Termination of Service without Cause. Upon a Termination of Service without Cause, (i) any part of the Option that is unexercisable as of such termination date shall remain unexercisable and shall terminate as of such date, and (ii) the Participant shall have the right for 12 months after the date of such Termination of Service to exercise only that portion of the Option that has become exercisable as of the date of such Termination of Service, and thereafter the Option shall terminate and cease to be exercisable.
Appears in 5 contracts
Samples: Stock Option Agreement (Washington Mutual Inc), Stock Option Agreement (Washington Mutual, Inc), Stock Option Agreement (Washington Mutual Inc)
