Termination of Service for Cause. Unless the Option has earlier terminated pursuant to the provisions of this Agreement or the Plan, all unexercised portions of the Option, whether vested or unvested, will terminate and be forfeited upon a termination of the Grantee’s Service for Cause (as defined above).
Appears in 9 contracts
Samples: Performance Based Option Grant Agreement (Under Armour, Inc.), Option Grant Agreement (Under Armour, Inc.), Time Based Option Grant Agreement (Under Armour, Inc.)
Termination of Service for Cause. Unless the Option has earlier terminated pursuant to the provisions of this Option Grant Agreement or the Plan, all unexercised portions of the Option, whether vested or unvested, will terminate and be forfeited upon a termination of the Grantee’s Service for Cause (Cause. For purposes of this Option Grant Agreement only, “Cause” shall be defined as defined above).any of the following:
Appears in 7 contracts
Samples: Option Grant Agreement (Under Armour, Inc.), Option Grant Agreement (Under Armour, Inc.), Option Grant Agreement (Under Armour, Inc.)
Termination of Service for Cause. Unless If the Option has earlier terminated pursuant to Optionee experiences a Termination of Service for Cause, no previously unexercised Options granted under the provisions of Plan and this Agreement may be exercised. Rather, any unexercised Options, or the Planparts thereof, all unexercised portions of the Option, whether vested or unvested, will terminate shall automatically expire and be forfeited upon a termination as of the Grantee’s Service for Cause (as defined above)effective date of the Termination of Service.
Appears in 1 contract
