Common use of Termination of Option upon a Termination of Participant’s Employment or Services Clause in Contracts

Termination of Option upon a Termination of Participant’s Employment or Services. Subject to earlier termination on the Expiration Date of the Option or pursuant to Section 4.1 above, if the Participant ceases to be employed by or ceases to provide services to the Corporation or a Subsidiary, the following rules shall apply (the last day that the Participant is employed by or provides services to the Corporation or a Subsidiary is referred to as the Participant’s “Severance Date”):

Appears in 6 contracts

Samples: Nonqualified Stock Option Agreement (Lions Gate Entertainment Corp /Cn/), Nonqualified Stock Option Agreement (Lions Gate Entertainment Corp /Cn/), Nonqualified Stock Option Agreement (Lions Gate Entertainment Corp /Cn/)

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