Employment Termination Due to Transfer of Business to Successor Employer. If the Participant’s employment with the Company or any of its Affiliates terminates as a result of employment by a successor employer to which the Company has transferred a business operation, then any unexercisable Options shall become immediately exercisable, and any unexercised Options shall expire 5 years after termination of employment or on the Expiration Date, whichever date occurs first.
Appears in 5 contracts
Samples: Ge Company Stock Option Award Agreement (Baker Hughes a GE Co), Stock Option Award Agreement (Bear Newco, Inc.), Stock Option Award Agreement (Bear Newco, Inc.)
Employment Termination Due to Transfer of Business to Successor Employer. If the ParticipantGrantee’s employment with the Company or any of its Affiliates affiliates terminates as a result of employment by a successor employer to which the Company has transferred a business operation, then any unexercisable Options shall become immediately exercisable, and any unexercised Options shall expire 5 years after termination of employment or on the Expiration Date, whichever date occurs first.
Appears in 3 contracts
Samples: Stock Option Grant Agreement (Universal City Travel Partners), Stock Option Grant Agreement (Universal City Travel Partners), Stock Option Grant Agreement (Universal City Travel Partners)
Employment Termination Due to Transfer of Business to Successor Employer. If the Participant’s Grantee's employment with the Company or any of its Affiliates affiliates terminates as a result of employment by a successor employer to which the Company has transferred a business operation, then any unexercisable Options shall become immediately exercisable, and any unexercised Options shall expire 5 years after termination of employment or on the Expiration Date, whichever date occurs first.
Appears in 2 contracts
Samples: Stock Option Grant Agreement (General Electric Co), General Electric Co
Employment Termination Due to Transfer of Business to Successor Employer. If the Participant’s employment with the Company or any of its Affiliates terminates as a result of employment by a successor employer to which the Company has transferred a business operation, then any unexercisable Options the Option shall become immediately exercisable, and any unexercised Options the Option shall expire 5 five years after termination of employment or on the Expiration Date, whichever date occurs first.
Appears in 1 contract
Samples: Baker Hughes a GE Co
