Effect on Stock Grants of Death While an Employee Director or Consultant Clause Example with 4 Variations from Business Contracts

This page contains Effect on Stock Grants of Death While an Employee Director or Consultant clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Effect on Stock Grants of Death While an Employee Director or Consultant. Except as otherwise provided in a Participant's Stock Grant Agreement, the following rules apply in the event of the death of a Participant while the Participant is an Employee, director or Consultant of the Company or of an Affiliate: to the extent the forfeiture provisions or the Company's rights of repurchase have not lapsed on the date of death, they shall be exercisable; provided, however, that in the event such forfeiture provisions or rights of repurchase lapse periodically, such provisio...ns or rights shall lapse to the extent of a pro rata portion of the Shares subject to such Stock Grant through the date of death as would have lapsed had the Participant not died. The proration shall be based upon the number of days accrued prior to the Participant's date of death. View More
Found in Arsanis, Inc. contract

Variations of a "Effect on Stock Grants of Death While an Employee Director or Consultant" Clause from Business Contracts

Effect on Stock Grants of Death While an Employee Director or Consultant. Except as otherwise provided in a Participant's the pertinent Stock Grant Agreement, the following rules apply in the event of the death of a Participant while the Participant is an Employee, employee, director or Consultant consultant of the Company or of an Affiliate: to the extent the forfeiture provisions or the Company's rights of repurchase have not lapsed on the date of death, they shall be exercisable; provided, however, that in the event such forfeiture provisions or rights of repurchas...e lapse periodically, such provisions or rights shall lapse to the extent of a pro 13 rata portion of the Shares subject to such Stock Grant through the date of death as would have lapsed had the Participant not died. died prior to the end of the vesting period which next ends following the date of death. The proration shall be based upon the number of days accrued of such vesting period prior to the Participant's date of death. View More
Found in Adamas Pharmaceuticals Inc contract
Effect on Stock Grants of Death While an Employee Director or Consultant. Except as otherwise provided in a Participant's Stock Grant Agreement, the following rules apply in the event of the death of a Participant while the Participant is an Employee, director or 15 Consultant of the Company or of an Affiliate: to the extent the forfeiture provisions or the Company's rights of repurchase have not lapsed on the date of death, they shall be exercisable; provided, however, that lapse in the event such forfeiture provisions or rights of repurchase lapse periodically, such... provisions or rights shall lapse to the extent of a pro rata portion of the Shares subject to such Stock Grant through the date of death as would have lapsed had the Participant not died. The proration shall be based upon the number of days accrued prior to full on the Participant's date of death. View More
Found in Myriad Genetics, Inc. contract
Effect on Stock Grants of Death While an Employee Director or Consultant. Except as otherwise provided in a Participant's Stock Grant Agreement, the following rules apply in the event of the death of a Participant while the Participant is an Employee, employee, director or Consultant consultant of the Company or of an Affiliate: to the extent the forfeiture provisions or the Company's rights of repurchase have not lapsed on the date of death, they shall be 17 exercisable; provided, however, that in the event such forfeiture provisions or rights of repurchase lapse per...iodically, such provisions or rights shall lapse to the extent of a pro rata portion of the Shares subject to such Stock Grant through the date of death as would have lapsed had the Participant not died. The proration shall be based upon the number of days accrued prior to the Participant's death. 20A. EFFECT ON RSUS OF DEATH WHILE AN EMPLOYEE, DIRECTOR OR CONSULTANT. Except as otherwise provided in a Participant's RSU Agreement, the following rules apply in the event of the death of a Participant while the Participant is an employee, director or consultant of the Company or of an Affiliate: to the extent the vesting conditions of the RSUs have not been satisfied on the date of death, the RSUs shall be forfeited; provided, however, that in the event such RSUs vest periodically, such RSUs shall vest to the extent of a pro rata portion of the Shares subject to such RSUs through the date of death as would have vested had the Participant not died. The proration shall be based upon the number of days accrued prior to the Participant's death. View More
Found in American Well Corp contract
Effect on Stock Grants of Death While an Employee Director or Consultant. Except as otherwise provided in a Participant's Stock Grant Agreement, the following rules apply in the event of the death of a Participant while the Participant is an Employee, employee, director or Consultant consultant of the Company or of an Affiliate: to the extent the forfeiture provisions or the Company's rights of repurchase have not lapsed on the date of death, they shall be exercisable; provided, however, that in the event such forfeiture provisions or rights of repurchase lapse period...ically, such provisions or rights shall lapse to the extent of a pro rata portion of the Shares subject to such Stock Grant through the date of death as would have lapsed had the Participant not died. The proration shall be based upon the number of days accrued prior to the Participant's date of death. View More
Found in Protagenic Therapeutics, Inc. contract