Common use of Termination of Employment; Death Clause in Contracts

Termination of Employment; Death. Upon termination of Optionee’s employment with or status as a consultant to, the Company for any reason, the Options will immediately terminate and expire, except as provided in paragraphs (a) or (b) of this Section 5.

Appears in 11 contracts

Samples: Equity Incentive Plan Option Agreement (Chineseinvestors.com, Inc.), Non Qualified Stock Option Agreement (Peregrine Pharmaceuticals Inc), Non Qualified Stock Option Agreement (Peregrine Pharmaceuticals Inc)

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Termination of Employment; Death. Upon termination of Optionee’s 's employment with or status as a consultant to, the Company for any reason, the Options will immediately terminate and expire, except as provided in paragraphs (a) or (b) of this Section 5.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Peregrine Pharmaceuticals Inc)

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Termination of Employment; Death. 4.1 Upon termination of the Optionee’s 's employment with or status as a consultant to, the Company or any subsidiary, for any reason, the Options will immediately Option shall terminate and expire, expire except as provided in paragraphs (a) Section 4.2 or (b) 4.3 of this Section 5Agreement.

Appears in 1 contract

Samples: Stock Option Agreement (Twinlab Corp)

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