracts

Samples: Separation and Settlement Agreement (Banc of California, Inc.), Employment Agreement (First Pactrust Bancorp Inc), Employment Agreement (First Pactrust Bancorp Inc)

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