Common use of Termination of Employment by the Corporation Other Than For Cause Clause in Contracts

Termination of Employment by the Corporation Other Than For Cause. If Employment of the Optionee is terminated by the Corporation or any of its Affiliates for any reason other than Cause, the Option shall expire upon the earlier of (i) 90 days following the date of termination of Employment or (ii) expiration of the Option Period.

Appears in 11 contracts

Samples: Nonqualified Stock Option Award Agreement (Marathon Petroleum Corp), Nonqualified Stock Option Award Agreement (Marathon Oil Corp), Nonqualified Stock Option Award Agreement (Marathon Petroleum Corp)

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Termination of Employment by the Corporation Other Than For Cause. If Employment of the Optionee is terminated by the Corporation or any of its Affiliates Subsidiaries for any reason other than Cause, the Option shall expire upon the earlier of (i) 90 days following the date of termination of Employment or (ii) expiration of the Option Period.

Appears in 3 contracts

Samples: Nonqualified Stock Option Award Agreement (Marathon Oil Corp), Nonqualified Stock Option Award Agreement (Marathon Oil Corp), Nonqualified Stock Option Award Agreement (Marathon Oil Corp)

Termination of Employment by the Corporation Other Than For Cause. If Employment of the Optionee is terminated by the Corporation or any of its Affiliates affiliates for any reason other than Cause, the Option shall expire upon the earlier of (i) 90 ninety (90) days following the date of termination of Employment or (ii) expiration of the Option Period.

Appears in 2 contracts

Samples: Nonqualified Stock Option Award Agreement (Marathon Petroleum Corp), Nonqualified Stock Option Award Agreement (Marathon Petroleum Corp)

Termination of Employment by the Corporation Other Than For Cause. If Employment of the Optionee Participant is terminated by the Corporation or any of its Affiliates affiliates for any reason other than Cause, the Option shall expire upon the earlier of (i) 90 days following the date of termination of Employment or (ii) expiration of the Option Period.

Appears in 2 contracts

Samples: Nonqualified Stock Option Award Agreement (Marathon Petroleum Corp), Nonqualified Stock Option Award Agreement (Marathon Petroleum Corp)

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Termination of Employment by the Corporation Other Than For Cause. If Employment of the Optionee is terminated by the Corporation or any of its Affiliates Subsidiaries for any reason other than Cause, the exercisable portion of the Option shall expire upon the earlier of (i) 90 days following the date of termination of Employment or (ii) expiration of the Option Period.

Appears in 1 contract

Samples: Nonqualified Stock Option Award Agreement (Marathon Oil Corp)

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