Common use of Disability of Participant Clause in Contracts

Disability of Participant. If Participant ceases to be an Employee as a result of Participant’s Disability, the Option may be exercised for the full Term of the Option after the date of such termination (but in no event later than the expiration date of the Option as set forth in the Notice of Grant or as provided in Section 12{c}) to the extent that the Option is vested on the date of such termination. Unless the Board approves otherwise, if on the date of termination, the participant is not vested as to his or her entire option, the unvested portion of the Option shall terminate and Participant shall have no further rights to acquire the Shares subject thereto. If, after termination, the Participant does not exercise his or her Option within the time specified herein, the Option shall terminate and Participant shall have no further rights to acquire the Shares subject thereto.

Appears in 4 contracts

Samples: Executive Employment Agreement (Indoor Harvest Corp), Executive Employment Agreement (Indoor Harvest Corp), Executive Employment Agreement (Indoor Harvest Corp)

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Disability of Participant. If Participant ceases to be an Employee a Service Provider as a result of Participant’s Disability, the Option may be exercised for the full Term a period of the Option twelve (12) months after the date of such termination (but in no event later than the expiration date of the Option as set forth in the Notice of Grant or as provided in Section 12{c}) 12 to the extent that the Option is vested on the date of such termination. Unless the Board approves provides otherwise, if on the date of termination, termination the participant Participant is not vested as to his or her entire optionOption, the unvested portion of the Option shall terminate and Participant shall have no further rights to acquire the Shares subject thereto. If, after termination, the Participant does not exercise his or her Option within the time specified herein, the Option shall terminate and Participant shall have no further rights to acquire the Shares subject thereto.

Appears in 2 contracts

Samples: Vaxcyte, Inc., Realpage Inc

Disability of Participant. If Participant ceases to be an Employee a Service Provider as a result of Participant’s Disability, the Option may be exercised for the full Term of the Option after the date of such termination (but in no event later than the expiration date of the Option as set forth in the Notice of Grant or as provided in Section 12{c}) to the extent that the Option is vested on the date of such termination. Unless the Board approves otherwise, if on the date of termination, the participant is not vested as to his or her entire option, the unvested portion of the Option shall terminate and Participant shall have no further rights to acquire the Shares subject thereto. If, after termination, the Participant does not exercise his or her Option within the time specified herein, the Option shall terminate and Participant shall have no further rights to acquire the Shares subject thereto.

Appears in 2 contracts

Samples: Advisor Agreement (Indoor Harvest Corp), Advisor Agreement (Indoor Harvest Corp)

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Disability of Participant. If Participant ceases to be an Employee a Service Provider as a result of Participant’s Disability, the Option Warrant may be exercised for the full Term a period of the Option twelve (12) months after the date of such termination (but in no event later than the expiration date of the Option Warrant as set forth in the Notice of Grant or as provided in Section 12{c}) 12 to the extent that the Option Warrant is vested on the date of such termination). Unless the Board approves provides otherwise, if on the date of termination, termination the participant Participant is not vested as to his or her entire optionWarrant, the unvested portion of the Option Warrant shall terminate and Participant shall have no further rights to acquire the Shares subject thereto. If, after termination, the Participant does not exercise his or her Option Warrant within the time specified herein, the Option Warrant shall terminate and Participant shall have no further rights to acquire the Shares subject thereto.

Appears in 2 contracts

Samples: www.sec.gov, Loop Industries, Inc.

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