Effect Upon Stock Options. Subject to the provisions governing acceleration of vesting in Section 7(f), stock options which have not vested at the time or upon the occurrence of any such Termination Event shall be forfeited by the Executive three (3) months after the occurrence of the Termination Event, but all vesting shall cease upon the occurrence of the Termination Event. Upon the occurrence of any Termination Event, vested stock options held by Executive shall remain subject to the terms and conditions of the plan under which they were granted, Section 4(c) of this Agreement, and any option agreement evidencing such award.
Appears in 4 contracts
Samples: Employment Agreement (Ocera Therapeutics, Inc.), Employment Agreement (Ocera Therapeutics, Inc.), Employment Agreement (Ocera Therapeutics, Inc.)
