Involuntary Termination of Service without Cause or Voluntary Termination of Service for Good Reason. If the Grantee incurs an involuntary Termination of Service as the result of a dismissal without Cause or as the result of the Grantee’s voluntary Termination of Service for Good Reason, then any outstanding Option shall be exercisable on the following terms and conditions: (A) exercise may be made only to the extent that the Grantee was entitled to exercise the Option on the Termination of Service date; and (B) exercise must occur by the earlier of (1) ninety (90) days following the Termination of Service, and (2) the Expiration Date.
Appears in 3 contracts
Samples: Incentive Stock Option Agreement (Emmaus Holdings, Inc.), Non Qualified Stock Option Agreement (Emmaus Holdings, Inc.), Incentive Stock Option Agreement (Emmaus Holdings, Inc.)
Involuntary Termination of Service without Cause or Voluntary Termination of Service for Good Reason. If the Grantee incurs an involuntary Termination of Service as the result of a dismissal without Cause or as the result of the Grantee’s voluntary Termination of Service for Good Reason, then any outstanding Option option shall be exercisable on the following terms and conditions: (A) exercise may be made only to the extent that the Grantee was entitled to exercise the Option award on the Termination of Service date; and (B) exercise must occur by the earlier of (1) ninety (90) days following the Termination of Service, and (2) the Expiration Date.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Emmaus Holdings, Inc.)
