Common use of Voluntary Termination (Other than for Good Reason or Retirement) Clause in Contracts

Voluntary Termination (Other than for Good Reason or Retirement). If Executive Voluntarily Terminates his employment for any reason other than Good Reason or Retirement, Executive shall not be entitled to any payments or benefits under this Agreement and Executive’s vested stock options and SARs must be exercised within 30 days of the date of his termination, but not later than the option or SAR expiration date.

Appears in 16 contracts

Samples: Severance and Change in Control Agreement (Kbr, Inc.), Severance and Change in Control Agreement (Kbr, Inc.), Severance and Change in Control Agreement (Kbr, Inc.)

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Voluntary Termination (Other than for Good Reason or Retirement). If Executive Voluntarily Terminates his employment for any reason other than Good Reason or Retirement, Executive shall not be entitled to any payments or benefits under this Agreement and Executive’s 's vested stock options and SARs must be exercised within 30 days of the date of his termination, but not later than the option or SAR expiration date.

Appears in 1 contract

Samples: Severance and Change in Control Agreement (Kbr, Inc.)

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