What happens on lapsing. (i) Where a Participant's Options have lapsed under clause 9.1, the Options will be cancelled by the Company and the Company will: (A) notify the Participant that the Options held by them have lapsed; (B) to the extent required by the Board, arrange for the Participant or the Participant's agent or attorney to sign any transfer or other documents required to transfer or otherwise deal with the Options; and
Appears in 3 contracts
Sources: Senior Leadership Long Term Incentive Plan, Senior Leadership Long Term Incentive Plan, 2022 Key Executives Long Term Incentive Plan
What happens on lapsing. (i) Where a Participant's Options have lapsed under clause 9.110.1, the Options will be cancelled by the Company and the Company will:
(Aa) notify the Participant that the Options held by them have lapsed;
(Bb) to the extent required by the Board, arrange for the Participant or the Participant's agent or attorney to sign any transfer or other documents required to transfer or otherwise deal with the Options; and
(c) not be liable for any damages, compensation or other amounts to the Participant in respect of the Options.
Appears in 2 contracts
Sources: 2023 Non Executive Directors Long Term Incentive Plan, Long Term Incentive Plan