Common use of Exercisability Schedule Clause in Contracts

Exercisability Schedule. No portion of this Share Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as described in Section 2 of the Plan) to accelerate the following exercisability schedule, this Share Option shall be exercisable with respect to the following number of Option Shares on the dates indicated so long as Optionee has served continuously as an employee of the Company or a Subsidiary on such dates: Incremental Number of Option Shares Exercisable Exercisability Date _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ In determining the number of vested Option Shares at the time of any exercise, the number of Option Shares shall be rounded down to the nearest whole ADS or the nearest increment of 13 Ordinary Shares. Once exercisable, this Share Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan.

Appears in 2 contracts

Samples: Non Qualified Share Option Agreement (BeiGene, Ltd.), Non Qualified Share Option Agreement (BeiGene, Ltd.)

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Exercisability Schedule. No portion of this Share Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as described defined in Section 2 of the Plan) to accelerate the following exercisability scheduleschedule hereunder, this Share Stock Option shall be exercisable with respect to the following number of Option Shares on the dates indicated so long as Optionee has served continuously as remains an employee of the Company or a Subsidiary on such dates: Incremental Number of Option ofOption Shares Exercisable Exercisability Date _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ In determining Notwithstanding the number foregoing or Sections 3(c) of the Plan, and notwithstanding the provisions of any employment or other agreement between the Optionee and Company or any Subsidiary that is in effect as of the date hereof, in the event of a Sale Event under which this Stock Option is not assumed or continued by the successor entity in such Sale Event or substituted with a new award of such successor, this Stock Option shall become immediately vested Option Shares and exercisable in full, whether or not vested and exercisable at such time, subject to the provisions of the Plan, as of the effective time of any exercise, the number of Option Shares shall be rounded down to the nearest whole ADS or the nearest increment of 13 Ordinary Sharessuch Sale Event. Once exercisable, this Share Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Mid America Apartment Communities Inc), Incentive Stock Option Agreement (Mid America Apartment Communities Inc)

Exercisability Schedule. No portion of this Share Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as described defined in Section 2 of the Plan) to accelerate the following exercisability scheduleschedule hereunder, this Share Stock Option shall be exercisable with respect to the following number of Option Shares on the dates indicated below so long as the Optionee has served continuously as an employee of continues to have a Service Relationship with the Company or a Subsidiary on such dates: Incremental Number of Option Shares Exercisable [Exercisability Date Date] _____________ (___%) _____________ (___%) _____________ (___%) _____________ (___%) _____________ (___%) ____________ _____________ Notwithstanding the foregoing, in the event of a Sale Event, upon a termination of Optionee’s Service Relationship without Cause by the Company (___%or a successor, if appropriate) ____________ _____________ (___%) ____________ In determining in connection with or within three months following the number consummation of vested Option Shares at a Sale Event, then 100% of the time of any exercise, the number of then outstanding and unvested Option Shares shall immediately be rounded down deemed vested and exercisable effective immediately prior to the nearest whole ADS or the nearest increment such termination of 13 Ordinary SharesOptionee’s Service Relationship. Once exercisable, this Share Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Pardes Biosciences, Inc.), Restricted Stock Unit Award Agreement (Pardes Biosciences, Inc.)

Exercisability Schedule. No portion of this Share Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as described defined in Section 2 of the Plan) to accelerate the following exercisability scheduleschedule hereunder, this Share Stock Option shall be exercisable with respect to the following number of Option Shares on the dates indicated so long as the Optionee has served continuously as remains an employee of the Company or a Subsidiary on such dates: Incremental Number of Option ofOption Shares Exercisable Exercisability Date _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ In determining Notwithstanding the number foregoing or Sections 3(c) of the Plan, and notwithstanding the provisions of any employment or other agreement between the Optionee and Company or any Subsidiary that is in effect as of the date hereof, in the event of a Sale Event under which this Stock Option is not assumed or continued by the successor entity in such Sale Event or substituted with a new award of such successor, this Stock Option shall become immediately vested Option Shares and exercisable in full, whether or not vested and exercisable at such time, subject to the provisions of the Plan, as of the effective time of any exercise, the number of Option Shares shall be rounded down to the nearest whole ADS or the nearest increment of 13 Ordinary Sharessuch Sale Event. Once exercisable, this Share Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Mid-America Apartments, L.P.), Incentive Stock Option Agreement (Mid-America Apartments, L.P.)

Exercisability Schedule. No portion of this Share Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as described in Section 2 of the Plan) to accelerate the following exercisability scheduleschedule hereunder, this Share Stock Option shall be become exercisable with respect to the following number of Option Shares on the dates indicated indicated, so long as the Optionee has served continuously as an employee remains a Director of the Company or a Subsidiary on such datesthe Exercisability Date specified below: Incremental Number of Total Number of Exercisability Option Shares First Option Shares Date Becoming Exercisable Exercisability Date Exercisable _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) _____________ _____________ (___%) _____________ (___%) _____________ _____________ (___%) _____________ (100%) In determining the number event of vested the termination of the Optionee’s service as a Director because of death, this Stock Option Shares shall become immediately exercisable in full, whether or not otherwise exercisable at the time of any exercise, the number of Option Shares shall be rounded down to the nearest whole ADS or the nearest increment of 13 Ordinary Sharessuch time. Once exercisable, this Share Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof of this Agreement and of the Plan.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Alere Inc.), 2010 Stock Option and Incentive (Alere Inc.)

Exercisability Schedule. No portion of this Share Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as described defined in Section 2 of the Plan) to accelerate the following exercisability scheduleschedule hereunder, this Share Stock Option shall be exercisable with respect to the following number of Option Shares on the dates indicated so long as the Optionee has served continuously as remains an employee of the Company or a Subsidiary on such dates: Incremental Number of Option Shares Exercisable Exercisability Date _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ In determining Notwithstanding the number foregoing or Sections 3(c) of the Plan, and notwithstanding the provisions of any employment or other agreement between the Optionee and Company or any Subsidiary that is in effect as of the date hereof, in the event of a Sale Event under which this Stock Option is not assumed or continued by the successor entity in such Sale Event or substituted with a new award of such successor, this Stock Option shall become immediately vested Option Shares and exercisable in full, whether or not vested and exercisable at such time, subject to the provisions of the Plan, as of the effective time of any exercise, the number of Option Shares shall be rounded down to the nearest whole ADS or the nearest increment of 13 Ordinary Sharessuch Sale Event. Once exercisable, this Share Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Mid-America Apartments, L.P.), Incentive Stock Option Agreement (Mid-America Apartments, L.P.)

Exercisability Schedule. No portion of this Share Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as described defined in Section 2 1 of the Plan) to accelerate the following exercisability scheduleschedule hereunder, this Share Stock Option shall be exercisable with respect to the following number of Option Shares on the dates indicated so long as the Optionee has served continuously remains in a Service Relationship (as an employee of defined in the Company or a Subsidiary Plan) on such dates: ​ ​ Incremental Number of Option Shares Exercisable Exercisability Date ​ ​ _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ In determining ​ ​ ​ ​ Notwithstanding anything to the number of vested Option Shares at contrary herein or in the time of any exercisePlan, the number of all outstanding Option Shares shall be rounded down to become fully exercisable upon the nearest whole ADS termination of the Optionee’s Service Relationship by reason of the Optionee’s death or disability (as determined by the nearest increment Administrator). In addition, if the Optionee’s Service Relationship is terminated by the Company or an Affiliate, as applicable, without Cause (as defined below)[ or by the Optionee for Good Reason (as defined in the employment or other service agreement between the Optionee and the Company or an Affiliate), in either case]1 upon or within 12 months following a Sale Event, all outstanding Option Shares shall become fully exercisable as of 13 Ordinary Sharesthe date of such termination. The Administrator may at any time accelerate the exercisability schedule specified in this Paragraph 1. Once exercisable, this Share Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Plug Power Inc)

Exercisability Schedule. No portion of this Share Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as described defined in Section 2 of the Plan) to accelerate the following exercisability scheduleschedule hereunder, this Share Stock Option shall be exercisable with respect to the following number of Option Shares on the dates indicated below so long as the Optionee has served continuously as an employee of continues to have a Service Relationship with the Company or a Subsidiary on such dates: Incremental Number of Option Shares Exercisable [Exercisability Date Date] _____________ (___%) _____________ (___%) _____________ (___%) _____________ (___%) _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ In determining Notwithstanding the number foregoing, in the event of vested Option Shares at a Sale Event, 100% of the time of any exercise, the number of then-outstanding and unvested Option Shares shall immediately be rounded down to deemed vested and exercisable on the nearest whole ADS or date of such Sale Event; provided, that the nearest increment Optionee remains in service as a member of 13 Ordinary Sharesthe Board until the date of such Sale Event. Once exercisable, this Share Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Pardes Biosciences, Inc.)

Exercisability Schedule. No portion of this Share Stock Option may be exercised until such portion shall have become vested and exercisable. Except as set forth below, and subject to the discretion of the Administrator (as described defined in Section 2 of the Plan) to accelerate the following vesting and exercisability scheduleschedule hereunder, this Share Stock Option shall vest and be exercisable with respect to the following number of Option Shares on the dates indicated so long as Optionee has served continuously as an employee of the Company or remains in a Subsidiary Service Relationship on such dates: Incremental Number of Option Shares Exercisable Exercisability Date _____________ (___%) _____________ (___%) _____________ (___%) _____________ (___%) _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ In determining the number of vested Option Shares at the time of any exercise, the number of Option Shares shall be rounded down to the nearest whole ADS or the nearest increment of 13 Ordinary Shares. Once exercisable, this Share Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan. [Included for Directors: In the event of a corporate transaction, including a merger or reorganization, whereby the holders of the outstanding shares of common stock of the Company before the transaction fail to have a beneficial interest of 51 percent or more of the shares of outstanding common stock of the Company or its successor (or its ultimate parent) after the consummation of the transaction, all the Optionee’s outstanding options to acquire shares of common stock of the Company shall become vested and fully exercisable immediately prior to the consummation of the transaction.]

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Cognex Corp)

Exercisability Schedule. No portion of this Share Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as described defined in Section 2 of the Plan) to accelerate the following exercisability scheduleschedule hereunder in circumstances involving the Optionee’s death or disability [and to any Company leave of absence policy in effect], this Share Stock Option shall be exercisable with respect to the following number of Option Shares on the dates indicated so long as the Optionee has served continuously as an employee of continues to be employed with the Company or a Subsidiary on such dates: 1 For ISOs 2 For NQSOs Incremental Number of Option Shares Exercisable Exercisable[*]3 Exercisability Date _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ In determining [* Max. of $100,000 per year.]4 Notwithstanding anything in this Agreement to the number contrary, in the case of vested a Sale Event, this Stock Option Shares at and the time of any exercise, the number of Option Shares shall be rounded down treated as provided in Section 3(c) of the Plan[ provided; however that the Stock Option and the Option Shares shall be subject to any executive agreement by and between the nearest whole ADS or Optionee and the nearest increment of 13 Ordinary SharesCompany, as applicable (the “Executive Agreement”)]. Once exercisable, this Share Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Guidewire Software, Inc.)

Exercisability Schedule. No portion of this Share Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as described defined in Section 2 1 of the Plan) to accelerate the following exercisability scheduleschedule hereunder, this Share Stock Option shall be exercisable with respect to the following number of Option Shares on the dates indicated so long as the Optionee has served continuously remains in a Service Relationship (as an employee of defined in the Company or a Subsidiary Plan) on such dates: Incremental Number of Option Shares Exercisable Exercisability Date _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ In determining ​ Notwithstanding anything to the number of vested Option Shares at contrary herein or in the time of any exercisePlan, the number of all outstanding Option Shares shall be rounded down become fully exercisable upon (i) the termination of the Optionee’s Service Relationship by reason ​ ​ of the Optionee’s death or disability (as determined by the Administrator) or (ii) subject to the nearest whole ADS or Optionee’s continued Service Relationship through the nearest increment consummation of 13 Ordinary Sharesa Sale Event (as defined in the Plan), immediately prior to the consummation of such Sale Event. Once exercisable, this Share Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Plug Power Inc)

Exercisability Schedule. No portion of this Share Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as described defined in Section 2 of the Plan) to accelerate the following exercisability scheduleschedule hereunder, this Share Stock Option shall be exercisable with respect to the following number of Option Shares on the dates indicated so long as the Optionee has served continuously remains in service as an employee a member of the Company or a Subsidiary Board on such dates: Incremental Number of Option Shares Exercisable Exercisability Date _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ In determining Notwithstanding the number foregoing, this Stock Options will become 100% vested (i) in the event of vested Option Shares at a termination of the time of any exercise, the number of Option Shares shall be rounded down Optionee’s service as a Director due to the nearest whole ADS Optionee’s death, Disability or Retirement, provided Optionee has continuously served as a director, employee or Consultant of the nearest increment Company or a Subsidiary for the three-year period immediately preceding the Optionee’s termination of 13 Ordinary Sharesservice and (ii) upon a Sale Event. Once exercisable, this Share Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement for Non Employee Directors (Transgenomic Inc)

Exercisability Schedule. No portion of this Share Stock Option may be exercised until such portion shall have become vested and exercisable. Except as set forth below, and subject to the discretion of the Administrator (as described in Section 2 of the Plan) to accelerate the following vesting or exercisability scheduleschedule hereunder, this Share Stock Option shall be vested and exercisable with respect to the following number of Option Shares on the dates indicated so long as the Optionee has served continuously as remains an employee of the Company or a Subsidiary on through such dates: Incremental Number of Option Shares Exercisable Exercisable1 Exercisability Date _____________ (___%) ____________ (___%) ___________ (___%) ____________ (___%) ___________ (___%) ____________ _____________ 1 As explained in Section 5(f) of the Plan, to the extent the aggregate Fair Market Value (___%determined as of the Grant Date) ____________ _____________ (___%) ____________ In determining of the number shares of vested Stock with respect to which this Stock Option Shares at becomes exercisable for the first time of by the Optionee during any exercisecalendar year exceeds $100,000, the number portion of this Award in excess of such limit will be treated as a Non-Qualified Stock Option Shares shall and will be rounded down to the nearest whole ADS or the nearest increment of 13 Ordinary Sharestaxable upon exercise. Once vested and exercisable, this Share Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan.

Appears in 1 contract

Samples: Stock Option and Incentive Plan (Cano Health, Inc.)

Exercisability Schedule. No portion of this Share Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as described defined in Section 2 of the Plan) to accelerate the following exercisability scheduleschedule hereunder, this Share Stock Option shall be exercisable with respect to the following number of Option Shares on the dates indicated below so long as the Optionee has served continuously as an employee of continues to have a Service Relationship with the Company or a Subsidiary on such dates: Incremental Number of Option Shares Exercisable Exercisable* [Exercisability Date Date] _____________ (___%) _____________ (___%) _____________ (___%) _____________ (___%) _____________ (___%) ____________ _____________ * Max. Option Share value of $100,000 per yr. Notwithstanding the foregoing, in the event of a Sale Event, upon a termination of Optionee’s Service Relationship without Cause by the Company (___%or a successor, if appropriate) ____________ _____________ (___%) ____________ In determining in connection with or within three months following the number consummation of vested Option Shares at a Sale Event, then 100% of the time of any exercise, the number of then outstanding and unvested Option Shares shall immediately be rounded down deemed vested and exercisable effective immediately prior to the nearest whole ADS or the nearest increment such termination of 13 Ordinary SharesOptionee’s Service Relationship. Once exercisable, this Share Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Pardes Biosciences, Inc.)

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Exercisability Schedule. No portion of this Share Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as described defined in Section 2 of the Plan) to accelerate the following exercisability scheduleschedule hereunder, this Share Stock Option shall be exercisable with respect to the following number of Option Shares on the dates indicated so long as Optionee has served continuously as remains an employee or service provider of the Company or a Subsidiary on such dates: Incremental Number of Option Shares Exercisable Exercisability Date _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ In determining Notwithstanding the number foregoing, this Stock Options will become 100% vested in the event of vested Option Shares at a termination of the time of any exercise, the number of Option Shares shall be rounded down Optionee’s employment or service due to the nearest whole ADS Optionee’s death, Disability or Retirement, provided Optionee has continuously served as a director, employee or Consultant of the nearest increment Company or a Subsidiary for the three-year period immediately preceding the Optionee’s termination of 13 Ordinary Sharesemployment or service. Once exercisable, this Share Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement for Company Employees (Transgenomic Inc)

Exercisability Schedule. No portion of this Share Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as described defined in Section 2 of the Plan) to accelerate the following exercisability scheduleschedule hereunder, this Share Stock Option shall be exercisable with respect to the following number of Option Shares on the dates indicated so long as the Optionee has served continuously as remains an employee of the Company or a Subsidiary on such dates: Incremental Number of Option Shares Exercisable Exercisable* Exercisability Date _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ In determining * Max. of $100,000 per yr. Notwithstanding the number foregoing, this Stock Options will become 100% vested in the event of vested Option Shares at a termination of the time of any exercise, the number of Option Shares shall be rounded down Optionee’s employment due to the nearest whole ADS Optionee’s death, Disability or Retirement, provided Optionee has continuously served as a director, employee or Consultant of the nearest increment Company or a Subsidiary for the three-year period immediately preceding the Optionee’s termination of 13 Ordinary Sharesemployment and that the Optionee was an employee of the Company or a Subsidiary on the Grant Date. Once exercisable, this Share Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Transgenomic Inc)

Exercisability Schedule. No portion of this Share Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as described defined in Section 2 1 of the Plan) to accelerate the following exercisability scheduleschedule hereunder, this Share Stock Option shall be exercisable with respect to the following number of Option Shares on the dates indicated so long as the Optionee has served continuously remains in a Service Relationship (as an employee of defined in the Company or a Subsidiary Plan) on such dates: Incremental Number of Option Shares Exercisable Exercisability Date _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ In determining ​ Notwithstanding anything to the number of vested Option Shares at contrary herein or in the time of any exercisePlan, the number of all outstanding Option Shares shall be rounded down to become fully exercisable upon the nearest whole ADS termination of the Optionee’s Service Relationship by reason of the Optionee’s death or disability (as determined by the nearest increment Administrator). In addition, if the ​ ​ ​ Optionee’s Service Relationship is terminated by the Company without Cause (as defined below)[ or by the Optionee for Good Reason (as defined in the employment or other service agreement between the Grantee and the Company), in either case]1 upon or within 12 months following a Sale Event, all outstanding Option Shares shall become fully exercisable as of 13 Ordinary Sharesthe date of such termination. The Administrator may at any time accelerate the vesting schedule specified in this Paragraph 1. Once exercisable, this Share Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Plug Power Inc)

Exercisability Schedule. No portion of this Share Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as described defined in Section 2 of the Plan) to accelerate the following exercisability scheduleschedule hereunder, this Share Stock Option shall be exercisable with respect to the following number of Option Shares on the dates indicated so long as the Optionee has served continuously as an employee of continues to have a Service Relationship with the Company or a Subsidiary (as defined in the Plan) on such dates: Incremental Number of Option ofOption Shares Exercisable Exercisability Date (___%) ____________ (___%) ____________ (___%) ____________ (___%) ____________ _____________ (___%) ____________ _____________ For purposes hereof, “Service Relationship” means any relationship as a full-time employee, part-time employee or director of the Company or any Subsidiary or any successor entity (___%) ____________ _____________ (___%) ____________ In determining the number of vested Option Shares at the time of any exercisee.g., the number of Option Shares a Service Relationship shall be rounded down deemed to continue without interruption in the nearest whole ADS event an individual’s status changes from full-time employee to part-time employee or the nearest increment of 13 Ordinary SharesNon-Employee Director). Once exercisable, this Share Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Insulet Corp)

Exercisability Schedule. No portion of this Share Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as described defined in Section 2 of the Plan) to accelerate the following exercisability scheduleschedule hereunder in circumstances involving the Optionee’s death or disability [and to any Company leave of absence policy in effect], this Share Stock Option shall be exercisable with respect to the following number of Option Shares on the dates indicated so long as the Optionee has served continuously as an employee of continues to be employed with the Company or a Subsidiary an Affiliate on such dates: Incremental Number of Option Shares Exercisable Exercisable[*] Exercisability Date _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ In determining Notwithstanding anything in this Agreement to the number contrary, in the case of vested a Sale Event, this Stock Option Shares at and the time of any exercise, the number of Option Shares shall be rounded down treated as provided in Section 3(c) of the Plan[ provided; however that the Stock Option and the Option Shares shall be subject to any executive agreement by and between the nearest whole ADS or Optionee and the nearest increment of 13 Ordinary SharesCompany, as applicable (the “Executive Agreement”)]. Once exercisable, this Share Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan. For the avoidance of doubt, being employed with the Company or an Affiliate for only a portion of the vesting period, but where the Optionee’s employment has terminated prior to a vesting date, will not entitle the Optionee to vest in and exercise a pro-rata portion of this Stock Option on such vesting date or any future vesting date.

Appears in 1 contract

Samples: Global Stock Option Agreement (Guidewire Software, Inc.)

Exercisability Schedule. The Optionee shall have no rights to this Stock Option unless he or she shall have accepted the Stock Option electronically through the Company’s Stock Plan Administration System. No portion of this Share Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as described defined in Section 2 of the Plan) to accelerate the following exercisability scheduleschedule hereunder, this Share Stock Option shall be exercisable with respect to the following number of Option Shares on the dates indicated so long as Optionee has served continuously as remains an employee of the Company or a Subsidiary on such dates: Incremental Number of Option Shares Exercisable Exercisability Date _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ In determining the number of vested Option Shares at the time of any exercise, the number of Option Shares shall be rounded down to the nearest whole ADS or the nearest increment of 13 Ordinary Shares. Once exercisable, this Share Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Boston Private Financial Holdings Inc)

Exercisability Schedule. No portion of this Share Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as described defined in Section 2 of the Plan) to accelerate the following exercisability scheduleschedule hereunder, this Share Stock Option shall be exercisable with respect to the following number of Option Shares on the dates indicated indicated, so long as the Optionee has served continuously as remains an employee of the Company or a Subsidiary on through each such datesdate: Incremental Number of Option Shares Exercisable Exercisability Date _____________ (___%) ____________ _____________ (___%) _______ ______________________ _____________ (___%) _______ ______________________ _____________ (___%) _______ ______________________ _____________ (___%) ____________ In determining Notwithstanding the number foregoing, in the event of vested (i) the termination of the Optionee’s service as an employee of the Company or a Subsidiary because of the Optionee’s death, disability or Retirement, or (ii) a Change of Control of the Company as defined in Section 19 of the Plan, this Stock Option Shares shall become immediately exercisable in full, whether or not exercisable at the time of any exercise, the number of Option Shares shall be rounded down to the nearest whole ADS or the nearest increment of 13 Ordinary Sharessuch time. Once exercisable, this Share Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Boston Private Financial Holdings Inc)

Exercisability Schedule. No portion of this Share Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as described defined in Section 2 of the Plan) to accelerate the following exercisability scheduleschedule hereunder, this Share Stock Option shall be exercisable with respect to the following number of Option Shares on the dates indicated below so long as the Optionee has served continuously as an employee of continues to have a Service Relationship with the Company or a Subsidiary on such dates: Incremental Number of Option Shares Exercisable Exercisability Date _____________ (___%) _____________ (___%) _____________ (___%) _____________ (___%) _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ In determining Notwithstanding the number foregoing, in the event of vested Option Shares at a Sale Event, 100% of the time of any exercise, the number of then-outstanding and unvested Option Shares shall immediately be rounded down deemed vested and exercisable on the date of such Sale Event; provided, that the Optionee continues to have a Service Relationship with the nearest whole ADS Company or a Subsidiary until the nearest increment date of 13 Ordinary Sharessuch Sale Event. Once exercisable, this Share Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Rocket Lab USA, Inc.)

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