Termination for Misconduct. Should the Participant’s Service be terminated for Misconduct or should the Participant engage in Misconduct while the Option is outstanding, then the Option shall terminate immediately and cease to be outstanding. In the event the Participant’s Service is suspended pending an investigation of whether the Participant’s Service will be terminated for Misconduct, all of the Participant’s rights under the Option, including the right to exercise the Option, shall be suspended during the investigation period.
Appears in 3 contracts
Sources: Stock Option Grant Agreement (Silicon Laboratories Inc), Stock Option Grant Agreement (Silicon Laboratories Inc), Stock Option Agreement (Silicon Laboratories Inc)