Termination of Option definition

Termination of Option. The unvested portion of the Option will terminate automatically and without further notice immediately upon termination (voluntary or involuntary) of your employment or service relationship with the Company or a Related Corporation. The vested portion of the Option will terminate automatically and without further notice on the earliest of the following dates:
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Termination of Option means a termination of option in the form of Exhibit F hereto, a completed copy of which for each Eligible Property is to be executed, notarized and delivered to Escrow Holder concurrently with the execution of this Agreement.
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Termination of Option. The unvested portion of the Option shall terminate automatically upon termination of employment or services for any reason. The vested portion of the Option shall remain exercisable until the earliest of:
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Examples of Termination of Option in a sentence

  • Notwithstanding anything else contained herein, in no case will the Market Value be less than the minimum prescribed by each of the organized trading facilities that would apply to the Company on the Grant Date in question.5.4 Termination of Option Subject to such other terms or conditions that may be attached to Options granted hereunder, an Option Holder may exercise an Option in whole or in part at any time and from time to time during the Exercise Period.

  • Upon an Acquisition Event and/or a Change in Control Event, the Option will vest to the extent provided in the Plan.5. Termination of Option; Restrictions on Exercise.

  • Termination of Option In each case this Agreement sets out an Exercise Period applicable for the exercise of the Option in certain circumstances, the Option, to the extent not exercised during such Exercise Period, shall terminate.

  • Except as contemplated in this clause 7.7 ( Termination of Option Contracts), the Client understands that an Option Contract, once agreed and entered into, cannot be terminated.

  • The Optionee shall make best efforts to deliver to the Optionor as per Section 4 of the Agreement, Grant & Exercise Option, 4(a), 4(b) (i), and 4(b) (ii) on or before October 31, 2012.j) The Option Extension Agreement may be terminated in accordance to Section 8 of the Agreement, Termination of Option on or after October 31, 2012.k) This Option Extension Agreement binds and benefits both Parties.l) All other terms and conditions of the Agreement remain unchanged.

  • Except as contemplated in this clause 7.9 ( Termination of Option Contracts), the Client understands that an Option Contract, once agreed and entered into, cannot be terminated.

  • Damroth, or his heirs or assigns, file a Termination of Option statement with the Register of Deeds for Barron County.

  • The mailer may appeal this in writing within 15 days of receipt of the notification to the manager of Business Mailer Support at Headquarters.Note: Termination of Option 1 (Aggregate) may be done at a single local site without terminating the MVRP at other sites included in the national MVRP.

  • En: An emergent state at the time n.⇒: (Minimally sufficient) causation.According to O‘Connor/Wong the following causations should be regarded as premises for emergent downward causation:P* at t0 ⇒ E at t1.P* | P0 | P@0 at t0 ⇒ P* | P1 at t1.Generalizing the idea in a time indexed diagram, we can show that the downward causation can be thought like this: Figure 138The dynamical model view of emergence is able to avoid difficulties mentioned above.

  • Except as contemplated in this clause7.7 ( Termination of Option Contracts), the Client understands that an Option Contract, once agreed and entered into, cannot be terminated.


More Definitions of Termination of Option

Termination of Option. This option shall not terminate for the reasons described in Sections 5.5.1 through 5.5.4 of the Plan, but shall terminate pursuant to Section 5.5.5 of the Plan. No Transfer of Option: This option cannot be transferred except by will or the applicable laws of descent and distribution.
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Termination of Option. If your employment with the Company terminates, then this option will terminate upon the earlier of (i) the expiration of its term or (ii) subject to the provisions of any retention or other employment agreement between the Company and you and to the provisions of the Company's severance policies applicable to the Company's executives (provided that in some circumstances the exercise of this option beyond three months from termination of employment may disqualify this option as an "Incentive Stock Option," as such term is defined in Section 422 of the Internal Revenue Code, as amended), the earliest of the following events:
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Termination of Option. The Option shall terminate upon the earlier of (i) payment of the Exercise Price, and (ii) June 30, 1999, but such termination shall not relieve any party from any other obligations set forth in this Settlement Agreement. Notwithstanding anything to the contrary herein, it is a condition to Aquis' right to exercise the Option that Aquis shall have paid or, simultaneously with payment of the Exercise Price shall pay, the Dispute Obligation in full.
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Termination of Option. Notwithstanding anything in this Agreement to the contrary, this Option shall terminate and be of no further force and effect on April 20, 2012.
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Related to Termination of Option

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Optional Termination The termination of the trust created hereunder in connection with the purchase of the Mortgage Loans pursuant to Section 9.01(a) hereof.

  • Termination for Cause or "Cause" shall mean termination because of the Executive's personal dishonesty, willful misconduct, any breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, conviction of a felony with respect to the Bank or the Company or any material breach of this Agreement. For purposes of this Section, no act, or the failure to act, on the Executive's part shall be "willful" unless done, or omitted to be done, in bad faith and without reasonable belief that the action or omission was in the best interest of the Company or its affiliates. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board or based upon the written advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by the Executive in good faith and in the best interests of the Company. Notwithstanding the foregoing, the Executive shall not be deemed to have been terminated for Cause unless and until there shall have been delivered to him a Notice of Termination which shall include a copy of a resolution duly adopted by the affirmative vote of not less than three-fourths of the members of the Board at a meeting of the Board called and held for that purpose (after reasonable notice to the Executive and an opportunity for him, together with counsel, to be heard before the Board), finding that in the good faith opinion of the Board, the Executive was guilty of conduct justifying Termination for Cause and specifying the particulars thereof in detail. The Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause.

  • Termination Upon a Change in Control means a termination of Officer’s employment with Corporation within 12 months following a “Change in Control” that constitutes a Termination Other Than For Cause described in Section 2.1(b).

  • Termination of Services means Participant’s Termination of Consultancy, Termination of Directorship or Termination of Employment, as applicable.

  • Termination of Service means:

  • Company Termination Event means any of the following:

  • Termination of Consultancy means: (a) that the Consultant is no longer acting as a consultant to the Company or an Affiliate; or (b) when an entity which is retaining a Participant as a Consultant ceases to be an Affiliate unless the Participant otherwise is, or thereupon becomes, a Consultant to the Company or another Affiliate at the time the entity ceases to be an Affiliate. In the event that a Consultant becomes an Eligible Employee or a Non-Employee Director upon the termination of such Consultant’s consultancy, unless otherwise determined by the Committee, in its sole discretion, no Termination of Consultancy shall be deemed to occur until such time as such Consultant is no longer a Consultant, an Eligible Employee or a Non-Employee Director. Notwithstanding the foregoing, the Committee may otherwise define Termination of Consultancy in the Award Agreement or, if no rights of a Participant are reduced, may otherwise define Termination of Consultancy thereafter, provided that any such change to the definition of the term “Termination of Consultancy” does not subject the applicable Award to Section 409A of the Code.

  • Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Share Termination Settled” in relation to the Transaction means that Share Termination Alternative is applicable to the Transaction.

  • Potential Termination Event means an event which, with the giving of notice and/or the lapse of time, would constitute a Termination Event.

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.

  • Eligible Termination means the involuntary termination of Participant’s employment without Cause, provided that at the time of such termination Participant is a Senior Officer and has completed at least ten (10) years of service as a Senior Officer.

  • Director Option means an Option granted pursuant to Section 6.

  • Early Termination Event has the meaning specified in Section 9.2.

  • Additional Termination Event has the meaning specified in Section 5(b).

  • Termination Upon Change of Control shall not include any termination of the employment of the Executive (a) by the Company for Cause; (b) as a result of the Permanent Disability of the Executive; (c) as a result of the death of the Executive; or (d) as a result of the voluntary termination of employment by the Executive for reasons other than Good Reason.

  • Involuntary Termination means a termination of your employment with the Company pursuant to either (i) a termination initiated by the Company without Cause, or (ii) your resignation for Good Reason, and provided in either case such termination constitutes a Separation from Service. An Involuntary Termination does not include any other termination of your employment, including a termination due to your death or disability.

  • Termination for Just Cause means termination because of Executive’s personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule or regulation (other than traffic violations or similar offenses) or final cease-and-desist order, or material breach of any provision of this Agreement.

  • Involuntary Termination Without Cause means Executive’s dismissal or discharge by the Company other than for Cause. The termination of Executive’s employment as a result of Executive’s death or disability will not be deemed to be an Involuntary Termination Without Cause.

  • Voluntary Termination for Good Reason means that the Executive voluntarily terminates his employment after any of the following are undertaken without Executive’s express written consent:

  • Nonqualifying Termination means a termination of the Executive’s employment (1) by the Company for Cause, (2) by the Executive for any reason other than a Good Reason, (3) as a result of the Executive’s death or (4) by the Company due to the Executive’s absence from his duties with the Company on a full-time basis for at least 180 consecutive days as a result of the Executive’s incapacity due to physical or mental illness.

  • Termination for Good Reason means a Termination of Employment by Executive for a Good Reason.

  • Termination After Change in Control means either of the following events occurring within twelve (12) months after a Change in Control: