Common use of Disability of Optionee Clause in Contracts

Disability of Optionee. If Optionee ceases to be a Service Provider as a result of his or her total and permanent disability as defined in Code Section 22(e)(3), Optionee may exercise the Option to the extent the Option was vested at the date on which Optionee ceases to be a Service Provider, but only within twelve (12) months from such date (and in no event later than the expiration date of the term of this Option as set forth in the Notice of Grant). To the extent that the Option is not vested at the date on which Optionee ceases to be a Service Provider, or if Optionee does not exercise such Option within the time specified herein, the Option shall terminate.

Appears in 15 contracts

Samples: Stock Option Agreement, Restricted Stock Purchase Agreement (Airxpanders Inc), Equity Incentive Plan (AeroVironment Inc)

AutoNDA by SimpleDocs

Disability of Optionee. If Optionee ceases to be a Service Provider as a result of his or her total and permanent disability as defined in Code Section 22(e)(3), Optionee may exercise the Option Option, to the extent the Option was vested at as of the date on which Optionee ceases to be a Service Provider, but only within shall remain exercisable for twelve (12) months from such date (and but in no event later than the expiration date of the term of this the Option as set forth in the Notice of Grant). To the extent that the Option is not vested at as of the date on which Optionee ceases to be a Service Provider, or if Optionee does not exercise such Option within the time specified herein, the Option shall terminate.

Appears in 12 contracts

Samples: Stock Option Agreement (Priveterra Acquisition Corp.), Director Retainer Agreement, Director Retainer Agreement (Aoxin Tianli Group, Inc.)

Disability of Optionee. If Optionee ceases to be a Service Provider as a result of his or her total and permanent disability as defined in Code Section 22(e)(3), Optionee may exercise the Option to the extent the Option was vested at the date on which Optionee ceases to be a Service Provider, but only within twelve (12) months from such date (and in no event later than the expiration date of the term of this Option as set forth in the Notice of GrantExpiration Date). To the extent that the Option is not vested at the date on which Optionee ceases to be a Service Provider, or if Optionee does not exercise such Option within the time specified herein, the Option shall terminate.

Appears in 5 contracts

Samples: Non Qualified Stock Option Agreement (Nextera Enterprises Inc), Non Qualified Stock Option Agreement (Nextera Enterprises Inc), Non Qualified Stock Option Agreement (Nextera Enterprises Inc)

Disability of Optionee. If Optionee ceases to be a Service Provider as a result of his or her total and permanent disability as defined in within the meaning of Code Section 22(e)(3), Optionee may exercise the Option to the extent the Option was vested at the date on which Optionee ceases to be a Service Provider, but only within twelve (12) months from such date (and in no event later than the expiration date of the term of this Option as set forth in the Notice of Grant). To the extent that the Option is not vested at the date on which Optionee ceases to be a Service Provider, or if Optionee does not exercise such Option within the time specified herein, the Option shall terminate.

Appears in 4 contracts

Samples: Stock Option Agreement (Sagimet Biosciences Inc.), Stock Option Plan (Coskata, Inc.), 2004 Equity Incentive Plan (Intermolecular Inc)

Disability of Optionee. If Optionee ceases to be a Service Provider as a result of his or her total and permanent disability as defined in Code Section 22(e)(3), Optionee may exercise the Option Option, to the extent the Option was vested at as of the date on which Optionee ceases to be a Service Provider, but only within twelve shall remain exercisable for six (126) months from such date (and but in no event later than the expiration date of the term of this the Option as set forth in the Notice of Grant). To the extent that the Option is not vested at as of the date on which Optionee ceases to be a Service Provider, or if Optionee does not exercise such Option within the time specified herein, the Option shall terminate.

Appears in 3 contracts

Samples: Stock Option Agreement (Demand Media Inc.), Stock Option Agreement (Demand Media Inc.), Stock Option Agreement (Demand Media Inc.)

Disability of Optionee. If Optionee ceases to be a Service Provider as a result of his or her total and permanent disability as defined in Code Section 22(e)(3), Optionee may exercise the Option to the extent the Option was vested at the date on which Optionee ceases to be a Service Provider, but only within twelve (12) months from such date (and in no event later than the expiration date of the term of this Option as set forth in the Notice of Grant). To the extent that the Option is not vested at the date on which the Optionee ceases to be a Service Provider, or if Optionee does not exercise such Option within the time specified herein, the Option shall terminate.

Appears in 2 contracts

Samples: Stock Option Agreement (Vnus Medical Technologies Inc), Equity Incentive Plan (Vnus Medical Technologies Inc)

Disability of Optionee. If Optionee ceases to be a Service Provider an Eligible Person as a result of his or her total and permanent disability as defined in Code Section 22(e)(3), Optionee may exercise the Option to the extent the Option was vested at the date on which Optionee ceases to be a Service Provideran Eligible Person, but only within twelve (12) months thirty days from such date (and in no event later than the expiration date of the term of this Option as set forth in the Notice of Grant). To the extent that the Option is not vested at the date on which Optionee ceases to be a Service Provideran Eligible Person, or if Optionee does not exercise such Option within the time specified herein, the Option shall terminate.

Appears in 2 contracts

Samples: Form of Stock Option Agreement (Chembio Diagnostics, Inc.), Form of Stock Option Agreement (Chembio Diagnostics, Inc.)

Disability of Optionee. If Optionee ceases to be a Service Provider an Eligible Person as a result of his or her total and permanent disability as defined in Code Section 22(e)(3)422, Optionee may exercise the Option to the extent the Option was vested at the date on which Optionee ceases to be a Service Provideran Eligible Person, but only within twelve (12) months from such date (and in no event later than the expiration date of the term of this Option as set forth in the Notice of Grant). To the extent that the Option is not vested at the date on which Optionee ceases to be a Service Provideran Eligible Person, or if Optionee does not exercise such Option within the time specified herein, the Option shall terminate.

Appears in 2 contracts

Samples: Stock Option Agreement (American Oil & Gas Inc), Stock Incentive Plan (American Oil & Gas Inc)

Disability of Optionee. If Optionee ceases to be a Service Provider as a result of his or her total and permanent disability as defined in Code Section 22(e)(3)Disability, Optionee may exercise the Option to the extent the Option was vested at the date on which Optionee ceases to be a Service Provider, but only within twelve (12) months from such date (and in no event later than the expiration date of the term of this Option as set forth in the Notice of Grant). To the extent that the Option is not vested at the date on which Optionee ceases to be a Service Provider, or if Optionee does not exercise such Option within the time specified herein, the Option shall terminate.

Appears in 2 contracts

Samples: Equity Incentive Plan (Principia Biopharma Inc.), Equity Incentive Plan (Coherus BioSciences, Inc.)

Disability of Optionee. If Optionee ceases to be a Service Provider as a result of his or her total and permanent disability as defined in Code Section 22(e)(3), Optionee may exercise the Option Option, to the extent the Option was vested at as of the date on which Optionee ceases to be a Service Provider, but only within shall remain exercisable for twelve (12) months from such date (and but in no event later than the expiration date Expiration Date of the term of this the Option as set forth in the Notice of Stock Option Grant). To the extent that the Option is not vested at as of the date on which Optionee ceases to be a Service Provider, or if Optionee does not exercise such Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Stock Option Agreement (Capstone Turbine Corp)

Disability of Optionee. If Optionee ceases to be a Service Provider as a result of his or her total and permanent disability as defined in Code Section 22(e)(3), Optionee may exercise the Option Option, to the extent the Option was vested at as of the date on which Optionee ceases to be a Service Provider, but only within twelve shall remain exercisable until the later of (12i) two years after the Vesting Commencement Date or (ii) 12 months from such the date (and in no event later than the expiration date of the term of this Option as set forth in the Notice of Grant)Optionee ceases to be a Service Provider. To the extent that the Option is not vested at as of the date on which Optionee ceases to be a Service Provider, or if Optionee does not exercise such Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Stock Option Agreement (Capstone Turbine Corp)

Disability of Optionee. If Optionee ceases to be a Service Provider as a result of his or her total and permanent disability as defined in Code Section 22(e)(3), Optionee may exercise the Option Option, to the extent the Option was vested at as of the date on which Optionee ceases to be a Service Provider, but only within shall remain exercisable for twelve (12) months from such date (and but in no event later than the expiration date Expiration Date of the term of this the Option as set forth in the Notice of Stock Option Grant). To the extent that the Option is not vested at as of the date on which Optionee ceases to be a Service Provider, or if Optionee does not exercise such Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Stock Option Agreement (Capstone Turbine Corp)

Disability of Optionee. If In the event the Optionee ceases to be a Service Provider as a result of his or her Optionee's total and permanent disability as defined in Code Section 22(e)(3), Optionee may exercise the this Option to the extent the Option was vested at the date on which Optionee ceases to be for a Service Provider, but only within period of twelve (12) months from such date following termination of Optionee's status as a Service Provider by reason of disability (and but in no event later than the expiration date of the term of this Option as set forth in the Notice of GrantSection 2). To the extent that the Optionee was not entitled to exercise this Option is not vested at the date on which Optionee ceases to be a Service Providerin this period, or if Optionee does not exercise such this Option (which Optionee was entitled to exercise) within the time specified herein, the this Option shall terminate.

Appears in 1 contract

Samples: Conceptus Inc

Disability of Optionee. If Optionee ceases to be a Service Provider as a result of his or her total and permanent disability (as defined in Code Section 22(e)(3)), Optionee may exercise the Option Option, to the extent the Option was vested at as of the date on which Optionee ceases to be a Service Provider, but only within shall remain exercisable for twelve (12) months from such date (and but in no event later than the expiration date of the term of this the Option as set forth in the Notice of Grant). To the extent that the Option is not vested at as of the date on which Optionee ceases to be a Service Provider, or if Optionee does not exercise such Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Equity Incentive Plan Stock Option Agreement (Guidance Software, Inc.)

Disability of Optionee. If Optionee ceases to be a Service Provider as a result of his or her total and permanent disability as defined in Code Section 22(e)(3)Disability, Optionee may exercise the Option to the extent the Option was vested at the date on which Optionee ceases to be a Service Provider, but only within twelve (12) months from such date (and in no event later than the expiration date of the term of this Option as set forth in the Notice of GrantXxxxx). To the extent that the Option is not vested at the date on which Optionee ceases to be a Service Provider, or if Optionee does not exercise such Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Equity Incentive Plan (Coherus BioSciences, Inc.)

Disability of Optionee. If Optionee ceases to be a Service Provider as a result of his or her total and permanent disability as defined in Code Section 22(e)(3), Optionee may exercise the Option Option, to the extent the Option was vested at as of the date on which Optionee ceases to be a Service Provider, but only within shall remain exercisable for twelve (12) months from such date (and but in no event later than the expiration date of the term of this the Option as set forth in the Notice of Grant). To the extent that the Option is not vested at as of the date on which Optionee ceases to be a Service Provider, or if Optionee does not exercise such Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Long Term Equity Incentive Plan (Trimas Corp)

AutoNDA by SimpleDocs

Disability of Optionee. If Optionee ceases to be a Service Provider as a result of his or her total and permanent disability as defined in Code Section 22(e)(3), Optionee may exercise the Option to the extent the Option was vested at the date on which Optionee ceases to be a Service Provider, but only within twelve (12) months from such date (and in no event later than the expiration date of the term of this Option as set forth in the Notice of GrantSection 2). To the extent that the Option is not vested at the date on which the Optionee ceases to be a Service Provider, or if Optionee does not exercise such Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Vicinity Corp)

Disability of Optionee. If Optionee ceases to be a Service Provider as a result of his or her total and permanent disability as defined in Code Section 22(e)(3), Optionee may exercise the Option Option, to the extent the Option was vested at as of the date on which Optionee ceases to be a Service Provider, but only within shall remain exercisable for twelve (12) months from such date (and but in no event later than the expiration date Expiration Date of the term of this the Option as set forth in the Notice of Stock Option Grant). To the extent that the Option is not vested at as of the date on which Optionee ceases to be a Service Provider, or if Optionee does not exercise such Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Stock Option Agreement (Capstone Turbine Corp)

Disability of Optionee. If Optionee ceases to be a Service Provider as a result of his or her total and permanent disability as defined in Code Section 22(e)(3), Optionee may exercise the Option Option, to the extent the Option was vested at as of the date on which Optionee ceases to be a Service Provider, but only within twelve (12) remains exercisable for 12 months from such that date (and but in no event later than the expiration date of the term of this Option as Expiration Date set forth in the Notice of Grant). To the extent that the Option is not vested at as of the date on which Optionee ceases to be a Service Provider, or if Optionee does not exercise such the Option within the time specified herein, the Option shall terminateterminates.

Appears in 1 contract

Samples: Long Term Equity Incentive Plan (Trimas Corp)

Disability of Optionee. If Optionee ceases to be a Service Provider an Eligible Person as a result of his or her total and permanent disability as defined in Code Section 22(e)(3), Optionee may exercise the Option to the extent the Option was vested at the date on which Optionee ceases to be a Service Provideran Eligible Person, but only within twelve (12) months _____ days from such date (and in no event later than the expiration date of the term of this Option as set forth in the Notice of GrantGrant Notice). To the extent that the Option is not vested and exercisable at the date on which Optionee ceases to be a Service Provideran Eligible Person, or if Optionee does not exercise such Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Form of Stock Option Agreement (Chembio Diagnostics, Inc.)

Disability of Optionee. If Optionee ceases to be a Service Provider as a result of his or her total and permanent disability as defined in within the meaning of Code Section 22(e)(3), Optionee may exercise the Option to the extent the Option was vested at on the date on which Optionee ceases to be a Service Provider, but only within twelve (12) months from such date (and in no event later than the expiration date of the term of this Option as set forth in the Notice of Grant). To the extent that the Option is not vested at on the date on which Optionee ceases to be a Service Provider, or if Optionee does not exercise such Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Complete Genomics Inc)

Disability of Optionee. If In the event the Optionee ceases to be a Service Provider as a result of his or her Optionee’s total and permanent disability as defined in Code Section 22(e)(3), Optionee may exercise the this Option to the extent the Option was vested at the date on which Optionee ceases to be for a Service Provider, but only within period of twelve (12) months from such date following termination of Optionee’s status as a Service Provider by reason of disability (and but in no event later than the expiration date of the term of this Option as set forth in the Notice of GrantSection 2). To the extent that the Optionee was not entitled to exercise this Option is not vested at the date on which Optionee ceases to be a Service Providerin this period, or if Optionee does not exercise such this Option (which Optionee was entitled to exercise) within the time specified herein, the this Option shall terminate.

Appears in 1 contract

Samples: Employment Commencement Nonstatutory Stock Option (Conceptus Inc)

Disability of Optionee. If Optionee ceases to be a Service Provider (in all capacities, including ceasing to serve on the Company’s Advisory Board) as a result of his or her total and permanent disability as defined in Code Section 22(e)(3)Disability, Optionee may exercise the Option Option, to the extent the Option was vested at as of the date on which Optionee so ceases to be a Service Provider, but only within shall remain exercisable for twelve (12) months from following such date (and in no event later than the expiration date of the term of this Option as Term/Expiration Date set forth in the Notice of Grant). To the extent that the Option is not vested at the date on which Optionee ceases to be a Service Provider, Provider or if Optionee does not exercise such Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Belvedere SoCal)

Disability of Optionee. If Optionee ceases to be a Service Provider Notwithstanding the provisions of Section III(5) above, in the event of termination of an Optionee’s Continuous Status as an Employee or Consultant as a result of his or her total and permanent disability as defined in Code Section 22(e)(3), Disability then the period during which each outstanding option held by the Optionee may exercise the Option is to remain exercisable shall be limited to the extent the Option was vested at twelve (12)-month period following the date on which Optionee ceases to be a Service Provider, of such cessation of service (but only within twelve (12) months from such date (and in no event later than the expiration date of the term of this Option as set forth in the Notice of Grant). To the extent that the Option is not vested at the date on which the Optionee ceases to be a Service Provider, or if Optionee does not exercise such Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Aclara Biosciences Inc)

Disability of Optionee. If Optionee ceases to be a Service Provider as a result of his or her total and permanent disability as defined in Code Section 22(e)(3)Disability, Optionee may exercise the Option to the extent the Option was vested at the date on which Optionee ceases to be a Service Provider, but only within twelve (12) months from such date (and in no event later than the expiration date of the term Term/Expiration Date of this Option as set forth in the Notice of Grant). To the extent that the Option is not vested at the date on which Optionee ceases to be a Service Provider, or if Optionee does not exercise such this Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Stock Option Agreement (Duolingo, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!