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 twenty-four (24) 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: Option Agreement (Reliant Pharmaceuticals, Inc.), Option Agreement (Reliant Pharmaceuticals, Inc.)

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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 twenty-four twelve (2412) 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: Option Agreement (Reliant Pharmaceuticals, Inc.), 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 Providerprovide such services, shall be exercisable at any time within twenty-four twelve (2412) 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.)

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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 twenty-four twelve (2412) 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.)

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