Common use of Service Termination Clause in Contracts

Service Termination. Any unvested portion of the Option shall be forfeited immediately without consideration upon the termination of the Participant’s Service for any reason. In the event the Participant’s Service is terminated for Cause, the Vested Portion of the Option shall also be forfeited immediately without consideration upon such termination.

Appears in 3 contracts

Samples: Nonqualified Stock Option Award Agreement (Bojangles', Inc.), Nonqualified Stock Option Award Agreement (Bojangles', Inc.), Nonqualified Stock Option Award Agreement (Bojangles', Inc.)

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Service Termination. Any unvested portion of the Option shall be forfeited immediately without consideration upon the termination of the Participant’s Service for any reason. In the event the Participant’s Service is terminated for Cause, the Vested Portion of the Option shall also be forfeited immediately without consideration upon such termination.. EXAMPLE

Appears in 2 contracts

Samples: Nonqualified Stock Option Award Agreement (Cotiviti Holdings, Inc.), Nonqualified Stock Option Award Agreement (Cotiviti Holdings, Inc.)

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