DURATION OF OPTION AND EXERCISABILITY Sample Clauses

DURATION OF OPTION AND EXERCISABILITY. A. Initial Period of Exercisability. Except as provided in Articles II.B. and II.C. below, the Option shall become exercisable according to the following schedule. Once the Option becomes fully exercisable Participant may continue to exercise this Option under the terms and conditions of this Agreement until the first of the termination of this Option as provided herein or the Expiration Date (as defined below). If Participant does not purchase upon an exercise of this Option the full number of shares which Participant is then entitled to purchase, Participant may purchase upon any subsequent exercise prior to this Option’s termination or Expiration Date such previously unpurchased shares in addition to those Participant is otherwise entitled to purchase. Except as otherwise provided in Articles II.B. and II.C. below, the term during which this Option may be exercised will continue until 5:00 p.m. (Central time) on [the date that is no more than ten (10) years following the date of grant of this Option OR: for greater than ten percent (10%) holders insert the date that is no more than five (5) years following the date of grant of this Option] (the “Expiration Date”), unless extension of the term is permissible under Code Section 424(a). In no event shall this Option be exercisable after the Expiration Date. Number of Option Shares
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DURATION OF OPTION AND EXERCISABILITY. A. Initial Period of Exercisability. The Option shall fully vest, or be fully exercisable in _________ installments, on the Date of Grant. In no event shall this Option be exercisable after, and this Option shall become void and expire as to all unexercised Option Shares at, 5.00 p.m. (Central time) on ___________ (the "Expiration Date").
Sample 1
DURATION OF OPTION AND EXERCISABILITY. A. Initial Period of Exercisability. The Option shall be fully exercisable in _________ (___) installments. The following table sets forth the initial dates of exercisability of each of each installment and the number of Option Shares as to which this Option shall become exercisable on such dates, provided that Optionee has continually served as an employee of the Company. In no event shall this Option be exercisable after, and this Option shall become void and expire as to all unexercised Option Shares at, 5:00 p.m. (Central time) on __________________, ________ (the "Expiration Date"). Initial Date of Number of Option Shares Exercisability Available for Exercise
Sample 1
DURATION OF OPTION AND EXERCISABILITY. A. Initial Period of Exercisability. Except as provided in Articles II.B and II.C below, the Option shall become exercisable according to the following schedule. Once the Option becomes fully exercisable Participant may continue to exercise this Option under the terms and conditions of this Agreement until the first of the termination of this Option as provided herein or the Expiration Date (as defined below). If Participant does not purchase upon an exercise of this Option the full number of shares which Participant is then entitled to purchase, Participant may purchase upon any subsequent exercise prior to this Option’s termination or Expiration Date such previously unpurchased shares in addition to those Participant is otherwise entitled to purchase. Except as otherwise provided in Articles II.B and II.C below, the term during which this Option may be exercised will continue until 5:00 p.m. (Central time) on [the date that is no more than ten (10) years following the date of grant of this Option OR: for greater than ten percent (10%) holders insert the date that is no more than five (5) years following the date of grant of this Option] (the “Expiration Date”). In no event shall this Option be exercisable after the Expiration Date. Vesting Date Number of Option Shares Available for Exercise
Sample 1
DURATION OF OPTION AND EXERCISABILITY 
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Related to DURATION OF OPTION AND EXERCISABILITY

  • Duration and Exercisability A. This option may not be exercised by Employee until the expiration of two (2) years from the date of grant, and this option shall in all events terminate ten (10) years after the date of grant. During the first two years from the date of grant of this option, no portion of this option may be exercised. Thereafter this option shall become exercisable in four cumulative installments of 25% as follows: Total Portion of Option Date Which is Exercisable ---- -------------------- Two Years after Date of Grant 25% Three Years after Date of Grant 50% Four Years after Date of Grant 75% Five Years after Date of Grant 100% In the event that Employee does not purchase in any one year the full number of shares of Common Stock of the Company to which he/she is entitled under this option, he/she may, subject to the terms and conditions of Section 3 hereof, purchase such shares of Common Stock in any subsequent year during the term of this 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.

  • 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 and Exercisability (a) No portion of this Stock Option may be exercised until such portion shall have vested.

  • 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.

  • Exercisability This option shall be exercisable as to: Number of Shares Vesting Date 400 immediate This option shall remain exercisable as to all vested shares until January 1,2014 (but not later than ten (10) years from the date this option is granted) unless this option has expired or terminated earlier in accordance with the provisions hereof or in the Plan. Subject to paragraphs 4 and 5, shares as to which this option becomes exercisable pursuant to the foregoing provision may be purchased at any time prior to expiration of this option.

  • Duration of Option The Option shall be exercisable to the extent and in the manner provided herein for a period of ten (10) years from the Grant Date (the "Exercise Term"); provided, however, that the Option may be earlier terminated as provided in Section 6 hereof.

  • 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:

  • Suspension of Exercisability To the extent that the Company determines in good faith that some action will or need be taken pursuant to Section 3.1 or to comply with federal or state securities laws, the Company may suspend the exercisability of the Rights for a reasonable period in order to take such action or comply with such laws. In the event of any such suspension, the Company shall issue as promptly as practicable a public announcement stating that the exercisability or exchangeability of the Rights has been temporarily suspended. Notice thereof pursuant to Section 5.9 shall not be required. Failure to give a notice pursuant to the provisions of this Agreement shall not affect the validity of any action taken hereunder.

  • Expiration of Options Except as otherwise provided in Section 5 or 6 of the Management Stockholder's Agreement, the Options may not be exercised to any extent by the Optionee after the first to occur of the following events:

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