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HPQ » Topics » Effect of Termination of Employment on Nonstatutory Stock Options.

This excerpt taken from the HPQ DEF 14A filed Jan 27, 2010.
Effect of Termination of Employment on Nonstatutory Stock Options.  Unless otherwise provided for by the Administrator, upon an Awardee’s Termination of Employment, any outstanding Nonstatutory Stock Option granted to such Awardee, whether vested or unvested, to the extent not theretofore exercised, shall terminate immediately upon the Awardee’s Termination of Employment.

 

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