Spanish translation: derecho de hacer uso de la opción
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English to Spanish translations [PRO] Law/Patents - Law: Contract(s)
English term or phrase:right to vest in the Option
Es un CONTRATO DE OPCIÓN DE COMPRA DE ACCIONES NO CALIFICADO para ESPAÑA:
in the event of involuntary termination of Optionee’s employment, Optionee’s right to receive options and vest in options under the Plan will terminate effective as of the date that Optionee is no longer actively employed and will not be extended by any notice period mandated under local law (e.g., active employment would not include a period of “garden leave” or similar period pursuant to local law); furthermore, in the event of involuntary termination of employment, ***Optionee’s right to vest in the Option*** after termination of employment, if any, will be measured by the date of termination of active employment and will not be extended by any notice period mandated under local law.