End of Employment & Termination

Description

This AI field captures provisions detailing the effects that an option holder’s end of employment will have on the vesting and exercisability of the stock option. These effects may include forfeiture, accelerated vesting and/or revised exercisability periods. For the purpose of this AI field, “end of employment” shall include formal termination (e.g. with or without cause) as well other forms of employment cessation (e.g. disability, death, retirement, etc.).