Common use of Termination of Employment or Relationship as a Director or Consultant Clause in Contracts

Termination of Employment or Relationship as a Director or Consultant. In the event an Optionee’s continual status as an employee, director, or consultant (other than upon the Optionee’s death or disability) shall terminate prior to the Expiration Date, then this Option shall expire ninety days after the termination of the later of employment with the Company or such affiliation with the Company for any reason, or for no reason, unless:

Appears in 2 contracts

Samples: Employment Agreement (NPS Pharmaceuticals Inc), Stock Option Grant Agreement (NPS Pharmaceuticals Inc)

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Termination of Employment or Relationship as a Director or Consultant. In the event an Optionee’s continual status as an employee, director, or consultant Continuous Service (other than upon the Optionee’s death or disability) shall terminate prior to the Expiration Date, then this Option shall expire ninety days after the termination of the later of employment with the Company or such affiliation with the Company Continuous Service for any reason, or for no reason, unless:

Appears in 1 contract

Samples: Option Agreement (NPS Pharmaceuticals Inc)

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Termination of Employment or Relationship as a Director or Consultant. 4.1 In the event an Optionee’s continual status as an employee, director, or consultant (other than upon the Optionee’s death or disability) shall terminate terminates prior to the Expiration Date, then this Option shall expire ninety days after the termination date of the later of employment with the Company or such affiliation with the Company for any reason, or for no reasontermination, unless:

Appears in 1 contract

Samples: Stock Option Grant Agreement (NPS Pharmaceuticals Inc)

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