Common use of Termination of Service on Account of Disability Clause in Contracts

Termination of Service on Account of Disability. If the Participant’s service terminates due to Disability, the Participant’s unvested Options as of the date of such termination shall continue to vest in accordance with the original vesting schedule set forth above. The Options shall remain exercisable for a period of one (1) year from and including the later of (i) the date such entire Option becomes exercisable in accordance with the vesting schedule and (ii) the date of termination of service (and shall thereafter terminate). The following additional section shall be inserted:

Appears in 4 contracts

Samples: PLC Stock Option Agreement (Endo International PLC), PLC Stock Option Agreement (Endo International PLC), Stock Option Agreement (Endo International PLC)

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Termination of Service on Account of Disability. If the Participant’s service terminates due to Disability, the Participant’s unvested Options as of the date of such termination shall continue to vest in accordance with the original vesting schedule set forth above. The Options shall remain exercisable for a period of one (1) year from and including the later of (i) the date such entire Option becomes exercisable in accordance with the vesting schedule and (ii) the date of termination of service (and shall thereafter terminate). The following additional section Section 10 above shall be inserted:amended to delete the words “transferees, assignees” therefrom.

Appears in 3 contracts

Samples: PLC Stock Option Agreement (Endo International PLC), PLC Stock Option Agreement (Endo International PLC), Stock Option Agreement (Endo International PLC)

Termination of Service on Account of Disability. If the Participant’s service terminates due to Disability, the Participant’s unvested Options as of the date of such termination shall continue to vest in accordance with the original vesting schedule set forth above. The Options shall remain exercisable for a period of one (1) year from and including the later of (i) the date such entire Option becomes exercisable in accordance with the vesting schedule and (ii) the date of termination of service (and shall thereafter terminate). The following additional section shall be inserted:.

Appears in 2 contracts

Samples: Stock Option Agreement (Endo International PLC), Stock Option Agreement (Endo International PLC)

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Termination of Service on Account of Disability. If the Participant’s service terminates 's Termination of Affiliation occurs due to the Participant's Disability, the Participant’s 's unvested Options as of the date of such termination Termination of Affiliation shall continue to vest in accordance with the original vesting schedule set forth above. The Options to the extent vested shall remain exercisable for a period until the earlier of the Expiration Date or one (1) year from and including the later of (i) the date such entire Option becomes exercisable in accordance with the vesting schedule and (ii) the date of termination Termination of service Affiliation (and shall thereafter terminate). The following additional section shall be inserted:.

Appears in 1 contract

Samples: Stock Option Agreement (Avadel Pharmaceuticals PLC)

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