Common use of Termination in Connection with a Sale Event Clause in Contracts

Termination in Connection with a Sale Event. If the Optionee’s Service Relationship is terminated by the Company without Cause or by the Optionee for Good Reason in either case within 24 months after a Sale Event, this Stock Option shall immediately become 100% vested and exercisable as of the date of such termination.

Appears in 8 contracts

Samples: Incentive Stock Option Agreement (Insulet Corp), Incentive Stock Option Agreement (Insulet Corp), Non Qualified Stock Option Agreement (Insulet Corp)

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Termination in Connection with a Sale Event. If the Optionee’s Service Relationship employment is terminated by the Company without Cause or by the Optionee for Good Reason in either case within 24 months after a Sale Event, this Stock Option shall immediately become 100% vested and exercisable as of the date of such termination.

Appears in 6 contracts

Samples: Incentive Stock Option Agreement (Insulet Corp), Incentive Stock Option Agreement (Insulet Corp), Non Qualified Stock Option Agreement (Insulet Corp)

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Termination in Connection with a Sale Event. If the Optionee’s Service Relationship employment is terminated by the Company without Cause or by the Optionee for Good Reason in either case within 24 months after a Sale Event, this Stock Option shall immediately become 100% vested and exercisable as of the date of such termination.

Appears in 6 contracts

Samples: Incentive Stock Option Agreement (Insulet Corp), Incentive Stock Option Agreement (Insulet Corp), Incentive Stock Option Agreement (Insulet Corp)

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