Example ContractsClausestermination of relationship as a service providerIdentical
Termination of Relationship as a Service Provider
Termination of Relationship as a Service Provider contract clause examples

Termination of Relationship as a Service Provider. If a Participant ceases to be a Service Provider, other than upon the Participant’s termination as the result of the Participant’s death or Disability, the Participant may exercise his or her Option within such period of time as is specified in the Award Agreement to the extent that the Option is vested on the date of termination (but in no event later than the expiration of the term of such Option as set forth in the Award Agreement). In the absence of a specified time in the Award Agreement, the Option will remain exercisable for three (3) months following the Participant’s termination. Unless otherwise provided by the Administrator, if on the date of termination the Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option will revert to the Plan. If after termination the Participant does not exercise his or her Option within the time specified by the Administrator, the Option will terminate, and the Shares covered by such Option will revert to the Plan.

ORGANOVO HOLDINGS, INC. (ONVO) (CIK 0001497253)
Source: SEC EDGAR database • Date: October 6, 2021 • SIC: 2836 • CIK: 2836
ORGANOVO HOLDINGS, INC. (ONVO) (CIK 0001497253)
Source: SEC EDGAR database • Date: July 27, 2018 • SIC: 2836 • CIK: 2836
NantKwest, Inc. (NK) (CIK 0001326110)
Source: SEC EDGAR database • Date: August 7, 2020 • SIC: 2836 • CIK: 2836
Tesla, Inc. (TSLA) (CIK 0001318605)
Source: SEC EDGAR database • Date: February 23, 2018 • SIC: 3711 • CIK: 3711
OMEROS CORP (OMER) (CIK 0001285819)
Source: SEC EDGAR database • Date: June 11, 2019 • SIC: 2834 • CIK: 2834
Sarepta Therapeutics, Inc. (SRPT) (CIK 0000873303)
Source: SEC EDGAR database • Date: August 8, 2018 • SIC: 2834 • CIK: 2834

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