Cessation of Employment. If the Participant’s Employment ceases, except as expressly provided for in an employment agreement between the Participant and the Company that is in effect at the time of such termination, the Stock Option, to the extent not then vested, will be immediately forfeited for no consideration, and any vested portion of the Stock Option that is then outstanding will remain exercisable for the period described in Section 6(a)(4) of the Plan.
Appears in 6 contracts
Samples: Non Statutory Stock Option Agreement (Spinal Elements Holdings, Inc.), Stock Option Award Agreement (Agenus Inc), Non Statutory Stock Option Agreement (Beam Therapeutics Inc.)
Cessation of Employment. If the Participant’s Employment ceasesceases for any reason, except as expressly provided for in an employment a written agreement between the Participant and the Company or one of its affiliates that is in effect at the time of such terminationcessation of Employment, the Stock Option, to the extent not then vested, will be immediately forfeited for no consideration, and any vested portion of the Stock Option that is then outstanding will remain exercisable for the period period, if any, described in Section 6(a)(4) of the Plan.
Appears in 5 contracts
Samples: Stock Option Agreement (Verastem, Inc.), Statutory Stock Option Agreement (Verastem, Inc.), Non Statutory Stock Option Agreement (Hillman Solutions Corp.)
Cessation of Employment. If the Participant’s Employment ceases, except as expressly provided for in an employment agreement between the Participant and the Company that is in effect at the time of such termination, the Stock Option, to the extent not then vested, will be immediately forfeited for no consideration, and any vested portion of the Stock Option that is then outstanding will remain exercisable for the period described in Section 6(a)(4) of the Plan.
Appears in 3 contracts
Samples: Non Statutory Stock Option Agreement (Sigilon Therapeutics, Inc.), Stock Option Agreement (Spinal Elements Holdings, Inc.), Non Statutory Stock Option Agreement (Vapotherm Inc)
Cessation of Employment. If the Participant’s Employment ceases, except as expressly provided ceases for in an employment agreement between the Participant and the Company that is in effect at the time of such terminationany reason, the Stock Option, to the extent not then vested, will be immediately forfeited for no consideration, and any vested portion of the Stock Option that is then outstanding will remain exercisable for the period period, if any, described in Section 6(a)(4) of the Plan.
Appears in 3 contracts
Samples: Equity Incentive (Olaplex Holdings, Inc.), Stock Option Agreement (Verastem, Inc.), Stock Option Agreement (Cyteir Therapeutics, Inc.)
Cessation of Employment. If the ParticipantOptionee’s Employment ceases, except as expressly provided for in an employment or other individual agreement between the Participant Optionee and the Company that is in effect at the time or any of such terminationits subsidiaries, the Stock Option, to the extent not then already vested, will be immediately forfeited for no considerationforfeited, and any vested portion of the Stock Option that is then outstanding will remain exercisable for the period described be treated as provided in Section 6(a)(4) of the Plan.
Appears in 2 contracts
Samples: Non Statutory Stock Option Award Agreement (Zai Lab LTD), Equity Incentive Plan (Zai Lab LTD)
Cessation of Employment. If the ParticipantOptionee’s Employment ceases, except as expressly provided for in an employment agreement between the Participant and the Company that is in effect at the time of such terminationsubsection (d) below, the Stock Option, to the extent not then already vested, will be immediately forfeited for no considerationforfeited, and any vested portion of the Stock Option that is then outstanding will remain exercisable for the period described be treated as provided in Section 6(a)(4) of the Plan.
Appears in 2 contracts
Samples: Non Statutory Stock Option Agreement (Osmotica Pharmaceuticals PLC), Non Statutory Stock Option Agreement (Osmotica Pharmaceuticals LTD)
Cessation of Employment. If the ParticipantOptionee’s Employment ceases, except as expressly provided for in an employment or other individual agreement between the Participant Optionee and the Company that is in effect at the time of such terminationor its Affiliate, the Stock Option, to the extent not then already vested, will be immediately forfeited for no considerationforfeited, and any vested portion of the Stock Option that is then outstanding will remain exercisable for the period described be treated as provided in Section 6(a)(4) of the Plan.
Appears in 1 contract
Samples: Non Statutory Stock Option Agreement (Mersana Therapeutics, Inc.)
Cessation of Employment. If the ParticipantOptionee’s Employment ceases, except as expressly provided for in an employment or other individual agreement between the Participant Optionee and the Company that is in effect at the time of such terminationor its Affiliate, the Stock Option, to the extent not then already vested, will be immediately forfeited for no considerationforfeited, and any vested portion of the Stock Option that is then outstanding will remain exercisable for the period described be treated as provided in Section 6(a)(4) of the Plan. .
Appears in 1 contract
Samples: Inducement Stock Option Agreement (Mersana Therapeutics, Inc.)
Cessation of Employment. If the Participant’s Employment ceases, except Except as expressly provided for in an employment agreement between the Participant and the Company that is in effect at the time of such terminationthe Participant’s termination of employment, if the Participant’s Employment ceases, the Stock Option, to the extent not then vested, will be immediately forfeited for no consideration, and any vested portion of the Stock Option that is then outstanding will remain exercisable for the applicable period described in Section 6(a)(4) of the Plan.
Appears in 1 contract
Samples: Non Statutory Stock Option Agreement (Vapotherm Inc)
Cessation of Employment. If the Participant’s Employment ceases, except as expressly provided for in an employment agreement between the Participant and the Company that is in effect at the time of such termination, the Stock Option, to the extent not then vested, will be immediately forfeited for no consideration, and any vested portion of the Stock Option that is then outstanding will remain exercisable for the period described in Section 6(a)(46(a)(4)(B) of the Plan.
Appears in 1 contract
Cessation of Employment. If the Participant’s Employment ceases, except Except as expressly provided for in an employment a written agreement between the Participant and the Company that is in effect at the time of such terminationthe Participant’s termination of Employment, if the Participant’s Employment ceases, the Stock Option, to the extent not then then-vested, will terminate and be immediately forfeited for no consideration, and any the vested portion of the Stock Option that is then outstanding will remain exercisable for the period described be treated as provided in Section 6(a)(4) of the Plan.
Appears in 1 contract
Samples: Ironwood Pharmaceuticals Inc
Cessation of Employment. If the Participant’s Employment ceases, except as expressly provided for in an a written employment or severance agreement between the Participant and the Company (or a severance plan under which the Participant has been designated as being entitled to receive benefits) that is in effect at the time of such termination, the Stock Option, to the extent not then vested, will be immediately forfeited for no consideration, and any vested portion of the Stock Option that is then outstanding will remain exercisable for the period described in Section 6(a)(4) of the Plan.
Appears in 1 contract
Samples: Non Statutory Stock Option Agreement (Sigilon Therapeutics, Inc.)
Cessation of Employment. If the Participant’s Employment ceases, except as expressly provided for in an employment agreement between the Participant and the Company that is in effect at Rev. December 2019 the time of such termination, the Stock Option, to the extent not then vested, will be immediately forfeited for no consideration, and any vested portion of the Stock Option that is then outstanding will remain exercisable for the period described in Section 6(a)(4) of the Plan.
Appears in 1 contract
Cessation of Employment. If the Participant’s Employment ceasesceases for any reason, except as expressly provided for in an employment Section 2 above or in a written agreement between the Participant and the Company or one of its affiliates that is in effect at the time of such terminationcessation of Employment, the Stock Option, to the extent not then vested, will be immediately forfeited for no consideration, and any vested portion of the Stock Option that is then outstanding will remain exercisable for the period period, if any, described in Section 6(a)(4) of the Plan.
Appears in 1 contract
Samples: Non Statutory Stock Option Agreement (Hayward Holdings, Inc.)
Cessation of Employment. If the Participant’s Employment ceases, except as expressly provided for in an employment agreement between the Participant and the Company that is in effect at the time of such termination, the Stock Option, to the extent not then vested, will be forfeited immediately forfeited for no consideration, and any vested portion of the Stock Option that is then outstanding will remain exercisable for the period described in Section 6(a)(4) of the Plan.
Appears in 1 contract
Samples: Non Statutory Stock Option Agreement (Foghorn Therapeutics Inc.)
Cessation of Employment. If the Participant’s Employment ceases, except as expressly provided for in an employment agreement between the Participant and the Company that is in effect at the time of such termination, the Stock Option, to the extent not then vested, will be forfeited immediately forfeited for no consideration, and any vested portion of the Stock Option that is then outstanding will remain exercisable for the period described in Section 6(a)(4) of the Plan.
Appears in 1 contract
Samples: Non Statutory Stock Option Agreement (Foghorn Therapeutics Inc.)
Cessation of Employment. If the Participant’s Employment ceases, except as expressly provided for in an a written employment or severance agreement between the Participant and the Company (or a severance plan under which the Participant has been designated as being entitled to receive benefits) that is in effect at the time of such termination, the Stock Option, to the extent not then vested, will be immediately forfeited for no consideration, and any vested portion of the Stock Option that is then outstanding will remain exercisable for the period described in Section 6(a)(46(a)(4)(B) of the Plan.
Appears in 1 contract
Samples: Non Statutory Stock Option Agreement (Camp4 Therapeutics Corp)