Common use of Vested Options Clause in Contracts

Vested Options. Termination of Service for any Reason other than for Cause. With respect to those Options which are then exercisable (after taking into account any applicable accelerated or continued vesting treatment), in the event of your termination of service as a Nonemployee Director for any reason other than for Cause, at the Close of Business on the last day of the one-year period beginning on the Service Termination Date; provided, however, that if you die during such period, such Options will terminate at the Close of Business on the last day of the one-year period beginning on the date of your death.

Appears in 5 contracts

Samples: Nonqualified Stock Option Agreement (Liberty Media Corp), Nonqualified Stock Option Agreement (Qurate Retail, Inc.), Nonqualified Stock Option Agreement (Liberty Broadband Corp)

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