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

Effect of Termination of Service on the Option. If the Participant’s service ceases for any reason, the termination or survival of the Option will be determined in accordance with Section 7 of the Plan.

Appears in 4 contracts

Samples: Non Qualified Stock Option Grant Notice and Award Agreement (Larimar Therapeutics, Inc.), Non Qualified Stock Option Grant Notice and Award Agreement (Larimar Therapeutics, Inc.), Stock Option Grant Agreement (Larimar Therapeutics, Inc.)

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Effect of Termination of Service on the Option. If the Participant’s service ceases for any reason, 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 (Inhibikase Therapeutics, Inc.), Stock Option Grant Agreement (Applied Dna Sciences Inc)

Effect of Termination of Service on the Option. If Unless otherwise provided in the Grant Notice, if Participant’s service ceases for any reason, the termination or survival of the Option will be determined in accordance with Section 7 of the Plan.

Appears in 1 contract

Samples: Stock Option Grant Agreement (Eagle Bancorp Inc)

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Effect of Termination of Service on the Option. If the Participant’s service ceases terminates for any reason, the termination or survival vested portion of the Option will be determined shall remain exercisable, if at all, for such period as set forth in accordance with Section 7 of the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Palvella Therapeutics, Inc.)

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