Forfeiture of Stock Option. To the extent that the Stock Option has not yet vested pursuant to Section 2 above, it shall be forfeited automatically without further action or notice if the Grantee ceases to be employed by the Company and its Subsidiaries prior to a Vesting Date other than as provided in Section 2(b). The Stock Option and any amount paid hereunder shall be subject to the forfeiture provisions of Section 20 of the Plan.
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (Palatin Technologies Inc), Nonqualified Stock Option Agreement (Palatin Technologies Inc)
Forfeiture of Stock Option. To the extent that the Stock Option has not yet vested pursuant to Section 2 above, it shall be forfeited automatically without further action or notice if the Grantee ceases to be employed by the Company and its Subsidiaries prior to a an applicable Vesting Date other than as provided in Section 2(b). The Stock Option and any amount paid hereunder shall be subject to the forfeiture provisions of Section 20 of the Plan.
Appears in 2 contracts
Samples: Nonqualified Stock Option Agreement (Innsuites Hospitality Trust), Nonqualified Stock Option Agreement (Innsuites Hospitality Trust)
