Stock Option Acceleration. Effective as of immediately prior to the Separation Date, the Board of Directors of the Company (“Board”) has approved and the Company agrees to accelerate the vesting of 238,126 shares subject to the Option Award (the “Accelerated Options”). The Accelerated Options may be exercised until the Severance Amount is fully paid. All Accelerated Options that are not timely exercised will be nullified and no longer executable.
Appears in 1 contract
Sources: Separation Agreement (Virpax Pharmaceuticals, Inc.)
Stock Option Acceleration. Effective as of immediately prior to the Separation Date, the Board of Directors of the Company (“Board”) has approved and the Company agrees to accelerate the vesting of 238,126 such that all shares subject to the Option Award (the “Accelerated Options”). The Accelerated Options may Awards shall be exercised until the Severance Amount is fully paid. All Accelerated Options that are not timely exercised will be nullified and no longer executablevested.
Appears in 1 contract
Sources: Separation Agreement (Aravive, Inc.)
Stock Option Acceleration. Effective as of immediately prior to the Separation Date, the Board of Directors of the Company (“Board”) has approved and the Company agrees to accelerate the vesting of 238,126 such that all shares subject to the Option Award (the “Accelerated Options”). The Accelerated Options may Awards shall be exercised until the Severance Amount is fully paid. All Accelerated Options that are not timely exercised will be nullified and no longer executable.vested
Appears in 1 contract