Termination of Service for Cause. If your Service is terminated by the Company for Cause or if you commit an act(s) of Cause while this Option is outstanding, as determined by the Committee in its sole discretion, then you shall immediately forfeit all rights to your Option without consideration, including any vested portion of the Option, and the entire Option shall immediately expire, and any rights, payments and benefits with respect to the Option shall be subject to reduction or recoupment in accordance with the Clawback Policy and the Plan. For avoidance of doubt, your Service shall also be deemed to have been terminated for Cause by the Company if, after your Service has otherwise terminated, facts and circumstances are discovered that would have justified a termination for Cause, including, without limitation, your violation of Company policies or breach of confidentiality or other restrictive covenants or conditions that may apply to you prior to or after your Termination Date.
Appears in 8 contracts
Samples: Nonstatutory Stock Option Agreement (CITIC Capital Acquisition Corp.), Incentive Stock Option Agreement (CITIC Capital Acquisition Corp.), Nonstatutory Stock Option Agreement (CITIC Capital Acquisition Corp.)
Termination of Service for Cause. If your Service is terminated by the Company for Cause or if you commit an act(s) of Cause while this Option is outstanding, as determined by the Committee in its sole discretion, then you shall immediately forfeit all rights to your Option without consideration, including any vested portion of the Option, and the entire Option shall immediately expire, and any rights, payments and benefits with respect to the Option shall be subject to reduction or recoupment in accordance with the Clawback Policy applicable Company policies and the Plan. For avoidance of doubt, your Service shall also be deemed to have been terminated for Cause by the Company if, after your Service has otherwise terminated, facts and circumstances are discovered that would have justified a termination for Cause, including, without limitation, your violation of Company policies or breach of confidentiality or other restrictive covenants or conditions that may apply to you prior to or after your Termination Date.
Appears in 8 contracts
Samples: Nonstatutory Stock Option Agreement (GAN LTD), Incentive Stock Option Agreement (GAN LTD), Nonstatutory Stock Option Agreement (Diodes Inc /Del/)
Termination of Service for Cause. If your Service is terminated by the Company for Cause or if you commit an act(s) of Cause while this Option is the unvested Stock Units are outstanding, as determined by the Committee in its sole discretion, then you shall immediately forfeit all rights to your Option unvested Stock Units without consideration, including any vested portion of the Option, and the entire Option unvested Stock Units shall immediately expire, and any rights, payments and benefits with respect to the Option unvested Stock Units shall be subject to reduction or recoupment in accordance with the Clawback Policy applicable Company policies and the Plan. For avoidance of doubt, your Service shall also be deemed to have been terminated for Cause by the Company if, after your Service has otherwise terminated, facts and circumstances are discovered that would have justified a termination for Cause, including, without limitation, your violation of Company policies or breach of confidentiality or other restrictive covenants or conditions that may apply to you prior to or after your Termination Date.
Appears in 5 contracts
Samples: Diodes Incorporated (Diodes Inc /Del/), Employment Agreement (Diodes Inc /Del/), Diodes Incorporated (Diodes Inc /Del/)
Termination of Service for Cause. If your Service is terminated by the Company for Cause or if you commit an act(s) of Cause while this Option SAR is outstanding, as determined by the Committee in its sole discretion, then you shall immediately forfeit all rights to your Option SAR without consideration, including any vested portion of the OptionSAR, and the entire Option SAR shall immediately expire, and any rights, payments and benefits with respect to the Option SAR shall be subject to reduction or recoupment in accordance with the Clawback Policy and the Plan. For avoidance of doubt, your Service shall also be deemed to have been terminated for Cause by the Company if, after your Service has otherwise terminated, facts and circumstances are discovered that would have justified a termination for Cause, including, without limitation, your violation of Company policies or breach of confidentiality or other restrictive covenants or conditions that may apply to you prior to or after your Termination Date.
Appears in 1 contract
Samples: Sar Agreement (Lifevantage Corp)