Cessation of Employment Clause Example from Business Contracts

This example Cessation of Employment clause appears in 3 contracts from 3 companies

Cessation of Employment. If the Participant's Employment ceases, the Stock Option, to the extent not then vested, will be immediately forfeited for no consideration, and any vested portion of the Stock Option that is then outstanding will remain exercisable for the period described in Section 6(a)(4) of the Plan.
Found in Sigilon Therapeutics, Inc. contract
Spinal Elements Holdings, Inc. Contracts

Form of Non-Statutory Stock Option Agreement (Non-Employee Directors) (Filed With SEC on October 8, 2020)

Sigilon Therapeutics, Inc. Contracts

Form of Non-Statutory Stock Option Agreement (Non-Employee Directors) (Filed With SEC on November 30, 2020)

VAPOTHERM INC Contracts

Form of Non-Statutory Non-Employee Director Stock Option Agreement pursuant to the Vapotherm, Inc. 2018 Equity Incentive Plan (Filed With SEC on November 5, 2018)