Termination of Service for Cause. If your employment with the Company or a subsidiary is terminated by the Company or a subsidiary for Cause, the Option will be immediately forfeited in full upon termination (regardless of the extent to which the Option may have been exercisable as of that time). For purposes of this paragraph 6 only, “Cause” is defined as (a) any act which is in bad faith and to the detriment of the Company or one of its subsidiaries or (b) a material breach of any agreement with or material obligation to the Company or one of its subsidiaries.
Appears in 5 contracts
Samples: Non Qualified Stock Option Agreement (Celera CORP), Non Qualified Stock Option Agreement (Celera CORP), Non Qualified Stock Option Agreement (Celera CORP)
Termination of Service for Cause. If your employment with the Company or a subsidiary is terminated by the Company or a subsidiary for Cause, the Option will be immediately forfeited in full upon such termination (regardless of the extent to which the Option may have been exercisable as of that such time). For purposes of this paragraph 6 only, “Cause” is defined as (a) any act which is in bad faith and to the detriment of the Company or one of its subsidiaries or (b) a material breach of any agreement with or material obligation to the Company or one of its subsidiaries.Company.4
Appears in 3 contracts
Samples: Incentive Stock Option Agreement (Applera Corp), Non Qualified Stock Option Agreement (Applera Corp), Non Qualified Stock Option Agreement (Applera Corp)
Termination of Service for Cause. If your employment with service as a member of the Company or a subsidiary Board of Directors is terminated by the Company or a subsidiary for CauseCause (as defined below), the Option will be immediately forfeited in full upon such termination (regardless of the extent to which the Option may have been exercisable as of that such time). For purposes of this paragraph 6 7 only, “Cause” is defined as (a) any act which is in bad faith and to the detriment of the Company or one of and its subsidiaries or (b) a material breach of any agreement with or material obligation to the Company or one of and its subsidiaries.
Appears in 2 contracts
Samples: Director Stock Option Agreement (Applera Corp), Director Stock Option Agreement (Applera Corp)
Termination of Service for Cause. If your employment with service as a member of the Company or a subsidiary Board of Directors is terminated by the Company or a subsidiary for CauseCause (as defined below), the Option will be immediately forfeited in full upon such termination (regardless of the extent to which the Option may have been exercisable as of that such time). For purposes of this paragraph 6 7 only, “Cause” is defined as (a) any act which is in bad faith and to the detriment of the Company or one of its subsidiaries or (b) a material breach of any agreement with or material obligation to the Company or one of its subsidiaries.Company.2
Appears in 2 contracts
Samples: Director Stock Option Agreement (Applera Corp), Director Stock Option Agreement (Applera Corp)
Termination of Service for Cause. If your employment with the Company or a subsidiary is terminated by the Company or a subsidiary for Cause, the Option will be immediately forfeited in full upon such termination (regardless of the extent to which the Option may have been exercisable as of that such time). For purposes of this paragraph 6 only, “Cause” is defined as (a) any act which is in bad faith and to the detriment of the Company or one of its subsidiaries or (b) a material breach of any agreement with or material obligation to the Company or one of its subsidiariesCompany.
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (Applera Corp), Incentive Stock Option Agreement (Applera Corp)
Termination of Service for Cause. If your employment with the Company or a subsidiary is terminated by the Company or a subsidiary for Cause, the Option will be immediately forfeited in full upon such termination (regardless of the extent to which the Option may have been exercisable as of that such time). For purposes of this paragraph 6 only, “Cause” is defined as (a) any act which is in bad faith and to the detriment of the Company or one of its subsidiaries or (b) a material breach of any agreement with or material obligation to the Company or one of its subsidiaries.Company. Back to Contents
Appears in 1 contract
Termination of Service for Cause. If your employment with the Company or a subsidiary is terminated by the Company or a subsidiary for Cause, the Option will be immediately forfeited in full upon such termination [(regardless of the extent to which the Option may have been exercisable as of that time)such time)]4. For purposes of this paragraph 6 only, “Cause” is defined as (a) any act which is in bad faith and to the detriment of the Company or one of its subsidiaries or (b) a material breach of any agreement with or material obligation to the Company or one of its subsidiariesCompany.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Applera Corp)
Termination of Service for Cause. If your employment with the Company or a subsidiary is terminated by the Company or a subsidiary for Cause, the Option will be immediately forfeited in full upon such termination [(regardless of the extent to which the Option may have been exercisable as of that time). such time)].4 For purposes of this paragraph 6 only, “Cause” is defined as (a) any act which is in bad faith and to the detriment of the Company or one of its subsidiaries or (b) a material breach of any agreement with or material obligation to the Company or one of its subsidiariesCompany.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Applera Corp)
