Common use of Extent of Exercisability Clause in Contracts

Extent of Exercisability. (i) Except as provided below, if the Optionee ceases to perform services for the Company, the Option shall be exercisable only to the extent that the right to purchase Shares under such Option has accrued and is in effect on the date such Optionee ceases to perform services for the Company.

Appears in 50 contracts

Samples: Stock Option Agreement (Life Medical Sciences Inc), Stock Option Agreement (Life Medical Sciences Inc), Stock Option Agreement (Life Medical Sciences Inc)

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Extent of Exercisability. (i) Except as provided below, if the Optionee ceases to be employed, retained by, or otherwise perform services for the Company, the Option shall be exercisable only to the extent that the right to purchase Shares under such Option has accrued and is in effect on the date such Optionee ceases to perform services for the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Life Medical Sciences Inc)

Extent of Exercisability. (i) Except as provided below, if the Optionee ceases to perform services for the Company, the Option shall be exercisable only to the extent that the right to purchase Shares under such Option has accrued and is in effect on the date such Optionee ceases to perform services for the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Life Medical Sciences Inc)

Extent of Exercisability. (i) Except as provided below, if the Optionee ceases to perform services for Optionee's employment by the CompanyCompany is terminated, the Option granted to the Optionee hereunder shall be exercisable only to the extent that the right to purchase Shares under such Option has accrued and is in effect had vested on the date such Optionee ceases to perform services for the CompanyOptionee's employment by the Company is terminated.

Appears in 1 contract

Samples: Stock Option Agreement (Symbollon Corp)

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Extent of Exercisability. (i) Except as provided below, if the Optionee ceases to perform services for the Company, the Option shall be exercisable only to the extent that the right to purchase Shares under such Option has accrued and is in effect on the date such Optionee ceases to perform services for the Company. (ii) If the Optionee ceases to perform services for the Company because he or she has become permanently disabled (within the meaning of Section 22(e)(3) of the Code), the Option shall be exercisable to the full number of Shares covered by such Option.

Appears in 1 contract

Samples: Stock Option Agreement (Life Medical Sciences Inc)

Extent of Exercisability. (i) Except as provided below, if the Optionee ceases to be employed, retained by, or otherwise perform services for for, the Company, the Option granted to the Optionee hereunder shall be exercisable only to the extent that the right to purchase Shares under such Option has accrued and is in effect on the effective date of the cessation of such Optionee ceases to perform services for the Companyservices.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Life Medical Sciences Inc)

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