Common use of Effect of Termination of Service on the Option Clause in Contracts

Effect of Termination of Service on the Option. Unless otherwise provided in the Grant Notice, this Agreement or in Participant’s employment agreement, the termination or survival of the Option will be determined in accordance with Section 7 of the Plan.

Appears in 5 contracts

Samples: Stock Option Grant Notice and Award Agreement (Lucy Scientific Discovery, Inc.), Stock Option Grant Notice and Award Agreement (Cognition Therapeutics Inc), Stock Option Agreement (Cognition Therapeutics Inc)

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Effect of Termination of Service on the Option. Unless otherwise provided in the Grant Notice, this Agreement or in Participant’s any written employment agreementagreement between Participant and the Company that expressly addresses treatment of stock option grants under the Plan, the termination or survival of the Option upon the Termination of Participant will be determined in accordance with Section 7 6.4 of the Plan.

Appears in 3 contracts

Samples: Stock Option Grant Notice and Award Agreement (Ensysce Biosciences, Inc.), Stock Option Grant Notice and Award Agreement (Ensysce Biosciences, Inc.), Stock Option Grant Notice and Award Agreement (Ensysce Biosciences, Inc.)

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Effect of Termination of Service on the Option. Unless otherwise provided in the Grant Notice, this Agreement or in Participant’s employment agreement, the termination or survival of the Option will be determined in accordance with Section 7 of the Plan.

Appears in 2 contracts

Samples: Stock Option Agreement (Cognition Therapeutics Inc), Stock Option Grant Agreement (Cognition Therapeutics Inc)

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