Common use of Term; Forfeiture Clause in Contracts

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:

Appears in 7 contracts

Samples: Nonqualified Stock Option Agreement (Cano Petroleum, Inc), Nonqualified Stock Option Agreement (Integrated Security Systems Inc), Nonqualified Stock Option Agreement (Cano Petroleum, Inc)

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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 's Termination of Service, the Stock Option will be terminated on that date, and to the extent the Participant has any Restricted Stock on the date of the Participant's Termination of Service, such Restricted Stock shall be forfeited on that date. The unexercised portion of the Stock Option that relates to Optioned Shares which that are vested will terminate at the first of the following to occur:

Appears in 4 contracts

Samples: Nonqualified Stock Option Agreement (Corrpro Companies Inc /Oh/), Nonqualified Stock Option Agreement (Corrpro Companies Inc /Oh/), Nonqualified Stock Option Agreement (Corrpro Companies Inc /Oh/)

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 ParticipantOptionee’s termination of service with the Group as an employee, independent contractor or member of the Board (“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:

Appears in 2 contracts

Samples: Inducement Nonqualified Stock Option Award Agreement (InspireMD, Inc.), Inducement Nonqualified Stock Option Award 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 upon 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: a. 5 p.m. on the date the Option Period terminates;

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Matador Resources Co), Nonqualified Stock Option Agreement (Matador Resources Co)

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 upon 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:: a. 5 p.m. on the date the Option Period terminates;

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Matador Resources Co), Nonqualified Stock Option Agreement (Matador Resources Co)

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 upon 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:

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Matador Resources Co), Nonqualified Stock Option Agreement (Matador Resources Co)

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 that are not vested will terminate at the first of the following to occur:

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Corrpro Companies Inc /Oh/)

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:

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Summit Bancshares Inc /Tx/)

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 termination of Serviceemployment, 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;

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Alliqua, Inc.)

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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 termination of Serviceservice, 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;

Appears in 1 contract

Samples: Nonstatutory 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 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;

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Cano Petroleum, 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 termination of Serviceservice, 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;

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Harborview Master Fund Lp)

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(as such term is set forth in the Employment Agreement), 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:

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Matador Resources Co)

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 's Termination of ServiceEmployment (as defined below), the Stock Option will be terminated on that date. The unexercised portion of the Stock Option that relates to Optioned Shares which that are vested will terminate at the first of the following to occur:

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Pizza Inn Inc /Mo/)

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