DATE EXERCISABLE; VESTING Sample Clauses

DATE EXERCISABLE; VESTING. 2.1 Subject to the restrictions and conditions set forth in the Plan, the Option shall become exercisable by Optionee as follows:
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DATE EXERCISABLE; VESTING. The Option shall vest and become exercisable for the Option Shares in 12 equal consecutive amounts of 15,000 shares at the end of each calendar quarter beginning March 31, 2014. As the Option becomes exercisable for such installments, those installments shall accumulate, and the Option shall remain exercisable for the accumulated installments until the Expiration Date or sooner termination of the option term as set forth herein. Notwithstanding the above in the event of a Change of Control all of the Option Shares under the Option shall vest and shall become immediately exercisable.
Sample 1
DATE EXERCISABLE; VESTING. 2.1 The Option shall become fully exercisable at the end of the twelve (12) month period of Optionee's continuous employment with the Corporation following the Grant Date (the "Vesting Date"). The right to purchase the Option Shares shall continue for a period of five (5) years from the Vesting Date. Subject to earlier termination as provided in Section 4 below, any portion of the Option Shares not exercised at the close of business on the fifth (5th) anniversary of the Vesting Date shall thereafter be cancelled and Optionee shall have no further right to purchase such cancelled Option Shares.
Sample 1Sample 2
DATE EXERCISABLE; VESTING. 2.1 The Option shall become exercisable as to twenty-five percent (25%) of the total number of Option Shares at the end of the twelve (12) month period of Optionee's continuous employment with the Corporation following the Grant Date. The Option shall thereafter become exercisable as to an additional twenty-five percent (25%) of the total number of Option Shares at the end of each subsequent twelve (12) month period of Optionee's continuous employment with the Corporation. (Each such end date is referred to as a "Vesting Date," and each such 25% increment is referred to as an "Installment.") The right to purchase any Installment or portion thereof shall continue for a period of five (5) years from the Vesting Date for such Installment. Subject to earlier termination as provided in Section 4 below, any portion of an Installment not exercised at the close of business on the fifth (5th) anniversary of the Vesting Date for such Installment shall thereafter be cancelled and Optionee shall have no further right to purchase such cancelled Option Shares.
Sample 1
DATE EXERCISABLE; VESTING. 3.1 This Option has been granted upon Optionee's election or appointment to the Company's Board of Directors. Subject to the restrictions and conditions set forth in the Plan, one-hundred percent (100%) of the Option Shares shall become exercisable at the end of the first twelve (12) month period of Optionee's continuous service as a director of the Company following the Grant Date.
Sample 1
DATE EXERCISABLE; VESTING. 3.1 This Option has been granted upon Optionee’s election or appointment to the Company’s Board of Directors. This Option shall become exercisable as to all Option Shares on the date of the next annual meeting of the Company’s shareholders following the date of grant, provided that Optionee shall have continued to serve as a director of the Company until such date.
Sample 1
DATE EXERCISABLE; VESTING. 3.1 Subject to the restrictions and conditions set forth in the Plan, the Option shall become exercisable as to twenty-five percent (25%) of the total number of Option Shares at the end of the twelve (12) month period of Optionee’s continuous employment with the Company following the Grant Date. The Option shall thereafter become exercisable as to an additional twenty-five percent (25%) of the total number of Option Shares at the end of each subsequent twelve (12) month period of Optionee’s continuous employment with the Company.
Sample 1
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DATE EXERCISABLE; VESTING. 3.1 This Option has been granted upon Optionee's election or appointment to the Company's Board of Directors. Subject to the restrictions and conditions set forth in the Plan, the Option shall become exercisable as to twenty-five percent (25%) of the total number of Option Shares at the end of the twelve (12) month period of Optionee's continuous service as a director of the Company following the Grant Date. The Option shall thereafter become exercisable as to an additional twenty-five percent (25%) of the total number of Option Shares at the end of each subsequent twelve (12) month period of Optionee's continuous service as a director of the Company.
Sample 1
DATE EXERCISABLE; VESTING. The Option shall become exercisable for the Option Shares in one or more installments as specified in the Grant Notice. As the Option becomes exercisable for such installments, those installments shall accumulate, and the Option shall remain exercisable for the accumulated installments until the Expiration Date or sooner termination of the option term under Section 5 or upon a Change in Control as set forth in Article V of the Plan.
Sample 1

Related to DATE EXERCISABLE; VESTING

  • Exercise Period Vesting Unless expired as provided in Section 3 of this Agreement, this Option may be exercised from time to time after the Date of Grant set forth above (the "DATE OF GRANT") to the extent the Option has vested in accordance with the vesting schedule set forth below. The Shares issued upon exercise of the Option will be subject to the restrictions on transfer set forth in Section 11 below. Provided Participant continues to provide Continuous Service to the Company or any Affiliate, the Option will become vested as follows: PERCENTAGE OF VESTING DATE VESTED SHARES ------------ ------------- % % %

  • Cumulative Exercisability To the extent that the Option is vested and exercisable, the Grantee has the right to exercise the Option (to the extent not previously exercised), and such right shall continue, until the expiration or earlier termination of the Option.

  • Acceleration of Exercisability of Option (a) This Option shall become immediately fully exercisable in the event that, prior to the termination of the Option pursuant to Section 6 hereof, and during the Optionee’s Continuous Service, there is a “Change in Control,” as defined in Section 9(b) of the Plan.

  • Exercisability of Options Options granted under the Plan shall be exercisable at such times and be subject to such restrictions and conditions as the Committee shall determine in its sole discretion. After an Option is granted, the Committee, in its sole discretion, may accelerate the exercisability of the Option.

  • Vesting and Exercisability of Option The Option shall vest, and may be exercised, with respect to the Shares as set forth in the Optionee Statement attached hereto and made a part hereof, subject to earlier termination of the Option as provided in Sections 1.4 and 6 hereof or in the Plan. The right to purchase the Shares as they become vested shall be cumulative and shall continue during the Exercise Term unless sooner terminated as provided herein.

  • Period of Exercisability Section 3.1 - Commencement of Exercisability ----------- ------------------------------

  • Duration of Exercisability The installments provided for in Section 3.1 are cumulative. Each such installment which becomes exercisable pursuant to Section 3.1 shall remain exercisable until it becomes unexercisable under Section 3.3.

  • Acceleration of Exercisability Notwithstanding the schedule provided in subsection 3.2, the Option will become fully exercisable (unless Participant chooses to decline accelerated Vesting of all or any portion of the Option) upon the occurrence of either:

  • Exercisability of Option Unless otherwise provided in this Agreement or the Plan, this Option shall entitle the Participant to purchase, in whole at any time or in part from time to time, to the extent the Option is vested in accordance with the vesting schedule herein, the Shares subject to this Option, and each such right of purchase shall be cumulative and shall continue, unless sooner exercised or terminated as herein provided, during the remaining Option Period.

  • Vesting Date All remaining shares of Restricted Stock will become vested on the Vesting Date.

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