Common use of Termination of Relationship Clause in Contracts

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. (b) If the Optionee shall die while performing services for the Company, such Optionee’s estate or any Transferee (as defined hereinafter) shall have the right within twelve (12) months from the date of death to exercise the Optionee’s vested Options, subject to Section 3(c) hereof. For the purpose of this Agreement, “Transferee” shall mean an individual to whom such Optionee’s vested Options are transferred by will or by the laws of descent and distribution.

Termination of Relationship. (a) If for any reason, except death or disability as provided below, the Optionee ceases to perform performing services for the services Company in the capacity for which the Options were granted, all unvested options rights granted hereunder shall be automatically and irrefutably forfeited terminate effective three months from the date the Optionee ceases to perform such services, except as otherwise provided hereinthat date. (b) If the Optionee shall die while performing services for the CompanyCompany in the capacity for which the Options were granted, such the Optionee’s estate or any Transferee (Transferee, as defined hereinafter) herein, shall have the right within twelve (12) months one year from the date of the Optionee’s death to exercise the Optionee’s vested Options, Options subject to Section 3(c) hereof). For the purpose of this Agreement, “Transferee” shall mean an individual a person to whom such Optionee’s vested Options shares are transferred by will or by the laws of descent and distribution.

Termination of Relationship. (a) If for any reason, except death or disability as provided below, the Optionee ceases to perform performing services for the services Company in the capacity for which the Options were granted, all unvested options rights granted hereunder shall be automatically and irrefutably forfeited terminate effective three months from the date the Optionee ceases to perform such services, except as otherwise provided hereinthat date. (b) If the Optionee shall die while performing services for the CompanyCompany in the capacity for which the Options were granted, such the Optionee’s estate or any Transferee (Transferee, as defined hereinafter) herein, shall have the right within twelve (12) three months from the date of the Optionee’s death to exercise the Optionee’s vested Options, Options subject to Section 3(c) hereof). For the purpose of this Agreement, “Transferee” shall mean an individual a person to whom such Optionee’s vested Options shares are transferred by will or by the laws of descent and distribution.

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. (b) If the Optionee shall die while performing services for the Company, such Optionee’s estate or any Transferee (as defined hereinafter) shall have the right within twelve (12) months from the date of death to exercise the Optionee’s vested Options, subject to Section 3(c) hereof. For the purpose of this Agreement, “Transferee” shall mean an individual to whom such Optionee’s vested Options are transferred by will or by the laws of descent and distribution.

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. (b) If the Optionee shall die while performing services for the Company, such Optionee’s 's estate or any Transferee (as defined hereinafter) shall have the right within twelve (12) months from the date of death to exercise the Optionee’s 's vested Options, subject to Section 3(c) hereof. For the purpose of this Agreement, “"Transferee” " shall mean an individual to whom such Optionee’s 's vested Options are transferred by will or by the laws of descent and distribution.