Option Exercise Extension Sample Clauses
Option Exercise Extension. In the event that Employer, without cause, either terminates Employee’s employment or fails to renew this Agreement upon expiration hereof, or in the event Employee tenders his resignation upon a “change in control,” then the period to exercise any option to purchase the securities of Employer of which Employee may be possessed shall be extended to the expiration thereof as set forth in the option instrument.
Option Exercise Extension. In the event that Derma U.S. or Derma Canada, without cause, either terminates Employee’s employment or fails to renew this Agreement upon expiration hereof, or in the event Employee tenders his resignation upon a “change in control,” then the period to exercise any option to purchase the securities of Derma U.S. of which Employee may be possessed shall be extended to the expiration thereof as set forth in the option instrument.
Option Exercise Extension. Effective as of the date hereof, notwithstanding anything to the contrary set forth in the Plans or any Award Agreement, immediately upon the Participant’s resignation as a director, any Option which is vested at the time of such resignation (including the Option to purchase 7,500 shares of common stock of the Company issued September 12, 2019 under the 2019 Equity Incentive Plan) shall remain exercisable (in accordance with the requirements of the respective Plans), until the earlier of (a) the one year anniversary of the Resignation Date, and (b) the end of the applicable Term as set forth in the applicable Award Agreement. This Section 1 shall amend any term to the contrary contained in the Plans and any Award Agreement of the Participant under the Plans outstanding on the date hereof.
Option Exercise Extension. “Option Exercise Extension” means the 120 day period after the expiration of the post-employment option exercise period in the Option Agreement.
Option Exercise Extension. Section 7(a) of the Option Agreement shall be deleted and replaced with the following to reflect the Option Exercise Extension as follows” “After Optionee’s termination of employment for any reason, all unvested Options will be forfeited immediately, and all vested options shall remain exercisable until the lesser of (i) two hundred and forty (240) days following the Optionee’s date of termination or (ii) the remaining term of the Option; or”
Option Exercise Extension. Effective as of the date hereof, notwithstanding anything to the contrary set forth in the Plans or any Award Agreement, immediately upon the Participant’s resignation as a director, any Option which is vested at the time of such resignation (including the Option to purchase 7,500 shares of common stock of the Company issued September 12, 2019 under the 2019 Equity Incentive Plan and the Option to purchase 7,500 shares of common stock of the Company issued January 3, 2019 under the 2014 Equity Incentive Plan) shall remain exercisable (in accordance with the requirements of the respective Plans), until the earlier of (a) the one year anniversary of the Resignation Date, and (b) the end of the applicable Term as set forth in the applicable Award Agreements. This Section 1 shall amend any term to the contrary contained in the Plans and any Award Agreement of the Participant under the Plans outstanding on the date hereof.
Option Exercise Extension. Subject to approval by the Board of Directors, Executive will be granted an extension of up to twelve (12) months after the Separation Date to exercise any vested, unexercised option shares granted under any GoodRx Holdings, Inc. Equity Incentive Plan, regardless of any language in the Plans or option agreement(s) that may specify a shorter exercise period. To the extent that Executive does not exercise such options by the end of this 12-month period, all remaining vested but unexercised option shares will be canceled, and all option agreements will terminate. As of the Separation Date, any unvested RSUs granted to the Executive under any GoodRx Holdings, Inc. stock plans will be canceled, and Executive will have no further rights with respect to those unvested RSUs. Other than as set forth in this Paragraph 2, Executive acknowledges that he has no other rights, title or interest in any other options or shares of capital stock of the Company or GoodRx Holdings, Inc. or other securities therein and no other rights to purchase any such securities. Further, except as set forth herein, Executive shall have no further rights to any compensation or any other benefits under the Employment Agreement, or any other agreements, from and after the Separation Date. Executive agrees that he is not entitled to Salary Severance or other separation benefits contemplated in and under the conditions set forth in his Employment Agreement given the voluntary nature of his separation of employment; however, for the avoidance of doubt, Executive expressly waives any right to such Salary Severance or other separation benefits as set forth in the Employment Agreement.
Option Exercise Extension. In the event that Derma Sciences or Derma First Aid, without cause, either terminates Employee’s employment or fails to renew this Agreement upon expiration hereof, or in the event Employee tenders his resignation upon a “change in control,” then the period to exercise any option to purchase the securities of Derma Sciences of which Employee may be possessed shall be extended to the expiration thereof as set forth in the option instrument.