Common use of Alternative Award Clause in Contracts

Alternative Award. Notwithstanding Section 8(a), no cancellation, termination, settlement or other payment shall occur with respect to any Option if the Administrator reasonably determines prior to the Change in Control that the Employee shall receive an Alternative Award meeting the requirements of the Plan.

Appears in 4 contracts

Samples: Employee Stock Option Agreement (Fidelity & Guaranty Life), Employee Stock Option Agreement (Fidelity & Guaranty Life), Employee 2012 Stock Option Agreement (Fidelity & Guaranty Life)

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Alternative Award. Notwithstanding Section 8(a5(a), no cancellation, termination, or settlement or other payment shall occur with respect to any Option if the Administrator reasonably determines prior to the Change in Control that the Employee Associate shall receive an Alternative Award meeting the requirements of the Plan.

Appears in 3 contracts

Samples: Employee Stock Option Agreement (Servicemaster Co, LLC), Employee Stock Option Agreement (Servicemaster Global Holdings Inc), Employee Stock Option Agreement (Servicemaster Global Holdings Inc)

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