Termination Related to Retirement. Upon Participant’s Termination of Employment due to Retirement at least one year after the Grant Date, a pro-rata portion of this Stock Option shall immediately vest and become exercisable upon Participant’s Last Day of Employment. The pro-rata portion of this Stock Option shall be equal to a percentage based upon the number of whole months of service completed between the Grant Date and Participant’s Last Day of Employment divided by thirty-six (36), minus the number of shares that already vested pursuant to Section 1.4 and rounded up to the next whole share.
Appears in 4 contracts
Samples: Non Qualified Stock Option Award Agreement (H&r Block Inc), Non Qualified Stock Option Award Agreement (H&r Block Inc), Non Qualified Stock Option Award Agreement (H&r Block Inc)
Termination Related to Retirement. Upon Participant’s 's Termination of Employment due to Retirement at least one year after the Grant Date, a pro-rata portion of this Stock Option shall immediately vest and become exercisable upon Participant’s 's Last Day of Employment. The pro-rata portion of this Stock Option shall be equal to a percentage based upon the number of whole months of service completed between the Grant Date and Participant’s 's Last Day of Employment divided by thirty-six (36), minus the number of shares that already vested pursuant to Section 1.4 and rounded up to the next whole share.
Appears in 1 contract
Samples: Non Qualified Stock Option Award Agreement (H&r Block Inc)
