Common use of Vesting and Term of Option Clause in Contracts

Vesting and Term of Option. This Section 2.2 is subject to the provisions of the Plan and the other provisions of this Agreement and as otherwise provided in a written employment agreement between the Company or an Affiliate and the Optionee. 2.2.1 This Option shall vest and become exercisable in four equal annual installments on first, second, third and fourth anniversaries of the Vesting Commencement Date (each a “Vesting Date”) subject to the Grantee’s Continuous Status as an Employee, Director or Consultant through each applicable Vesting Date. 2.2.2 The “Term” of this Option shall begin on the Date of Xxxxx set forth in the Grant Notice and end on the expiration of the Term specified in the Grant Notice. No portion of this Option may be exercised after the expiration of the Term. 2.2.3 In the event of termination of Optionee’s Continuous Status as an Employee, Director or Consultant for any reason other than death, Disability, or Cause: 2.2.3.1 the portion of this Option that is not vested and exercisable as of the Termination Date shall not continue to vest and shall be immediately cancelled and terminated; and 2.2.3.2 the portion of this Option that is vested and exercisable as of the Termination Date shall terminate and be cancelled on the earlier of: (a) the expiration of the Term and (b) the following date: (i) if the Optionee is a not an Executive, ninety (90) days after the Termination Date, and (ii) if the Optionee is an Executive, the one-year anniversary of the Termination Date. 2.2.4 In the event of termination of Optionee’s Continuous Status as an Employee, Director or Consultant due to death or Disability: 2.2.4.1 the portion of this Option that is not vested and exercisable as of the Termination Date shall not continue to vest and shall be immediately cancelled and terminated; and 2.2.4.2 the portion of this Option that is vested and exercisable as of the Termination Date shall terminate and be cancelled on the earlier of (a) the expiration of the Term and (b) the one-year anniversary of the Termination Date. 2.2.5 If Optionee’s Continuous Status as an Employee, Director or Consultant is terminated for Cause, or if, after the termination of Optionee’s Continuous Status as an Employee, Director or Consultant, the Committee determines that Cause existed before such termination, this entire Option shall not continue to vest, shall be cancelled and terminated as of the Termination Date, and shall no longer be exercisable as to any Shares, whether or not previously vested.

Vesting and Term of Option. This Section 2.2 is subject to the provisions of the Plan and the other provisions of this Agreement and as otherwise provided in a written employment agreement between the Company or an Affiliate and the Optionee. 2.2.1 This Option shall vest and become exercisable in four equal annual installments during the Vesting Period on first, second, third and fourth anniversaries each anniversary of the Vesting Commencement Date of Grant (each such date, a “Vesting Date”) subject to the Grantee’s Continuous Status as an Employee, Director or Consultant through each applicable Vesting Date. 2.2.2 The “Term” of this Option shall begin on the Date of Xxxxx set forth in the Grant Notice and end on the expiration of the Term specified in the Grant Notice. No portion of this Option may be exercised after the expiration of the Term. 2.2.3 In the event of termination of Optionee’s Continuous Status as an Employee, Director or Consultant for any reason other than death, Disability, or Cause: 2.2.3.1 the portion of this Option that is not vested and exercisable as of the Termination Date shall not continue to vest and shall be immediately cancelled and terminated; and 2.2.3.2 the portion of this Option that is vested and exercisable as of the Termination Date shall terminate and be cancelled on the earlier of: (a) the expiration of the Term and (b) the following date: (i) if the Optionee is a not an Executive, ninety (90) days after the Termination Date, and (ii) if the Optionee is an Executive, the one-year anniversary of the Termination Date. 2.2.4 In the event of termination of Optionee’s Continuous Status as an Employee, Director or Consultant due to death or Disability: 2.2.4.1 the portion of this Option that is not vested and exercisable as of the Termination Date shall not continue to vest and shall be immediately cancelled and terminated; and 2.2.4.2 the portion of this Option that is vested and exercisable as of the Termination Date shall terminate and be cancelled on the earlier of (a) the expiration of the Term and (b) the one-year anniversary of the Termination Date. 2.2.5 If Optionee’s Continuous Status as an Employee, Director or Consultant is terminated for Cause, or if, after the termination of Optionee’s Continuous Status as an Employee, Director or Consultant, the Committee determines that Cause existed before such termination, this entire Option shall not continue to vest, shall be cancelled and terminated as of the Termination Date, and shall no longer be exercisable as to any Shares, whether or not previously vested.

Vesting and Term of Option. This Section 2.2 is subject to the provisions of the Plan and the other provisions of this Agreement and as otherwise provided in a written employment agreement between the Company or an Affiliate and the OptioneeAgreement. 2.2.1 This Option shall vest and become exercisable as described in four equal annual installments on first, second, third and fourth anniversaries of the Vesting Commencement Date (each a “Vesting Date”) subject to the Grantee’s Continuous Status as an Employee, Director or Consultant through each applicable Vesting DateGrant Notice. 2.2.2 The “Term” of this Option shall begin on the Date of Xxxxx Gxxxx set forth in the Grant Notice and end on the expiration of the Term Expiration Date specified in the Grant Notice. No portion of this Option may be exercised after the expiration of the Term. 2.2.3 In Except as otherwise provided in the Grant Notice, in the event of termination of Optionee’s Continuous Status as an Employee, Director or Consultant Termination for any reason other than death, Disability, or Cause: 2.2.3.1 the portion of this Option that is not vested and exercisable as of the Termination Date shall not continue to vest and shall be immediately cancelled and terminated; and 2.2.3.2 the portion of this Option that is vested and exercisable as of the Termination Date shall terminate and be cancelled on the earlier of: (a) the expiration of the Term Term; and (b) the following date: (i) if the Optionee is a not an Executive, ninety (90) days after the Termination Date, and (ii) if the Optionee is an Executive, the one-year anniversary of the such Termination Date. 2.2.4 In Except as otherwise provided in the Grant Notice, in the event of termination of Optionee’s Continuous Status as an Employee, Director or Consultant Termination due to death or Disability: 2.2.4.1 the portion of this Option that is not vested and exercisable as of the Termination Date shall not continue to vest and shall be immediately cancelled and terminated; and 2.2.4.2 the portion of this Option that is vested and exercisable as of the Termination Date shall terminate and be cancelled on the earlier of (a) the expiration of the Term and (b) the one-year anniversary of date that is twelve (12) months after the Termination Date. 2.2.5 If In the event of Optionee’s Continuous Status as an Employee, Director or Consultant is terminated Termination for Cause, or if, after the termination of Optionee’s Continuous Status as an Employee, Director or ConsultantTermination, the Committee Administrator determines that Cause existed before such terminationTermination, this entire Option shall not continue to vest, shall be cancelled and terminated as of the Termination Date, and shall no longer be exercisable as to any Shares, whether or not previously vested.

Vesting and Term of Option. This Section 2.2 is subject to the provisions of the Plan and the other provisions of this Agreement and as otherwise provided in a written employment agreement between the Company or an Affiliate and the OptioneeAgreement. 2.2.1 This Option shall vest and become exercisable in four equal annual installments during the Vesting Period on first, second, third and fourth anniversaries each anniversary of the Vesting Commencement Date of Grant (each a such date, the “Vesting Date”) subject to the Grantee’s Continuous Status as an Employee, Director or Consultant through each applicable the Vesting Date. 2.2.2 The “Term” of this Option shall begin on the Date of Xxxxx set forth in the Grant Notice and end on the expiration of the Term specified in the Grant Notice. No portion of this Option may be exercised after the expiration of the Term. 2.2.3 In the event of termination of Optionee’s Continuous Status as an Employee, Director or Consultant for any reason (including death or Disability) other than death, Disability, or Cause: 2.2.3.1 the portion of this Option that is not vested and exercisable as of the Termination Date shall not continue to vest and shall be immediately cancelled and terminated; and 2.2.3.2 the portion of this Option that is vested and exercisable as of the Termination Date shall terminate and be cancelled on the earlier of: (a) the expiration of the Term and (b) the following date: (i) if the Optionee is a not an Executive, ninety (90) days after the Termination Date, and (ii) if the Optionee is an Executive, the one-year anniversary of the Termination Date. 2.2.4 In the event of termination of Optionee’s Continuous Status as an Employee, Director or Consultant due to death or Disability: 2.2.4.1 the portion of this Option that is not vested and exercisable as of the Termination Date shall not continue to vest and shall be immediately cancelled and terminated; and 2.2.4.2 the portion of this Option that is vested and exercisable as of the Termination Date shall terminate and be cancelled on the earlier of (a) the expiration of the Term and (bb)(i) the one-year anniversary of the Termination Date. 2.2.5 If Optionee’s Continuous Status Date if the Optionee has served as an Employeea Director for less than five years, Director or Consultant is terminated for Cause, or if, after (ii) the termination of Optionee’s Continuous Status as an Employee, Director or Consultant, the Committee determines that Cause existed before such termination, this entire Option shall not continue to vest, shall be cancelled and terminated as two-year anniversary of the Termination DateDate if the Optionee has served as a Director for at least five years but less than ten years, and shall no longer be exercisable or (iii) the three-year anniversary of the Termination Date if the Optionee has served as to any Shares, whether or not previously vesteda Director for at least ten years.

Vesting and Term of Option. This Section 2.2 is subject to the provisions of the Plan and the other provisions of this Agreement and as otherwise provided in a written employment agreement between the Company or an Affiliate and the OptioneeAgreement. 2.2.1 This Option shall vest and become exercisable as described in four equal annual installments on first, second, third and fourth anniversaries of the Vesting Commencement Date (each a “Vesting Date”) subject to the Grantee’s Continuous Status as an Employee, Director or Consultant through each applicable Vesting DateGrant Notice. 2.2.2 The “Term” of this Option shall begin on the Date of Xxxxx set forth in the Grant Notice and end on the expiration of the Term specified in the Grant Notice. No portion of this Option may be exercised after the expiration of the Term. 2.2.3 In the event of termination of Optionee’s Continuous Status as an Employee, Director or Consultant Termination for any reason other than death, Disability, or Cause: 2.2.3.1 the portion of this Option that is not vested and exercisable as of the Termination Date shall not continue to vest and shall be immediately cancelled and terminated; and 2.2.3.2 the portion of this Option that is vested and exercisable as of the Termination Date shall terminate and be cancelled on the earlier of: (a) the expiration of the Term and (b) the following date: (i) if the Optionee is a not an Executive, ninety (90) days after the Termination Date, and (ii) if the Optionee is an Executive, the one-year anniversary of the such Termination Date. 2.2.4 In the event of termination of Optionee’s Continuous Status as an Employee, Director or Consultant Termination due to death or Disability: 2.2.4.1 the portion of this Option that is not vested and exercisable as of the Termination Date shall not continue to vest and shall be immediately cancelled and terminated; and 2.2.4.2 the portion of this Option that is vested and exercisable as of the Termination Date shall terminate and be cancelled on the earlier of (a) the expiration of the Term and (b) the one-year anniversary date that is twelve (12) months after such of the Termination Date. 2.2.5 If Optionee’s Continuous Status as an Employee, Director or Consultant is terminated In the event of Termination for Cause, or if, after the termination of Optionee’s Continuous Status as an Employee, Director or ConsultantTermination, the Committee Administrator determines that Cause existed before such terminationTermination, this entire Option shall not continue to vest, shall be cancelled and terminated as of the Termination Date, and shall no longer be exercisable as to any Shares, whether or not previously vested.