Termination of Relationship. (a) If for any reason, except death or disability as provided below, the Optionee ceases to perform the services for which the Options were granted, all unvested options shall be automatically and irrefutably forfeited effective three months from the date the Optionee ceases to perform such services, except as otherwise provided herein.
Appears in 14 contracts
Samples: Non Qualified Stock Option Agreement (Conversion Labs, Inc.), Non Qualified Stock Option Agreement (Conversion Labs, Inc.), Non Qualified Stock Option Agreement (Duos Technologies Group, Inc.)
Termination of Relationship. (a) If for any reason, except death or disability as provided below, the Optionee ceases to perform the services for which the Options were granted, all unvested options shall be automatically and irrefutably forfeited effective three months from the date the Board has deemed that the Optionee ceases has ceased to perform such services, except as otherwise provided herein.
Appears in 8 contracts
Samples: Stock Option Agreement (STERLING CONSOLIDATED Corp), Non Qualified Stock Option Agreement (Activecare, Inc.), Non Qualified Stock Option Agreement (Meridian Waste Solutions, Inc.)
Termination of Relationship. (a) If for any reason, except death or disability as provided below, the Optionee ceases to perform services in the services capacity for which the Options were granted, all unvested options shall vested Options as of the date of the termination of services may be automatically and irrefutably forfeited effective exercised by the Optionee at any time within three months from the date the Optionee ceases to perform such following termination of services, except as otherwise provided herein.
Appears in 4 contracts
Samples: Non Qualified Stock Option Agreement (GelTech Solutions, Inc.), Non Qualified Stock Option Agreement (GelTech Solutions, Inc.), Non Qualified Stock Option Agreement (GelTech Solutions, Inc.)
Termination of Relationship. (a) If for any reason, except death or disability as provided below, the Optionee ceases to perform the services for which the Options were granted, all unvested options rights granted hereunder shall be automatically and irrefutably forfeited terminate effective three months two years from the date the Optionee ceases to perform such services, except as otherwise provided for herein.
Appears in 2 contracts
Samples: Non Qualified Stock Option Agreement (Options Media Group Holdings, Inc.), Non Qualified Stock Option Agreement (Options Media Group Holdings, Inc.)
