Common use of Other Termination Clause in Contracts

Other Termination. If the Optionee’s Service Relationship with the Company or a Subsidiary terminates for any reason other than the Optionee’s death, the Optionee’s disability or Cause, and unless otherwise determined by the Administrator, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the date of termination, for a period of three months from the date of termination or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of termination shall terminate immediately and be of no further force or effect. The Administrator’s determination of the reason for termination of the Optionee’s Service Relationship with the Company or a Subsidiary shall be conclusive and binding on the Optionee and his or her representatives or legatees.

Appears in 12 contracts

Samples: Restricted Stock Unit Award Agreement (Pardes Biosciences, Inc.), Non Qualified Stock Option Agreement (Sagimet Biosciences Inc.), Non Qualified Stock Option Agreement (Open Lending Corp)

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Other Termination. If the Optionee’s Service Relationship with the Company or a Subsidiary terminates for any reason other than the Optionee’s death, the Optionee’s disability disability, or Cause, and unless otherwise determined by the Administrator, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the date of termination, for a period of three months from the date of termination or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of termination shall terminate immediately and be of no further force or effect. The Administrator’s determination of the reason for termination of the Optionee’s Service Relationship with the Company or a Subsidiary shall be conclusive and binding on the Optionee and his or her representatives or legatees.

Appears in 8 contracts

Samples: Stock Option and Incentive Plan (Triller Corp.), Incentive Stock Option Agreement (POINT Biopharma Global Inc.), Qualified Stock Option Agreement (EQRx, Inc.)

Other Termination. If the Optionee’s Service Relationship with the Company or a Subsidiary terminates for any reason other than the Optionee’s death, the Optionee’s disability Disability, or Cause, and unless otherwise determined by the Administrator, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the date of termination, for a period of three months from the date of termination or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of termination shall terminate immediately and be of no further force or effect. The Administrator’s determination of the reason for termination of the Optionee’s Service Relationship with the Company or a Subsidiary shall be conclusive and binding on the Optionee and his or her the Optionee’s representatives or legatees.

Appears in 7 contracts

Samples: Nonstatutory Stock Option Agreement (Zapata Computing Holdings Inc.), Incentive Stock Option Agreement (Environmental Impact Acquisition Corp), Nonstatutory Stock Option Agreement (Environmental Impact Acquisition Corp)

Other Termination. If the Optionee’s Service Relationship with the Company or a Subsidiary terminates for any reason other than the Optionee’s death, the Optionee’s disability disability, or Cause, and unless otherwise determined by the Administrator, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the date of termination, for a period of three months from the date of termination or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of termination shall terminate immediately and be of no further force or effect. The Administrator’s determination of the reason for termination of the Optionee’s Service Relationship with the Company or a Subsidiary shall be conclusive and binding on the Optionee and his or her representatives or legatees.

Appears in 6 contracts

Samples: Restricted Stock Unit Award Agreement (Pardes Biosciences, Inc.), Incentive Stock Option Agreement (One), Non Qualified Stock Option Agreement (Sagimet Biosciences Inc.)

Other Termination. If the Optionee’s Service Relationship employment with the Company or a Subsidiary terminates for any reason other than the Optionee’s death, the Optionee’s disability disability, or Cause, and unless otherwise determined by the Administrator, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the date of termination, for a period of three months from the date of termination or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of termination shall terminate immediately and be of no further force or effect. The Administrator’s determination of the reason for termination of the Optionee’s Service Relationship employment with the Company or a Subsidiary shall be conclusive and binding on the Optionee and his or her representatives or legatees.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Gemini Therapeutics, Inc. /DE), Restricted Stock Unit Award Agreement (Disc Medicine, Inc.), Incentive Stock Option Agreement (Brightcove Inc)

Other Termination. If the Optionee’s 's Service Relationship with the Company or a Subsidiary terminates for any reason other than the Optionee’s 's death, the Optionee’s 's disability or Cause, and unless otherwise determined by the Administrator, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the date of termination, for a period of three months from the date of termination or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of termination shall terminate immediately and be of no further force or effect. The Administrator’s 's determination of the reason for termination of the Optionee’s 's Service Relationship with the Company or a Subsidiary shall be conclusive and binding on the Optionee and his or her representatives or legatees.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Deciphera Pharmaceuticals, Inc.), Non Qualified Stock Option Agreement (Deciphera Pharmaceuticals, Inc.)

Other Termination. If the Optionee’s Service Relationship with the Company or a Subsidiary terminates for any reason other than the Optionee’s death, the Optionee’s disability Disability or Cause, and unless otherwise determined by the Administrator, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the date of termination, for a period of three months from the date of termination or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of termination shall terminate immediately and be of no further force or effect. The Administrator’s determination of the reason for termination of the Optionee’s Service Relationship employment with the Company or a Subsidiary shall be conclusive and binding on the Optionee and his or her representatives or legatees.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Praxis Precision Medicines, Inc.)

Other Termination. If the Optionee’s Service Relationship with the Company or a Subsidiary terminates for any reason other than the Optionee’s death, the Optionee’s disability or Cause, and unless otherwise determined by the AdministratorAdministrator or pursuant to the Employment Agreement, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the date of termination, for a period of three months from the date of termination or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of termination shall terminate immediately and be of no further force or effect. The Administrator’s determination of the reason for termination of the Optionee’s Service Relationship with the Company or a Subsidiary shall be conclusive and binding on the Optionee and his or her representatives or legatees.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Vigil Neuroscience, Inc.)

Other Termination. If the Optionee’s Service Relationship employment with the Company or a Subsidiary and its Subsidiaries terminates for any reason other than the Optionee’s death, the Optionee’s disability disability, or Cause, and unless otherwise determined by the Administrator, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the date of termination, for a period of three months from the date of termination or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of termination shall terminate immediately and be of no further force or effect. The Administrator’s determination of the reason for termination of the Optionee’s Service Relationship employment with the Company or a Subsidiary shall be conclusive and binding on the Optionee and his or her representatives or legatees.

Appears in 1 contract

Samples: Stock Option and Incentive Plan (Cano Health, Inc.)

Other Termination. If the Optionee’s Service Relationship with Optionee ceases to be a service provider to the Company or a Subsidiary terminates due to a termination for any reason other than the Optionee’s death, the Optionee’s disability or Cause, and unless otherwise determined by the Administrator, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the date of termination, for a period of three months from the date of termination or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of termination shall terminate immediately and be of no further force or effect. The Administrator’s determination of the reason for termination of the Optionee’s Service Relationship service relationship with the Company or a Subsidiary shall be conclusive and binding on the Optionee and his or her representatives or legatees.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Blueprint Medicines Corp)

Other Termination. If the Optionee’s Service Relationship employment and service with the Company or a Subsidiary and its Subsidiaries terminates for any reason other than the Optionee’s death, the Optionee’s disability or Cause, and unless otherwise determined by the Administrator, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the date of termination, for a period of three months from the date of termination or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of termination shall terminate immediately and be of no further force or effect. The Administrator’s determination of the reason for termination of the Optionee’s Service Relationship employment or service with the Company or a Subsidiary shall be conclusive and binding on the Optionee and his or her representatives or legatees.

Appears in 1 contract

Samples: Stock Option and Incentive Plan (Cano Health, Inc.)

Other Termination. If the Optionee’s Service Relationship with the Company or a Subsidiary terminates for any reason other than the Optionee’s death, the Optionee’s disability or Cause, and unless otherwise determined by the Administrator, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the date of termination, for a period of three months from the date of termination or until the Expiration Date, if earlier. Any Except as set forth in Section 5 below, any portion of this Stock Option that is not exercisable on the date of termination shall terminate immediately and be of no further force or effect. The Administrator’s determination of the reason for termination of the Optionee’s Service Relationship with the Company or a Subsidiary shall be conclusive and binding on the Optionee and his or her representatives or legatees.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Radius Health, Inc.)

Other Termination. If the Optionee’s Service Relationship with the Company or a Subsidiary terminates for any reason other than the Optionee’s death, the Optionee’s disability or Cause, and unless otherwise determined by the Administrator, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the date of termination, for a period of three months from the date of termination or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of termination shall terminate immediately and be of no further force or effect. The Administrator’s determination of the reason for termination of the Optionee’s Service Relationship with the Company or a Subsidiary shall be conclusive and binding on the Optionee and his or her representatives or legatees.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (BridgeBio Pharma, Inc.)

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Other Termination. If the Optionee’s Service Relationship with the Company or a Subsidiary terminates for any reason other than the Optionee’s death, the Optionee’s disability or Cause, and unless otherwise determined by the Administrator, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the date of termination, for a period of three months from the date of termination or until the Expiration Date, if earlier. Any Except as set forth in Section 4 below, any portion of this Stock Option that is not exercisable on the date of termination shall terminate immediately and be of no further force or effect. The Administrator’s determination of the reason for termination of the Optionee’s Service Relationship with the Company or a Subsidiary shall be conclusive and binding on the Optionee and his or her representatives or legatees.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Radius Health, Inc.)

Other Termination. If the Optionee’s 's Service Relationship with the Company or a Subsidiary terminates for any reason other than the Optionee’s 's death, the Optionee’s disability 's disability, or Cause, and unless otherwise determined by the Administrator, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the date of termination, for a period of three months from the date of termination or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of termination shall terminate immediately and be of no further force or effect. The Administrator’s 's determination of the reason for termination of the Optionee’s 's Service Relationship with the Company or a Subsidiary shall be conclusive and binding on the Optionee and his or her representatives or legatees.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Deciphera Pharmaceuticals, Inc.)

Other Termination. If the Optionee’s Service Relationship with the Company or a Subsidiary terminates for any reason other than the Optionee’s death, the Optionee’s permanent disability or Cause, and unless otherwise determined by the Administrator, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the date of termination, for a period of three months from the date of termination or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of termination shall terminate immediately and be of no further force or effect. The Administrator’s determination of the reason for termination of the Optionee’s Service Relationship with the Company or a Subsidiary shall be conclusive and binding on the Optionee and his or her representatives or legatees.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement for Company Employees (Moderna, Inc.)

Other Termination. If the Optionee’s Service Relationship with the Company or a Subsidiary any of its Subsidiaries terminates for any reason other than the Optionee’s death, the Optionee’s disability or Cause, and unless otherwise determined by the Administrator, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the date of termination, for a period of three months from the date of termination or until the ACTIVE/122000009.7 ​ ​ ​ Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of termination shall terminate immediately and be of no further force or effect. The Administrator’s determination of the reason for termination of the Optionee’s Service Relationship with the Company or a Subsidiary any of its Subsidiaries shall be conclusive and binding on the Optionee and his or her representatives or legatees.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement for Company Employees (Zynerba Pharmaceuticals, Inc.)

Other Termination. If the Optionee’s Service Relationship with the Company or a Subsidiary terminates for any reason other than the Optionee’s death, the Optionee’s disability or Cause, or the Optionee’s Qualified Retirement, and unless otherwise determined by the Administrator, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the date of termination, for a period of three months 30 days from the date of termination or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of termination shall terminate immediately and be of no further force or effect. The Administrator’s determination of the reason for termination of the Optionee’s Service Relationship with the Company or a Subsidiary employment shall be conclusive and binding on the Optionee and his or her representatives or legatees.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Cognex Corp)

Other Termination. If the Optionee’s 's Service Relationship with the Company or a Subsidiary terminates for any reason other than the Optionee’s 's death, the Optionee’s disability 's disability, or Cause, and unless otherwise determined by the Administrator, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the date of termination, for a period of three twelve months from the date of termination or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of termination shall terminate immediately and be of no further force or effect. The Administrator’s 's determination of the reason for termination of the Optionee’s 's Service Relationship with the Company or a Subsidiary shall be conclusive and binding on the Optionee and his or her representatives or legatees.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Jounce Therapeutics, Inc.)

Other Termination. If the Optionee’s Service Relationship with the Company or a Subsidiary terminates for any reason other than the Optionee’s death, the Optionee’s disability Disability, or Cause, and unless otherwise determined by the Administrator, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the date of termination, for a period of three months from the date of termination or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of termination shall terminate immediately and be of no further force or effect. The Administrator’s determination of the reason for termination of the Optionee’s Service Relationship employment with the Company or a Subsidiary shall be conclusive and binding on the Optionee and his or her representatives or legatees.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Praxis Precision Medicines, Inc.)

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