Common use of Options and SARs Clause in Contracts

Options and SARs. The vesting, forfeiture and other terms of payout for Awards of Options and SARs that apply in the event that a Participant ceases to be an Employee of the Company or any of its Affiliates shall be determined as set forth in the applicable Award Agreement for Awards granted beginning in February 2013, and as follows for Awards granted prior to February 2013:

Appears in 2 contracts

Sources: 2011 Omnibus Equity Plan (KEMPER Corp), 2011 Omnibus Equity Plan (KEMPER Corp)