Term; Forfeiture. a. Except as otherwise provided in this Agreement, to the extent the unexercised portion of the Stock Option relates to Optioned Shares which are not vested on the date of the Participant’s Termination of Service, the Stock Option will be terminated on that date. The unexercised portion of the Stock Option that relates to Optioned Shares which are vested will terminate at the first of the following to occur: i. 5 p.m. on the date the Option Period terminates; ii. 5 p.m. on the date which is twelve (12) months following the date of the Participant’s Termination of Service due to death or Total and Permanent Disability;
Appears in 19 contracts
Samples: Incentive Stock Option Agreement (Paycom Software, Inc.), Nonqualified Stock Option Agreement (Goodman Networks Inc), Nonqualified Stock Option Agreement (Alliqua, Inc.)
Term; Forfeiture. a. Except as otherwise provided in this Agreement, to the extent the unexercised portion of the Stock Option relates to Optioned Shares which that are not vested on the date of the Participant’s Termination of Service, the Stock Option will be terminated on that date. The unexercised portion of the Stock Option that relates to Optioned Shares which are vested on such date will terminate at the first of the following to occur: i. 5 p.m. on the date the Option Period terminates; ii. 5 p.m. on the date which is twelve (12) months following the date of the Participant’s Termination of Service due to death or Total and Permanent Disability;
Appears in 3 contracts
Samples: Incentive Stock Option Agreement (Staffing 360 Solutions, Inc.), Nonqualified Stock Option Agreement (Staffing 360 Solutions, Inc.), Incentive Stock Option Agreement (Staffing 360 Solutions, Inc.)
Term; Forfeiture. a. Except as otherwise provided in this Agreement, to the extent the unexercised portion of the Stock Option relates to Optioned Shares which are not vested on the date of the Participant’s Termination of ServiceDate, the Stock Option will be terminated on that date. The unexercised portion of the Stock Option that relates to Optioned Shares which are vested will terminate at the first of the following to occur: i. 5 p.m. on the date the Option Period terminates; ii. 5 p.m. on the date which is twelve twenty-four (1224) months following the date of the Participant’s Termination termination of Service service due to death or Total and Permanent Disabilitydeath;
Appears in 3 contracts
Samples: Nonqualified Stock Option Agreement (InspireMD, Inc.), Nonqualified Stock Option Agreement (InspireMD, Inc.), Nonqualified Stock Option Agreement (InspireMD, Inc.)
Term; Forfeiture. a. Except as otherwise provided in this Agreement, to the extent the unexercised portion of the Stock Option relates to Optioned Shares which are not vested on the date of the Participant’s Termination of Service, the Stock Option will be terminated on that date. The unexercised portion of the Stock Option that relates to Optioned Shares which are vested will terminate at the first of the following to occur: i. 5 p.m. on the date the Option Period terminates; ii. 5 p.m. on the date which is twelve one hundred eighty (12180) months days following the date of the Participant’s Termination of Service due to death or Total and Permanent Disability;
Appears in 3 contracts
Samples: Nonqualified Stock Option Agreement (Exco Resources Inc), Nonqualified Stock Option Agreement (Miller Douglas H), Nonqualified Stock Option Agreement (Miller Douglas H)
Term; Forfeiture. a. Except as otherwise provided in this Agreement, to the extent the unexercised portion of the Stock Option relates to Optioned Shares which are not vested on the date of the Participant’s Termination of Service, the Stock Option will be terminated on that date. The unexercised portion of the Stock Option that relates to Optioned Shares which are vested will terminate at the first of the following to occur: i. 5 p.m. on the date the Option Period terminates; ii. 5 p.m. on the date which is twelve (12) months following the date of the Participant’s Termination of Service due to death death, Retirement or Total and Permanent Disability;
Appears in 2 contracts
Samples: Nonqualified Stock Option Agreement (Red Mountain Resources, Inc.), Nonqualified Stock Option Agreement (Snap Interactive, Inc)
Term; Forfeiture. a. Except as otherwise provided in this Agreement, to the extent the unexercised portion of the Stock Option relates to Optioned Shares which are not vested on the date of the Participant’s Termination of Service, the Stock Option will be terminated on that date. The unexercised portion of the Stock Option that relates to Optioned Shares which are vested will terminate at the first of the following to occur: i. a. 5 p.m. on the date the Option Period terminates; ii. b. 5 p.m. on the date which is twelve (12) months following the date of the Participant’s Termination of Service due to death or Total and Permanent Disability;
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (REV Group, Inc.)
Term; Forfeiture. a. Except as otherwise provided in this Agreement, to the extent the unexercised portion of the Stock Option relates to Optioned Shares which are not vested on the date of the Participant’s Termination of Service, the Stock Option will be terminated on that date. The unexercised portion of the Stock Option that relates to Optioned Shares which are vested will terminate at the first of the following to occur: i. 5 p.m. on the date the Option Period terminates; ii. 5 p.m. on the date which is twelve (12) months following the date of the Participant’s Termination of Service due to death death, or Total and Permanent Disability;
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (Paycom Software, Inc.)
Term; Forfeiture. a. Except as otherwise provided in this Agreement, to the extent the unexercised portion of the Stock Option relates to Optioned Shares which that are not vested on the date of the Participant’s Termination of ServiceParticipant ceases to be a Service Provider, the Stock Option will be terminated on that date. The unexercised portion of the Stock Option that relates to Optioned Shares which are vested on such date will terminate at the first of the following to occur: i. :
a. 5 p.m. on the date the Option Period terminates; ii. ;
b. 5 p.m. on the date which that is twelve (12) months 90 days following the date of on which the Participant’s Termination of Participant ceases to be a Service due to death or Total and Permanent Disability;Provider; or
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (U.S. Gold Corp.)
Term; Forfeiture. a. Except as otherwise provided in this Agreement, to the extent the unexercised portion of the Stock Option relates to Optioned Shares which are not vested on the date of the Participant’s Termination of Service, the Stock Option will be terminated on that date. The unexercised portion of the Stock Option that relates to Optioned Shares which are vested will terminate and be forfeited at the first of the following to occur: i. 5 p.m. on the date the Option Period terminates; ii. 5 p.m. on the date which is twelve one hundred eighty (12180) months days following the date of the Participant’s Termination of Service due to death or Total and Permanent Disability;
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Exco Resources Inc)