Involuntary Termination of Employment. The Option granted under this Agreement shall automatically terminate after the involuntary termination of employment (as hereinafter defined) of the Optionee with the Corporation. For purposes of this Agreement, “Involuntary Termination of Employment” shall mean any termination of the Optionee’s employment with the Corporation by reason of being discharged, firing or other involuntary termination of an Optionee’s employment by action of the Corporation.
Appears in 6 contracts
Samples: Employee Incentive Stock Option Agreement (Plains Capital Corp), Employee Incentive Stock Option Agreement (Plains Capital Corp), Employee Incentive Stock Option Agreement (Plains Capital Corp)
