Option Period and Vesting. Options (other than Nonemployee Directors’ Options) hereunder shall vest and may be exercised as determined by the Administrator, except that exercise of such Options after termination of the Recipient’s Service shall be subject to Section 2.02(g). Each Option granted hereunder (other than a Nonemployee Directors Option) and all rights or obligations thereunder shall expire on such date as shall be determined by the Administrator, but not later than ten years after the date the Option is granted and shall be subject to earlier termination as herein provided.
Appears in 3 contracts
Samples: Equity Incentive Plan (La Jolla Pharmaceutical Co), 2004 Equity Incentive Plan (La Jolla Pharmaceutical Co), Equity Incentive Plan (La Jolla Pharmaceutical Co)
Option Period and Vesting. Options (other than Nonemployee Directors’ ' Options) hereunder shall vest and may be exercised as determined by the Administrator, except that exercise of such Options after termination of the Recipient’s 's Service shall be subject to Section 2.02(g). Each Option granted hereunder (other than a Nonemployee Directors Option) and all rights or obligations thereunder shall expire on such date as shall be determined by the Administrator, but not later than ten years after the date the Option is granted and shall be subject to earlier termination as herein provided.
Appears in 1 contract
Samples: 2004 Equity Incentive Plan (La Jolla Pharmaceutical Co)
