Common use of Expiration or Cancellation Clause in Contracts

Expiration or Cancellation. If any portion of the Option expires or is canceled in accordance with the terms hereof, the underlying Option Shares covered by the portion of the Option which expires or is canceled shall be returned to the Plan and shall again be available for future grants under the Plan.

Appears in 2 contracts

Sources: Stock Option Grant (Aclaris Therapeutics, Inc.), Stock Option Grant (Aclaris Therapeutics, Inc.)

Expiration or Cancellation. If any portion of the this Option expires or is canceled in accordance with the terms hereof, the underlying Option Shares covered by the portion of the this Option which expires expired or is canceled shall be returned to the Plan and shall again be available for future grants under the Plan.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (BioElectronics Corp)