Termination of Employment Clause Example from Business Contracts

This example Termination of Employment clause appears in 4 contracts from 2 companies

Termination of Employment. The consequences of a termination of Optionee's Employment shall be as follows: (a) Termination for Reasons Other Than Cause. If the Optionee's Employment with the Company terminates for any reason other than Cause (as defined in Section 21 herein), the Optionee may exercise the vested portion of the Option, but only within such period of time ending on the earlier to occur of (i) the ninetieth (90th) day after the date the Optionee's Employment terminates and (ii) the Expiration Date; provided ...that, if the Optionee's Employment with the Company terminates for death or Disability (as defined in Section 21 herein), the Optionee's or the Optionee's beneficiary may exercise the vested portion of the Option, but only within such period of time ending on the earlier to occur of (i) the first (1st) anniversary of the date the Optionee's Employment terminates and (ii) the Expiration Date. (b) Termination for Cause. If the Optionee's Employment is terminated for Cause, the Option (whether then vested or exercisable or not) shall immediately lapse and cease to be exercisable. View More
Found in International Seaways, Inc. contract
International Seaways, Inc. Contracts

Form of INSW Management Incentive Compensation Plan (MICP) Alternate Stock Option Grant Agreements (Filed With SEC on May 7, 2018)

INTERNATIONALSEAWAYS, INC. MANAGEMENT INCENTIVE COMPENSATION PLAN FORM OF STOCK OPTION GRANT AGREEMENT (Filed With SEC on March 31, 2017)

OVERSEAS SHIPHOLDING GROUP INC Contracts

OVERSEAS SHIPHOLDING GROUP, INC. MANAGEMENT INCENTIVE COMPENSATION PLAN STOCK OPTION GRANT AGREEMENT (Filed With SEC on September 24, 2014)

OVERSEAS SHIPHOLDING GROUP, INC. MANAGEMENT INCENTIVE COMPENSATION PLAN STOCK OPTION GRANT AGREEMENT (Filed With SEC on September 24, 2014)