Forfeiture of Unvested Option. If the Participant’s service terminates or is terminated for any reason, the unvested portion of the Option shall be forfeited immediately with no further compensation due to the Participant.
Appears in 5 contracts
Samples: Stock Option Agreement (TELA Bio, Inc.), Stock Option Agreement (Windtree Therapeutics Inc /De/), Stock Option Agreement (Interpace Biosciences, Inc.)
Forfeiture of Unvested Option. If the Participant’s service terminates or is terminated for any reason, the unvested portion of the Option, and any unvested Restricted Stock acquired by Participant pursuant to an early exercise of the Option as permitted under Section 4(g), shall be forfeited immediately with no further compensation due to the Participant.
Appears in 1 contract
