Common use of Duration and Exercisability Clause in Contracts

Duration and Exercisability. a. The term during which this Option may be exercised shall terminate on ______________, _____, except as otherwise provided in Paragraphs 2(b) through 2(e) below. This Option shall become exercisable according to the following schedule: Once the Option becomes exercisable to the extent of one hundred percent (100%) of the aggregate number of shares specified in Paragraph 1, Optionee may continue to exercise this Option under the terms and conditions of this Agreement until the termination of the Option as provided herein. If Optionee does not purchase upon an exercise of this Option the full number of shares which Optionee is then entitled to purchase, Optionee may purchase upon any subsequent exercise prior to this Option's termination such previously unpurchased shares in addition to those Optionee is otherwise entitled to purchase.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Webmd Corp)

AutoNDA by SimpleDocs

Duration and Exercisability. a. The term during which this Option may be exercised shall terminate on ______________, _____20 , except as otherwise provided in Paragraphs 2(b) through 2(e) below. This Option shall become exercisable according to the following schedule: Vesting Date Percentage/Number of Shares Once the Option becomes exercisable to the extent of one hundred percent (100%) of the aggregate number of shares specified in Paragraph 1, Optionee may continue to exercise this Option under the terms and conditions of this Agreement until the termination of the Option as provided herein. If Optionee does not purchase upon an exercise of this Option the full number of shares which Optionee is then entitled to purchase, Optionee may purchase upon any subsequent exercise prior to this Option's ’s termination such previously unpurchased shares in addition to those Optionee is otherwise entitled to purchase.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Cardiovascular Systems Inc)

Duration and Exercisability. a. The term during which this Option may be exercised shall terminate at the close of business on ______________, _____20 , except as otherwise provided in Paragraphs 2(b2(c) through 2(e) below. This Option shall become exercisable according to the following schedule: Vesting Date Percentage/Number of Shares Once the Option becomes exercisable to the extent of one hundred percent (100%) of the aggregate number of shares specified in Paragraph 1, Optionee may continue to exercise this Option under the terms and conditions of this Agreement until the termination of the Option as provided herein. If Optionee does not purchase upon an exercise of this Option the full number of shares which Optionee is then entitled to purchase, Optionee may purchase upon any subsequent exercise prior to this Option's ’s termination such previously unpurchased shares in addition to those Optionee is otherwise entitled to purchase.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Cardiovascular Systems Inc)

Duration and Exercisability. a. The term during which this Option may be exercised shall terminate on ____________, __, _____, except as otherwise provided in Paragraphs 2(b) through 2(e) below. This Option shall become exercisable according to the following schedule: Number of Shares Date Exercisable Once the Option becomes exercisable to the extent of one hundred percent (100%) of the aggregate number of shares specified in Paragraph 1, Optionee may continue to exercise this Option under the terms and conditions of this Agreement until the termination of the Option as provided herein. If Optionee does not purchase upon an exercise of this Option the full number of shares which Optionee is then entitled to purchase, Optionee may purchase upon any subsequent exercise prior to this Option's termination such previously unpurchased shares in addition to those Optionee is otherwise entitled to purchase.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Ciprico Inc)

Duration and Exercisability. a. The term during which this Option may be exercised shall terminate on _________________, _____, ___ except as otherwise provided in Section 11 of the Plan and Paragraphs 2(b) through 2(e) below. This Option shall become exercisable according to the following schedule: Once Percentage/Number Vesting Date of Shares ------------ ------------------ In the Option becomes event of a "change in control transaction" this option shall become immediately exercisable as to the extent all shares unless such transaction is accounted for on a pooling of one hundred percent (100%) interests basis as provided in Section 11 of the aggregate number of shares specified in Paragraph 1, Optionee may continue to exercise this Option under the terms and conditions of this Agreement until the termination of the Option as provided hereinPlan. If Optionee does not purchase upon an exercise of this Option the full number of shares which Optionee is then entitled to purchase, Optionee may purchase upon any subsequent exercise prior to this Option's termination such previously unpurchased shares in addition to those Optionee is otherwise entitled to purchase.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Techne Corp /Mn/)

AutoNDA by SimpleDocs

Duration and Exercisability. a. The term during which this Option may be exercised shall terminate on ______________, _____, except as otherwise provided in Paragraphs 2(b) through 2(e) below. This Option shall become exercisable according to the following schedule: Vesting Date Percentage/Number of Shares Once the Option becomes exercisable to the extent of one hundred percent (100%) of the aggregate number of shares specified in Paragraph 1, Optionee may continue to exercise this Option under the terms and conditions of this Agreement until the termination of the Option as provided herein. If Optionee does not purchase upon an exercise of this Option the full number of shares which Optionee is then entitled to purchase, Optionee may purchase upon any subsequent exercise prior to this Option's termination such previously unpurchased shares in addition to those Optionee is otherwise entitled to purchase.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Webmd Corp)

Duration and Exercisability. a. The term during which this Option may be exercised shall terminate on ________________, _____, _ except as otherwise provided in Paragraphs 2(b) through 2(e) below. This Option shall become exercisable according to the following schedule: Number of Shares Date Exercisable Once the Option becomes exercisable to the extent of one hundred percent (100%) of the aggregate number of shares specified in Paragraph 1, Optionee may continue to exercise this Option under the terms and conditions of this Agreement until the termination of the Option as provided herein. If Optionee does not purchase upon an exercise of this Option the full number of shares which Optionee is then entitled to purchase, Optionee may purchase upon any subsequent exercise prior to this Option's termination such previously unpurchased shares in addition to those Optionee is otherwise entitled to purchase.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Ciprico Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.