Common use of Termination of Stock Appreciation Right Clause in Contracts

Termination of Stock Appreciation Right. Notwithstanding any contrary provision of this Agreement, if the Optionee ceases to be a Service Provider for any or no reason, the then-unvested portion of the Stock Appreciation Right awarded by this Agreement will terminate and the Optionee will have no further rights thereunder. The Optionee (or, if applicable, the Optionee’s personal representative, designated beneficiary, estate or the person(s) to whom the Stock Appreciation Right is transferred pursuant to the Participant’s will or in accordance with the laws of descent and distribution) shall have the period set forth in Notice of Grant to exercise the Stock Appreciation Right to the extent vested as of the date Optionee ceases to be a Service Provider. This Stock Appreciation Right may be exercised only within the term set out in the Notice of Grant of Stock Appreciation Right or the Plan, and may be exercised during such term only in accordance with the Plan and the terms of this Agreement.