Term; Forfeiture. Except as otherwise provided in this Agreement, the portion of this Option that is not exercisable, or does not become exercisable, on the date of the Participant’s Termination of Service, will, together with the related unvested Optioned Shares, expire, terminate, and be forfeited on that date. The exercisable portion of the Stock Option that relates to Optioned Shares that are or become vested on the date of the Participant’s Termination of Service, will terminate and be forfeited at the first of the following to occur:
Appears in 5 contracts
Samples: Nonqualified Stock Option Agreement (First Acceptance Corp /De/), Nonqualified Stock Option Agreement (Liberte Investors Inc), Nonqualified Stock Option Agreement (First Acceptance Corp /De/)
Term; Forfeiture. Except as otherwise provided in this Agreement, the portion of this Option that is not exercisable, or does not become exercisable, on the date of the Participant’s 's Termination of Service, will, together with the related unvested Optioned Shares, expire, terminate, and be forfeited on that date. The exercisable portion of the Stock Option that relates to Optioned Shares that are or become vested on the date of the Participant’s 's Termination of Service, will terminate and be forfeited at the first of the following to occur:
Appears in 3 contracts
Samples: Nonqualified Stock Option Agreement (Liberte Investors Inc), Nonqualified Stock Option Agreement (First Acceptance Corp /De/), Nonqualified Stock Option Agreement (Liberte Investors Inc)
