Termination Due to Death, Disability or Retirement. In the event Optionee’s employment (in the event that Optionee is an Employee) or other service (in the event that Optionee is a Consultant) with the Company and all Subsidiaries is terminated by reason of Optionee’s death, Disability or Retirement, the Option will remain exercisable, to the extent exercisable as of the date of such termination, for a period of one (1) year after such termination (but in no event after the Time of Termination).
Appears in 6 contracts
Samples: Stock Option Agreement (Diffusion Pharmaceuticals Inc.), Stock Option Agreement (RestorGenex Corp), Stock Option Agreement (Diffusion Pharmaceuticals Inc.)
