Transfer and Termination. This Option is not transferable by the Holder otherwise than by will or under the laws of descent and distribution. This Option is exercisable, during the Holder's lifetime, only by the Holder, and by the Holder only while the Holder is providing services to the Company, except that if the Holder's services with the Company terminates for any reason other than death, Disability (as defined in the Plan), Normal Retirement (as defined in the Plan) or for Cause, the Holder shall have the right to exercise this Option within thirty (30) days after the date of such termination of services (but not later than the expiration date of this Option) with respect to shares which were purchasable by the Holder by exercise of this Option at the time of said termination of services.
Transfer and Termination. This option is not transferable by the Holder otherwise than by will or under the laws of descent and distribution. The granting of this option shall not impose upon the Company any obligation to employ or to continue to employ the Holder. The right of the Company to terminate the employment of the Holder shall not be diminished or affected by reason of the fact that this option has been granted to such Holder. This Option is exercisable, during the Holder's lifetime, only by the Holder, and by the Holder only while the Holder is an employee of the Company, except that if the Holder's employment by the Company terminates for any reason other than death, Disability (as defined in the Plan) or for Cause, the Holder shall have the right to exercise this Option within thirty (30) days after the date of such termination of employment (but not later than the expiration date of this Option) with respect to shares which were purchasable by the Holder by exercise of this Option at the time of said termination of employment.
Transfer and Termination. Sick leave is provided by the County in the nature of insurance against loss of income due to illness.
Transfer and Termination. This option is not transferable by the Holder otherwise than by will or the laws of descent and distribution. This option shall terminate on the earliest to occur of:
Transfer and Termination. This option is not transferable by the Holder otherwise than by will or the laws of descent and distribution, unless approved by the Company in writing. In the event the Holder's employment, directorship or consultancy is terminated by the Company for Cause (as defined below), the Participant's right to exercise any unexercised portion of the Option shall cease immediately as of the date of termination, and the Option shall thereupon terminate. For purposes of this Agreement, the term Cause means (i) the conviction of the Holder of any felony involving moral turpitude, (ii) any acts of fraud or embezzlement by the Holder involving the Company or any of its Affiliates, 2 (iii) violation of any federal, state or local law, or administrative regulation related to the business of the Company, (iv) breach of fiduciary duty, including, but not limited to, conflict of interest, (v) conduct that could result in publicity reflecting unfavorably on the Company in a material way, or (vi) failure to comply with any written policies of the Company. Notwithstanding anything herein to the contrary, if subsequent to the Participant's termination, but prior to the exercise of the Option, the Board of Directors of the Company determines that, either prior or subsequent to the Holder's termination, the Holder engaged in conduct which would constitute Cause, then the Holder shall immediately cease to have any right to exercise the Option and the Option shall thereupon terminate.
Transfer and Termination. Optionee may not sell, pledge, assign, hypothecate, transfer, or otherwise dispose of all or any portion of the Option other than by will or the laws of descent and distribution.
Transfer and Termination. (a) An hourly employee transferred to salary will be eligible in accordance with Article 13 for a salaried vacation based on Company service if the employee has not received a payment in lieu of vacation during the current year.
Transfer and Termination a) No sale, transfer or assignment of this Agreement or of any interest herein shall be valid without the prior written consent of WFHM.
Transfer and Termination. 16.1 The Recipient may not assign or otherwise transfer any of its rights and obligations under this Agreement or sub-contract performance of its obligations without the prior written agreement of KCC.
Transfer and Termination. (Also refer to 7) NEW EMPLOYEES
