Example ContractsClausesPost Termination Exercisability Period for Outstanding Vested Stock Options; Payment of Exercise Price
Post Termination Exercisability Period for Outstanding Vested Stock Options; Payment of Exercise Price
Post Termination Exercisability Period for Outstanding Vested Stock Options; Payment of Exercise Price contract clause examples

Post-Termination Exercisability Period for Outstanding Vested Stock Options; Payment of Exercise Price. Employee shall have three (3) months following the date of Employee’s termination

for any vested stock option, Employee's continued right to exercise the option until the earlier of the end of the Severance Period or the Equity Award's original expiration date; provided, however, for any stock option with Performance-Based Vesting which first becomes exercisable after the end of the Severance Period, such option will remain exercisable until the earlier of the award’s original expiration date or 90 days after the first date that such option becomes exercisable, and, provided, further, that the extension of Employee’s rights to exercise any vested stock option until the end of the Severance Period shall be in lieu of any other post-employment exercise period provided under any equity-based award agreement. For example, if Employee dies during the Severance Period, Employee's death does not extend an option's exercise period to a date later than the end of the Severance Period;

the vesting and exercisability of all outstanding options to purchase the Company’s common stock (or stock appreciation rights or other rights with respect to the stock of the Company issued pursuant to any equity incentive plan of the Company) that are held by Executive on the Termination Date shall be accelerated as to the number of shares of common stock issuable upon exercise of such option (“Option Shares”) as equals the number of Option Shares as would otherwise vest during the twelve (12) month period following the Termination Date in accordance with the applicable options’ vesting schedule were the Executive to remain an employee of the Company during such twelve (12) month period (disregarding any other basis for acceleration of vesting of Option Shares during such twelve (12) month period);

Exercise Period Following Termination of Service. If your Service with the Company ceases for any reason other than discharge for Cause, the Options that are then exercisable, after giving effect to any exercise acceleration provisions set forth on the Stock Option Notice, will terminate upon the earliest of:

the vesting and/or exercisability of each of Employee’s outstanding stock options shall be automatically accelerated as to the number of shares subject to such stock options that would have vested over the twelve (12) month period following the Separation Date had Employee remained continuously employed by the Company during such period. Except as modified above, Employee's stock options shall continue to be governed by the terms and conditions of the stock option agreements and the Company’s equity plan pursuant to which such stock options were granted.

All options to purchase Common Stock of the Company held by the Executive shall continue to vest and shall be exercisable for eighteen (18) months following Employment Termination, up to their full term, to the extent that such vesting or exercise will not cause the Executive with respect to such options to be subject to any excise tax under Section 409A notwithstanding the Employment Termination.

the time period that Executive has to exercise any outstanding options to purchase the Company’s common stock that are held by Executive on the Termination Date shall be extended for a period equal to the shorter of # twelve (12) months or # the remaining term of the outstanding option.

Options. With respect to all of Employee’s options (the “Options”) to purchase Company common stock outstanding on the date of such termination (whether granted on, before or after the date of this Agreement), Employee will have the period following such termination of employment to exercise such Options that is specified in the stock plans, if any, under which the Options were granted and in any applicable agreements between the Company and Employee; provided, however, to the extent that, pursuant to the provisions of such stock plans and applicable agreements, such Options continue to vest during the period, if any, that Employee provides consulting services to the Company pursuant to Section 3(a)(ii) or otherwise, then Employee will have the period following the termination of such consulting services to exercise such Options that is specified in such stock plans and applicable agreements. In all other respects, such Options will continue to be subject to the terms and conditions of the stock plans, if any, under which they were granted and any applicable agreements between the Company and Employee.

Each exercisable Equity Plan award (e.g., a stock option or a stock appreciation right) that is or becomes exercisable will remain exercisable until the earlier of # the one-year anniversary of the Date of Termination; or # the date the award would have expired by its original terms (disregarding any early termination due to separation from service), subject to any rights the Company may have to liquidate such award for fair market value in connection with a subsequent corporate transaction pursuant to the terms of the applicable Equity Plan.

Alteration of Vesting and Exercise Periods. Notwithstanding anything to the contrary in Section 5.13.1, the Administering Body may in its discretion designate shorter or longer periods to claim or otherwise exercise Awards following the termination of a Recipient’s relationship as a Service Provider; provided, however, # that in no event shall the term to exercise a Stock Option after termination of the relationship as a Service Provider be extended beyond the original maximum term of such Stock Option, and # that any shorter periods determined by the Administering Body shall be effective only if provided for in the Award Agreement or if such shorter period is agreed to in writing by the Recipient. Notwithstanding anything to the contrary herein, Awards shall be claimed or exercisable by a Recipient following the termination of such Recipient’s relationship as a Service Provider only to the extent that installments thereof had become exercisable on or prior to the date of such termination; provided, however, that the Administering Body may, in its discretion, elect to accelerate the vesting of all or any portion of any Awards that had not vested on or prior to the date of such termination.

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