Common use of Termination other than for Death, Disability and Retirement Clause in Contracts

Termination other than for Death, Disability and Retirement. Any unvested Options will automatically forfeit on the date of the Participant’s termination of employment. Any vested portion of the Options will expire on the earlier of ###EXPIRY_DATE###, or the date 3 months after the Participant’s termination of employment.

Appears in 4 contracts

Samples: Non Qualified Stock Option Grant Agreement (Xylem Inc.), Non Qualified Stock Option Grant Agreement (Xylem Inc.), Non Qualified Stock Option Award Agreement (Xylem Inc.)

AutoNDA by SimpleDocs

Termination other than for Death, Disability and Retirement. Any unvested Options will automatically forfeit on the date of the Participant’s termination of employment. Any vested portion of the Options will expire on the earlier of ###EXPIRY_DATE###, or the date 3 months years after the Participant’s termination of employment.

Appears in 1 contract

Samples: Non Qualified Stock Option Award Agreement (Xylem Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!