Term Clause Example with 221 Variations from Business Contracts
This page contains Term 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.
Term. You may not exercise your option before the Date of Grant or after the expiration of the option's term. The term of your option expires, subject to the provisions of Section 5(h) of the Plan, upon the earliest of the following: (a) immediately upon the termination of your Continuous Service for Cause; (b) three months after the termination of your Continuous Service for any reason other than Cause, your Disability or your death (except as otherwise provided in Section 8(d) below); provided, howe...ver, that if during any part of such three month period your option is not exercisable solely because of the condition set forth in the section above relating to 4. "Securities Law Compliance," your option will not expire until the earlier of the Expiration Date or until it has been exercisable for an aggregate period of three months after the termination of your Continuous Service; provided further, if during any part of such three (3) month period, the sale of any Common Stock received upon exercise of your option would violate the Company's insider trading policy, then your option will not expire until the earlier of the Expiration Date or until it has been exercisable for an aggregate period of three (3) months after the termination of your Continuous Service during which the sale of the Common Stock received upon exercise of your option would not be in violation of the Company's insider trading policy. Notwithstanding the foregoing, if (i) you are a Non-Exempt Employee, (ii) your Continuous Service terminates within six months after the Date of Grant, and (iii) you have vested in a portion of your option at the time of your termination of Continuous Service, your option will not expire until the earlier of (x) the later of (A) the date that is seven months after the Date of Grant, and (B) the date that is three months after the termination of your Continuous Service, and (y) the Expiration Date; (c) 12 months after the termination of your Continuous Service due to your Disability (except as otherwise provided in Section 8(d)) below; (d) 18 months after your death if you die either during your Continuous Service or within three months after your Continuous Service terminates for any reason other than Cause; (e) the Expiration Date indicated in your Grant Notice; or (f) the day before the 10th anniversary of the Date of Grant. If your option is an Incentive Stock Option, note that to obtain the federal income tax advantages associated with an Incentive Stock Option, the Code requires that at all times beginning on the Date of Grant and ending on the day three months before the date of your option's exercise, you must be an employee of the Company or an Affiliate, except in the event of your death or Disability. The Company has provided for extended exercisability of your option under certain circumstances for your benefit but cannot guarantee that your option will necessarily be treated as an Incentive Stock Option if you continue to provide services to the Company or an Affiliate as a Consultant or Director after your employment terminates or if you otherwise exercise your option more than three months after the date your employment with the Company or an Affiliate terminates.View More
Variations of a "Term" Clause from Business Contracts
Term. You may not exercise your option before the Date of Grant commencement or after the expiration of the option's its term. The term of your option expires, subject to commences on the provisions Date of Section 5(h) of the Plan, Grant and expires upon the earliest of the following: (a) immediately upon the termination of your Continuous Service Termination for Cause; (b) three months ninety (90) days after the termination of your Continuous Service Termination for any reason other than Cause, your... Disability or your death (except as otherwise provided in Section 8(d) below); death; provided, however, that (i) if during any part of such three month ninety (90) day period your option is not exercisable solely because of the condition set forth in the section above relating to 4. "Securities Law Compliance," Section 6, your option will shall not expire until the earlier of the Expiration Date or until it has shall have been exercisable for an aggregate period of three months ninety (90) days after the termination of your Continuous Service; provided further, Termination, and (ii) if during any part of such three (3) month period, the sale of any Common Stock received upon exercise of your option would violate the Company's insider trading policy, then your option will not expire until the earlier of the Expiration Date or until it has been exercisable for an aggregate period of three (3) months after the termination of your Continuous Service during which the sale of the Common Stock received upon exercise of your option would not be in violation of the Company's insider trading policy. Notwithstanding the foregoing, if (i) (x) you are a Non-Exempt Employee, (ii) your Continuous Service terminates (y) you undergo a Termination within six (6) months after the Date of Grant, Grant specified in your Grant Notice, and (iii) (z) you have vested in a portion of your option at the time of your termination of Continuous Service, Termination, your option will shall not expire until the earlier of (x) (A) the later of (A) the date that is seven (7) months after the Date of Grant, and (B) Grant specified in your Grant Notice or the date that is three months ninety (90) days after the termination of your Continuous Service, and (y) Termination, or (B) the Expiration Date; A-2 (c) 12 twelve (12) months after the termination of your Continuous Service you undergo a Termination due to your Disability (except as otherwise provided in Section 8(d)) below; Disability; (d) 18 twelve (12) months after your death if you die either during your Continuous Service prior to a Termination or within three months ninety (90) days after your Continuous Service terminates you undergo a Termination for any reason other than Cause; and (e) the Expiration Date indicated in your Grant Notice; or (f) the day before the 10th anniversary of the Date of Grant. If your option is an Incentive Stock Option, note that to obtain the federal income tax advantages associated with an Incentive Stock Option, the Code requires that at all times beginning on the Date of Grant and ending on the day three months before the date of your option's exercise, you must be an employee of the Company or an Affiliate, except in the event of your death or Disability. The Company has provided for extended exercisability of your option under certain circumstances for your benefit but cannot guarantee that your option will necessarily be treated as an Incentive Stock Option if you continue to provide services to the Company or an Affiliate as a Consultant or Director after your employment terminates or if you otherwise exercise your option more than three months after the date your employment with the Company or an Affiliate terminates. Notice. View More
Term. You may not exercise your option any portion of this Option before the Date of Grant it becomes vested and exercisable or after the expiration of the option's its term. The term of your option this Option commences on the date of grant and expires, subject to the provisions of Section 5(h) of the Plan, upon the earliest of the following: 3 (a) immediately upon the termination of your Continuous Service for Cause; (b) three (3) months after the termination of your Continuous Service for any reaso...n other than Cause, your Disability or your death (except death; provided that, such period shall be tolled for so long as otherwise provided in Section 8(d) below); provided, however, that if during any part of such three month period your option is not exercisable solely because of the condition set forth in the section above relating to 4. "Securities Law Compliance," your option will not expire until the earlier of the Expiration Date or until it has been exercisable for an aggregate period of three months after the termination of your Continuous Service; provided further, if during any part of such three (3) month period, the sale of any Common Stock received upon exercise of your option this Option following such termination would violate the Company's insider trading policy, then your option will not expire until the earlier result in short swing profit liability for you under Section 16(b) of the Expiration Date or until it has been exercisable for an aggregate period of three (3) months after the termination of your Continuous Service during which the sale of the Common Stock received upon exercise of your option would not be in violation of the Company's insider trading policy. Notwithstanding the foregoing, if (i) you are a Non-Exempt Employee, (ii) your Continuous Service terminates within six months after the Date of Grant, and (iii) you have vested in a portion of your option at the time of your termination of Continuous Service, your option will not expire until the earlier of (x) the later of (A) the date that is seven months after the Date of Grant, and (B) the date that is three months after the termination of your Continuous Service, and (y) the Expiration Date; (c) 12 Exchange Act; (b) twelve (12) months after the termination of your Continuous Service due to your Disability (except as otherwise provided in Section 8(d)) below; (d) 18 Disability; (c) twelve (12) months after your death if you die either during your Continuous Service or within three months after your Continuous Service terminates for the period (including any reason other than Cause; (e) tolling thereof) described in Section 5(a) above; (d) the Expiration Date indicated expiration date set forth in your the Grant Notice; or (f) (e) the day before the 10th tenth (10th) anniversary of the Date of Grant. If your option is an Incentive Stock Option, note that to obtain the federal income tax advantages associated with an Incentive Stock Option, the Code requires that at all times beginning on the Date of Grant and ending on the day three months before the date of your option's exercise, you must be an employee of the Company or an Affiliate, except grant set forth in the event of your death or Disability. The Company has provided for extended exercisability of your option under certain circumstances for your benefit but cannot guarantee that your option will necessarily be treated as an Incentive Stock Option if you continue to provide services to the Company or an Affiliate as a Consultant or Director after your employment terminates or if you otherwise exercise your option more than three months after the date your employment with the Company or an Affiliate terminates. Grant Notice. View More
Term. You may not exercise your option before the Date of Grant commencement or after the expiration of the option's its term. The term of your option expires, subject to commences on the provisions Date of Section 5(h) of the Plan, Grant and expires upon the earliest of the following: (a) immediately upon the termination of your Continuous Service Termination for Cause; (b) three months ninety (90) days after the termination of your Continuous Service Termination for any reason other than Cause, your... Disability or your death (except as otherwise provided in Section 8(d) below); death; provided, however, that if during any part of such three month ninety (90) day period your option is not exercisable solely because of the condition set forth in the section above relating to 4. "Securities Law Compliance," Section 5, your option will shall not expire until the earlier of the Expiration Date or until it has shall have been exercisable for an aggregate period of three ninety (90) days after your Termination; (c) twelve (12) months after the termination of your Continuous Service; provided further, if during any part of such three (3) month period, the sale of any Common Stock received upon exercise of your option would violate the Company's insider trading policy, then your option will not expire until the earlier of the Expiration Date or until it has been exercisable for an aggregate period of three (3) months after the termination of your Continuous Service during which the sale of the Common Stock received upon exercise of your option would not be in violation of the Company's insider trading policy. Notwithstanding the foregoing, if (i) you are undergo a Non-Exempt Employee, (ii) your Continuous Service terminates within six months after the Date of Grant, and (iii) you have vested in a portion of your option at the time of your termination of Continuous Service, your option will not expire until the earlier of (x) the later of (A) the date that is seven months after the Date of Grant, and (B) the date that is three months after the termination of your Continuous Service, and (y) the Expiration Date; (c) 12 months after the termination of your Continuous Service Termination due to your Disability (except as otherwise provided in Section 8(d)) below; Disability; (d) 18 twelve (12) months after your death if you die either during your Continuous Service prior to a Termination or within three months ninety (90) days after your Continuous Service terminates you undergo a Termination for any reason other than Cause; and (e) the Expiration Date indicated in your Grant Notice; or (f) Notice. A-2 7. EXERCISE. (a) You may exercise the day before vested portion of your option during its term by delivering a Notice of Exercise (in a form designated by the 10th anniversary Company) together with the exercise price to the Secretary of the Date of Grant. If Company, or to such other person as the Company may designate, during regular business hours, together with such additional documents as the Company may then require. (b) By exercising your option is an Incentive Stock Option, note that you agree that, as a condition to obtain the federal income tax advantages associated with an Incentive Stock Option, the Code requires that at all times beginning on the Date of Grant and ending on the day three months before the date any exercise of your option's exercise, option, the Company may require you must be to enter into an employee arrangement providing for the payment by you to the Company of any tax withholding obligation of the Company or an Affiliate, except in arising by reason of (i) the event exercise of your death option, or Disability. The Company has provided for extended exercisability (ii) the disposition of your option under certain circumstances for your benefit but cannot guarantee that your option will necessarily be treated as an Incentive shares of Stock Option if you continue to provide services to the Company or an Affiliate as a Consultant or Director after your employment terminates or if you otherwise exercise your option more than three months after the date your employment with the Company or an Affiliate terminates. acquired upon such exercise. View More
Term. You may not exercise your option before the Date of Grant commencement or after the expiration of the option's its term. The term of your option expires, subject to commences on the provisions Date of Section 5(h) of Grant and unless otherwise specified in the Plan, Grant Notice expires upon the earliest of of: (a) Pursuant to the following: (a) immediately upon the termination terms of your Continuous Service for Cause; employment or consulting arrangement; (b) three months after the terminatio...n of your Continuous Service for any reason other than Cause, your Disability or your death (except as otherwise provided in Section 8(d) below); provided, however, that if during any part of such three month period your option is not exercisable solely because of the condition set forth in the section above relating to 4. "Securities Law Compliance," your option will not expire until the earlier of the Expiration Date or until it has been exercisable for an aggregate period of three months after the termination of your Continuous Service; provided further, if during any part of such three (3) month period, the sale of any Common Stock received upon exercise of your option would violate the Company's insider trading policy, then your option will not expire until the earlier of the Expiration Date or until it has been exercisable for an aggregate period of three (3) months after the termination of your Continuous Service during which the sale of the Common Stock received upon exercise of your option would not be in violation of the Company's insider trading policy. Notwithstanding the foregoing, if (i) you are a Non-Exempt Employee, (ii) your Continuous Service terminates within six months after the Date of Grant, and (iii) you have vested in a portion of your option at the time of your termination of Continuous Service, your option will not expire until the earlier of (x) the later of (A) the date that is seven months after the Date of Grant, and (B) the date that is three months after the termination of your Continuous Service, and (y) the Expiration Date; (c) 12 months after the termination of your Continuous Service due to your Disability (except as otherwise provided in Section 8(d)) below; (d) 18 months after your death if you die either during your Continuous Service or within three months after your Continuous Service terminates for any reason other than Cause; (e) the The Expiration Date indicated in your Grant Notice; or (f) the (c) The day before the 10th tenth (10th) anniversary of the Date of Grant. If your option is an Incentive Stock Option, note that to obtain the federal income tax advantages associated with an Incentive Stock Option, the Code requires that at all times beginning on the Date of Grant of your option and ending on the day three (3) months before the date of your option's exercise, you must be an employee of the Company or an Affiliate, Affiliate (defined as any "parent" or "subsidiary" of the Company as such terms are defined in Rule 405 of the Securities Act), except in the event of your death or Disability. The Company has provided for extended exercisability of your option under certain circumstances for your benefit but cannot guarantee that your option will necessarily be treated as an Incentive Stock Option if you continue to provide services to the Company or an Affiliate as a Consultant or Director after your employment terminates or if you otherwise exercise your option more than three months after the date your employment with the Company or an Affiliate terminates.View More
Term. You may not exercise your option before the Date of Grant commencement or after the expiration of the option's its term. The term of your option expires, subject to commences on the provisions Date of Section 5(h) of the Plan, Grant and expires upon the earliest of the following: (a) immediately upon the termination of your Continuous Service for Cause; (b) three thirty-six (36) months after the termination of your Continuous Service for any reason other than Cause, your Disability or your death...(except as otherwise or upon a Change in Control, provided in Section 8(d) below); provided, however, that if during any part of such three thirty-six (36) month period your option is not exercisable solely because of the condition set forth in the section above relating to 4. "Securities Law Compliance," Section 5, your option will shall not expire until the earlier of the Expiration Date or until it has shall have been exercisable for an aggregate period of three thirty-six (36) months after the termination of your Continuous Service; provided further, if during any part of such three (3) month period, the sale of any Common Stock received upon exercise of your option would violate the Company's insider trading policy, then your option will not expire until the earlier of the Expiration Date or until it has been exercisable for an aggregate period of three (3) months after the termination of your Continuous Service during which the sale of the Common Stock received upon exercise of your option would not be in violation of the Company's insider trading policy. Notwithstanding the foregoing, if (i) you are a Non-Exempt Employee, (ii) your Continuous Service terminates within six months after the Date of Grant, and (iii) you have vested in a portion of your option at the time of your termination of Continuous Service, your option will not expire until the earlier of (x) the later of (A) the date that is seven months after the Date of Grant, and (B) the date that is three months after the termination of your Continuous Service, and (y) the Expiration Date; (c) 12 (b) thirty-six (36) months after the termination of your Continuous Service due to your Disability (except as otherwise provided in Section 8(d)) below; (d) 18 Disability; (c) thirty-six (36) months after your death if you die either during your Continuous Service or within three (3) months after your Continuous Service terminates; (d) thirty-six (36) months after your Continuous Service terminates for any reason other than Cause; if termination occurs as of, or within twelve (12) months following the effective date of a Change in Control; (e) the Expiration Date indicated in your Grant Notice; or (f) the day before the 10th tenth (10th) anniversary of the Date of Grant. If your option is an Incentive Stock Option, note that to obtain the federal income tax advantages associated with an Incentive Stock Option, the Code requires that at all times beginning on the Date of Grant and ending on the day three months before the date of your option's exercise, you must be an employee of the Company or an Affiliate, except in the event of your death or Disability. The Company has provided for extended exercisability of your option under certain circumstances for your benefit but cannot guarantee that your option will necessarily be treated as an Incentive Stock Option if you continue to provide services to the Company or an Affiliate as a Consultant or Director after your employment terminates or if you otherwise exercise your option more than three months after the date your employment with the Company or an Affiliate terminates.View More
Term. You The term of this option commences on the Grant Date, and expires on February 12, 2024 (the "Expiration Date," which date shall be no more than ten (10) years from the Grant Date), unless this option expires sooner as set forth below. In no event may not exercise your this option before the Date of Grant be exercised on or after the expiration of the option's term. The term of your Expiration Date. This option expires, subject shall terminate prior to the provisions of Section 5(h) of the Pla...n, upon the earliest of the following: (a) immediately upon the termination of your Continuous Service for Cause; (b) Expiration Date as follows: three (3) months after the termination of your Continuous Service for any reason other than Cause, your Disability "Service" (as defined below) as an employee, director or your death (except as otherwise provided in Section 8(d) below); provided, however, that if during any part of such three month period your option is not exercisable solely because consultant with the Company or an affiliate of the condition set forth in Company unless one of the section above relating following circumstances exists: (a) if your termination of Service is due to 4. "Securities Law Compliance," your permanent and total disability (within the meaning of Section 422(c)(6) of the Code), this option will not then expire until on the earlier of the Expiration Date set forth above or until it has been exercisable twelve (12) months following your termination of Service. (b) if your termination of Service is due to your death (or your death occurs within three (3) months following your termination of Service for an aggregate period any other reason), this option will then expire on the earlier of three the Expiration Date set forth above or twelve (12) months after the termination of your Continuous Service; provided further, death. (c) if during any part of such three (3) month period, the sale of any Common Stock received upon period you may not exercise of your option would violate solely because of the Company's insider trading policy, condition set forth in paragraph 5 above, then your option will not expire until the earlier of the Expiration Date or until it has this option shall have been exercisable for an aggregate period of three (3) months after your termination of Service. (d) if your exercise of the option within three (3) months after termination of your Continuous Service during which the sale would result in liability under section 16(b) of the Common Stock received upon exercise Securities Exchange Act of your option would not be in violation of the Company's insider trading policy. Notwithstanding the foregoing, if (i) you are a Non-Exempt Employee, (ii) your Continuous Service terminates within six months after the Date of Grant, and (iii) you have vested in a portion of your option at the time of your termination of Continuous Service, 1934, then your option will not expire until on the earlier of (x) (i) the later of (A) Expiration Date set forth above, (ii) the date that is seven months tenth (10th) day after the Date of Grant, last date upon which exercise would result in such liability or (iii) six (6) months and (B) the date that is three months ten (10) days after the termination of your Continuous Service, and (y) Service. Notwithstanding the Expiration Date; (c) 12 months after the foregoing, this option may be exercised following your termination of your Continuous Service due only as to your Disability (except as otherwise provided in Section 8(d)) below; (d) 18 months after your death if you die either during your Continuous Service or within three months after your Continuous Service terminates for any reason other than Cause; (e) that number of shares which were vested and exercisable under the Expiration Date indicated in your Grant Notice; or (f) the day before the 10th anniversary provisions of the Date of Grant. If your option is an Incentive Stock Option, note that to obtain the federal income tax advantages associated with an Incentive Stock Option, the Code requires that at all times beginning paragraph 2 on the Date date your Service terminated. For the purposes of Grant and ending on this Stock Option Agreement, the day three months before the date of term "Service" means your option's exercise, you must be an employee of continuous service with the Company or a Company affiliate as an Affiliate, except employee, director or consultant. A change in the event of your death or Disability. The Company has provided for extended exercisability of your option under certain circumstances for your benefit but cannot guarantee that your option will necessarily be treated as an Incentive Stock Option if capacity in which you continue to provide services render service to the Company or a Company affiliate (for example, a change from employee to a consultant or director), or a change in the entity for which you render such services, shall not constitute a termination of your Service. To the extent permitted by law, the Board of Directors, in its sole discretion, shall determine whether an Affiliate as a Consultant approved leave of absence, including sick leave, military leave or Director after any personal leave, results in an interruption of your employment terminates or if you otherwise exercise your option more than three months after the date your employment with the Company or an Affiliate terminates. Service. View More
Term. You may not exercise your option this Option before the Date of Grant or after the expiration of the option's its term. The term of your option this Option expires, subject to the provisions of Section 5(h) of the Plan, upon the earliest of the following: (a) a. immediately upon the termination of your Continuous Service if such termination is for Cause; (b) three b. six months after the termination of your Continuous Service if such termination is for any reason other than Cause, your Disabilit...y or your death (except as otherwise provided in Section 8(d) 7(d) below); provided, however, that if during any part of such three month period your option is not exercisable solely because of the condition set forth in the section above relating to 4. "Securities Law Compliance," your option will not expire until the earlier of the Expiration Date or until it has been exercisable for an aggregate period of three months after the termination of your Continuous Service; provided further, if during any part of such three (3) month period, the sale of any Common Stock received upon exercise of your option would violate the Company's insider trading policy, then your option will not expire until the earlier of the Expiration Date or until it has been exercisable for an aggregate period of three (3) months after the termination of your Continuous Service during which the sale of the Common Stock received upon exercise of your option would not be in violation of the Company's insider trading policy. Notwithstanding the foregoing, if (i) you are a Non-Exempt Employee, (ii) your Continuous Service terminates within six months after the Date of Grant, and (iii) you have vested in a portion of your option at the time of your termination of Continuous Service, your option will not expire until the earlier of (x) the later of (A) the date that is seven months after the Date of Grant, and (B) the date that is three months after the termination of your Continuous Service, and (y) the Expiration Date; (c) c. 12 months after the termination of your Continuous Service if such termination is due to your Disability (except as otherwise provided in Section 8(d)) below; (d) 7(d) below); d. 18 months after your death if you die either during your Continuous Service terminates due to your death or you die within three six months after your Continuous Service terminates for any reason other than Cause; (e) e. the Expiration Date indicated set forth in your the Grant Notice; or (f) f. the day before the 10th tenth anniversary of the Date of Grant. If your option is an Incentive Stock Option, note that to obtain the federal income tax advantages associated with an Incentive Stock Option, the Code requires that at all times beginning on the Date of Grant and ending on the day three months before the date of your option's exercise, you must be an employee of the Company or an Affiliate, except in the event of your death or Disability. The Company has provided for extended exercisability of your option under certain circumstances for your benefit but cannot guarantee that your option will necessarily be treated as an Incentive Stock Option if you continue to provide services to the Company or an Affiliate as a Consultant or Director after your employment terminates or if you otherwise exercise your option more than three months after the date your employment with the Company or an Affiliate terminates.View More
Term. You may not exercise your option before The term of this Option commences on the Date of Grant and expires on the Expiration Date, unless this Option expires sooner as set forth below or in the Plan. In no event may this Option be exercised on or after the expiration Expiration Date. This Option shall terminate prior to the Expiration Date as follows: three (3) months after your termination as a Service Provider unless one of the option's term. The term following circumstances exists: (a) Your t...ermination as a Service Provider is due to your Disability. This Option will then expire on the earlier of the Expiration Date set forth above or twelve (12) months following such termination. You should be aware that if your Disability is not considered a permanent and total disability within the meaning of Section 422(c)(6) of the Code, and you exercise this Option more than three (3) months following the date of your option expires, subject termination of service, your exercise will be treated for tax purposes as the exercise of a "nonstatutory stock option" instead of an "incentive stock option." (b) Your termination as a Service Provider is due to your death. This Option will then expire on the provisions of Section 5(h) earlier of the Plan, upon Expiration Date set forth above or twelve (12) months after your death. (c) Your termination as a Service Provider is due to your Retirement, and at all times on or following your Retirement Date you satisfy the earliest "Good Leaver" and "Good Standing" requirements set forth in Section 2 above, including the completion and submission of the following: (a) immediately upon applicable Certification Notice by the Certification Notice Deadline. This Option will then expire on the Expiration Date set forth above. For purposes of clarification, if at any time following your Retirement Date you do not complete and submit the applicable Certification Notice by the Certification Notice Deadline or you are not in Good Standing, then this Option will then expire three (3) months following the applicable Certification Notice Deadline or following the first date you are not in Good Standing, as applicable. (d) Your termination as a Service Provider is due to Cause (as defined in the Plan). This Option will then expire on the date of your Continuous Service for Cause; (b) three months after the termination of your Continuous Service for any reason other than Cause, your Disability or your death (except as otherwise provided in Section 8(d) below); provided, however, that if such termination. (e) If during any part of such three month (3)-month period you may not exercise your option is not exercisable Option solely because of the condition set forth in the section above relating to 4. "Securities Law Compliance," Section 5 above, then your option Option will not expire until the earlier of the Expiration Date set forth above or until it has been exercisable for an aggregate period of three months after the termination of your Continuous Service; provided further, if during any part of such three (3) month period, the sale of any Common Stock received upon exercise of your option would violate the Company's insider trading policy, then your option will not expire until the earlier of the Expiration Date or until it has this Option shall have been exercisable for an aggregate period of three (3) months after the your termination of as a Service Provider. (f) If your Continuous Service during which the sale exercise of the Common Stock received upon exercise of Option within three (3) months after your option termination as a Service Provider would not be result in violation liability under Section 16(b) of the Company's insider trading policy. Notwithstanding the foregoing, if (i) you are a Non-Exempt Employee, (ii) Exchange Act, then your Continuous Service terminates within six months after the Date of Grant, and (iii) you have vested in a portion of your option at the time of your termination of Continuous Service, your option Option will not expire until on the earlier of (x) the later of (A) the date that is seven months after the Date of Grant, and (B) the date that is three months after the termination of your Continuous Service, and (y) the Expiration Date; (c) 12 months after the termination of your Continuous Service due to your Disability (except as otherwise provided in Section 8(d)) below; (d) 18 months after your death if you die either during your Continuous Service or within three months after your Continuous Service terminates for any reason other than Cause; (e) (i) the Expiration Date indicated set forth above, or (ii) the tenth (10th) day after the last date upon which exercise would result in such liability. 4 However, except as provided in this Award Agreement, this Option may be exercised following your Grant Notice; or (f) termination as a Service Provider only as to that number of Shares as to which it was exercisable on the day before date of termination under the 10th anniversary provisions of the Date Section 2 of Grant. If your option is an Incentive Stock Option, note that this Award Agreement. In order to obtain the federal income tax advantages associated with an Incentive Stock Option, "incentive stock option," the Code requires that at all times beginning on the Date date of Grant grant of the Option and ending on the day three (3) months before the date of your option's the Option's exercise, you must be an employee of the Company or an Affiliate, any Parent or Subsidiary of the Company, except in the event of your death or Disability. The Company has provided may provide for continued vesting or extended exercisability of your option Option under certain circumstances for your benefit benefit, but cannot guarantee that your option Option will necessarily be treated as an Incentive Stock Option "incentive stock option" if you continue to provide services to the Company or an Affiliate any Parent or Subsidiary of the Company as a Consultant or Director after your employment terminates or if you otherwise exercise your option Option more than three (3) months after the date your employment with the Company or an Affiliate any Parent or Subsidiary of the Company terminates. View More
Term. You may not exercise your option Option before the Date of Grant or after the expiration of the option's Option's term. The term of your option Option expires, subject to the provisions of Section 5(h) of the Plan, Plan (regarding certain automatic extensions), Section 9(b) of the Plan (regarding a dissolution) or Section 9(c) of the Plan (regarding a Corporate Transaction), upon the earliest of the following: (a) immediately upon the termination of your Continuous Service for Cause; (b) three m...onths 90 days after the termination of your Continuous Service for any reason other than Cause, your Disability or your death (except as otherwise provided in Section 8(d) below); provided, however, that if during any part of such three month period your option is not exercisable solely because of the condition set forth in the section above relating to 4. "Securities Law Compliance," your option will not expire until the earlier of the Expiration Date or until it has been exercisable for an aggregate period of three months after the termination of your Continuous Service; provided further, if during any part of such three (3) month period, the sale of any Common Stock received upon exercise of your option would violate the Company's insider trading policy, then your option will not expire until the earlier of the Expiration Date or until it has been exercisable for an aggregate period of three (3) months after the termination of your Continuous Service during which the sale of the Common Stock received upon exercise of your option would not be in violation of the Company's insider trading policy. Notwithstanding the foregoing, if (i) you are a Non-Exempt Employee, (ii) your Continuous Service terminates within six months after the Date of Grant, and (iii) you have vested in a portion of your option at the time of your termination of Continuous Service, your option will not expire until the earlier of (x) the later of (A) the date that is seven months after the Date of Grant, and (B) the date that is three months after the termination of your Continuous Service, and (y) the Expiration Date; death; (c) 12 months after the termination of your Continuous Service due to your Disability (except as otherwise provided in Section 8(d)) below; clause (d) below); 2. (d) 18 months after your death if you die either during your Continuous Service or within three months 90 days after your Continuous Service terminates for any reason other than Cause; (e) the Expiration Date indicated in your Grant Notice; or (f) the day before the 10th anniversary of the Date of Grant. If your option is an Incentive Stock Option, note that to obtain the federal income tax advantages associated with an Incentive Stock Option, the Code requires that at all times beginning on the Date of Grant and ending on the day three months before the date of your option's exercise, you must be an employee of the Company or an Affiliate, except in the event of your death or Disability. The Company has provided for extended exercisability of your option under certain circumstances for your benefit but cannot guarantee that your option will necessarily be treated as an Incentive Stock Option if you continue to provide services to the Company or an Affiliate as a Consultant or Director after your employment terminates or if you otherwise exercise your option more than three months after the date your employment with the Company or an Affiliate terminates.View More
Term. You may not exercise your option Option before the Date of Grant or after the expiration of the option's Option's term. The term of your option Option expires, subject to the provisions of Section 5(h) of the Plan, Plan (regarding certain automatic extensions), Section 9(b) of the Plan (regarding a dissolution) or Section 9(c) of the Plan (regarding a Corporate Transaction), upon the earliest of the following: (a) immediately upon the termination of your Continuous Service for Cause; 2. (b) thre...e months 90 days after the termination of your Continuous Service for any reason other than Cause, your Disability or your death (except as otherwise provided in Section 8(d) below); provided, however, that if during any part of such three month period your option is not exercisable solely because of the condition set forth in the section above relating to 4. "Securities Law Compliance," your option will not expire until the earlier of the Expiration Date or until it has been exercisable for an aggregate period of three months after the termination of your Continuous Service; provided further, if during any part of such three (3) month period, the sale of any Common Stock received upon exercise of your option would violate the Company's insider trading policy, then your option will not expire until the earlier of the Expiration Date or until it has been exercisable for an aggregate period of three (3) months after the termination of your Continuous Service during which the sale of the Common Stock received upon exercise of your option would not be in violation of the Company's insider trading policy. Notwithstanding the foregoing, if (i) you are a Non-Exempt Employee, (ii) your Continuous Service terminates within six months after the Date of Grant, and (iii) you have vested in a portion of your option at the time of your termination of Continuous Service, your option will not expire until the earlier of (x) the later of (A) the date that is seven months after the Date of Grant, and (B) the date that is three months after the termination of your Continuous Service, and (y) the Expiration Date; death; (c) 12 months after the termination of your Continuous Service due to your Disability (except as otherwise provided in Section 8(d)) below; clause (d) below); (d) 18 months after your death if you die either during your Continuous Service or within three months 90 days after your Continuous Service terminates for any reason other than Cause; (e) the Expiration Date indicated in your Grant Notice; or (f) the day before the 10th anniversary of the Date of Grant. If your option is an Incentive Stock Option, note that to obtain the federal income tax advantages associated with an Incentive Stock Option, the Code requires that at all times beginning on the Date of Grant and ending on the day three months before the date of your option's exercise, you must be an employee of the Company or an Affiliate, except in the event of your death or Disability. The Company has provided for extended exercisability of your option under certain circumstances for your benefit but cannot guarantee that your option will necessarily be treated as an Incentive Stock Option if you continue to provide services to the Company or an Affiliate as a Consultant or Director after your employment terminates or if you otherwise exercise your option more than three months after the date your employment with the Company or an Affiliate terminates.View More
