Treatment on Termination. (a) Subject to clauses (b) – (d) below, if the Participant incurs a Termination, the Participant shall forfeit the Unvested Portion of the Option to the Company for no consideration as of the Termination Date and the Vested Portion of the Option shall remain exercisable for the period set forth in Section 5.
Appears in 2 contracts
Samples: Option Agreement (Catalent, Inc.), Option Agreement (Catalent, Inc.)
Treatment on Termination. (a) Subject to clauses (b) – (d) below, if the Participant incurs a Termination, the Participant shall forfeit the Unvested Portion of the Option to the Company for no consideration as of the Termination Date and the Vested Portion of the Option shall remain exercisable for the period set forth in Section 55 of this Agreement.
Appears in 1 contract
Samples: Option Agreement (Catalent, Inc.)
Treatment on Termination. (a) Subject to clauses (b) – (d) below, if the Participant incurs a Termination, the Participant shall forfeit the Unvested Portion of the Option to the Company for no consideration as of the Termination Date and the Vested Portion of the Option shall remain exercisable for the period set forth in Section 55 of this Agreement.
Appears in 1 contract
Samples: Option Agreement (Catalent, Inc.)
