Regular Termination. If the Option Holder ceases to be a non-executive director of the Company for any reason except as provided in paragraphs (ii) and (iii) below, the date of such event shall be deemed to be the “Service Termination Date” and shall be used to determine the Vesting Percentage in Section 3 and there shall be no Early Termination Date.
Appears in 2 contracts
Sources: Nonstatutory Stock Option Agreement (Oxford Immunotec Global PLC), Nonstatutory Stock Option Agreement (Oxford Immunotec Global PLC)