Common use of Termination of Directorship Clause in Contracts

Termination of Directorship. To the extent the Option becomes exercisable, the Option shall remain exercisable until twelve (12) months following any subsequent termination of directorship with the Company or its subsidiaries for any reason whatsoever but in no event shall the Option be exercisable after the Expiration Date.

Appears in 9 contracts

Samples: Stock Option Agreement (BioRestorative Therapies, Inc.), Stock Option Agreement (BioRestorative Therapies, Inc.), Stock Option Agreement (BioRestorative Therapies, Inc.)

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Termination of Directorship. To the extent the Option becomes exercisable, the Option shall remain exercisable until twelve (12) months following the Expiration Date notwithstanding any subsequent termination of directorship with the Company or its subsidiaries for any reason whatsoever but in no event shall the Option be exercisable after the Expiration Datewhatsoever.

Appears in 8 contracts

Samples: Stock Option Agreement (BioRestorative Therapies, Inc.), Stock Option Agreement (BioRestorative Therapies, Inc.), Stock Option Agreement (BioRestorative Therapies, Inc.)

Termination of Directorship. To the extent the Option becomes exercisable, the The Option shall remain exercisable until twelve (12) months following the Expiration Date notwithstanding any subsequent termination or cessation of directorship or other association with the Company or its subsidiaries for any reason whatsoever but in no event shall the Option be exercisable after the Expiration Datewhatsoever.

Appears in 4 contracts

Samples: Stock Option Agreement (Dcap Group Inc/), Stock Option Agreement (Dcap Group Inc/), Stock Option Agreement (Dcap Group Inc/)

Termination of Directorship. To the extent the Option becomes exercisablehas become exercisable at the time of any termination of directorship with the Company or its subsidiaries for any reason whatsoever, the Option shall remain exercisable until twelve (12) months following any subsequent such termination of directorship with the Company or its subsidiaries for any reason whatsoever but in no event shall the Option be exercisable after the Expiration Date.

Appears in 3 contracts

Samples: Stock Option Agreement (BioRestorative Therapies, Inc.), Stock Option Agreement (BioRestorative Therapies, Inc.), Stock Option Agreement (BioRestorative Therapies, Inc.)

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Termination of Directorship. To the extent the Option becomes exercisable, the Option shall remain exercisable until twelve (12) months following the Expiration Date notwithstanding any subsequent termination of directorship with the Company or its subsidiaries for any reason whatsoever but in no event shall the Option be exercisable after the Expiration Datewhatsoever.

Appears in 2 contracts

Samples: Stock Option Agreement (BioRestorative Therapies, Inc.), Stock Option Agreement (BioRestorative Therapies, Inc.)

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