Vesting and Exercise. If you leave the Company before the Vest Date, the Award will be forfeited unless you meet one of the conditions listed below. If you remain employed through the Vest Date, the Award will become exercisable on the Vest Date. If you terminate employment before the Expiration Date and prior to exercising the Award, except for the reasons listed below, the Award will be forfeited immediately upon your termination of employment. For the purposes of this Award, termination of employment will be effective as of the date that you are no longer actively employed and will not be extended by any notice period required under local law.
Appears in 3 contracts
Sources: Restricted Stock Unit Agreement (PROCTER & GAMBLE Co), Non Statutory Stock Option Award Agreement (PROCTER & GAMBLE Co), Non Statutory Stock Option Agreement (PROCTER & GAMBLE Co)
Vesting and Exercise. If you leave the Company before the Vest Date, the Award will be forfeited unless you meet one of the conditions listed below. If you remain employed through the Vest Date, the Award will become exercisable on the Vest Date. If you terminate employment for any reason before the Expiration Date and prior to exercising the Award, except for the reasons listed below, the Award will be forfeited immediately upon your termination of employment. For the purposes of this Award, termination of employment will be effective as of the date that you are no longer actively employed and will not be extended by any notice period required under local law.
Appears in 3 contracts
Sources: Stock Option Agreement (PROCTER & GAMBLE Co), Stock Option Agreement (PROCTER & GAMBLE Co), Stock Option Agreement (PROCTER & GAMBLE Co)