Exercise of Option after Termination of Employment Contract Clauses (13)

Grouped Into 1 Collection of Similar Clauses From Business Contracts

This page contains Exercise of Option after Termination of Employment clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Exercise of Option after Termination of Employment. If the Optionholder's employment with (a) the Company, (b) an Affiliate, or (c) a corporation (or parent or subsidiary corporation of such corporation) issuing or assuming a stock option in a transaction to which section 424(a) of the Code applies, is terminated for any reason other than by disability (within the meaning of section 22(e)(3) of the Code) or death, the Optionholder may exercise the rights which were available to the Optionholder at the time of such termination only within ninety d...ays from the date of termination. If Optionholder's employment is terminated as a result of disability, such rights may be exercised within twelve months from the date of termination. Upon the death of the Optionholder, his or her Designated Beneficiary shall have the right, at any time within twelve months after the date of death, to exercise in whole or in part any rights that were available to the Optionholder at the time of death. Notwithstanding the foregoing, no rights under this Option may be exercised after the Expiration Date. View More Arrow
Found in Lyra Therapeutics, Inc. contract
Exercise of Option after Termination of Employment. If Except as set forth in paragraph 11 or otherwise specified in the Optionholder's notice of an Award or other written agreement, if the Option Holder's employment with (a) the Company, (b) an Affiliate, or (c) a corporation (or parent or subsidiary corporation of such corporation) issuing or assuming a stock option in a transaction to which section 424(a) of the Code applies, Company is terminated for any reason other than by disability (within the meaning of section Section 22(e)(3) of the Co...de) or death, the Optionholder Option Holder may exercise the rights which were available to the Optionholder Option Holder at the time of such termination only within ninety days three months from the date of termination. If Optionholder's Option Holder's employment is terminated as a result of disability, such rights may be exercised within twelve months from the date of termination. Upon the death of the Optionholder, Option Holder, his or her Designated Beneficiary shall have the right, at any time within twelve months after the date of death, to exercise in whole or in part any rights that were available to the Optionholder Option Holder at the time of death. Notwithstanding the foregoing, no rights under this the Option may be exercised after the Expiration Date. DATE OF PROSPECTUS: NOVEMBER 1, 2018 11. Exercise of Option upon Retirement. Upon Retirement, as defined below and notwithstanding the exercisability schedule set forth on the face of these terms and conditions, the Option may be exercised in whole or part until the earlier of up to two years from the date of Retirement or the Expiration Date. Unless otherwise determined by the Committee in its sole discretion, "Retirement" as to any Option Holder shall mean such person's leaving the employment of the Company after reaching age 55 with ten (10) years of full-time continuous service with the Company; provided, that the sum of the Option Holder's age plus the number of years of continuous service equal or exceed seventy (70). The Committee's determination of the reason for termination of the Option Holder's employment shall be conclusive and binding on the Option Holder and his or her representatives or legatees. View More Arrow
Found in ARQULE INC contract
Exercise of Option after Termination of Employment. If the Optionholder's employment with (a) status as an employee, director or consultant of the Company, (b) an Affiliate, Company or (c) a corporation (or parent or subsidiary corporation of such corporation) issuing or assuming a stock option in a transaction to which section 424(a) of the Code applies, is terminated for any reason other than by disability (within the meaning of section 22(e)(3) of the Code) or death, the Optionholder may exercise the rights which were available to the Optionho...lder at the time of such termination only within ninety days three months from the date of termination. If Optionholder's employment such status is terminated as a result of disability, such rights may be exercised within twelve months from the date of termination. Upon the death of the Optionholder, his or her Designated Beneficiary shall have the right, at any time within twelve months after the date of death, to exercise in whole or in part any rights that were available to the Optionholder at the time of death. Notwithstanding the foregoing, no rights under this Option may be exercised after the Expiration Date. View More Arrow
Found in Enanta Pharmaceuticals, Inc. contract
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