Forfeiture of Stock Option. (a) To the extent that the Stock Option has not yet vested pursuant to Section 2 above, it shall be forfeited automatically without further action or notice if the Grantee ceases to be employed by, or to provide services to, the Company and its Subsidiaries prior to the applicable Vesting Date other than as provided in Section 2(b).
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Samples: Nonqualified Stock Option Agreement (Sg Blocks, Inc.), Employment Agreement (Microlin Bio, Inc.), Nonqualified Stock Option Agreement (American Boarding Co)
Forfeiture of Stock Option. (a) To the extent that the Stock Option has not yet vested pursuant to Section 2 above, it shall be forfeited automatically without further action or notice if the Grantee Participant ceases to be employed by, or to provide services to, by the Company and its Subsidiaries prior to the applicable Vesting Date other than as provided in Section 2(b).
Appears in 3 contracts
Samples: Nonqualified Stock Option Agreement (Premier Exhibitions, Inc.), Nonqualified Stock Option Agreement (Premier Exhibitions, Inc.), Plan Nonqualified Stock Option Agreement (Premier Exhibitions, Inc.)
Forfeiture of Stock Option. (a) To the extent that the Stock Option has not yet vested pursuant to Section 2 above, it shall be forfeited automatically without further action or notice if the Grantee ceases to be employed by, or to provide services to, by the Company and its Subsidiaries prior to the applicable a Vesting Date other than as provided in Section 2(b). The Stock Option and any amount paid hereunder shall be subject to the forfeiture provisions of Section 20 of the Plan.
Appears in 2 contracts
Samples: Nonqualified Stock Option Agreement (Palatin Technologies Inc), Incentive Stock Option Agreement (Palatin Technologies Inc)
Forfeiture of Stock Option. (a) To the extent that the Stock Option has not yet vested pursuant to Section 2 above, it shall be forfeited automatically without further action or notice if the Grantee ceases to be employed by, or to provide services to, by the Company and its Subsidiaries prior to the an applicable Vesting Date other than as provided in Section 2(b).
Appears in 2 contracts
Samples: Nonqualified Stock Option Agreement (Innsuites Hospitality Trust), Nonqualified Stock Option Agreement (Innsuites Hospitality Trust)
Forfeiture of Stock Option. (a) To the extent that the Stock Option has not yet vested pursuant to Section 2 above, it shall be forfeited automatically without further action or notice if the Grantee ceases to be employed by, or to provide services to, by the Company and its Subsidiaries prior to the applicable Vesting Date other than as provided in Section 2(b).
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Forfeiture of Stock Option. (a) To the extent that the Stock Option has not yet vested pursuant to Section 2 above, it shall be forfeited automatically without further action or notice if the Grantee ceases to be employed by, or to provide services to, by the Company and its Subsidiaries prior to the applicable Vesting Date other than as provided in Section 2(b).
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