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Common use of Exercise of Vested Options Clause in Contracts

Exercise of Vested Options. In the event of termination for any reason, Employee’s stock vested options shall continue to be exercisable for a period of one year.

Appears in 2 contracts

Sources: Employment Agreement (Pipex Pharmaceuticals, Inc.), Employment Agreement (Adeona Pharmaceuticals, Inc.)

Related Clauses

  • Vested Options
  • Unvested Options
  • Exercise of Call Option
  • Treatment of Expired Options and Unexercised Convertible Securities
  • Exercise of Repurchase Right

Parent Clauses

  • Vesting of Options
  • TERMINATION
  • STOCK OPTION AGREEMENTS
  • Vesting of Awards
  • Exercisability of Options

Sub-Clauses

  • Notice of Exercise
  • In General
  • Grantee’s Request for Approval
  • Additional Conditions to Exercise prior to an IPO
  • Manner of Payment
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