Common use of Option Exercisability Clause in Contracts

Option Exercisability. The Option shall terminate immediately upon the Participant’s termination of Service to the extent that it is then unvested and shall be exercisable after the Participant’s termination of Service to the extent it is then vested only during the applicable time period as determined below and thereafter shall terminate.

Appears in 79 contracts

Samples: Option Agreement (Qt Imaging Holdings, Inc.), Option Agreement (AEye, Inc.), Stock Option Agreement (Alon Zvi)

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Option Exercisability. The Option shall terminate immediately upon the Participant’s 's termination of Service to the extent that it is then unvested and shall be exercisable after the Participant’s 's termination of Service to the extent it is then vested only during the applicable time period as determined below and thereafter shall terminate.

Appears in 7 contracts

Samples: Stock Option Agreement (Adaptive Biotechnologies Corp), Stock Option Agreement (Cytori Therapeutics, Inc.), Stock Option Agreement (PROS Holdings, Inc.)

Option Exercisability. The Except as provided below, the Option shall terminate immediately upon the Participant’s termination of Service to the extent that it is then unvested and shall be exercisable after the Participant’s termination of Service to the extent it is then vested only during the applicable time period as determined below and thereafter shall terminate.

Appears in 3 contracts

Samples: Stock Option Agreement (Halozyme Therapeutics, Inc.), Stock Option Agreement (Halozyme Therapeutics Inc), Stock Option Agreement (Halozyme Therapeutics Inc)

Option Exercisability. The Option shall terminate immediately upon the Participant’s termination of Service to the extent that it is then unvested and shall be exercisable after the Participant’s termination of Service to the extent it is then vested only during the applicable time period as determined below and thereafter shall terminate.

Appears in 2 contracts

Samples: Performance Stock Option Agreement (Kadmon Holdings, Inc.), Performance Stock Option Agreement (Kadmon Holdings, Inc.)

Option Exercisability. The Option shall terminate immediately upon the Participant’s termination of Continuous Service to the extent that it is then unvested and and, except as otherwise provided in the Grant notice, shall be exercisable after the Participant’s termination of Continuous Service to the extent it is then vested only during the applicable time period as determined below (and without regard to the default schedule set forth in Sections 6(h)(i) through 6(h)(iv) of the Plan) and thereafter shall terminate.

Appears in 2 contracts

Samples: Stock Option Agreement (Dts, Inc.), Stock Option Agreement (Dts, Inc.)

Option Exercisability. The Option shall terminate immediately upon the Participant’s termination of Continuous Service to the extent that it is then unvested and shall be exercisable after the Participant’s termination of Continuous Service to the extent it is then vested unexercised and exercisable for Vested Shares only during the applicable time period as determined below and thereafter shall terminate.

Appears in 2 contracts

Samples: Inducement Stock Option Agreement (PDL Biopharma, Inc.), Stock Option Agreement (PDL Biopharma, Inc.)

Option Exercisability. The Option shall terminate immediately upon the Participant’s termination of Service to the extent that it is then unvested and shall be exercisable after the Participant’s termination of Continuous Service to the extent it is then vested and unexercised only during the applicable time period as determined below and thereafter shall terminate.

Appears in 2 contracts

Samples: Stock Option Agreement (Biora Therapeutics, Inc.), Stock Option Agreement (Progenity, Inc.)

Option Exercisability. The Option shall terminate immediately upon the Participant’s termination of Service to the extent that it is then unvested and shall be exercisable after the Participant’s termination of Service to the extent it is then vested only during the applicable time period as determined below and thereafter shall terminate.

Appears in 1 contract

Samples: Non Plan Stock Option Agreement (GenMark Diagnostics, Inc.)

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Option Exercisability. The Subject to earlier termination of the Option as otherwise provided by this Plan and unless otherwise provided by the Committee or in an Award Agreement, an Option shall terminate immediately upon the Participant’s termination of Service to the extent that it is then unvested and shall be exercisable after the Participant’s termination of Service to the extent it is then vested only during the applicable time period as determined below in accordance with this Section and thereafter shall terminate.

Appears in 1 contract

Samples: Letter Agreement (FTAC Athena Acquisition Corp.)

Option Exercisability. The Option shall terminate immediately upon the Participant’s termination of Service to the extent that it is then unvested and shall be exercisable after the Participant’s 's termination of Service to the extent it is then vested only during the applicable time period as determined below and thereafter shall terminate.

Appears in 1 contract

Samples: Stock Option Agreement (Zeltiq Aesthetics Inc)

Option Exercisability. The Option shall automatically terminate immediately upon the Participant’s termination of Service to the extent that it is then unvested and shall be exercisable after the Participant’s termination of Service to the extent it is then vested only during the applicable time period as determined below and thereafter shall automatically terminate, and in each case the Participant shall not be entitled to any payment therefor.

Appears in 1 contract

Samples: Stock Option Agreement (Navitas Semiconductor Corp)

Option Exercisability. The Option shall terminate immediately upon the ParticipantOptionee’s termination of Service to the extent that it is then unvested and shall be exercisable after the ParticipantOptionee’s termination of Service to the extent it is then vested only during the applicable time period as determined below and thereafter shall terminate.

Appears in 1 contract

Samples: Stock Option Agreement (Axt Inc)

Option Exercisability. The Option shall will terminate immediately upon the Participant’s termination of Service to the extent that it is then unvested and shall will be exercisable after the Participant’s termination of Service to the extent it is then vested only during the applicable time period as determined below and thereafter shall will terminate.

Appears in 1 contract

Samples: Stock Option Agreement (Alpha Teknova, Inc.)

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