Common use of Term of Award Clause in Contracts

Term of Award. The Award Period during which the Stock Option is in effect will commence on the Date of Grant and end on the tenth anniversary of the Date of Grant, unless the Stock Option otherwise terminates or is forfeited under the terms of the Plan or this Agreement prior to the expiration of the Award Period, including, without limitation, in connection with Participant’s termination of service as an Employee as provided under Section 5 of this Agreement.

Appears in 7 contracts

Samples: Employment Agreement (PLX Pharma Inc.), Employment Agreement (PLX Pharma Inc.), Employment Agreement (PLX Pharma Inc.)

AutoNDA by SimpleDocs

Term of Award. The Award Period during which the Stock Option is in effect will commence on the Date of Grant and end on the tenth anniversary of the Date of Grant, unless the Stock Option otherwise terminates or is forfeited under the terms of the Plan or this Agreement prior to the expiration of the Award Period, including, without limitation, in connection with Participant’s termination of service as an Employee as provided under Section 5 Article 8 of this Agreementthe Plan.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (CST Brands, Inc.)

Term of Award. The Award Period during which the Stock Option is in effect will commence on the Date of Grant and end on the tenth anniversary of the Date of Grant, unless the Stock Option otherwise terminates or is forfeited under the terms of the Plan or this Agreement prior to the expiration of the Award Period, including, without limitation, in connection with Participant’s termination of service as an Employee «Status» as provided under Section 5 of this Agreement.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (PLX Pharma Inc.)

Term of Award. The Award Period during which the Stock Option is in effect will commence on the Date of Grant and end on the tenth anniversary (or, in the case of a 10% Shareholder, the fifth anniversary) of the Date of Grant, unless the Stock Option otherwise terminates or is forfeited under the terms of the Plan or this Agreement prior to the expiration of the Award Period, including, without limitation, in connection with Participant’s termination of service as an Employee as provided under Section 5 of this Agreement.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (PLX Pharma Inc.)

AutoNDA by SimpleDocs

Term of Award. The Award Period during which the Stock Option is in effect will commence on the Date of Grant and end on the tenth anniversary of the Date of Grant, unless the Stock Option otherwise terminates or is forfeited under the terms of the Plan or this Agreement prior to the expiration of the Award Period, including, without limitation, in connection with Participant’s termination of service as an Employee employee as provided under Section 5 of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (PLx Pharma Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!