Common use of Exercisability of Option Clause in Contracts

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.

Appears in 18 contracts

Samples: Stock Option Award Agreement (Horizon Lines, Inc.), Stock Option Award Agreement (Horizon Lines, Inc.), Stock Option Award Agreement (Horizon Lines, Inc.)

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Exercisability of Option. Unless otherwise provided in this Agreement or the Plan, this the Option shall entitle the Participant Optionee 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 ((Para)). Each such right of purchase shall be cumulative and shall continue, unless sooner exercised or terminated as herein provided, provided during the remaining Option Periodperiod of the Exercise Term.

Appears in 12 contracts

Samples: Incentive Stock Option Agreement (National Service Industries Inc), Incentive Stock Option Agreement (National Service Industries Inc), Incentive Stock Option Agreement (National Service Industries Inc)

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Exercisability of Option. Unless otherwise provided in this Agreement or the Plan, this the Option shall entitle the Participant Optionee 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((Para)), and each such right of purchase shall be cumulative and shall continue, unless sooner exercised or terminated as herein provided, provided during the remaining Option Periodperiod of the Exercise Term.

Appears in 4 contracts

Samples: Nonqualified Stock Option Agreement (National Service Industries Inc), Nonqualified Stock Option Agreement (National Service Industries Inc), Nonqualified Stock Option Agreement (National Service Industries Inc)

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