Common use of Duration, Vesting and Exercise Clause in Contracts

Duration, Vesting and Exercise. (a) The vesting of the Warrant Shares which the Holder is permitted to acquire pursuant to this Warrant shall occur on the dates set forth below. On each such date, this Warrant shall vest on a cumulative basis with respect to a number of Warrant Shares calculated pursuant to Section 3(b) below. Only the Warrant Shares that have vested may be acquired upon exercise of this Warrant.

Appears in 7 contracts

Samples: Viisage Technology Inc, Safescience Inc, Pacific Aerospace & Electronics Inc

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Duration, Vesting and Exercise. (a) The vesting of the Warrant Shares which the Holder is permitted to acquire pursuant to this Warrant shall occur on the dates set forth below. On each such date, this Warrant shall vest on a cumulative basis with respect to a number of Warrant Shares calculated pursuant to Section 3(b) below. Only the Warrant Shares that have vested may be acquired upon exercise of this Warrant.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Brightstar Information Technology Group Inc), Brightstar Information Technology Group Inc, Brightstar Information Technology Group Inc

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Duration, Vesting and Exercise. (a) The vesting of the Warrant Shares which the Holder is permitted to acquire pursuant to this Warrant shall occur on the dates set forth below. On each such date, this Warrant shall vest on a cumulative basis with respect to a number of Warrant Shares calculated pursuant to Section 3(b) below. Only the Warrant Shares that have vested may be acquired upon exercise of this Warrant.. (i) The first vesting date (the "First Vesting Date") shall be the 92nd day following the Effective Date (as defined in Exhibit A);

Appears in 1 contract

Samples: Jawz Inc

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