Common use of Death or Disability of Participant Clause in Contracts

Death or Disability of Participant. If Participant ceases to be a Service Provider as a result of death or Disability, the vested portion of the Option as of the date on which such Participant ceased to be a Service Provider, shall be exercisable at any time within twelve (12) months from such date, but in no event later than the Expiration Date as set forth in the Notice of Grant.

Appears in 2 contracts

Samples: Equity Incentive Plan (Reliant Pharmaceuticals, Inc.), Equity Incentive Plan (Reliant Pharmaceuticals, Inc.)

AutoNDA by SimpleDocs

Death or Disability of Participant. If Participant ceases to be a Service Provider provide services to the Company and its Subsidiaries as a result of death or Disability, the vested portion of the Option as of the date on which such Participant ceased to be a Service Providerprovide such services, shall be exercisable at any time within twelve (12) months from such date, but in no event later than the Expiration Date as set forth in the Notice of Grant.

Appears in 2 contracts

Samples: Stock Option Agreement (Reliant Pharmaceuticals, Inc.), Stock Option Agreement (Reliant Pharmaceuticals, Inc.)

Death or Disability of Participant. If Participant ceases to be a Service Provider provide services to the Company and its Subsidiaries as a result of death or Disability, the vested portion of the Option as of the date on which such Participant ceased to be a Service ProviderOption, shall be exercisable at any time within twelve (12) months from such date, but in no event later than the Expiration Date as set forth in the Notice of Grant.

Appears in 2 contracts

Samples: Stock Option Agreement (Reliant Pharmaceuticals, Inc.), Stock Option Agreement (Reliant Pharmaceuticals, Inc.)

AutoNDA by SimpleDocs

Death or Disability of Participant. If Participant ceases to be a Service Provider as a result of death or Disability, the vested portion of the Option as of the date on which such Participant ceased to be a Service Provider, shall be exercisable at any time within twelve twenty-four (1224) months from such date, but in no event later than the Expiration Date as set forth in the Notice of Grant.

Appears in 2 contracts

Samples: Equity Incentive Plan (Reliant Pharmaceuticals, Inc.), Equity Incentive Plan (Reliant Pharmaceuticals, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.