Termination of Employment Clause Example from Business Contracts

Termination of Employment. Upon termination of the Employee's employment for any reason other than death, permanent and total disability or Cause (as defined below), then all unvested Shares shall be forfeited by the Employee as of the date of termination and he or she may exercise the Stock Option, to the extent that it is then vested, within three (3) months after the date of the Employee's termination (but in no event later than the Expiration Date), except to the extent a severance plan applicable to the Employee prov...ides otherwise. View More