Terminations of Service – Generally. If the Grantee’s Service is terminated for any reason, the unvested portion of the Option (determined after taking into account any accelerated vesting pursuant to this Section 4, if any) shall be forfeited by the Grantee and cancelled by the Company as of the date of the Grantee’s termination of Service, and the Grantee shall have no further right or interest in such forfeited portion unless the Committee in its sole discretion shall determine otherwise. In such event, the MACROBUTTON DocID \\4162-0784-8013 v3 Grantee shall have the right, subject to the other terms and conditions set forth in this Agreement and the Plan, to exercise the Option, to the extent it has vested as of the date of such termination of Service, at any time within three (3) months after the date of such termination of Service, subject to the earlier expiration of the Option as provided in Section 1(b) hereof. To the extent the vested portion of the Option is not exercised within such three (3)-month period, the Option shall be cancelled and revert back to the Company and the Grantee shall have no further right or interest therein.
Appears in 1 contract
Samples: Nonqualified Stock Option Grant Agreement (Orthofix Medical Inc.)
Terminations of Service – Generally. If the Grantee’s Service is terminated for any reason, the unvested portion of the Option (determined after taking into account any accelerated vesting pursuant to this Section 4, if any) shall be forfeited by the Grantee and cancelled by the Company as of the date of the Grantee’s termination of Service, and the Grantee shall have no further right or interest in such forfeited portion unless the Committee in its sole discretion shall determine otherwise. In such event, the MACROBUTTON DocID \\4162\\4156-07849807-8013 v3 4958 v1 Grantee shall have the right, subject to the other terms and conditions set forth in this Agreement and the Plan, to exercise the Option, to the extent it has vested as of the date of such termination of Service, at any time within three (3) months after the date of such termination of Service, subject to the earlier expiration of the Option as provided in Section 1(b) hereof. To the extent the vested portion of the Option is not exercised within such three (3)-month period, the Option shall be cancelled and revert back to the Company and the Grantee shall have no further right or interest therein.
Appears in 1 contract
Samples: Nonqualified Stock Option Grant Agreement (Orthofix Medical Inc.)
Terminations of Service – Generally. If the Grantee’s Service is terminated for any reason, the unvested portion of the Option (determined after taking into account any accelerated vesting pursuant to this Section 4, if any) shall be forfeited by the Grantee and cancelled by the Company as of the date of the Grantee’s termination of Service, and the Grantee shall have no further right or interest in such forfeited portion unless the Committee in its sole discretion shall determine otherwise. In such event, the MACROBUTTON DocID \\4162\\4157-07844097-8013 v3 2368 v1 Grantee shall have the right, subject to the other terms and conditions set forth in this Agreement and the Plan, to exercise the Option, to the extent it has vested as of the date of such termination of Service, at any time within three (3) months after the date of such termination of Service, subject to the earlier expiration of the Option as provided in Section 1(b) hereof. To the extent the vested portion of the Option is not exercised within such three (3)-month period, the Option shall be cancelled and revert back to the Company and the Grantee shall have no further right or interest therein.
Appears in 1 contract
Samples: Nonqualified Stock Option Grant Agreement (Orthofix Medical Inc.)
Terminations of Service – Generally. If the Grantee’s Service is terminated for any reason, the unvested portion of the Option (determined after taking into account any accelerated vesting pursuant to this Section 4, if any) shall be forfeited by the Grantee and cancelled by the Company as of the date of the Grantee’s termination of Service, and the Grantee shall have no further right or interest in such forfeited portion unless the Committee in its sole discretion shall determine otherwise. In such event, the MACROBUTTON DocID \\4162\\4159-07847138-8013 v3 9263 v1 Grantee shall have the right, subject to the other terms and conditions set forth in this Agreement and the Plan, to exercise the Option, to the extent it has vested as of the date of such termination of Service, at any time within three (3) months after the date of such termination of Service, subject to the earlier expiration of the Option as provided in Section 1(b) hereof. To the extent the vested portion of the Option is not exercised within such three (3)-month period, the Option shall be cancelled and revert back to the Company and the Grantee shall have no further right or interest therein.
Appears in 1 contract
Samples: Nonqualified Stock Option Grant Agreement (Orthofix Medical Inc.)
Terminations of Service – Generally. If the Grantee’s Service is terminated for any reason, the unvested portion of the Option (determined after taking into account any accelerated vesting pursuant to this Section 4, if any) shall be forfeited by the Grantee and cancelled by the Company as of the date of the Grantee’s termination of Service, and the Grantee shall have no further right or interest in such forfeited portion unless the Committee in its sole discretion shall determine otherwise. In such event, the MACROBUTTON DocID \\4162\\4137-07848914-8013 v3 5167 v1 Grantee shall have the right, subject to the other terms and conditions set forth in this Agreement and the Plan, to exercise the Option, to the extent it has vested as of the date of such termination of Service, at any time within three (3) months after the date of such termination of Service, subject to the earlier expiration of the Option as provided in Section 1(b) hereof. To the extent the vested portion of the Option is not exercised within such three (3)-month period, the Option shall be cancelled and revert back to the Company and the Grantee shall have no further right or interest therein.
Appears in 1 contract
Samples: Nonqualified Stock Option Grant Agreement (Orthofix Medical Inc.)