Common use of Termination Without Cause or Termination for Good Reason Clause in Contracts

Termination Without Cause or Termination for Good Reason. If Holder’s employment by, or other relationship with, the Company terminates for any reason other than death, Disability, Retirement or for Cause, or if Holder’s employment by, or other relationship with, the Company is terminated by Holder for “Good Reason,” this Option shall vest in full immediately. Termination for “Good Reason” shall have the meaning ascribed to such term in the Employment Agreement.

Appears in 9 contracts

Samples: Acquire Shares (National Health Partners Inc), Acquire Shares (National Health Partners Inc), Acquire Shares (National Health Partners Inc)

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