Examples of Termination Exercise Period in a sentence
To the extent that the Grantee’s Award was unvested at the date of termination, or if the Grantee does not exercise the vested portion of the Grantee’s Award within the Post- Termination Exercise Period, the Award shall terminate.
No member of the Future Leaders Section shall serve on the Board of Governors under this provision for more than two (2) consecutive terms.
If a Grantee’s Continuous Service terminates, all or any portion of the Grantee’s Options or SARs that were vested at the Termination Date (including any portion thereof that vested as a result of such termination) may be exercised during the applicable Post- Termination Exercise Period.
Following the date of such termination, to the extent the Participant does not exercise such Award within the applicable Post- Termination Exercise Period (or, if earlier, prior to the expiration of the maximum term of such Award), such unexercised portion of the Award will terminate, and the Participant will have no further right, title or interest in the terminated Award, the shares of Common Stock subject to the terminated Award, or any consideration in respect of the terminated Award.
Notwithstanding anything to the contrary in the Agreement, at any time during the Optional Termination Exercise Period, Party A may (acting in its sole and absolute discretion) elect to terminate this Transaction in full on the Optional Redemption Date (an “Optional Termination”).