Divestiture. If prior to the third anniversary of the date of this Agreement, the Optionee’s employment is terminated by the Corporation due to a divestiture and the Optionee is employed by the purchasing entity, then to the extent this Option is vested and exercisable (and becomes vested and exercisable under Section 4(g)), it may be exercised through the first anniversary of the date of termination (but not beyond the Expiration Date) and shall thereafter expire.
Appears in 7 contracts
Samples: Quest Diagnostics Incorporated Non Qualified Stock Option Agreement (Quest Diagnostics Inc), Quest Diagnostics Incorporated Non Qualified Stock Option Agreement (Quest Diagnostics Inc), Quest Diagnostics Incorporated Non Qualified Stock Option Agreement (Quest Diagnostics Inc)