Justia Forms Business Contracts Contract Clauses Term Term Groups Term Clause Example from Business Contracts

Term Clause Example from Business Contracts

This example Term clause appears in 10 contracts from 7 companies

Term. You may not exercise your Option before the commencement of its term or after its term expires. The term of your Option commences on the Date of Grant and expires 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, Disability or death; (c) 12 months after the termination of your Continuous Service due to your Disability; (d) 18 months after... your death if you die during your Continuous Service; (e) immediately upon a Corporate Transaction if the Board has determined that the Option will terminate in connection with a Corporate Transaction, (f) the Expiration Date indicated in your Grant Notice; or (g) the day before the 10th anniversary of the Date of Grant. Notwithstanding the foregoing, if you die during the period provided in Section 3(b) or 3(c) above, the term of your Option shall not expire until the earlier of (i) 18 months after your death, (ii) upon any termination of the Option in connection with a Corporate Transaction, (iii) the Expiration Date indicated in your Grant Notice, or (iv) the day before the tenth anniversary of the Date of Grant. Additionally, the Post-Termination Exercise Period of your Option may be extended as provided in Section 4(i) of the Plan. 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 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. If the Company provides for the extended exercisability of your Option under certain circumstances for your benefit, your Option will not necessarily be treated as an Incentive Stock Option if you exercise your Option more than three months after the date your employment terminates. View More

Found in Silver Spike Acquisition Corp. contract

Silver Spike Acquisition Corp. Contracts

Form of Stock Option Grant Notice (Filed With SEC on June 22, 2021)

Artius Acquisition Inc. Contracts

Form of Stock Option Grant Notice, Stock Option Agreement, Restricted Stock Unit Grant Notice and Restricted Stock Unit Award Agreement under the 2021 Equity Incentive Plan (Filed With SEC on July 1, 2021)

Eliem Therapeutics, Inc. Contracts

Forms of Option Agreement, Stock Option Grant Notice and Notice of Exercise under the 2021 Equity Incentive Plan (Filed With SEC on August 2, 2021)

Adagio Therapeutics, Inc. Contracts

2021 Equity Incentive Plan and Forms of Stock Option Grant Notice, Stock Option Agreement, Notice of Exercise, RSU Award Grant Notice and RSU Award Agreement (Filed With SEC on August 2, 2021)

2021 Equity Incentive Plan and Forms of Stock Option Grant Notice, Stock Option Agreement, Notice of Exercise, RSU Award Grant Notice and RSU Award Agreement (Filed With SEC on November 10, 2022)

GX Acquisition Corp. Contracts

Celularity Inc. 2021 Equity Incentive Plan and Forms of Stock Option Grant Notice, Option Agreement and Notice of Exercise thereunder (Filed With SEC on August 16, 2021)