Common use of Forfeiture of the Option Clause in Contracts

Forfeiture of the Option. The Option shall be subject to forfeit in accordance with the following provisions: (i) the unvested portion of the Option shall automatically be forfeited upon the date that the Recipient ceases employment with the Company for any reason other than the Recipient’s termination for Cause. (ii) if the Recipient is terminated by the Company for Cause, the Option, whether or not vested, shall automatically and immediately terminate as of the morning of the date of such removal for Cause.