Common use of Termination of Relationship as a Service Provider Clause in Contracts

Termination of Relationship as a Service Provider. If Participant ceases to be a Service Provider, other than upon Participant’s death or Disability, the Option shall remain exercisable for the full Term of the Option following Participant’s termination (but in no event later than the Option’s Expiration Date or as provided in Section 12{c}) to the extent that the Option is vested on the date of such termination. Unless the Board approves otherwise, if on the date of termination, the participant is not vested as to his or her entire option, the unvested portion of the Option shall terminate and Participant shall have no further rights to acquire the Shares subject thereto. If, after termination, the Participant does not exercise his or her Option within the time specified herein, the Option shall terminate and Participant shall have no further rights to acquire the Shares subject thereto.

Appears in 2 contracts

Samples: Advisor Agreement (Indoor Harvest Corp), Advisor Agreement (Indoor Harvest Corp)

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Termination of Relationship as a Service Provider. If Participant ceases to be a Service Provider, other than upon Participant’s death or Disability, Provider the Option shall remain exercisable for the full Term of the Option three (3) months following Participant’s termination (but in no event later than the Option’s Expiration Date or as provided in Section 12{c}) 10). In that event, the Option shall be exercisable only to the extent that the Option is was unexercised and vested on the date of such termination. Unless the Board approves provides otherwise, if on the date of termination, termination the participant Participant is not vested as to his or her the entire optionOption, the unvested portion of the Option shall terminate and Participant shall have no further rights to acquire the Shares subject thereto. If, after termination, the Participant does not exercise his or her its Option within the time specified herein, the Option shall terminate and Participant shall have no further rights to acquire the Shares subject thereto.

Appears in 1 contract

Samples: Vaxcyte, Inc.

Termination of Relationship as a Service Provider. If Participant ceases to be a Service Provider, other than upon Participant’s death or Disability, the Option shall remain exercisable for the full Term of the Option ninety (90) days following Participant’s termination (but in no event later than the Option’s Expiration Date or as provided in Section 12{c}) 12. In that event, the Option shall be exercisable only to the extent that the Option is was unexercised and vested on the date of such termination. Unless the Board approves provides otherwise, if on the date of termination, termination the participant Participant is not vested as to his or her entire optionOption, the unvested portion of the Option shall terminate and Participant shall have no further rights to acquire the Shares subject thereto. If, after termination, the Participant does not exercise his or her Option within the time specified herein, the Option shall terminate and Participant shall have no further rights to acquire the Shares subject thereto.

Appears in 1 contract

Samples: Realpage Inc

Termination of Relationship as a Service Provider. If Participant ceases to be a Service Provider, other than upon Participant’s death or Disability, Provider the Option shall remain exercisable for the full Term of the Option three (3) months following Participant’s termination (but in no event later than the Option’s Expiration Date or as provided in Section 12{c}) 10). In that event, the Option shall be exercisable only to the extent that the Option is was unexercised and vested on the date of such termination. Unless the Board approves provides otherwise, if on the date of termination, termination the participant Participant is not vested as to his or her the entire optionOption, the unvested portion of the Option shall terminate and Participant shall have no further rights to acquire the Shares subject thereto. If, after termination, the Participant does not exercise his or her the Option within the time specified herein, the Option shall terminate and Participant shall have no further rights to acquire the Shares subject thereto.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Vaxcyte, Inc.)

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Termination of Relationship as a Service Provider. If Participant ceases to be a Service Provider, other than upon Participant’s death or Disability, the Option shall remain exercisable for the full Term of the Option three (3) months following Participant’s termination (but in no event later than the Option’s Expiration Date or as provided in Section 12{c}) 12. In that event, the Option shall be exercisable only to the extent that the Option is was unexercised and vested on the date of such termination. Unless the Board approves provides otherwise, if on the date of termination, termination the participant Participant is not vested as to his or her entire optionOption, the unvested portion of the Option shall terminate and Participant shall have no further rights to acquire the Shares subject thereto. If, after termination, the Participant does not exercise his or her Option within the time specified herein, the Option shall terminate and Participant shall have no further rights to acquire the Shares subject thereto.

Appears in 1 contract

Samples: Vaxcyte, Inc.

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