Common use of Notwithstanding Section 4 Clause in Contracts

Notwithstanding Section 4. 1.1 above, in accordance with the provisions of the Plan, if the Optionee dies while employed by the Corporation or a Subsidiary of the Corporation (or dies within a period of one month after ceasing to be an employee for any reason other than Disability or within a period of one year after ceasing to be an employee by reason of Disability), the unexercised portion of any Option held by such Optionee at the time of death will become immediately vested and will be exercisable until terminated in accordance with Section 4.3 below.

Appears in 7 contracts

Samples: Stock Option Agreement (Aci Worldwide, Inc.), Stock Option Agreement (Aci Worldwide, Inc.), Stock Option Agreement (Aci Worldwide, Inc.)

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