Common use of Additional Forfeiture Clause in Contracts

Additional Forfeiture. (a) Notwithstanding any other provision of this Agreement, at the option of the Board in its sole and absolute discretion, all Options which are not Vested Options shall be immediately forfeited in the event any of the following events occur (each, a “Forfeiture Event”):

Appears in 4 contracts

Samples: Option Award Agreement (AERWINS Technologies Inc.), Option Award Agreement (AERWINS Technologies Inc.), Option Award Agreement (AERWINS Technologies Inc.)

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