Forfeiture of Option. To the extent that the Option has not yet vested pursuant to Section 2(a), the Option shall be forfeited automatically without further action or notice if the Grantee’s Continuous Service with the Company or a Subsidiary terminates prior to a Vesting Date other than as provided pursuant to Section 2(b).
Appears in 2 contracts
Samples: Plan Stock Option Agreement (FG Financial Group, Inc.), Stock Option Agreement (1347 Property Insurance Holdings, Inc.)
Forfeiture of Option. To the extent that the Option has not yet vested pursuant to Section 2(a)2 above, the Option it shall be forfeited automatically without further action or notice if the Grantee’s Continuous Service with Participant ceases to be employed by the Company or a Subsidiary terminates and its Subsidiaries prior to a the Vesting Date other than as provided pursuant to in Section 2(b) or (c).
Appears in 2 contracts
Samples: Employment Agreement (Premier Exhibitions, Inc.), Plan Nonqualified Stock Option Agreement (Premier Exhibitions, Inc.)
Forfeiture of Option. To the extent that the Option has not yet vested pursuant to Section 2(a)2, the Option shall be forfeited automatically without further action or notice if the Grantee’s Continuous Service employment with the Company or a Subsidiary an Affiliate of the Company terminates prior to a Vesting Date other than as provided pursuant to Section 2(b)Date.
Appears in 2 contracts
Samples: Non Qualified Stock Option Agreement (Davey Tree Expert Co), Non Qualified Stock Option Agreement (Davey Tree Expert Co)
Forfeiture of Option. To the extent that the Option has not yet vested pursuant to Section 2(a)2 above, the Option it shall be forfeited automatically without further action or notice if the Grantee’s Continuous Service with Optionee ceases to be employed by the Company or its Subsidiaries or be a Subsidiary terminates member of the Board of Directors prior to a the Vesting Date other than as provided pursuant to in Section 2(b).
Appears in 1 contract
Samples: Stock Option Agreement (CleanTech Innovations, Inc.)
