C » Topics » (m) Termination of Employment other than for Gross Misconduct or Transfer to Non-Participating Subsidiary, when Also Eligible under Section 6(j), (k) or (l).

This excerpt taken from the C 10-Q filed Nov 6, 2009.
(m) Termination of Employment other than for Gross Misconduct or Transfer to Non-Participating Subsidiary, when Also Eligible under Section 6(j), (k) or (l).  If Participant is terminated other than for gross misconduct or is transferred to a subsidiary described in Section 6(g)(ii) above and on the date Participant’s employment is so terminated or transferred, Participant has satisfied the conditions of Section 6(j), (k) or (l) above, then the provisions of such sub-section will apply; provided, however, that continued vesting of the Award [and the right to exercise vested Option shares] will not be subject to the condition that Participant not be employed by a “significant competitor” of the Company (as defined in Section 6(p) below).

 

This excerpt taken from the C 10-Q filed Oct 31, 2008.
(m) Termination of Employment other than for Gross Misconduct or Transfer to Non-Participating Subsidiary, when Also Eligible under Section 6(j), (k) or (l).  If Participant is terminated other than for gross misconduct or is transferred to a subsidiary described in Section 6(g)(ii) above and on the date Participant’s employment is so terminated or transferred, Participant has satisfied the conditions of Section 6(j), (k) or (l) above, then the provisions of such sub-section will apply; provided, however, that continued vesting of the Award [and the right to exercise vested Option shares] will not be subject to the condition that Participant not be employed by a “significant competitor” of the Company (as defined in Section 6(p) below).

 

EXCERPTS ON THIS PAGE:

10-Q
Nov 6, 2009
10-Q
Oct 31, 2008
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