Termination of Relationship Contract Clauses (138)

Grouped Into 5 Collections of Similar Clauses From Business Contracts

This page contains Termination of Relationship clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Termination of Relationship. Following the date of termination of Optionee's Continuous Service Status for any reason (the "Termination Date"), Optionee may exercise the Option only as set forth in the Notice and this Section 5. To the extent that Optionee is not entitled to exercise this Option as of the Termination Date, or if Optionee does not exercise this Option within the Termination Period set forth in the Notice or the termination periods set forth below, the Option shall terminate in its entirety. In no event may a...ny Option be exercised after the Expiration Date of the Option as set forth in the Notice. (a) Termination. In the event of termination of Optionee's Continuous Service Status other than as a result of Optionee's disability or death, Optionee may, to the extent Optionee is vested in the Option Shares at the date of such termination (the "Termination Date"), exercise this Option during the Termination Period set forth in the Notice. (b) Other Terminations. In connection with any termination other than a termination covered by Section 5(a), Optionee may exercise the Option only as described below: (i) Termination upon Disability of Optionee. In the event of termination of Optionee's Continuous Service Status as a result of Optionee's disability, Optionee may, but only within six (6) months from the Termination Date, exercise this Option to the extent Optionee was vested in the Option Shares as of such Termination Date. (ii) Death of Optionee. In the event of the death of Optionee (a) during the term of this Option and while an Employee or Consultant of the Company and having been in Continuous Service Status since the date of grant of the Option, or (b) within thirty (30) days after Optionee's Termination Date, the Option may be exercised at any time within twelve (12) months following the date of death by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent Optionee was vested in the Option as of the Termination Date. View More
Found in Tobira Therapeutics, Inc. contract
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Termination of Relationship. Following the date of termination of Optionee's Continuous Service Status for any reason (the "Termination Date"), Optionee may exercise the this Option only as set forth in the Notice and this Section 5. To the extent that Optionee is not entitled to exercise this Option as of the Termination Date, or if If Optionee does not exercise this Option within the Termination Period set forth in the Notice or the termination periods set forth below, the this Option shall terminate in its entirety. In n...o event event, may any Option be exercised after the Expiration Date of the this Option as set forth in the Notice. 2 (a) Termination. In the event of termination of Optionee's Continuous Service Status other than as a result of Optionee's disability Disability or death, death or for Cause, Optionee may, to the extent Optionee is vested in the Option Shares at the date of such termination (the "Termination Date"), Shares, exercise this Option during the Termination Period set forth in the Notice. (b) Other Terminations. In connection with any termination other than a termination covered by Section 5(a), Optionee may exercise the this Option only as described below: (i) Termination upon Disability of Optionee. In the event of termination of Optionee's Continuous Service Status as a result of Optionee's disability, Disability, Optionee may, but only within six (6) months from following the Termination Date, date of such termination (the "Termination Date"), exercise this Option to the extent Optionee was is vested in the Option Shares as of such Termination Date. Shares. (ii) Death of Optionee. In the event of the death termination of Optionee (a) during the term of this Option and while an Employee or Consultant of the Company and having been in Optionee's Continuous Service Status since as a result of Optionee's death, or in the date event of grant of the Option, or (b) Optionee's death within thirty (30) days after following Optionee's Termination Date, the this Option may be exercised at any time within twelve (12) months following the date of death (or, if earlier, the date Optionee's Continuous Service Status terminated) by Optionee's estate or by a person who acquired the right to exercise the this Option by bequest or inheritance, but only to the extent Optionee was is vested in this Option. (iii) Termination for Cause. In the event of termination of Optionee's Continuous Service Status for Cause, this Option as (including any vested portion thereof) shall immediately terminate in its entirety upon first notification to Optionee of such termination for Cause. If Optionee's Continuous Service Status is suspended pending an investigation of whether Optionee's Continuous Service Status will be terminated for Cause, all Optionee's rights under this Option, including the Termination Date. right to exercise this Option, shall be suspended during the investigation period. View More
Found in Uber Technologies, Inc contract
Termination of Relationship. Following the date of termination of Optionee's Continuous Service Status for any reason (the "Termination Date"), Optionee may exercise the this Option only as set forth in the Notice and this Section 5. To the extent that Optionee is not entitled to exercise this Option as of the Termination Date, or if If Optionee does not exercise this Option within the Termination Period set forth in the Notice or the termination periods set forth below, the this Option shall terminate in its entirety. In n...o event event, may any Option be exercised after the Expiration Date of the this Option as set forth in the Notice. (a) Termination. In the event of termination of Optionee's Continuous Service Status other than as a result of Optionee's disability Disability or death, death or for Cause, Optionee may, to the extent Optionee is vested in the Option Shares at the date of such termination (the "Termination Date"), Shares, exercise this Option during the Termination Period set forth in the Notice. (b) Other Terminations. In connection with any termination other than a termination covered by Section 5(a), Optionee may exercise the this Option only as described below: (i) Termination upon Disability of Optionee. In the event of termination of Optionee's Continuous Service Status as a result of Optionee's disability, Disability, Optionee may, but only within six (6) twelve (12) months from following the Termination Date, exercise this Option to the extent Optionee was is vested in the Option Shares as of such Termination Date. Shares. (ii) Death of Optionee. In the event of the death termination of Optionee (a) during the term of this Option and while an Employee or Consultant of the Company and having been in Optionee's Continuous Service Status since as a result of Optionee's death, or in the date event of grant of the Option, or (b) Optionee's death within thirty (30) days after three (3) months following Optionee's Termination Date, the this Option may be exercised at any time within twelve (12) months following the date of death (or, if earlier, the date Optionee's Continuous Service Status terminated) by Optionee's estate or by a person who acquired the right to exercise the this Option by bequest or inheritance, but only to the extent Optionee was is vested in this Option. 3 (iii) Termination for Cause. In the event of termination of Optionee's Continuous Service Status for Cause, this Option as (including any vested portion thereof) shall immediately terminate in its entirety upon first notification to Optionee of such termination for Cause. If Optionee's Continuous Service Status is suspended pending an investigation of whether Optionee's Continuous Service Status will be terminated for Cause, all Optionee's rights under this Option, including the Termination Date. right to exercise this Option, shall be suspended during the investigation period. View More
Found in Asana, Inc. contract
Termination of Relationship. Following the date of termination of Optionee's Continuous Service Status for any reason (the "Termination Date"), Optionee may exercise the this Option only as set forth in the Notice and this Section 5. To the extent that Optionee is not entitled to exercise this Option as of the Termination Date, or if If Optionee does not exercise this Option within the Termination Period set forth in the Notice or the termination periods set forth below, the Notice, this Option shall terminate in its entire...ty. In no event may any Option be exercised after the Expiration Date of the this Option as set forth in the Notice. -2- (a) General Termination. In the event of termination of Optionee's Continuous Service Status other than as a result of Optionee's disability or death, Status, Optionee may, to the extent Optionee is vested in the Option Shares Optioned Stock at the date of such termination (the "Termination Date"), termination, exercise this Option during the Termination Period set forth in the Notice. (b) Other Terminations. In connection with any termination other than a termination covered by Section 5(a), Optionee may exercise the Option only as described below: (i) Termination upon Disability Death of Optionee. In the event of termination of Optionee's Continuous Service Status as a result of Optionee's disability, Optionee may, but only within six (6) months from the Termination Date, exercise death, this Option to the extent Optionee was vested in the Option Shares as of such Termination Date. (ii) Death of Optionee. In the event of the death of Optionee (a) during the term of this Option and while an Employee or Consultant of the Company and having been in Continuous Service Status since the date of grant of the Option, or (b) within thirty (30) days after Optionee's Termination Date, the Option may be exercised at any time within twelve (12) months following during the date Termination Period set forth in the Notice by any beneficiaries designated in accordance with Section 15 of death the Plan or, if there are no such beneficiaries, by the Optionee's estate estate, or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent Optionee was is vested in this Option. (c) Termination for Cause. In the event of termination of Optionee's Continuous Service Status for Cause, this Option as (including any vested portion thereof) shall immediately terminate in its entirety upon the date on which the Company determines that the Optionee has committed Cause. If Optionee's Continuous Service Status is suspended pending an investigation of whether Optionee's Continuous Service Status will be terminated for Cause, all Optionee's rights under this Option, including the Termination Date. right to exercise this Option, shall be suspended during the investigation period. View More
Found in Upstart Holdings, Inc. contract
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Termination of Relationship. If Optionee ceases to be a Service Provider (other than by reason of Optionee's death or Disability), Optionee may exercise this Option during the three (3) month period immediately following the date Optionee ceases to be a Service Provider to the extent the Option was vested on such date (and in no event later than the expiration date of the term of this Option as set forth in the Grant Notice). To the extent that Optionee does not exercise this Option within the time specified herein, the Opt...ion shall terminate. 3 8. Disability of Optionee. If Optionee ceases to be a Service Provider as a result of his or her Disability, Optionee may exercise the Option to the extent the Option is vested on the date of exercise, but only within twelve (12) months from the date Optionee ceases to be a Service Provider (and in no event later than the expiration date of the term of this Option as set forth in the Grant Notice). To the extent that Optionee does not exercise this Option within the time specified herein, the Option shall terminate. View More
Found in Imago BioSciences, Inc. contract
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Termination of Relationship. If Optionee ceases to be a Service Provider (other than by reason of a termination by the Company for Cause or Optionee's death or Disability), the total and permanent disability of Optionee may exercise this Option during as defined in Code Section 22(e)(3)), to the three (3) month period immediately following extent vested as of the date on which Optionee ceases to be a Service Provider to the extent (taking into account any vesting that may occur in connection with such termination), the Opti...on was vested on shall remain exercisable for a period of 90 days immediately following such date (and of termination (but in no event later than the expiration date of the term of this the Option as set forth in the Grant Notice). Notice of Grant). To the extent that the Option is not vested as of the date on which Optionee ceases to be a Service Provider, or if Optionee does not exercise this the Option within the time specified herein, the Option shall terminate. 3 8. Disability of Optionee. If Optionee ceases to be a Service Provider as a result of his or her Disability, Optionee may exercise the Option to the extent the Option is vested on the date of exercise, but only within twelve (12) months from the date Optionee ceases to be a Service Provider (and in no event later than the expiration date of the term of this Option as set forth in the Grant Notice). To the extent that Optionee does not exercise this Option within the time specified herein, the Option shall terminate. View More
Found in Honest Company, Inc. contract
Termination of Relationship. If Optionee ceases to be a Service Provider (other than by reason of Optionee's death or Disability), the total and permanent disability of the Optionee within the meaning of Code Section 22(e)(3)), Optionee may exercise this Option during the three (3) month period immediately following Termination Period set out in the date Optionee ceases to be a Service Provider Notice of Grant, to the extent the Option was vested on such the date (and in no event later than the expiration date of the term o...f this Option as set forth in the Grant Notice). on which Optionee ceases to be a Service Provider. To the extent that the Option is not vested on the date on which Optionee ceases to be a Service Provider, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate. 3 8. Disability of Optionee. If Optionee ceases to be a Service Provider as a result of his or her Disability, Optionee may exercise the Option to the extent the Option is vested on the date of exercise, but only within twelve (12) months from the date Optionee ceases to be a Service Provider (and in no event later than the expiration date of the term of this Option as set forth in the Grant Notice). To the extent that Optionee does not exercise this Option within the time specified herein, the Option shall terminate. View More
Found in Sagimet Biosciences Inc. contract
Termination of Relationship. If Optionee ceases to be a Service Provider (other than by reason of a termination by the Company for Cause or Optionee's death or Disability), the total and permanent disability of Optionee may exercise this Option during as defined in Code Section 22(e)(3)), to the three (3) month period immediately following extent vested as of the date on which Optionee ceases to be a Service Provider to the extent (taking into account any vesting that may occur in connection with such termination), the Opti...on was vested on shall remain exercisable for a period of thirty (30) days immediately following such date (and of termination (but in no event later than the expiration date of the term of this the Option as set forth in the Grant Notice). To Notice of Grant). Except as set forth in Section I (Termination Period) above, to the extent that the Option is not vested as of the date on which Optionee ceases to be a Service Provider, or if Optionee does not exercise this the Option within the time specified herein, the Option shall terminate. 3 8. Disability of Optionee. If Optionee ceases to be a Service Provider as a result of his or her Disability, Optionee may exercise the Option to the extent the Option is vested on the date of exercise, but only within twelve (12) months from the date Optionee ceases to be a Service Provider (and in no event later than the expiration date of the term of this Option as set forth in the Grant Notice). To the extent that Optionee does not exercise this Option within the time specified herein, the Option shall terminate. View More
Found in LEGALZOOM COM INC contract
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Termination of Relationship. (a) If for any reason the Optionee ceases to perform services for the Company, all rights granted hereunder shall terminate effective one year from that date. (b) If the Optionee ceases to provide services for the Company as a result of his death, the Optionee's estate or any Transferee, as defined herein, shall have the right within one year from the date of the Optionee's death to exercise the Optionee's the Options subject to Section 3(c). For the purpose of this Agreement, "Transferee" shall... mean a person to whom such shares are transferred by will or by the laws of descent and distribution. 2 (c) If the Optionee ceases to provide services as a result of becoming disabled within the meaning of Section 22(e)(3) of the Internal Revenue Code of 1986, all rights granted hereunder shall terminate effective one year from that date. (d) Notwithstanding anything contained in this Section 4, the Options may not be exercised after the Expiration Date. (e) Any of the Options that were not vested immediately prior to termination of services shall terminate at that time. For purposes of this Agreement "Company" shall include subsidiaries and/or affiliates of the Company. View More
Found in TRULI TECHNOLOGIES, INC. contract
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Termination of Relationship. (a) If Except as provided in Section 4(b) or (c), if for any reason the Optionee ceases to perform services for as an employee of the Company, all rights granted hereunder shall terminate effective one year three months from that date. (b) If the Optionee ceases to provide services for the Company as a result of his her death, the Optionee's estate or any Transferee, as defined herein, shall have the right within one year from for 12 months form the date of the Optionee's death to exercise the O...ptionee's the Options subject to Section 3(c). For the purpose of this Agreement, "Transferee" shall mean a person to whom such shares are transferred by will or by the laws of descent and distribution. 2 (c) If the Optionee ceases to provide services as a result of becoming disabled within the meaning of Section 22(e)(3) of the Internal Revenue Code of 1986, Code, all rights granted hereunder shall terminate effective one year from that date. (d) Notwithstanding anything contained in this Section 4, the Options may not be exercised after the Expiration Date. (e) Any of the Options that were not vested immediately prior to termination of services the Termination Date shall terminate at that time. For purposes of this Agreement Section 4 "Company" shall include subsidiaries and/or affiliates of the Company. View More
Found in VerifyMe, Inc. contract
Termination of Relationship. (a) If Except as provided in Section 4(b) or (c), if for any reason the Optionee ceases to perform services for the Company, all rights granted hereunder shall terminate effective one year 12 months from that date. (b) If the Optionee ceases to provide services for the Company as a result of his her death, the Optionee's estate or any Transferee, as defined herein, shall have the right within one year from for 12 months form the date of the Optionee's death to exercise the Optionee's the Options... subject to Section 3(c). For the purpose of this Agreement, "Transferee" shall mean a person to whom such shares are transferred by will or by the laws of descent and distribution. 2 (c) If the Optionee ceases to provide services as a result of becoming disabled within the meaning of Section 22(e)(3) of the Internal Revenue Code of 1986, Code, all rights granted hereunder shall terminate effective one year from that date. (d) Notwithstanding anything contained in this Section 4, the Options may not be exercised after the Expiration Date. (e) Any of the Options that were not vested immediately prior to termination of services the Termination Date shall terminate at that time. For purposes of this Agreement Section 4 "Company" shall include subsidiaries and/or affiliates of the Company. View More
Found in ASPEN GROUP, INC. contract
Termination of Relationship. (a) If for any reason the Optionee ceases to perform services for the Company, all rights granted hereunder shall terminate effective one year ninety days from that date. (b) If the Optionee ceases to provide services for the Company as a result of his death, the Optionee's estate or any Transferee, as defined herein, shall have the right within one year ninety days from the date of the Optionee's death to exercise the Optionee's the Incentive Options subject to Section 3(c). For the purpose of ...this Agreement, "Transferee" shall mean a person to whom such shares are transferred by will or by the laws of descent and distribution. 2 (c) If the Optionee ceases to provide services as a result of becoming disabled within the meaning of Section 22(e)(3) of the Internal Revenue Code of 1986, all rights granted hereunder shall terminate effective one year ninety days from that date. (d) Notwithstanding anything contained in this Section 4, the Incentive Options may not be exercised after the Expiration Date. (e) Any of the Incentive Options that were not vested immediately prior to termination of services shall terminate at that time. For purposes of this Agreement "Company" shall include subsidiaries and/or affiliates of the Company. View More
Found in TRULI TECHNOLOGIES, INC. contract
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Termination of Relationship. (a) If for any reason, except death or disability as provided below, the Optionee ceases to perform the services for which the Options were granted, all unvested options shall be automatically and irrefutably forfeited effective three months from the date the Board has deemed that the Optionee has ceased to perform such services, except as otherwise provided herein. (b) If the Optionee shall die while performing services for the Company, such Optionee's estate or any Transferee (as defined herei...nafter) shall have the right within twelve (12) months from the date of death to exercise the Optionee's vested Options, subject to Section 3(c) hereof. For the purpose of this Agreement, "Transferee" shall mean an individual to whom such Optionee's vested Options are transferred by will or by the laws of descent and distribution. (c) If the Optionee shall become disabled while performing services for the Company within the meaning of Section 22(e)(3) of the Code, the three-month period referred to in Section 4(a) of this Agreement shall be extended to one year. View More
Found in ACTIVECARE, INC. contract
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Termination of Relationship. Upon Optionee's termination of service, all unvested Options shall be automatically and irrefutably forfeited. (a) If for any reason, except death or disability as provided below, the Optionee ceases to perform the services for which the Options were granted, all unvested options the Optionee shall be automatically and irrefutably forfeited effective have the right within three (3) months from the date of cessation to exercise the Board has deemed that the Optionee has ceased Optionee's vested O...ptions, subject to perform such services, except as otherwise provided herein. Section 3(c) hereof. (b) If the Optionee shall die while performing services for the Company, such Optionee's estate or any Transferee (as defined hereinafter) shall have the right within twelve (12) months from the date of death to exercise the Optionee's vested Options, subject to Section 3(c) hereof. For the purpose of this Agreement, "Transferee" shall mean an individual to whom such Optionee's vested Options are transferred by will or by the laws of descent and distribution. (c) If the Optionee shall become disabled while performing services for the Company within the meaning of Section 22(e)(3) of the Code, the three-month period referred to in Section 4(a) 5(a) of this Agreement shall be extended to one year. View More
Found in CONVERSION LABS, INC. contract
Termination of Relationship. (a) If for any reason, except death or disability as provided below, the Optionee ceases to perform the services for which the Options were granted, all unvested options shall be automatically and irrefutably forfeited effective three months from the date the Board has deemed that the Optionee has ceased to perform such services, except as otherwise provided herein. (b) If the Optionee shall die while performing services for the Company, such Optionee's estate or any Transferee (as defined herei...nafter) shall have the right within twelve (12) months from the date of death to exercise the Optionee's vested Options, subject to Section 3(c) hereof. For the purpose of this Agreement, "Transferee" shall mean an individual to whom such Optionee's vested Options are transferred by will or by the laws of descent and distribution. (c) If the Optionee shall become disabled while performing services for the Company within the meaning of Section 22(e)(3) of the Code, the three-month period referred to in Section 4(a) of this Agreement shall be extended to one year. 2 5. Profits on the Sale of Certain Shares; Redemption. If any of the events specified in Section 3(c) of this Agreement occur within one (1) year from the last date the Optionee performed services for which the Options were granted (the "Termination Date"), all profits earned from the sale of the Company's securities, including the sale of shares of Common Stock underlying the Options, during the two (2) year period commencing one (1) year prior to the Termination Date shall be forfeited and forthwith paid by the Optionee to the Company (and a copy of the documentation of the sale, including, without limitation, the purchase price therefor shall be provided to the Company) within ten (10) days after the Optionee receives written demand from the Company for such payment. Further, in such event, the Company may at its option redeem shares of Common Stock acquired upon exercise of the Options by payment of the exercise price to the Optionee. The Company's rights under this Section 5 do not lapse one year from the Termination Date, but are a contract right subject to any appropriate statutory limitation period. View More
Found in SPORTS FIELD HOLDINGS, INC. contract
Termination of Relationship. (a) If for any reason, except death or disability as provided below, the Optionee ceases to perform the services for which the Options were granted, all unvested options shall be automatically and irrefutably forfeited effective three months from the date the Board has deemed that the Optionee has ceased to perform such services, except as otherwise provided herein. (b) If the Optionee shall die while performing services for the Company, such Optionee's estate or any Transferee (as defined herei...nafter) shall have the right within twelve (12) months from the date of death to exercise the Optionee's vested Options, subject to Section 3(c) hereof. For the purpose of this Agreement, "Transferee" shall mean an individual to whom such Optionee's vested Options are transferred by will or by the laws of descent and distribution. (c) If the Optionee shall become disabled while performing services for the Company within the meaning of Section 22(e)(3) of the Code, the three-month period referred to in Section 4(a) of this Agreement shall be extended to one year. 2 5. Profits on the Sale of Certain Shares; Redemption. If any of the events specified in Section 3(c) of this Agreement occur within one (1) year from the last date the Optionee performed services for which the Options were granted (the "Termination Date"), all profits earned from the sale of the Company's securities, including the sale of shares of Common Stock underlying the Options, during the two (2) year period commencing one (1) year prior to the Termination Date shall be forfeited and forthwith paid by the Optionee to the Company (and a copy of the documentation of the sale, including, without limitation, the purchase price therefor shall be provided to the Company) within ten (10) days after the Optionee receives written demand from the Company for such payment. Further, in such event, the Company may at its option redeem shares of Common Stock acquired upon exercise of the Options by payment of the exercise price to the Optionee. The Company's rights under this Section 5 do not lapse one year from the Termination Date, but are a contract right subject to any appropriate statutory limitation period. View More
Found in Attis Industries Inc. contract
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Termination of Relationship. Following the date of termination of Participant's Continuous Service Status for any reason, including the Participant's death or Disability (the "Termination Date"), other than a termination for Cause, Participant may continue to hold the vested portion of the Award, only as set forth in the Notice and this Section 8. The unvested portion of the Award on the Termination Date shall be forfeited on such date. Notwithstanding the foregoing, any Award granted to an individual who is nominated to be...come a Director and is not an Employee or Consultant or a director of a Parent at the time of grant shall be forfeited in its entirety if such individual does not commence providing services to the Company within 12 months after the date of grant of such Award. View More
Found in Calyxt, Inc. contract
Termination of Relationship. Following the date of termination of Participant's Continuous Service Status for any reason, including the Participant's death or Disability (the "Termination Date"), other than a termination for Cause, Participant may continue to hold the vested portion of the Award, only as set forth in the Notice and this Section 8. The unvested portion of the Award on the Termination Date shall be forfeited on such date. Notwithstanding the foregoing, any the Award granted to an individual who is nominated t...o become a Director and is not an Employee or Consultant or a director of a Parent at the time of grant shall be forfeited in its entirety if such individual the Participant does not commence providing services to the Company within 12 months after the date of grant of such the Award. View More
Found in Calyxt, Inc. contract
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