Vesting – General. The Option will vest and become exercisable in accordance with the vesting schedule set forth on the Grant Notice. Except as provided in Section 5(b) [or 5(c)]2 hereof, upon the Optionee’s termination of employment with the Corporation and its Subsidiaries for any reason, the unvested portion of the Option shall be immediately forfeited with no consideration due to the Optionee.
Appears in 2 contracts
Samples: Executive Stock Option Agreement (PDS Biotechnology Corp), Executive Stock Option Agreement (Edge Therapeutics, Inc.)
Vesting – General. The Option will vest and become exercisable in accordance with the vesting schedule set forth on the Grant Notice. Except as provided in Section 5(b) [or 5(c)]2 hereof, upon the Optionee’s termination of employment with the Corporation and its Subsidiaries for any reason, the unvested portion of the Option shall be immediately forfeited with no consideration due to the Optionee.
Appears in 2 contracts
Samples: Employee Stock Option Agreement (PDS Biotechnology Corp), Stock Option Agreement (Edge Therapeutics, Inc.)
Vesting – General. The Option will vest and become exercisable in accordance with the vesting schedule set forth on the Grant Notice. Except as provided in Section 5(b) [or 5(c)]2 hereof, upon the Optionee’s termination of employment with the Corporation and its Subsidiaries for any reason, the unvested portion of the Option shall be immediately forfeited with no consideration due to the Optionee.
1 To be used for employees who are not executives.
Appears in 1 contract
