Common use of Unvested Options Clause in Contracts

Unvested Options. All Option Shares which have not vested in accordance with Paragraph 3(a) of this Agreement shall be cancelled, forfeited and terminated upon the Optionee ceasing to be an employee or Key Non-Employee of the Company or any of its Affiliates for any reason.

Appears in 4 contracts

Samples: Nonstatutory Stock Option Agreement, Employment Agreement (JELD-WEN Holding, Inc.), Nonstatutory Stock Option Agreement (JELD-WEN Holding, Inc.)

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Unvested Options. All Option Shares which have not vested in accordance with Paragraph Section 3(a) of this Agreement shall be cancelled, forfeited and terminated upon the Optionee ceasing to be an employee or Key Non-Employee of the Company or any of its Affiliates Optionee’s Termination for any reason.

Appears in 3 contracts

Samples: Nonqualified Stock Option Agreement (JELD-WEN Holding, Inc.), Nonqualified Stock Option Agreement (JELD-WEN Holding, Inc.), Nonqualified Stock Option Agreement (JELD-WEN Holding, Inc.)

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Unvested Options. All Option Shares which have not vested in accordance with Paragraph 3(a(“Unvested Options”) of this Agreement shall be cancelled, forfeited and terminated upon the Optionee ceasing to be an employee or Key Non-Employee of the Company or any of its Affiliates for any reason.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Res Care Inc /Ky/)

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