Burger King 2012 Annual Report Download - page 184
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December 31, 2013, December 31, 2014, December 31, 2015, December 31, 2016 and December 31, 2017, respectively, and you (or, if applicable, such
other person who is entitled to exercise this Option) may exercise the Option to the extent vested on the date of termination of your Service as provided for below.
Subject to any terms and conditions that the Committee may impose in accordance with Section 13 of the Plan, in the event that a Change in Control
occurs and, within twelve (12) months following the date of such Change in Control, your Service is terminated by the Company Without Cause (as defined
herein), this Option shall vest in full upon such termination. In the event that there is a conflict between the terms of this Award Agreement regarding the effect
of a Change in Control on this Option and the terms of any Employment Agreement, the terms of this Option Award Agreement will govern.
To the extent this Option is or becomes exercisable on the date of termination of your Service, then, if you (or, if applicable, such other person who is
entitled to exercise this Option) do not exercise this Option on or prior to the expiration of the Option Exercise Period (as set forth below), this Option will
terminate. In no event may you exercise this Option after the Expiration Date.
Type of Termination Option Exercise Period
Without Cause 90 day period beginning on the date of termination
Resignation 90 day period beginning on the date of termination
Retirement One year period beginning on the date of termination
Disability One year period beginning on the date of termination
Death One year period beginning on the date of termination
For Cause None, the Option expires immediately
The date of termination of your Service 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). The Committee shall have the exclusive discretion to determine the date of termination of your
Service for purposes of this Option.
A-3
Source: Burger King Worldwide, Inc., 10-K, February 22, 2013 Powered by Morningstar® Document Research℠
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