Common use of Other Terminations of Employment Clause in Contracts

Other Terminations of Employment. (i) If the Employee's employment is terminated by the Employee other than for Good Reason (as defined in the Employment Agreement), then all unvested Options shall automatically terminate and be cancelled (without any action on the part of the Company) on the date of such termination. All Options that have vested prior to such date shall remain exercisable until the earlier to occur of (A) the ninetieth day following such date and (B) the expiration of the Option Term.

Appears in 5 contracts

Samples: Stock Option Agreement (Samsonite Corp/Fl), Stock Option Agreement (Samsonite Corp/Fl), Stock Option Agreement (Samsonite Corp/Fl)

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Other Terminations of Employment. (i) If the Employee's employment is terminated by the Employee other than for Good Reason (as defined in the Employment Agreement), then all unvested Options shall automatically terminate and be cancelled canceled (without any action on the part of the Company) on the date of such termination. All Options that have vested prior to such date shall remain exercisable until the earlier to occur of (Ai) the ninetieth day following such date and (Bii) the expiration of the Option Term.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Samsonite Corp/Fl)

Other Terminations of Employment. (i) If the Employee's employment is terminated by the Employee other than for Good Reason (as defined in the Employment Agreementbelow), then all unvested Options shall automatically terminate and be cancelled canceled (without any action on the part of the Company) on the date of such termination. All Options that have vested prior to such date shall remain exercisable until the earlier to occur of (Ai) the ninetieth day following such date and (Bii) the expiration of the Option Term.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Samsonite Corp/Fl)

Other Terminations of Employment. (i) If the Employee's employment -------------------------------- with the Company is terminated by the Employee other than for Good Reason a reason described in paragraph (as defined in the Employment Agreementa), (b) (c) or (d) above, then all unvested Options shall automatically terminate and be cancelled canceled (without any action on the part of the Company) on the date of such termination. All Options that which have vested prior to such date shall remain exercisable until the earlier to occur of (Ai) the ninetieth day following such date and (Bii) the expiration of the Option Term.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Samsonite Corp/Fl)

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Other Terminations of Employment. (i) If the Employee's employment is terminated by the Employee other than for Good Reason (as defined in the Employment Agreement), then all unvested Options shall automatically terminate and be cancelled canceled (without any action on the part of the Company) on the date of such termination. All Options that have vested prior to such date shall remain exercisable until the earlier to occur of (A) the ninetieth day following such date and (B) the expiration of the Option Term.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Samsonite Corp/Fl)

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