Common use of EARLY EXERCISE FOR RESTRICTED SHARES Clause in Contracts

EARLY EXERCISE FOR RESTRICTED SHARES. The Optionee may exercise the Option in accordance with this Section 6(c) for shares of the Company's Common Stock prior to the date or dates upon which such shares become exercisable under Section 3(a), and the exercise schedule in the Notice shall be deemed to have been accelerated for such purpose. The shares issued upon such early exercise shall be subject to the restrictions set forth in this subsection, and are referred to in this subsection as the "Restricted Shares."

Appears in 2 contracts

Samples: Corporation 1998 Stock Incentive Plan Nonstatutory Employee Stock Option Agreement (Allaire Corp), 1998 Stock Incentive Plan Nonstatutory Employee Stock Option Agreement (Allaire Corp)

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EARLY EXERCISE FOR RESTRICTED SHARES. The Optionee may exercise the Option in accordance with this Section 6(c) for shares of the Company's Common Stock stock prior to the date or dates upon which such shares become exercisable under Section 3(ain accordance with this subsection 6(c), and the exercise schedule in the Grant Notice shall be deemed to have been accelerated for such purpose. The shares issued upon such early exercise shall be subject to the restrictions set forth in this subsection, and are referred to in this subsection as the "Restricted Shares."

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Allaire Corp), Nonstatutory Stock Option Agreement (Allaire Corp)

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