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Common use of Forfeiture of the Option Clause in Contracts

Forfeiture of the Option. The unvested portion of the Option shall automatically be forfeited upon the date that the Optionee ceases to be employed by the Company for any reason.

Appears in 4 contracts

Sources: Substitution Non Qualified Stock Option Agreement (PharMerica CORP), Substitution Non Qualified Stock Option Agreement (PharMerica CORP), Substitution Non Qualified Stock Option Agreement (PharMerica CORP)

Related Clauses

  • Forfeiture of Award
  • Forfeiture of Awards
  • Forfeiture of Shares
  • Forfeiture of RSUs
  • Forfeiture of Units

Parent Clauses

  • Vesting of the Option
  • Plan and Prospectus Delivery
  • The Option

Sub-Clauses

  • Rights as Stockholder
  • Exercise of Option
  • Delivery of Payment and Required Documents
  • Tax Consultation
  • Representations of Optionholder
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