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FLOW » Topics » Termination of Employment

This excerpt taken from the FLOW DEF 14A filed Aug 6, 2009.
Termination of Employment
 
Unless otherwise provided in the applicable award agreement or any severance agreement, vested options granted under the 2005 Plan will expire, terminate, or otherwise be forfeited as follows:
 
  Ø  ninety (90) days after the date of termination of a participant’s employment, other than in the circumstances described below;
 
  Ø  immediately upon termination of a participant for cause (as may be defined in a subplan or award agreement);
 
  Ø  twelve (12) months after the date on which a participant suffers Disability (as defined in the 2005 Plan); and
 
  Ø  twelve (12) months after the death of a participant if such participant’s employment had not previously been terminated.
 
This excerpt taken from the FLOW DEF 14A filed Aug 24, 2005.

Termination of Employment

 

Unless otherwise provided in the applicable award agreement or any severance agreement, vested options granted under the 2005 Plan will expire, terminate, or otherwise be forfeited as follows:

 

  Ø   ninety (90) days after the date of termination of a participant’s employment, other than in the circumstances described below;

 

  Ø   immediately upon termination of a participant for cause (as may be defined in a subplan or award agreement);

 

  Ø   twelve (12) months after the date on which a participant suffers Disability (as defined in the 2005 Plan); and

 

  Ø   twelve (12) months after the death of a participant if such participant’s employment had not previously been terminated.

 

EXCERPTS ON THIS PAGE:

DEF 14A
Aug 6, 2009
DEF 14A
Aug 24, 2005

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