Separation from Service for Cause. If Optionee's employment by the Company, an Affiliate or Group Company or other service provider relationship with the Company, an Affiliate or Group Company terminates involuntarily for Cause, any unexercised Option held by Optionee and not in fact exercised prior to termination shall immediately expire and all rights under such Option shall immediately be forfeited.
Appears in 2 contracts
Sources: Option Agreement (Ipg Photonics Corp), Option Agreement (Ipg Photonics Corp)