Termination of Relationship Clause Example with 5 Variations from Business Contracts

This page contains Termination of Relationship 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.
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

Variations of a "Termination of Relationship" Clause from Business Contracts

Termination of Relationship. (a) If for any reason reason, except death or disability as provided below, the Optionee ceases to perform services for the Company, be a Director, then all rights granted hereunder shall terminate effective one year from that date. Any part of the Options that was not vested immediately before termination of the Optionee's employment shall terminate at that time. (b) If the Optionee ceases shall die prior to provide services for the Company termination of service as a result of his death, Direc...tor, 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 vested 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 becomes disabled within (within the meaning of Section 22(e)(3) of the Internal Revenue Code of 1986, all rights granted hereunder shall terminate effective 1986) prior to termination of service as a Director, and the Optionee's services are terminated as a consequence of such disability, then the vested Options may be exercised within one year from that date. the date the services were terminated as a result of the disability. (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 Meet 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
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 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 3 Contracts from VerifyMe, Inc.
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 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 Optionee's the Opti...ons 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