Exercise Period Following Termination of Continuous Service. This Option shall terminate and be canceled to the extent not exercised within ninety (90) days after the Optionee’s Continuous Service terminates, except that if such termination is due to the death or Disability of the Optionee, this Option shall terminate and be canceled twelve (12) months from the date of termination of Continuous Service. Notwithstanding the foregoing, in the event that the Optionee’s Continuous Service is terminated for Cause, then the Option shall immediately terminate on the date of such termination of Continuous Service and shall not be exercisable for any period following such date. In no event, however, shall this Option be exercised later than the Expiration Date set forth in Exhibit A and in no event shall this Option be exercised for more Shares than the Shares which otherwise have become exercisable as of the date of termination.
Appears in 13 contracts
Samples: Stock Option Grant Agreement (Corbus Pharmaceuticals Holdings, Inc.), Nonqualified Stock Option Grant Agreement (Cingulate Inc.), Nonqualified Stock Option Grant Agreement (Celldex Therapeutics, Inc.)
Exercise Period Following Termination of Continuous Service. This Option shall terminate and be canceled to the extent not exercised within ninety three (903) days after months following termination of the Optionee’s Continuous Service terminates, except Service; provided that if such termination is due to the Optionee’s death or Disability permanent and total disability within the meaning of Section 22(e)(3) of the OptioneeCode, this Option shall terminate and be canceled twelve cancelled one (121) months year from the date of termination of Continuous Service. Notwithstanding the foregoing, in the event that the Optionee’s Continuous Service is terminated for Cause, then the Option shall immediately terminate on the date of such termination of Continuous Service and shall not be exercisable for any period following such date. In no event, however, shall this Option be exercised later than the Expiration Date set forth in Exhibit A and in no event shall this Option be exercised for more Shares than the Shares which otherwise have become exercisable as of the date of termination.
Appears in 9 contracts
Samples: Incentive Stock Option Grant Agreement (Corbus Pharmaceuticals Holdings, Inc.), Incentive Stock Option Grant Agreement (Celldex Therapeutics, Inc.), Incentive Stock Option Grant Agreement (Timber Pharmaceuticals, Inc.)
Exercise Period Following Termination of Continuous Service. [1] This Option shall terminate and be canceled to the extent not exercised within ninety (90) days after the Optionee’s Continuous Service terminates, except that if such termination is due to the death or Disability of the Optionee, this Option shall terminate and be canceled twelve (12) months from the date of termination of Continuous Service. Notwithstanding the foregoing, in the event that the Optionee’s Continuous Service is terminated for Cause, then the Option shall immediately terminate on the date of such termination of Continuous Service and shall not be exercisable for any period following such date. In no event, however, shall this Option be exercised later than the Expiration Date set forth in Exhibit A and in no event shall this Option be exercised for more Shares than the Shares which otherwise have become exercisable as of the date of termination.
Appears in 4 contracts
Samples: Stock Option Agreement (Motus GI Holdings, Inc.), Stock Option Agreement (Motus GI Holdings, Inc.), Stock Option Agreement (Motus GI Holdings, Inc.)
Exercise Period Following Termination of Continuous Service. This Option shall terminate and be canceled to the extent not exercised within ninety (90) days after the Optionee’s Continuous Service terminates, except that if such termination is due to the death or Disability of the Optionee, this Option shall terminate and be canceled twelve one (121) months year from the date of termination of Continuous Service. Notwithstanding the foregoing, in the event that the Optionee’s Continuous Service is terminated for Cause, then the Option shall immediately terminate on the date of such termination of Continuous Service and shall not be exercisable for any period following such date. In no event, however, shall this Option be exercised later than the Expiration Date set forth in Exhibit A and in no event shall this Option be exercised for more Shares than the Shares which otherwise have become exercisable as of the date of termination.
Appears in 4 contracts
Samples: Nonqualified Stock Option Grant Agreement (Larkspur Health Acquisition Corp.), Incentive Stock Option Grant Agreement (Larkspur Health Acquisition Corp.), Nonqualified Stock Option Grant Agreement (Virpax Pharmaceuticals, Inc.)
Exercise Period Following Termination of Continuous Service. This Option shall terminate and be canceled to the extent not exercised within ninety three (903) days after months following termination of the Optionee’s Continuous Service terminates, except Service; provided that if such termination is due to the Optionee’s death or Disability permanent and total disability within the meaning of Section 22(e)(3) of the OptioneeCode, this Option shall terminate and be canceled twelve one (121) months year from the date of termination of Continuous Service. Notwithstanding the foregoing, in the event that the Optionee’s Continuous Service is terminated for Cause, then the Option shall immediately terminate on the date of such termination of Continuous Service and shall not be exercisable for any period following such date. In no event, however, shall this Option be exercised later than the Expiration Date set forth in Exhibit A and in no event shall this Option be exercised for more Shares than the Shares which otherwise have become exercisable as of the date of termination.
Appears in 2 contracts
Samples: Incentive Stock Option Grant Agreement (Virpax Pharmaceuticals, Inc.), Incentive Stock Option Grant Agreement (Dermata Therapeutics, Inc.)
Exercise Period Following Termination of Continuous Service. This Option shall terminate and be canceled to the extent not exercised within ninety three (903) days months after the Optionee’s Continuous Service terminates, except that if such termination is due to the death or Disability permanent and total disability within the meaning of Section 22(e)(3) of the Code of the Optionee, this Option shall terminate and be canceled twelve one (121) months year from the date of termination of Continuous Service. Notwithstanding the foregoing, in the event that the Optionee’s Continuous Service is terminated for Cause, then the Option shall immediately terminate on the date of such termination of Continuous Service and shall not be exercisable for any period following such date. In no event, however, shall this Option be exercised later than the Expiration Date set forth in Exhibit A and in no event shall this Option be exercised for more Shares than the Shares which otherwise have become exercisable as of the date of termination.
Appears in 1 contract
Samples: Stock Option Grant Agreement (Provention Bio, Inc.)
Exercise Period Following Termination of Continuous Service. This Option shall terminate and be canceled to the extent not exercised within ninety (90) days after the Optionee’s Continuous continuous Service terminates, except that if such termination is due to the death or Disability of the Optionee, this Option shall terminate and be canceled twelve (12) months from the date of termination of Continuous Service. Notwithstanding the foregoing, in the event that the Optionee’s Continuous Service is terminated for Cause, then the Option shall immediately terminate on the date of such termination of Continuous Service and shall not be exercisable for any period following such date. In no event, however, shall this Option be exercised later than the Expiration Date set forth in Exhibit A and in no event shall this Option be exercised for more Shares than the Shares which otherwise have become exercisable as of the date of termination.
Appears in 1 contract
Samples: Nonqualified Stock Option Grant Agreement (Reviva Pharmaceuticals Holdings, Inc.)
Exercise Period Following Termination of Continuous Service. This Option shall terminate and be canceled to the extent not exercised within ninety (90) days after the Optionee’s Continuous Service terminates, except that if such termination is due to the death or Disability of the Optionee, this Option shall terminate and be canceled twelve (12) months from the date of termination of Continuous Service. Notwithstanding the foregoing, in the event that the Optionee’s Continuous Service is terminated for Cause, then the Option shall immediately terminate on the date of such termination of Continuous Service and shall not be exercisable for any period following such date. In no event, however, shall this Option be exercised later than the Expiration Date set forth in Exhibit A and in no event shall this Option be exercised for more Shares than the Shares which otherwise have become exercisable as of the date of terminationtermination of Continuous Service.
Appears in 1 contract
Samples: Nonqualified Stock Option Grant Agreement (Cingulate Inc.)
Exercise Period Following Termination of Continuous Service. This Option shall terminate and be canceled cancelled to the extent not exercised within ninety three (903) days after months following termination of the Optionee’s Continuous Service terminates, except Service; provided that if such termination is due to the Optionee’s death or Disability permanent and total disability within the meaning of Section 22(e)(3) of the OptioneeCode, this Option shall terminate and be canceled twelve cancelled one (121) months year from the date of termination of Continuous Service. Notwithstanding the foregoing, in the event that the Optionee’s Continuous Service is terminated for Cause, then the Option shall immediately terminate on the date of such termination of Continuous Service and shall not be exercisable for any period following such date. In no event, however, shall this Option be exercised later than the Expiration Date expiration date set forth in Exhibit A (the “Expiration Date”) and in no event shall this Option be exercised for more Shares than the Shares which otherwise have become exercisable as of the date of terminationtermination of Continuous Service.
Appears in 1 contract
Samples: Incentive Stock Option Grant Agreement (Cingulate Inc.)
Exercise Period Following Termination of Continuous Service. This Option shall terminate and be canceled cancelled to the extent not exercised within ninety three (903) days after months following termination of the Optionee’s Continuous Service terminates, except Service; provided that if such termination is due to the Optionee’s death or Disability permanent and total disability within the meaning of Section 22(e)(3) of the OptioneeCode, this Option shall terminate and be canceled twelve cancelled one (121) months year from the date of termination of Continuous Service. Notwithstanding the foregoing, in the event that the Optionee’s Continuous Service is terminated for Cause, then the Option shall immediately terminate on the date of such termination of Continuous Service and shall not be exercisable for any period following such date. In no event, however, shall this Option be exercised later than the Expiration Date expiration date set forth in Exhibit A (the “Expiration Date”) and in no event shall this Option be exercised for more Shares than the Shares which otherwise have become exercisable as of the date of termination.
Appears in 1 contract
Samples: Incentive Stock Option Grant Agreement (Cingulate Inc.)
Exercise Period Following Termination of Continuous Service. This Option shall terminate and be canceled to the extent not exercised within ninety (90) days after following the termination of the Optionee’s Continuous Service terminatesService, except that if such termination is due to the death or Disability of the Optionee, this Option shall terminate and be canceled twelve (12) months from the date of termination of Continuous Service. Notwithstanding the foregoing, in the event that the Optionee’s Continuous Service is terminated for Cause, then the Option shall immediately terminate on the date of such termination of Continuous Service and shall not be exercisable for any period following such date. In no event, however, shall this Option be exercised later than the Expiration Date set forth in Exhibit A and in no event shall this Option be exercised for more Shares than the Shares which were otherwise have become exercisable as of the date of such termination.
Appears in 1 contract
Samples: Stock Option Grant Agreement (Provention Bio, Inc.)