Example ContractsClausescontinuous relationship with the company requiredVariants
Continuous Relationship With the Company Required
Continuous Relationship With the Company Required contract clause examples

Termination of Continuous Service for a Reason Other Than Retirement, Disability, Death or Removal for Cause. If the Optionee’s Continuous Service is terminated for any reason other than retirement, Disability, death or termination for Cause, the Optionee may exercise the vested portion of the Option, but only within such period of time ending on the earlier of # the date three months following the termination of the Optionee’s Continuous Service or # the Expiration Date.

Termination for Reasons Other Than Cause, Death or Disability. If the Participant’s Continuous Service is terminated for any reason other than Cause, death or Disability, the Participant may exercise the vested portion of the Option, but only within such period of time ending on the earlier of # the date that is three months following the termination of the Participant’s Continuous Service or # the Expiration Date.

Termination due to Disability. If the Optionee’s Continuous Service terminates as a result of the Optionee’s Disability, the Optionee may exercise the vested portion of the Option, but only within such period of time ending on the earlier of # the date one year following the Optionee’s termination of Continuous Service or # the Expiration Date.

Termination due to Retirement. If the Optionee’s Continuous Service terminates as a result of the Optionee’s retirement, the Optionee may exercise the vested portion of the Option, but only within such period of time ending on the earlier of # the date one year following the Optionee’s termination of Continuous Service or # the Expiration Date.

Termination other than Upon Disability or Death or for Cause. In the event of termination of Optionee’s Continuous Service Status other than under the circumstances set forth in [subsections (ii) through (iv)] below, such Optionee may exercise an Option until the earlier of # three (3) months following such termination or # the expiration of the term of such Option, to the extent the Optionee was vested in the Optioned Stock as of the date of such termination; provided, however, that the Administrator may in the Option Agreement specify an alternative period of time (but not beyond the expiration date of the Option) following termination of Optionee’s Continuous Service Status during which Optionee may exercise the Option as to Shares that were vested and exercisable as of the date of termination of Optionee’s Continuous Service Status. No termination shall be deemed to occur and this [Section 9(b)(i)] shall not apply if # the Optionee is a Consultant who becomes an Employee, or # the Optionee is an Employee who becomes a Consultant.

Termination Due to Disability. If the Participant’s Continuous Service terminates as a result of the Participant’s Disability, the Participant may exercise the vested portion of the Option, but only within such period of time ending on the earlier of # the date that is 12 months following the Participant’s termination of Continuous Service or # the Expiration Date.

Termination due to Death. If the Optionee’s Continuous Service terminates as a result of the Optionee’s death, the vested portion of the Option may be exercised by the Optionee’s estate, by a person who acquired the right to exercise the Option by bequest or inheritance or by the person designated to exercise the Option upon the Optionee’s death, but only within the time period ending on the earlier of # the date one year following the Optionee’s death or # the Expiration Date.

Termination. In the event of termination of Optionee’s Continuous Service Status other than as a result of Optionee’s disability or death or for Cause (as defined in the Plan), Optionee may, to the extent Optionee is vested in the Option Shares at the Termination Date, exercise this Option during the Termination Period set forth in the Notice.

Termination Due to Death. If the Participant’s Continuous Service terminates as a result of the Participant’s death, or the Participant dies within a period following termination of the Participant’s Continuous Service during which the vested portion of the Option remains exercisable, the vested portion of the Option may be exercised by the Participant’s estate, by a person who acquired the right to exercise the Option by bequest or inheritance or by the person designated to exercise the Option upon the Participant’s death, but only within the time period ending on the earlier of # the date that is 12 months following the Participant’s death or # the Expiration Date.

Termination other than Upon Disability or Death or for Cause. In the event of termination of a Participant’s Continuous Service (other than as a result of Participant’s death, disability or termination for Cause), the Participant shall have the right to exercise an Option at any time within 90 days following such termination to the extent the Participant was entitled to exercise such Option at the date of such termination.

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