Without Cause or by the Optionee. If the Company or its Affiliates terminates the Optionee’s employment with the Company or its Affiliates without Cause (other than due to Disability) or the Optionee resigns for “Good Reason” (as such term is defined in any employment agreement entered into by and between the Company and the Optionee in effect on the Date of Grant), then the unvested portion of the Option shall expire on the date of termination and the vested portion of the Option shall remain exercisable by the Optionee through the earlier of (x) the Expiration Date or (y) a period of one-hundred twenty (120) days following such termination of employment, and shall thereafter terminate without further consideration to the Optionee. If the Optionee’s employment with the Company or its Affiliates is terminated by the Optionee without Good Reason (other than due to Retirement), the unvested portion of the Option shall expire on the date of termination and the vested portion of the Option shall remain exercisable by the Optionee through the earlier of (x) the Expiration Date or (y) a period of ninety (90) days following such termination of employment, and shall thereafter terminate without further consideration to the Optionee.
Appears in 1 contract
Sources: Nonqualified Stock Option Agreement (Interline Brands, Inc./De)
Without Cause or by the Optionee. If the Company or its Affiliates terminates the Optionee’s 's employment with the Company or its Affiliates without Cause (other than due to Disability) or the Optionee resigns for “"Good Reason” " (as such term is defined in any employment agreement entered into by and between the Company and the Optionee in effect on the Date of Grant), then the unvested portion of the Option shall expire on the date of termination and the vested portion of the Option shall remain exercisable by the Optionee through the earlier of (x) the Expiration Date or (y) a period of one-hundred twenty (120) days following such termination of employment, and shall thereafter terminate without further consideration to the Optionee. If the Optionee’s 's employment with the Company or its Affiliates is terminated by the Optionee without Good Reason (other than due to Retirement)Reason, the unvested portion of the Option shall expire on the date of termination and the vested portion of the Option shall remain exercisable by the Optionee through the earlier of (x) the Expiration Date or (y) a period of ninety (90) days following such termination of employment, and shall thereafter terminate employment without further consideration to the Optionee.
Appears in 1 contract
Sources: Nonqualified Stock Option Agreement (Interline Brands, Inc./De)