Common use of Termination of Vesting Clause in Contracts

Termination of Vesting. The vesting of the Option under Section 4.1 shall cease upon the Optionee's death or upon the termination of Optionee's employment by the Company. Any increments of the Option which have already vested in the Optionee shall not be affected by such termination.

Appears in 4 contracts

Samples: Stock Option Agreement (Roanoke Technology Corp), Stock Option Agreement (Roanoke Technology Corp), Stock Option Agreement (Roanoke Technology Corp)

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Termination of Vesting. The vesting of the Option under Section 4.1 3.1 shall cease upon the Optionee's death or upon the termination of Optionee's employment by the Company. Any increments of the Option which have already vested in the Optionee shall not be affected by such termination.

Appears in 1 contract

Samples: Stock Option Agreement (Foster Edwin)

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