Common use of Termination of Status as an Employee or Consultant Clause in Contracts

Termination of Status as an Employee or Consultant. If Optionee ceases to serve as an Employee or Consultant, he or she may, but only within three (3) months after the date he or she ceases to be an Employee or Consultant of the Company, exercise this Option to the extent that he or she was entitled to exercise it at the date of such termination. To the extent that he or she was not entitled to exercise this Option at the date of such termination, or if he or she does not exercise this Option within the time specified herein, the Option shall terminate.

Termination of Status as an Employee or Consultant. If Optionee ceases to serve as an Employee or Consultant, he or she may, but only within three (3) months after the date he or she ceases to be an Employee or Consultant of the Company, exercise this Option to the extent that he or she was entitled to exercise it at the date of such termination. To the extent that he or she was not entitled to exercise this Option at the date of such termination, or if he or she does not exercise this Option within the time specified herein, the Option shall terminate. If Optionee’s status changes from that of an Employee to that of a Consultant, this Option will become a non-statutory option (NSO) to the extent is it not exercised within ninety (90) days after the date the Optionee ceased to be an Employee.

Termination of Status as an Employee or Consultant. If Optionee ceases to serve In the event of termination of Optionee's Continuous Status as an Employee or Consultant, he or she may, but only within three thirty (330) months days after the date he or she ceases to be an Employee or Consultant of such termination (but in no event later than the date of expiration of the Companyterm of this Option as set forth in Section 11 below), exercise this Option to the extent that he or she was entitled to exercise it at the date of such termination. To the extent that he or she was not entitled to exercise this Option at the date of such termination, or if he or she does not exercise this Option within the time specified herein, the Option shall terminate.

Termination of Status as an Employee or Consultant. If Optionee ceases to serve In the event of termination of Optionee's Continuous Status as an Employee or Consultant, he or she Optionee may, but only within three ninety (390) months days after the date he or she ceases to be an Employee or Consultant of such termination (but in no event later than the CompanyExpiration Date), exercise this the Option to the extent that he or she Optionee was entitled to exercise it at the date of such termination. To the extent that he or she Optionee was not entitled to exercise this the Option at the date of such termination, or if he or she Optionee does not exercise this Option within the time specified herein, the Option this Agreement shall terminate.