Effect on Options of Termination of Service for Cause Contract Clauses (75)

Grouped Into 1 Collection of Similar Clauses From Business Contracts

This page contains Effect on Options of Termination of Service for Cause clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Effect on Options of Termination of Service for Cause. Except as otherwise provided in a Participant's Option Agreement, the following rules apply if the Participant's service (whether as an Employee, director or Consultant) with the Company or an Affiliate is terminated for Cause prior to the time that all his or her outstanding Options have been exercised: (a) All outstanding and unexercised Options as of the time the Participant is notified his or her service is terminated for Cause will immediately be forfeited. (b) Cause is not limited to event...s which have occurred prior to a Participant's termination of service, nor is it necessary that the Administrator's finding of Cause occur prior to termination. If the Administrator determines, subsequent to a Participant's termination of service but prior to the exercise of an Option, that either prior or subsequent to the Participant's termination the Participant engaged in conduct which would constitute Cause, then the right to exercise any Option is forfeited. View More Arrow
Found in ONE Group Hospitality, Inc. contract
Effect on Options of Termination of Service for Cause. Except as otherwise required by law or provided in a Participant's Option Agreement, the following rules apply if the Participant's service (whether as an Employee, director Director or Consultant) with the Company or an Affiliate is terminated for Cause prior to the time that all of his or her outstanding Options have been exercised: (a) All outstanding and unexercised Options as of the time the Participant is notified his or her service is terminated for Cause will immediately be forfeited. 12... (b) Cause is not limited to events which have occurred prior to a Participant's termination of service, nor is it necessary that the Administrator's finding of Cause occur prior to termination. If the Administrator determines, subsequent to a Participant's termination of service but prior to the exercise of an Option, that either prior or subsequent to the Participant's termination the Participant engaged in conduct which would constitute Cause, then the right to exercise any Option is forfeited. View More Arrow
Found in ATAI Life Sciences B.V. contract
Effect on Options of Termination of Service for Cause. Except as otherwise provided in a Participant's Option Agreement, the following rules apply if the Participant's service (whether as an Employee, director or Consultant) with the Company or an Affiliate is terminated for Cause prior to the time that all his or her outstanding Options have been exercised: (a) All Except as otherwise required with respect to California Participants, all outstanding and unexercised Options as of the time the Participant is notified his or her service is terminated ...for Cause will immediately be forfeited. (b) Cause is not limited to events which have occurred prior to a Participant's termination of service, nor is it necessary that the Administrator's finding of Cause occur prior to termination. If the Administrator determines, subsequent to a Participant's termination of service but prior to the exercise of an Option, that either prior or subsequent to the Participant's termination the Participant engaged in conduct which would constitute Cause, then the right to exercise any Option is forfeited. View More Arrow
Found in MABVAX THERAPEUTICS HOLDINGS, INC. contract
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