Common use of Expiration of Options Clause in Contracts

Expiration of Options. (a) The Option shall immediately lapse upon the termination of the Optionee’s employment, subject to, and except as otherwise specified within, the terms and conditions of Section 3.2 above.

Appears in 6 contracts

Samples: Option Agreement (Willis Group Holdings PLC), Option Agreement (Willis Group Holdings PLC), Share Option Award Agreement (Willis Group Holdings PLC)

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Expiration of Options. (a) The Option shall immediately lapse upon the termination of the Optionee’s employment, subject to, to and except as otherwise specified within, the terms and conditions of Section 3.2 3.1, above.

Appears in 2 contracts

Samples: Option Agreement (Willis Group Holdings PLC), Option Agreement (Willis Group Holdings PLC)

Expiration of Options. (a) The Option shall immediately lapse upon the termination of the Optionee’s employment, subject to, and except as otherwise specified within, the terms and conditions of Section 3.2 above.

Appears in 1 contract

Samples: Option Agreement (Willis Group Holdings LTD)

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Expiration of Options. (a) The unvested portion of the Option shall immediately lapse upon the Optionee’s termination of the Optionee’s employment, subject to, and except as otherwise specified within, the terms and conditions of Section 3.2 3.1, above.

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement (Willis Group Holdings PLC)

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