Discharge for Reasons Other Than Cause Sample Clauses

The "Discharge for Reasons Other Than Cause" clause defines the terms under which an employee may be terminated for reasons that do not involve misconduct or a breach of contract. Typically, this clause outlines the process and any entitlements, such as severance pay or notice periods, that apply when an employer ends the employment relationship for reasons like restructuring, redundancy, or other business needs unrelated to the employee's performance. Its core function is to provide clarity and fairness in situations where employment ends for neutral reasons, protecting both parties by setting expectations and reducing the risk of disputes.
Discharge for Reasons Other Than Cause. If the Employee, prior to the Final Exercise Date, is discharged by the Company for a reason other than “cause” (as defined above), then 100% of all Shares shall be deemed vested as of the termination date. The period of time for exercise of vested options under this paragraph shall be as set forth above.
Discharge for Reasons Other Than Cause. If the Employee, prior to the Final Exercise Date, is discharged by the Company for a reason other than “cause” (as defined above), then 100% of all Options shall be deemed vested as of the termination date. The period of time for exercise of vested options under this paragraph shall be as set forth above.