Common use of Termination of Service Other Than Due to Death or Disability Clause in Contracts

Termination of Service Other Than Due to Death or Disability. Unless the Option has earlier terminated, the Option shall terminate in its entirety, regardless of whether the Option is vested, three (3) years after the date the Grantee ceases to provide Services for any reason other than the Grantee’s death or Disability. Except as provided in paragraphs (b) and (c) of this Section, any portion of the Option that is not vested at the time the Grantee ceases to provide Services shall immediately terminate.

Appears in 5 contracts

Samples: Statutory Stock Option Grant Agreement Director (Mast Therapeutics, Inc.), Non Statutory Stock Option Grant Agreement (Mast Therapeutics, Inc.), Non Statutory Stock Option Grant Agreement (Mast Therapeutics, Inc.)

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Termination of Service Other Than Due to Death or Disability. Unless the Option has earlier terminated, the Option shall terminate in its entirety, regardless of whether the Option is vested, three ninety (390) years days after the date the Grantee ceases to provide Services for any reason other than the Grantee’s death or Disability. Except as provided in paragraphs (b) and (c) of this Section, any portion of the Option that is not vested at the time the Grantee ceases to provide Services shall immediately terminate.

Appears in 1 contract

Samples: Non Statutory Stock Option Grant Agreement (Savara Inc)

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Termination of Service Other Than Due to Death or Disability. Unless the Option has earlier terminated, the Option shall terminate in its entirety, regardless of whether the Option is vested, three (3) years after the date the Grantee ceases to provide Services be a Director or, if applicable, an Employee, for any reason other than the Grantee’s death or Disability. Except as provided below in paragraphs (bSection 6(b) and or (c) of this Section), any portion of the Option that is not vested at the time the Grantee ceases to provide Services be a Director or, if applicable, an Employee, shall immediately terminate.

Appears in 1 contract

Samples: Stock Option Grant Agreement Director (Arena Pharmaceuticals Inc)

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