Termination Due to Other Reasons. If the Grantee’s employment with the Company or any of its affiliates terminates for any other reason, and the Grantee and the Company have not entered into a written separation agreement explicitly providing otherwise in accordance with rules and procedures adopted by the Committee, then no unexercisable Options shall become exercisable and any unexercised Options which are exercisable on the date of termination shall expire 3 months after such termination or on the Expiration Date, whichever date occurs first.
Appears in 3 contracts
Samples: Stock Option Grant Agreement (Universal City Travel Partners), Stock Option Grant Agreement (Universal City Travel Partners), Stock Option Grant Agreement (Universal City Travel Partners)
Termination Due to Other Reasons. If the Grantee’s employment service with the Company or any of its affiliates terminates for any other reason, and the Grantee and the Company have not entered into a written separation agreement explicitly providing otherwise in accordance with rules and procedures adopted by the Committee, then no unexercisable Options shall become exercisable and any unexercised Options which are exercisable on the date of termination shall expire 3 months after such termination or on the Expiration Date, whichever date occurs first, provided however, that if the Grantee dies before the earlier of such dates, then the Options which are exercisable on the date of termination of service shall not expire until 2 years after the Grantee’s death.
Appears in 2 contracts
Samples: Stock Option Grant Agreement (Universal City Travel Partners), Universal City Travel Partners
Termination Due to Other Reasons. If the Grantee’s 's employment with the Company or any of its affiliates terminates for any other reason, and the Grantee and the Company have not entered into a written separation agreement explicitly providing otherwise in accordance with rules and procedures adopted by the Committee, then no unexercisable Options shall become exercisable and any unexercised Options which are exercisable on the date of termination shall expire 3 months after such termination or on the Expiration Date, whichever date occurs first.
Appears in 2 contracts
Samples: Stock Option Grant Agreement (General Electric Co), General Electric Co
Termination Due to Other Reasons. If the Grantee’s employment service with the Company or any of its affiliates terminates for any other reason, and the Grantee and the Company have not entered into a written separation agreement explicitly providing otherwise in accordance with rules and procedures adopted by the Committee, then no unexercisable Options shall become exercisable and any unexercised Options which are exercisable on the date of termination shall expire 3 months after such termination or on the Expiration Date, whichever date occurs first.
Appears in 1 contract
Samples: Stock Option Grant Agreement (Universal City Travel Partners)
Termination Due to Other Reasons. If the Grantee’s employment 's service with the Company or any of its affiliates terminates for any other reason, and the Grantee and the Company have not entered into a written separation agreement explicitly providing otherwise in accordance with rules and procedures adopted by the Committee, then no unexercisable Options shall become exercisable and any unexercised Options which are exercisable on the date of termination shall expire 3 months after such termination or on the Expiration Date, whichever date occurs first, provided however, that if the Grantee dies before the earlier of such dates, then the Options which are exercisable on the date of termination of service shall not expire until 2 years after the Grantee's death.
Appears in 1 contract
