Common use of Participant for Good Reason Clause in Contracts

Participant for Good Reason. In the event of the Participant’s Termination of Service at any time due to the Participant’s death or Disability or termination of employment by the Company without Cause or by the Participant for Good Reason, (x) to the extent still applicable, the Service Condition shall be deemed to be satisfied as of the date of such Termination of Service and (y)(1) if the Value Condition is satisfied on or prior to the date of such Termination of Service, the Option shall fully vest as of the date of such Termination of Service and shall remain exercisable until the Expiration Date and (2) if the Value Condition is not satisfied on or prior to the date of such Termination of Service, the Option shall vest and shall remain exercisable until the Expiration Date when and only if the Value Condition is satisfied.

Participant for Good Reason. In the event of the Participant’s Termination of Service at any time due to the Participant’s death or Disability or termination of employment by the Company without Cause or by the Participant for Good Reason, (x) to the extent still applicable, the Service Condition shall be deemed to be satisfied as of the date of such Termination of Service and (y)(1) if the Value Condition is satisfied on or prior to the date of such Termination of Service, the Option Restricted Shares shall fully vest as of the date of such Termination of Service and shall remain exercisable until the Expiration Date and (2) if the Value Condition is not satisfied on or prior to the date of such Termination of Service, the Option Restricted Shares shall vest and shall remain exercisable until the Expiration Date when and only if the Value Condition is satisfied.