Example ContractsClausesdeath and disabilityVariants
Death and Disability
Death and Disability contract clause examples

Death/Disability. If Participant’s employment or services with the Company and its Affiliates terminates on account of Participant’s death or by the Company or any Affiliate due to Disability, the unvested portion of the Option shall expire on the date of termination and the vested portion of the Option shall remain exercisable by Participant through the earlier of # the expiration of the Option Period or # six months following the date of termination on account of death or Disability.

Death/Disability. If Participant’s employment or services with the Company and its Affiliates terminates on account of Participant’s death or by the Company or any Affiliate due to Disability, the unvested portion of the Option shall expire on the date of termination and the vested portion of the Option shall remain exercisable by Participant through the earlier of # the expiration of the Option Period or # six months following the date of termination on account of death or Disability.

Termination Other than due to Death/Disability or for Cause. If Participant’s employment or services with the Company and its Affiliates is terminated for any reason other than on account of Participant’s death or by the Company or any Affiliate due to Disability or for Cause, the unvested portion of the Option shall expire on the date of termination and the vested portion of the Option shall remain exercisable by Participant through the earlier of # the expiration of the Option Period or # ninety (90) days following such termination.

Disability. If the Participant ceases to provide services of the Company or one of its Affiliates by reason of a Disability, the unvested portion of the Option shall thereupon terminate and the Participant may exercise the vested portion of the Option for a period of twelve months thereafter or, if sooner, until the Expiration Date. Thereafter, the Option shall terminate and cease to be exercisable.

Termination. If the Participant’s employment terminates, whether at the initiation of the Participant or the Company, for any reason other than death or Disability, each unvested Option will immediately terminate, expire and be forfeited on such termination and each vested Option will terminate, expire and be forfeited on the earlier of: # March 31, 2025 and # 30 days following Participant’s termination of employment. If Participant’s employment is terminated due to death or Disability, the Options will remain outstanding and will be eligible to be exercised by Participant, in the case of Participant’s termination due to Disability, or Participant’s estate or beneficiaries, in the case of Participant’s termination due to death, to the extent the Option is or becomes vested in accordance with the terms of Exhibit A, provided, however, that Participant shall only be eligible to become vested with respect to Options allocated to calendar quarters for which Participant remained in employment for the entire calendar quarter.

Death or Disability. In the event Participant's Continuous Service Status terminates by reason of death or Disability, the Option shall become fully vested and exercisable on the date of such termination and shall remain exercisable by Participant or Participant's estate (or, in the event of Participant's death after termination of Participant's Continuous Service Status when the Option is exercisable pursuant to its terms, by Participant's estate), at any time prior to the earlier of # the Expiration Date or # the first anniversary of the date of Participant's death or Disability.

Death or Disability of the Participant. Should the Participant cease Service by reason of death or Disability while the Option is outstanding, then the Option shall remain exercisable until the earlier of # the expiration of the twelve (12)-month period measured from the date of such cessation of Service and # the Expiration Date.

If # the Participant’s employment with, or engagement to provide services to, the Company is terminated prior to the end of the Option Period on account of his or her Disability, # the Participant dies while still in the employ or engagement of the Company or an Affiliate or # the Participant dies following a termination described in subsection # above but prior to the expiration of the Option, the Option shall expire on the earlier of the last day of the Option Period Doc#: US1:11840799v7

including the Participant’s death or Disability, the Participant (or the Participant’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, as applicable) 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 (3) months following the date of termination of the Participant’s Continuous Service Status or # the Expiration Date. The unvested portion of the Option shall expire on the date of termination of the Participant’s Continuous Service Status.

In the event # Participant’s employment with, or service to, the Company Group is terminated by the Company due to death or Disability, the vested portion of the Option will remain exercisable for one year thereafter (but in no event beyond the Option Period) and # Participant’s employment with, or service to, the Company Group is terminated for any other reason (subject to Section 7(b)), the vested portion of the Option will remain exercisable for ninety (90) days thereafter (but in no event beyond the Option Period); provided, that, in each case, the Option Period will expire immediately upon the occurrence of a Restrictive Covenant Violation.

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