Death Following Certain Terminations. Notwithstanding the foregoing, if you die following a termination of Employment pursuant to Section 3(d)(i) (Certain Involuntary Terminations), then, to the extent the Option (or portion thereof) remains outstanding as of the date of your death, your estate, beneficiary or any person who acquires the Option (or portion thereof) by inheritance or devise, as applicable, shall become fully vested in the Option (or such portion thereof that remains outstanding) on the date of your death (to the extent then unvested) and shall have the right to exercise any vested and unexercised portion of the Option until the Expiration Date.
Appears in 1 contract
Sources: Global Nonqualified Stock Option Award Agreement (Kenvue Inc.)
Death Following Certain Terminations. Notwithstanding the foregoing, if you die following (i) a Qualifying Separation or (ii) a termination of Employment pursuant due to Section 3(d)(i) (Certain Involuntary Terminations)a Specified Divestiture or Reduction in Force, then, to the extent the Option (or a portion thereof) remains outstanding as of the date of your death, your estate, beneficiary or any person who acquires the Option (or portion thereof) by inheritance or devise, as applicable, devise shall become fully vested in the Option (or such portion thereof that remains outstandingthereof) on the date of your death (to the extent then unvestedunvested as of such date) and shall have the right to exercise any vested and unexercised portion of the Option (or portion thereof) until the Expiration Date.
Appears in 1 contract
Sources: Global Nonqualified Stock Option Award Agreement (Johnson & Johnson)