Common use of Conditions to Exercise of Option Clause in Contracts

Conditions to Exercise of Option. Except as otherwise set forth in Section 7 below, the Optionee may exercise this Option or any portion thereof after it has vested and during his lifetime only while he is employed by, or providing services to, the Company or a Subsidiary.

Appears in 6 contracts

Samples: Stock Option Agreement (Guardian International Inc), Non Qualified Stock Option Agreement (Guardian International Inc), Option Agreement (Guardian International Inc)

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Conditions to Exercise of Option. Except as otherwise set forth in Section 7 6 below, the Optionee may exercise this the Option or any portion thereof after it has vested and during his lifetime only while he is employed by, or providing services to, by the Company or a Subsidiary.

Appears in 2 contracts

Samples: Qualified Stock Option Agreement (FPL Group Inc), Qualified Stock Option Agreement (FPL Group Inc)

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