Other Termination of Employment. If Grantee's employment by the Cardinal Group terminates for any reason other than death, retirement or disability (subject to Section 10 of the Plan regarding acceleration of the vesting of the Option upon a Change of Control), any unexercised portion of the Option which has not vested on such date of termination will automatically terminate on the date of such termination. Unless otherwise determined by the Committee at or after grant or termination, Grantee (or any transferee, if applicable) will have 90 days (or such other period as the Committee may specify at or after grant or termination) from the date of termination or until the Grant Expiration Date, whichever period is shorter, to exercise any portion of the Option that is then vested and exercisable on the date of termination; provided, however, that if the termination was for Cause, as determined by the Committee, the Option may be immediately canceled by the Committee (whether then held by Grantee or any transferee).
Appears in 9 contracts
Samples: Nonqualified Stock Option Agreement (Cardinal Health Inc), Nonqualified Stock Option Agreement (Cardinal Health Inc), Nonqualified Stock Option Agreement (Cardinal Health Inc)
Other Termination of Employment. If Grantee's ’s employment by the Cardinal Group terminates for any reason other than death, retirement or disability (subject to Section 10 7 of the Plan regarding acceleration of the vesting of the Option upon a Change of Control), any unexercised portion of the Option which has not vested on such date of termination will automatically terminate on the date of such termination. Unless otherwise determined by the Committee at or after grant or termination, Grantee (or any transferee, if applicable) will have 90 days (or such other period as the Committee may specify at or after grant or termination) from the date of termination or until the Grant Expiration Date, whichever period is shorter, to exercise any portion of the Option that is then vested and exercisable on the date of termination; provided, however, that if the termination was for Cause, as determined by the Committee, the Option may be immediately canceled by the Committee (whether then held by Grantee or any transferee).
Appears in 3 contracts
Samples: Nonqualified Stock Option Agreement (Cardinal Health Inc), Nonqualified Stock Option Agreement (CareFusion Corp), Nonqualified Stock Option Agreement (CareFusion Corp)
Other Termination of Employment. If the Grantee's employment by the Cardinal Group terminates for any reason other than death, death or retirement or disability (subject to Section 10 of the Plan regarding acceleration of the vesting of the Option upon a Change of Control), any unexercised portion of the Option which has not vested on such date of termination will automatically terminate on the date of such termination. Unless otherwise determined by the Committee at or after grant or termination, the Grantee (or any transferee, if applicable) will have 90 ninety days (or such other period as the Committee may specify at or after grant or termination) from the date of termination or until the Grant Expiration Dateexpiration of the stated term of the Option, whichever period is shorter, to exercise any portion of the Option that is then vested and exercisable on the date of termination; provided, however, that if the termination was for Cause, as determined by the Committee, the Option may be immediately canceled by the Committee (whether then held by Grantee or any transferee).
Appears in 2 contracts
Samples: Nonqualified Stock Option Agreement (Cardinal Health Inc), Cardinal Health Inc
Other Termination of Employment. If Grantee's ’s employment by the Cardinal Group terminates for any reason other than death, retirement or disability (subject to Section 10 of the Plan regarding acceleration of the vesting of the Option upon a Change of Control), any unexercised portion of the Option which has not vested on such date of termination will automatically terminate on the date of such termination. Unless otherwise determined by the Committee at or after grant or termination, Grantee (or any transferee, if applicable) will have 90 days (or such other period as the Committee may specify at or after grant or termination) from the date of termination or until the Grant Expiration Date, whichever period is shorter, to exercise any portion of the Option that is then vested and exercisable on the date of termination; provided, however, that if the termination was for Cause, as determined by the Committee, the Option may be immediately canceled by the Committee (whether then held by Grantee or any transferee).
Appears in 2 contracts
Samples: Nonqualified Stock Option Agreement (Cardinal Health Inc), Nonqualified Stock Option Agreement (Cardinal Health Inc)
Other Termination of Employment. If the Grantee's employment by the Cardinal Group terminates for any reason other than death, retirement or disability (subject to Section 10 of the Plan regarding acceleration of the vesting of the Option upon a Change of Control), any unexercised portion of the Option which has not vested on such date of termination will automatically terminate on the date of such termination. Unless otherwise determined by the Committee at or after grant or termination, the Grantee (or any transferee, if applicable) will have 90 ninety days (or such other period as the Committee may specify at or after grant or termination) from the date of termination or until the Grant Expiration Dateexpiration of the stated term of the Option, whichever period is shorter, to exercise any portion of the Option that is then vested and exercisable on the date of termination; provided, however, that if the termination was for Cause, as determined by the Committee, the Option may be immediately canceled by the Committee (whether then held by Grantee or any transferee).
Appears in 1 contract
Samples: Cardinal Health Inc
Other Termination of Employment. If the Grantee's employment by the Cardinal Group terminates for any reason other than death, retirement retirement, disability, Incapacity or disability a termination without Cause (subject to Section 10 of the Plan regarding acceleration of the vesting of the Option upon a Change of Control), any unexercised portion of the Option which has not vested on such date of termination will automatically terminate on the date of such termination. Unless otherwise determined by the Committee at or after grant or termination, the Grantee (or any transferee, if applicable) will have 90 ninety days (or such other period as the Committee may specify at or after grant or termination) from the date of termination or until the Grant Expiration Dateexpiration of the stated term of the Option, whichever period is shorter, to exercise any portion of the Option that is then vested and exercisable on the date of termination; provided, however, that if the termination was for Cause, as determined by the Committee, the Option may be immediately canceled by the Committee (whether then held by Grantee or any transferee).
Appears in 1 contract