Common use of Death of the Participant Clause in Contracts

Death of the Participant. If the Participant dies while serving as an Employee, Non-Employee Director, consultant or advisor of the Company or an Affiliate, the vesting of all unvested Shares subject to this Option shall be accelerated, and the Option shall be exercisable as to such installments, together with any previously vested but unexercised portion of the Option, effective as of the date of death.

Appears in 4 contracts

Samples: Vertex Pharmaceuticals Inc / Ma, Vertex Pharmaceuticals Inc / Ma, Vertex Pharmaceuticals Inc / Ma

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Death of the Participant. If the Participant dies while serving as an Employee, Non-Employee Director, consultant or advisor of the Company or an Affiliate, the vesting of all unvested Shares subject to this Option Stock Grant shall be accelerated, accelerated and the Option shall be exercisable as to such installments, together with any previously vested but unexercised portion of the Option, effective as of vest on the date of deathdeath of the Participant.

Appears in 4 contracts

Samples: Restricted Stock Award (Vertex Pharmaceuticals Inc / Ma), Restricted Stock Award (Vertex Pharmaceuticals Inc / Ma), Vertex Pharmaceuticals Inc / Ma

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