Common use of Termination of Service Provisions Clause in Contracts

Termination of Service Provisions. Any Reason (except death, Disability and Retirement): 90 days Death: 12 months Disability: 12 months Retirement Extended Exercise Period: 90 days plus an additional 21 months Retirement: At least 55 years old and has completed at least 5 years of Service

Appears in 4 contracts

Samples: Nonstatutory Stock Option Award Agreement (Lam Research Corp), Nonstatutory Stock Option Award Agreement (Lam Research Corp), 2011 Stock Incentive (Lam Research Corp)

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Termination of Service Provisions. Any Reason (except death, Disability and Retirement): 90 days Death: 12 months Disability: 12 months Retirement Extended Exercise Period: 90 days plus an additional 21 months Retirement: At least 55 years old and has completed at least 5 years of Servicemonths

Appears in 3 contracts

Samples: Nonstatutory Stock Option Award Agreement (Lam Research Corp), Nonstatutory Stock Option Award Agreement (Lam Research Corp), Nonstatutory Stock Option Award Agreement (Lam Research Corp)

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Termination of Service Provisions. Any Reason (except death, Disability disability and Retirement): 90 days Death: 12 months Disability: 12 months Retirement Extended Exercise Period: 90 days plus an additional 21 months Retirement: At least 55 years old and has completed at least 5 years of Servicemonths

Appears in 2 contracts

Samples: Nonstatutory Stock Option Award Agreement (Lam Research Corp), Nonstatutory Stock Option Award Agreement (Lam Research Corp)

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