Common use of Termination as a Result of Death or Disability Clause in Contracts

Termination as a Result of Death or Disability. If your employment or service terminates by reason of your death or Disability (at a time when you could not have been terminated for Cause), then the unvested portion of this Option shall automatically terminate immediately and the vested portion of this Option shall automatically terminate 12 months after such termination.

Appears in 6 contracts

Samples: Stock Option Award Agreement (22nd Century Group, Inc.), Stock Option Award Agreement (Widepoint Corp), Stock Option Award Agreement (Rock Creek Pharmaceuticals, Inc.)

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Termination as a Result of Death or Disability. If your employment or service with the Company terminates by reason of your death or Disability (at a time when you your employment or service could not otherwise have been terminated for Cause), then the unvested portion of this Option shall automatically will terminate immediately and on the vested portion of this Option shall automatically terminate 12 earlier of: (i) the Expiration Date, or (ii) the date that is six (6) months after the date of such terminationtermination of your employment or service by reason of your death or Disability.

Appears in 2 contracts

Samples: Stock Option Award Agreement (Cue Health Inc.), Stock Option Award Agreement (Cue Health Inc.)

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Termination as a Result of Death or Disability. If your employment or service with the Company terminates by reason of your death or Disability (at a time when you your employment or service could not otherwise have been terminated for Cause), then the unvested portion of this Option shall automatically will terminate immediately and on the vested portion of this Option shall automatically terminate 12 earlier of: (i) the Expiration Date, or (ii) the date that is six months after the date of such terminationtermination of your employment or service by reason of your death or Disability.

Appears in 1 contract

Samples: Stock Option Award Agreement (Cesca Therapeutics Inc.)

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