Termination Clause Example with 12 Variations from Business Contracts

Termination. Subject to the terms of the Plan and this Agreement, the Option, to Option shall be treated in accordance with the extent vested at the time of the Participant's Termination, shall remain exercisable as follows: following: (a) Termination due to Death or Disability. In the event of the Participant's Termination by reason of death or Disability, 50% of the unvested portion of the Option shall vest, and the vested portion of the Option shall remain exercisable until the earlier of (i) one (1) year... two (2) years from the date of such Termination, and Termination or (ii) the expiration of the stated term of the Option pursuant to Section 3(d) hereof; provided, however, that 4 hereof. (b) In the event of Participant's involuntary Termination without Cause, or Participant's voluntary Termination for Good Reason, the Option shall vest in the case of a Termination due to Disability, if the Participant dies within such one (1) year exercise period, any unexercised Option held by the Participant its entirety and shall thereafter be remain exercisable by the legal representative of the Participant's estate, to the extent to which it was exercisable at the time of death, for a period of one (1) year from the date of death, but in no event beyond until the expiration of the stated term of the Option pursuant to Section 3(d) 4 hereof. 2 (b) Involuntary Termination Without Cause. (c) In the event of the Participant's involuntary voluntary Termination by the Company without Cause, Good Reason (other than a voluntary Termination described in Section 5(d) below), the vested portion of the Option shall remain exercisable until the earlier of (i) ninety (90) days from the date of such Termination, and Termination or (ii) the expiration of the stated term of the Option pursuant to Section 3(d) 4 hereof. (c) Voluntary Resignation. (d) In the event of the Participant's voluntary Termination (other than a voluntary Termination described in Section 4(d) hereof), the vested portion of the Option shall remain exercisable until the earlier of (i) thirty (30) days from the date of such Termination, and (ii) the expiration of the stated term of the Option pursuant to Section 3(d) hereof. (d) Termination for Cause. In the event of the Participant's Termination for Cause or in the event of the Participant's voluntary Termination (as provided in Section 4(c) hereof) without Good Reason within ninety (90) days after an event that would be grounds for a Termination for Cause, the Participant's entire Option (whether or not vested) shall terminate and expire upon such Termination. (e) Treatment of Unvested Options upon Termination. Any portion of the Option that is not vested as of the date of the Participant's Termination for any reason shall terminate and expire as of the date of such Termination. (e) Notwithstanding the foregoing, the Option shall immediately vest and become exercisable, and shall remain exercisable for the remaining term of the Option, if (1) a Change in Control occurs, and (2) either (A) within 24 months, Participant incurs an involuntary Termination without Cause or a voluntary Termination for Good Reason, or (B) the successor entity does not assume or substitute the Option. (f) For purposes of this Agreement, "Good Reason" shall mean any of the following events that occurs without Participant's consent and that is not cured by the Company within thirty (30) days after the Company's receipt of written notice from Participant specifying the event claimed to be Good Reason: (i) a material diminution in Participant's title, duties, authorities or responsibilities or the assignment to Participant of duties or responsibilities that are materially adversely inconsistent with Participant's position; (ii) a material breach of this Agreement by the Company; or (iii) a requirement by the Company that Participant's principal place of work be moved to a location more than fifty (50) miles away from its current location. Participant shall be required to provide the Company with written notice of Participant's Termination of employment for Good Reason no later than forty-five (45) days after the occurrence of the event that constitutes Good Reason. View More

Termination. Except as provided in Section 3(b), in the event of the Participant's termination of employment with the Company and its Subsidiaries ("Termination") for any or no reason, any portion of the SAR that is not then vested, shall immediately terminate and expire as of the date of such Termination. Subject to the terms of the Plan and this Agreement, the Option, SAR, to the extent vested at the time of the Participant's Termination, vested, shall remain exercisable as follows: (a) Termination due to ...Death or Disability. In the event of the Participant's Termination by reason of death or Disability, the vested portion of the Option SAR shall remain exercisable until the earlier later of (i) one (1) year twelve (12) months from the date of such Termination, Termination and (ii) the expiration of the stated term of the Option pursuant to Section 3(d) hereof; provided, however, that in the case of a Termination due to Disability, if the Participant dies within such one (1) year exercise period, any unexercised Option held by the Participant shall thereafter be exercisable by the legal representative of the Participant's estate, to the extent to which it was exercisable at the time of death, for a period of one (1) year five (5) years from the date of death, Grant Date, but in no event beyond the expiration of the stated term of the Option SAR pursuant to Section 3(d) hereof. 2 (b) Involuntary Termination Without Cause. In Except as otherwise provided in Section 4(f), in the event of the Participant's involuntary Termination by the Company or the relevant Subsidiary without Cause, the vested portion of the Option SAR shall remain exercisable until the earlier later of (i) ninety (90) days twelve (12) months from the date of such Termination, Termination and (ii) five (5) years from the Grant Date, but in no event beyond the expiration of the stated term of the Option SAR pursuant to Section 3(d) hereof. (c) Voluntary Resignation. Termination. In the event of the Participant's voluntary Termination (other than a voluntary Termination described in Section 4(d) or 4(f) hereof), the vested portion of the Option SAR shall remain exercisable until the earlier of (i) thirty (30) days from the date of such Termination, Termination and (ii) the expiration of the stated term of the Option SAR pursuant to Section 3(d) hereof. (d) Termination for Cause. In the event of the Participant's Termination for Cause or in the event of the Participant's voluntary Termination (as provided in Section 4(c) hereof) after an event that would be grounds for a Termination for Cause, the Participant's entire Option SAR (whether or not vested) shall terminate and expire upon such Termination. (e) Treatment of Unvested Options SAR upon Termination. Any Retirement. In the event of the Participant's voluntary Termination on or after the Participant has attained (i) 65 years of age, or (ii) 60 years of age and completed at least ten years of service with the Company or any of its Subsidiaries, the vested portion of the Option that is not vested as SAR shall remain exercisable until the later of (i) twelve (12) months from the date of such Termination and (ii) five (5) years from the Grant Date, but in no event beyond the expiration of the date stated term of the SAR pursuant to Section 3(d) hereof. 3 (f) Treatment upon a Change in Control Termination. In the event of the Participant's Termination for any reason shall terminate and expire as a result of a Change in Control Termination (as defined below), the vested portion of the date SAR shall remain exercisable until the expiration of the stated term of the SAR pursuant to Section 3(d) hereof. For purposes of this Section 4(f), "Change in Control Termination" means (i) the Participant's Termination without Cause within twelve (12) months following a Change in Control, or (ii) the Participant's Termination within twelve (12) months following a Change in Control pursuant to [Section 8(d)(i)(1), (2), or (3)] of that certain Employment Agreement entered into between Employee and Employer, dated [ ] // Section 3(a), (b) or (c) of that certain Change in Control Agreement entered into between Employee and Employer, dated [ ]].5. METHOD OF EXERCISE. To the extent that all or a portion of the SAR has become vested and exercisable, such Termination. portion of the SAR may thereafter be exercised by the Participant, in whole or in part, at any time or from time to time prior to the expiration of the SAR as provided herein and in accordance with Sections 7.2 and 7.3 of the Plan, including, without limitation, by the filing of any written form of exercise notice as may be required by the Committee. Upon exercise of all or a portion of the SAR, either shares, cash, or a combination thereof, as provided in Section 2 hereof, will be transferred to the Participant, subject to Section 8. View More

Termination. Subject to the terms of the Plan and this Agreement, the Option, to the extent vested at the time of the Participant's Termination, shall remain exercisable as follows: (a) Termination due to Death or Disability. In the event of the Participant's Termination by reason of death or Disability, the vested portion of the Option shall remain exercisable until the earlier of (i) one (1) year from the date of such Termination, and (ii) the expiration of the stated term of the Option pursuant to Section... 3(d) hereof; provided, however, that in the case of a Termination due to Disability, if the Participant dies within such one (1) year exercise period, any unexercised Option held by the Participant shall thereafter be exercisable by the legal representative of the Participant's estate, to the extent to which it was exercisable at the time of death, for a period of one (1) year from the date of death, but in no event beyond the expiration of the stated term of the Option pursuant to Section 3(d) hereof. 2 (b) Involuntary Termination Without Cause. Cause; Voluntary Termination by Participant. In the event of the Participant's involuntary Termination by the Company without Cause, Cause or a voluntary Termination by the vested portion of the Option Participant, Unrestricted Options (as defined below) shall remain exercisable until the earlier of (i) ninety (90) days from the date of such Termination, Termination and (ii) the expiration of the stated term of the Option pursuant to Section 3(d) hereof. (c) Voluntary Resignation. Termination for Cause. In the event of the Participant's voluntary Termination (other than a voluntary for Cause, the Participant's entire Option shall terminate and expire upon such Termination. (d) Restricted Options. Subject to Section 4(a), upon the Participant's Termination described in Section 4(d) hereof), for any reason, the vested portion of the Option Restricted Options (as defined below) shall remain exercisable until the earlier of (i) thirty (30) five (5) days from the date of such Termination, Termination and (ii) the expiration of the stated term of the Option pursuant to Section 3(d) hereof. (d) Termination for Cause. In 3(d). 2 5. Method of Exercise and Payment. Subject to Section 9 hereof, the event Option may thereafter be exercised by the Participant, in whole or in part, at any time or from time to time prior to the expiration of the Participant's Termination for Cause or Option as provided herein and in the event accordance with Sections 6.4(c) and 6.4(d) of the Participant's voluntary Termination (as provided Plan, including, without limitation, by the filing of any written form of exercise notice as may be required by the Committee and payment in Section 4(c) hereof) after an event that would be grounds for a Termination for Cause, full of the Participant's entire Option (whether or not vested) shall terminate and expire upon such Termination. (e) Treatment Per Share Exercise Price specified above multiplied by the number of Unvested Options upon Termination. Any shares of Common Stock underlying the portion of the Option that is not vested as exercised; provided that, notwithstanding anything to the contrary set forth herein, the Participant must pay the full Per Share Exercise Price in cash with respect to the portion of the date Options that are not considered to be Unrestricted Options (such Options, "Restricted Options"). For this purpose: (i) (A) 20% of the Option shall be Unrestricted Options on the first anniversary of the Effective Date if the Participant is then employed by the Company, (B) an additional 25% of the Options shall be Unrestricted Options on the second anniversary of the Effective Date if the Participant is then employed by the Company, (C) an additional 25% of the Options shall be Unrestricted Options on the third anniversary of the Effective Date if the Participant is then employed by the Company and (D) an additional 30% of the Options shall be Unrestricted Options on the fourth anniversary of the Effective Date if the Participant is then employed by the Company and (ii) 100% of the Options shall be Unrestricted Options upon (A) the occurrence of a Change in Control described in clause (a) or (c) of the definition thereof if the Participant is then employed by the Company or (B) the termination of the Participant's Termination for employment with the Company due to death or Disability. For purposes hereof, the Participant shall be required to exercise all Unrestricted Options before exercising any reason shall terminate and expire as of the date of such Termination. Restricted Options. View More

Termination. Subject to the terms of the Plan and this Agreement, the Option, to the extent vested at the time of the Participant's Termination, termination, shall remain exercisable as follows: (a) Termination due to Death or Disability. In (a)In the event of the Participant's Termination termination by reason of death or Disability, the vested portion of the Option shall remain exercisable until the earlier of (i) one (1) year from the date of such Termination, and termination or (ii) the expiration of the... stated term of the Option pursuant to Section 3(d) hereof; provided, however, that in the case of a Termination due to Disability, if the Participant dies within such one (1) year exercise period, any unexercised Option held by the Participant shall thereafter be exercisable by the legal representative of the Participant's estate, to the extent to which it was exercisable at the time of death, for a period of one (1) year from the date of death, but in no event beyond the expiration of the stated term of the Option pursuant to Section 3(d) 4 hereof. 2 (b) Involuntary Termination Without Cause. In the event of the Participant's involuntary Termination by the Company termination without Cause, the vested portion of the Option shall remain exercisable until the earlier of (i) ninety (90) days three (3) months from the date of such Termination, and termination or (ii) the expiration of the stated term of the Option pursuant to Section 3(d) 4 hereof. 3 (c) Voluntary Resignation. In the event of the Participant's voluntary Termination termination (other than a voluntary Termination termination described in Section 4(d) hereof), 5(d) below), the vested portion of the Option shall remain exercisable until the earlier of (i) thirty (30) days from the date of such Termination, and termination or (ii) the expiration of the stated term of the Option pursuant to Section 3(d) 4 hereof. (d) Termination for Cause. In the event of the Participant's Termination termination for Cause or in the event of the Participant's voluntary Termination (as provided in Section 4(c) hereof) termination within ninety (90) days after an event that would be grounds for a Termination termination for Cause, the Participant's entire Option (whether or not vested) shall terminate and expire upon such Termination. (e) Treatment of Unvested Options upon Termination. Any termination. Unless otherwise set forth in an agreement between the Participant and the Employer, any portion of the Option that is not vested as of the date of the Participant's Termination termination for any reason shall terminate and expire as of the date of such Termination. termination. View More

Termination. Subject to the terms of the Plan and this Agreement, the Option, to the extent vested at the time of the Participant's Termination, termination, shall remain exercisable as follows: (a) Termination due to Death or Disability. In (a)In the event of the Participant's Termination termination by reason of death or Disability, the vested portion of the Option shall remain exercisable until the earlier of (i) one (1) year from the date of such Termination, and termination or (ii) the expiration of the... stated term of the Option pursuant to Section 3(d) hereof; provided, however, that in 4 hereof. (b)In the case event of a Termination due to Disability, if Qualifying Retirement, the Participant dies within such one (1) year exercise period, any unexercised Option held by the Participant shall thereafter be exercisable by the legal representative vested portion of the Participant's estate, to the extent to which it was Option shall remain exercisable at the time of death, for a period of one (1) year from the date of death, but in no event beyond until the expiration of the stated term of the Option pursuant to Section 3(d) 4 hereof. 2 (b) Involuntary Termination Without Cause. (c) In the event of the Participant's involuntary Termination by the Company termination without Cause, the vested portion of the Option shall remain exercisable until the earlier of (i) ninety (90) days three (3) months from the date of such Termination, and termination or (ii) the expiration of the stated term of the Option pursuant to Section 3(d) 4 hereof. (c) Voluntary Resignation. (d) In the event of the Participant's voluntary Termination termination (other than a voluntary Termination termination described in Section 4(d) hereof), 5(e) below), the vested portion of the Option shall remain exercisable until the earlier of (i) thirty (30) days from the date of such Termination, and termination or (ii) the expiration of the stated term of the Option pursuant to Section 3(d) 4 hereof. (d) Termination for Cause. (e) In the event of the Participant's Termination termination for Cause or in the event of the Participant's voluntary Termination (as provided in Section 4(c) hereof) termination within ninety (90) days after an event that would be grounds for a Termination termination for Cause, the Participant's entire Option (whether or not vested) shall terminate and expire upon such Termination. (e) Treatment of Unvested Options upon Termination. Any termination. Unless otherwise set forth in an agreement between the Participant and the Employer, any portion of the Option that is not vested as of the date of the Participant's Termination termination for any reason shall terminate and expire as of the date of such Termination. termination. View More

Termination. Subject to the terms of the Plan and this Agreement, the Option, to the extent vested at the time of the Participant's Termination, shall remain exercisable as follows: (a) Termination due to Death or Disability. In the event of the Participant's Termination by reason of death or Disability, the vested portion of the this Option shall remain exercisable until the earlier of (i) one (1) year from the date of such Termination, and (ii) the expiration of the stated term of the Option pursuant to Se...ction 3(d) hereof; provided, however, that in the case of a Expiration Date. (b) Termination due to Disability, if the Participant dies within such one (1) year exercise period, any unexercised Option held by the Participant shall thereafter be exercisable by the legal representative of the Participant's estate, to the extent to which it was exercisable at the time of death, for a period of one (1) year from the date of death, but in no event beyond the expiration of the stated term of the Option pursuant to Section 3(d) hereof. 2 (b) Involuntary Termination Without without Cause. In the event of the Participant's involuntary Termination by the Company without Cause, the vested portion of the this Option shall remain exercisable until the earlier of (i) ninety (90) days from the date of such Termination, and (ii) the expiration of the stated term of the Option pursuant to Section 3(d) hereof. Expiration Date. 2 (c) Voluntary Resignation. Termination. In the event of the Participant's voluntary Termination (other than a voluntary Termination described in Section 4(d) hereof), Termination, the vested portion of the this Option shall remain exercisable until the earlier of (i) thirty (30) days from the date of such Termination, and (ii) the expiration of the stated term of the Option pursuant to Section 3(d) hereof. Expiration Date. (d) Termination for Cause. In the event of the Participant's Termination by the Company for Cause or (or in the event of the Participant's a voluntary Termination (as provided in Section 4(c) hereof) by the Participant after the occurrence of an event that would be grounds for a Termination for Cause, Cause), the Participant's entire Option granted hereunder (whether or not vested) shall terminate and expire upon such Termination. (e) Treatment of Unvested Options Option upon Termination. Any portion of the this Option that is not vested as of the date of the Participant's Termination for any reason shall terminate and expire as of the date of such Termination. View More

Termination. Subject to the terms of the Plan and this Agreement, the Option, to the extent vested at the time of the Participant's Termination, shall remain exercisable as follows: (a) Termination due to Death or Disability. In the event of the Participant's Termination by reason of death or Disability, the vested portion of the this Option shall remain exercisable until the earlier of (i) one (1) year from the date of such Termination, and (ii) the expiration of the stated term of the Option pursuant to Se...ction 3(d) hereof; provided, however, that in the case of a Termination due to Disability, if the Participant dies within such one (1) year exercise period, any unexercised Option held by the Participant shall thereafter be exercisable by the legal representative of the Participant's estate, to the extent to which it was exercisable at the time of death, for a period of one (1) year from the date of death, but in no event beyond the expiration of the stated term of the Option pursuant to Section 3(d) 3 hereof. 2 3 (b) Involuntary Termination Without Cause. In the event of the Participant's involuntary Termination by the Company without Cause, the vested portion of the this Option shall remain exercisable until the earlier of (i) ninety (90) days from the date of such Termination, and (ii) the expiration of the stated term of the Option pursuant to Section 3(d) 3 hereof. (c) Voluntary Resignation. Termination. In the event of the Participant's voluntary Termination (other than a voluntary Termination described in Section 4(d) hereof), Termination, the vested portion of the this Option shall remain exercisable until the earlier of (i) thirty (30) ninety (90) days from the date of such Termination, and (ii) the expiration of the stated term of the Option pursuant to Section 3(d) 3 hereof. (d) Termination for Cause. In the event of the Participant's Termination for Cause or in by the event of the Participant's voluntary Termination (as provided in Section 4(c) hereof) after an event that would be grounds for a Termination Company for Cause, the Participant's entire Option granted hereunder (whether or not vested) shall terminate and expire upon such Termination. (e) Treatment of Unvested Options Option upon Termination. Any portion of the this Option that is not vested as of the date of the Participant's Termination for any reason shall terminate and expire as of the date of such Termination. View More

Termination. Subject to the terms of the Plan and this Agreement, the Option, to the extent vested at the time of the Participant's Termination, shall remain exercisable as follows: (a) Termination due to Death or Disability. In the event of the Participant's Termination by reason of death or Disability, the vested portion of the Option shall remain exercisable until the earlier of (i) one (1) year from the date of such Termination, and (ii) the expiration of the stated term of the Option pursuant to Section... 3(d) hereof; provided, however, that in the case of a Termination due to Disability, if the Participant dies within such one (1) year exercise period, any unexercised Option held by the Participant shall thereafter be exercisable by the legal representative of the Participant's estate, to the extent to which it was exercisable at the time of death, for a period of one (1) year from the date of death, but in no event beyond the expiration of the stated term of the Option pursuant to Section 3(d) 4(d) hereof. 2 (b) Involuntary Termination Without Cause. In the event of the Participant's involuntary Termination by the Company without Cause, the vested portion of the Option shall remain exercisable until the earlier of (i) ninety (90) days from the date of such Termination, and (ii) the expiration of the stated term of the Option pursuant to Section 3(d) 4(d) hereof. (c) Voluntary Resignation. In the event of the Participant's voluntary Termination (other than a voluntary Termination described in Section 4(d) 5(d) hereof), the vested portion of the Option shall remain exercisable until the earlier of (i) thirty (30) days from the date of such Termination, and (ii) the expiration of the stated term of the Option pursuant to Section 3(d) 4(d) hereof. (d) Termination for Cause. In the event of the Participant's Termination for Cause or in the event of the Participant's voluntary Termination (as provided in Section 4(c) 5(c) hereof) after an event that would be grounds for a Termination for Cause, the Participant's entire Option (whether or not vested) shall terminate and expire upon such Termination. (e) Treatment of Unvested Options upon Termination. Any portion of the Option that is not vested as of the date of the Participant's Termination for any reason shall terminate and expire as of the date of such Termination. (f) Blackout Periods. If the Participant is subject to any Company "blackout" policy or other trading restriction imposed by the Company on the date that an exercise period described in Section 5(a) through 5(c) would otherwise expire, such exercise period shall be extended until the date that the Participant is not subject to any such policy or restriction, provided that in no event shall the exercise period be extended beyond the expiration of the stated term of the Option pursuant to Section 4(d) hereof. 1 To be included in specific grants at the discretion of the Committee. 3 6. Method of Exercise and Payment. Subject to Section 9 hereof, to the extent that the Option has become vested and exercisable with respect to a number of Ordinary Shares as provided herein, the Option may thereafter be exercised by the Participant, in whole or in part, at any time or from time to time prior to the expiration of the Option as provided herein and in accordance with Sections 6.4(c) and 6.4(d) of the Plan, including, without limitation, by the filing of any written form of exercise notice as may be required by the Committee and payment in full of the Per Share Exercise Price specified above multiplied by the number of Ordinary Shares underlying the portion of the Option exercised. View More

Termination. Subject to the terms of the Plan and this Agreement, the Option, to the extent vested at the time of the Participant's Termination, shall will remain exercisable as follows: 2 (a) Termination due to Death or Disability. In the event of the Participant's Termination by reason of death or Disability, the vested portion of the Option shall will remain exercisable until the earlier of (i) one (1) year from the date of such Termination, and (ii) the expiration of the stated term of the Option pursuan...t to Section 3(d) hereof; provided, however, that in the case of a Termination due to Disability, if the Participant dies within such one (1) year exercise period, any unexercised Option held by the Participant shall thereafter be exercisable by the legal representative of the Participant's estate, to the extent to which it was exercisable at the time of death, for a period of one (1) year from the date of death, but in no event beyond the expiration of the stated term of the Option pursuant to Section 3(d) 4(c) hereof. 2 (b) Involuntary Termination Without Cause. In the event of the Participant's involuntary Termination by the Company without Cause, the vested portion of the Option shall will remain exercisable until the earlier of (i) ninety (90) 90 days from the date of such Termination, and (ii) the expiration of the stated term of the Option pursuant to Section 3(d) 4(c) hereof. (c) Voluntary Resignation. In the event of the Participant's voluntary Termination (other than a voluntary Termination described in Section 4(d) 5(d) hereof), the vested portion of the Option shall will remain exercisable until the earlier of (i) thirty (30) 30 days from the date of such Termination, and (ii) the expiration of the stated term of the Option pursuant to Section 3(d) 4(c) hereof. (d) Termination for Cause. In the event of the Participant's Termination for Cause or in the event of the Participant's voluntary Termination (as provided in Section 4(c) 5(c) hereof) after an event that would be grounds for a Termination for Cause, the Participant's entire Option (whether or not vested) shall will terminate and expire upon such Termination. (e) Treatment of Unvested Options upon Termination. Any portion of the Option that is not vested as of the date of the Participant's Termination for any reason shall will terminate and expire as of the date of such Termination. View More

Termination. Subject to the terms of the Plan and this Agreement, the Option, SAR, to the extent vested at the time of the Participant's Termination, shall remain exercisable as follows: (a) Termination due to Death or Disability. In the event of the Participant's Termination by reason of death or Disability, the vested portion of the Option SAR shall remain exercisable until the earlier of (i) one (1) year from the date of such Termination, and (ii) the 2 expiration of the stated term of the Option SAR purs...uant to Section 3(d) hereof; provided, however, that in the case of a Termination due to Disability, if the Participant dies within such one (1) year exercise period, any unexercised Option SAR held by the Participant shall thereafter be exercisable by the legal representative of the Participant's estate, to the extent to which it was exercisable at the time of death, for a period of one (1) year from the date of death, but in no event beyond the expiration of the stated term of the Option SAR pursuant to Section 3(d) hereof. 2 (b) Involuntary Termination Without Cause. Cause or Termination for Good Reason. In the event of the Participant's involuntary Termination by the Company without Cause, Cause or by the Participant for Good Reason, the vested portion of the Option SAR shall remain exercisable until the earlier of (i) ninety (90) days six (6) months from the date of such Termination, and (ii) the expiration of the stated term of the Option SAR pursuant to Section 3(d) hereof. (c) Voluntary Resignation. In the event of the Participant's voluntary Termination without Good Reason (other than a voluntary Termination described in Section 4(d) hereof), the vested portion of the Option SAR shall remain exercisable until the earlier of (i) thirty (30) days from the date of such Termination, and (ii) the expiration of the stated term of the Option SAR pursuant to Section 3(d) hereof. (d) Termination for Cause. In the event of the Participant's Termination for Cause or in the event of the Participant's voluntary Termination (as provided in Section 4(c) hereof) after an event that would be grounds for a Termination for Cause, the Participant's entire Option SAR (whether or not vested) shall terminate and expire upon such Termination. (e) Treatment of Unvested Options SAR upon Termination. Any portion of the Option SAR that is not vested as of the date of the Participant's Termination for any reason shall terminate and expire as of the date of such Termination. View More