Common use of Absence Clause in Contracts

Absence. This Option shall not vest during any period of long-term disability or personal leave of absence of the Participant from the Company or an Affiliate (as determined under applicable Company policies). If the Participant resumes employment with the Company after a personal leave of absence or long-term disability in accordance with applicable Company policies, vesting shall resume upon the resumption of eligibility, and the Option will continue vesting at the rate provided in Section 6.1 of this Agreement until fully vested. Notwithstanding the foregoing, in no event shall the term of the Option be extended beyond the date set forth in Section 5 of this Agreement.

Appears in 6 contracts

Samples: Vertex Pharmaceuticals Inc / Ma, Vertex Pharmaceuticals Inc / Ma, Vertex Pharmaceuticals Inc / Ma

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Absence. This Option shall not vest during any period of long-term disability or personal leave of absence of the Participant from the Company or an Affiliate (as determined under applicable Company policies). If the Participant resumes employment with the Company after a personal leave of absence or long-term disability in accordance with applicable Company policies, vesting shall resume upon the resumption of eligibility, and the Option will continue vesting at the rate provided in Section paragraph 6.1 of this Agreement above until the Option is fully vestedexercisable. Notwithstanding the foregoing, in no event shall the term of the Option be extended beyond the date set forth in Section 5 of this Agreementabove.

Appears in 1 contract

Samples: Vertex Pharmaceuticals Inc / Ma

Absence. This Option shall not vest during any period of long-term disability or personal leave of absence of the Participant from the Company or an Affiliate (as determined under applicable Company policies). If the Participant resumes employment with the Company after a personal leave of absence or long-term disability in accordance with applicable Company policies, vesting shall resume upon the resumption of eligibilityemployment, and the Option will continue vesting at the rate provided in Section paragraph 6.1 of this Agreement above until the Option is fully vestedexercisable. Notwithstanding the foregoing, in no event shall the term of the Option be extended beyond the date set forth in Section 5 of this Agreementabove.

Appears in 1 contract

Samples: Stock Option Agreement (Vertex Pharmaceuticals Inc / Ma)

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Absence. This Option shall not vest during any period of long-term disability or personal leave of absence of the Participant from the Company or an Affiliate (as determined under applicable Company policies). If the Participant resumes employment with the Company after a personal leave of absence or long-term disability in accordance with applicable Company policies, vesting shall resume upon the resumption of eligibility, and the Option will continue vesting at the rate as provided in Section paragraph 6.1 of this Agreement above until the Option is fully vestedexercisable. Notwithstanding the foregoing, in no event shall the term of the Option be extended beyond the date set forth in Section 5 of this Agreementabove.

Appears in 1 contract

Samples: Stock Option Grant (Vertex Pharmaceuticals Inc / Ma)

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