Common use of Disability of Grantee Clause in Contracts

Disability of Grantee. In the event the Grantee’s Continuous Service terminates as a result of his or her Disability, the Grantee may, but only within twelve (12) months commencing on the Termination Date (but in no event later than the Expiration Date), exercise the portion of the Option that was vested on the Termination Date. To the extent that the Option was unvested on the Termination Date, or if the Grantee does not exercise the vested portion of the Option within the time specified herein, the Option shall terminate.

Appears in 5 contracts

Samples: Executive Employment Agreement (ONCOSEC MEDICAL Inc), Executive Employment Agreement (STG Group, Inc.), Executive Employment Agreement (ONCOSEC MEDICAL Inc)

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Disability of Grantee. In the event the Grantee’s Continuous Service terminates as a result of his or her Disability, the Grantee may, but only within twelve (12) months commencing on from the Termination Date (but and in no event later than the Expiration Date), exercise the portion of Option to the Option that extent he or she was vested otherwise entitled to exercise it on the Termination Date. To the extent that the Grantee is not entitled to exercise the Option was unvested on the Termination Date, or if the Grantee does not exercise the vested portion of Option to the Option extent so entitled within the time specified herein, the Option shall terminate.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement, Stock Option Award Agreement (Cirrus Logic Inc), Stock Option Award Agreement (Cirrus Logic Inc)

Disability of Grantee. In the event the Grantee’s Continuous Service terminates as a result of his or her Disability, the Grantee may, but only within twelve the two (122) months years and ninety (90) days commencing on the Termination Date (but in no event later than the Expiration Date), exercise the portion of the Option that was vested on the Termination Date. To the extent that the Option was unvested on the Termination Date, or if If the Grantee does not exercise the vested portion of the Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Stock Option Agreement (Restoration Hardware Holdings Inc)

Disability of Grantee. In the event the Grantee’s 's Continuous --------------------- Service terminates as a result of his or her Disability, the Grantee may, but only within twelve (12) months commencing on from the Termination Date (but and in no event later than the Expiration Date), exercise the portion of Option to the Option that extent he or she was vested otherwise entitled to exercise it on the Termination Date. To the extent that the Grantee is not entitled to exercise the Option was unvested on the Termination Date, or if the Grantee does not exercise the vested portion of Option to the Option extent so entitled within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Consulting Agreement (Interactive Network Inc /Ca)

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Disability of Grantee. In the event the Grantee’s Continuous Service terminates as a result of his or her Disability, the Grantee may, but only within twelve (12) months commencing on the Termination Date (but in no event later than the Expiration Date), exercise the portion of the Option that was vested on the Termination Date. To the extent that the Option was unvested on the Termination Date, or if the Grantee does not exercise the vested portion of the Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Stock Option Award Agreement (Bakbone Software Inc)

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