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: 2011 Omnibus Incentive Plan (Xylem Inc.), 2011 Omnibus Incentive Plan (Xylem Inc.), 2011 Omnibus Incentive Plan (Xylem Inc.)

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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.)

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