Effect of Termination of the Employment of the Optionee for Cause. If the Optionee's employment with the Company or any Subsidiary is terminated for "cause", as defined in the Plan, this Option will terminate on the effective date of the termination of Optionee's employment and shall no longer be exercisable as to any of the remaining Option Shares.
Appears in 4 contracts
Samples: Incentive Stock Option Agreement (Premierwest Bancorp), Nonqualified Stock Option Agreement (Premierwest Bancorp), Nonqualified Stock Option Agreement (Lithia Motors Inc)
Effect of Termination of the Employment of the Optionee for Cause. If the Optionee's employment with the Company or any Subsidiary is terminated for "cause", as defined in ," the Plan, this Option will terminate on the effective date of the termination of the Optionee's employment and shall no longer be exercisable as to any of the remaining Option Shares. "Cause" shall have the definition given in the attached vesting schedule.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (Umpqua Holdings Corp)
