Common use of Cessation of Service Clause in Contracts

Cessation of Service. The option term specified in Section 1 survives any cessation of services; the vested portion of the option shall continue to have the term of exercise as determined by Section 1 including any transfer to heirs or beneficiaries.

Appears in 6 contracts

Samples: Non Statutory Stock Option Agreement (Vitro Biopharma, Inc.), Non Statutory Stock Option Agreement (Vitro Biopharma, Inc.), Non Statutory Stock Option Agreement (Vitro Biopharma, Inc.)

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Cessation of Service. The option term specified in Section 1 I survives any cessation of services; the vested portion of the option shall continue to have the term of exercise as determined by Section 1 I including any transfer to heirs or beneficiaries.

Appears in 2 contracts

Samples: Non Statutory Stock Option Agreement (Vitro Biopharma, Inc.), Non Statutory Stock Option Agreement (Vitro Biopharma, Inc.)

Cessation of Service. The option term specified in Section 1 survives any cessation of services; the vested portion of the option shall continue to have the term of exercise as determined by Section 1 including any transfer to heirs or beneficiariesbeneficiary’s.

Appears in 2 contracts

Samples: Non Statutory Stock Option Agreement (Selectis Health, Inc.), Non Statutory Stock Option Agreement (Selectis Health, Inc.)

Cessation of Service. The option term specified in Section 1 survives any cessation of services; the vested portion of the option shall continue to have the term of exercise as determined by Section 1 I including any transfer to heirs or beneficiariesbeneficiary’s.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Vitro Biopharma, Inc.)

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Cessation of Service. The grant of option term provision specified in Section 1 survives any cessation of services; the vested portion of the option shall continue to have the term of exercise as determined by Section 1 including any transfer to heirs or beneficiaries.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Vitro Biopharma, Inc.)

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