Duration of Option and Time of Exercise. The Option shall become exercisable with respect to the Option Shares on or after the date hereof and shall expire on and no longer be exercisable after 5:00 p.m., Minneapolis, Minnesota time, on December 31, 2000 (the "Option Term"). This Option shall not be exercisable, unless and until the Optionor and Optionee have negotiated and executed a stock purchase agreement relating to the purchase of the Option Shares of the Optionee pursuant to the exercise of this Option containing such representations and warranties of the parties as are characteristic of similar stock purchase transactions.
Duration of Option and Time of Exercise. A. Initial Period of Exercisability. The Option will become exercisable with respect to the Option Shares in ___________ installments. The following table sets forth the initial dates of exercisability of each installment and the number of Option Shares as to which this Option will become exercisable on such dates: Initial Date of Number of Option Shares Exercisability Available for Exercise -------------- ---------------------- The foregoing rights to exercise this Option will be cumulative with respect to the Option Shares becoming exercisable on each such date but in no event will this Option be exercisable after, and this Option will become void and expire as to all unexercised Option Shares at, 5:00 p.m. (Minneapolis, Minnesota time) on ________________, ____ (the "Time of Termination").
Duration of Option and Time of Exercise. 3.1 Initial Period of Exercisability. This Option will become exercisable with respect to the Option Shares ________________. In no event will this Option be exercisable after, and this Option will become void and expire as to all unexercised Option Shares at, 5:00 p.m. (Fargo, North Dakota time) on ____________, 20__ (the "Time of Termination").
Duration of Option and Time of Exercise. The Option is exercisable by Optionee at any time after Date of Grant to 3 years thereafter. transform pack
Duration of Option and Time of Exercise. 3.1 INITIAL PERIOD OF EXERCISABILITY
Duration of Option and Time of Exercise. 3.1. Initial Period of Exercisability. Subject to Section 3.4, the Option shall become exercisable with respect to the Option Shares in three installments. Subject to Section 3.4, the rights to exercise this Option shall be cumulative with respect to the Option Shares becoming exercisable on each such date but in no event shall this Option be exercisable after, and this Option shall become void and expire as to each installment of unexercised Option Shares at, 5:00 p.m. (Minneapolis, Minnesota time) on the following dates (the "Time of Termination"). The following table sets forth, subject to Section 3.4, the initial dates of exercisability of each installment, the number of Option Shares as to which this Option shall become exercisable on such dates and the Time of Termination of each installment of Option Shares: Initial Date of Number of Option Shares Exercisability Available for Exercise Time of Termination -------------- ---------------------- ------------------- August 26, 1998 216,666 August 26, 2003 August 26, 1999 216,667 August 26, 2004 August 26, 2000 216,667 August 26, 2005
Duration of Option and Time of Exercise. A. Initial Period of Exercisability. The Option shall become exercisable with respect to the Option Shares in ________________________ equal installments. The following table sets forth the initial dates of exercisability of each installment and the cumulative number of Option Shares as to which this Option shall become exercisable on such dates, provided that this Option shall become so exercisable on such dates only if the Optionee has continuously served as an employee of the Company since the Date of Grant. Initial Date of Exercisability Number of Option Shares Available for Exercise The foregoing rights to exercise this Option shall be cumulative with respect to the Option Shares becoming exercisable on each such date but in no event shall this Option be exercisable after, and this Option shall become void and expire as to all unexercised Option Shares at 5:00P.M. (CST) on ___________________ (the “Time of Termination”), date which in no case shall exceed ten (10) years after DATE of grant.
Duration of Option and Time of Exercise. (a) Exercisability and Expiration. This Option will become exercisable on _________________, so long as the Optionee remains continuously employed by the Company. This Option will remain exercisable as to all unexercised Option Shares until 5:00 p.m. (St. Xxxx, Minnesota time) on _______________ (the "Time of Termination").
Duration of Option and Time of Exercise. 3.1 Initial Period of Exercisability. The Option shall become exercisable with respect to the Option Shares in three installments. The following table sets forth the initial dates of exercisability of each installment and the number of Option Shares as to which this Option shall become exercisable on such dates: Initial Date of Number of Option Shares Exercisability Available for Exercise -------------- ---------------------- June 6, 1995 9,666 June 6, 1996 9,667 June 6, 1997 9,667 The foregoing rights to exercise this Option shall be cumulative with respect to the Option Shares becoming exercisable on each such date but 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. (Minneapolis, Minnesota time) on June 5, 2005 (the "Time of Termination").
Duration of Option and Time of Exercise. 5.1 Vesting Schedule & Initial Date of Exercisability. One-Third (33%)of the Options granted shall become vested 12 months from the Date of the Grant. One-Third (33%) of the Options granted shall become vested 24 months from the Date of the Grant. One-Third (33%) of the Options granted shall become vested 36 months from the Date of the Grant. Each Option shall become excisable only after vesting.
