Exercisability Schedule. No portion of the Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Committee to accelerate the exercisability schedule hereunder, the Stock Option shall be exercisable with respect to the following number of Option Shares on the dates indicated: Incremental Number of Option Shares Exercisable Exercisability Date Once exercisable, the 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. Notwithstanding anything herein to the contrary or in the Plan, in the event of a Change of Control, the Stock Option shall become fully exercisable as of the effective time of the Change of Control.
Appears in 9 contracts
Sources: Non Qualified Stock Option Agreement (Mri Interventions, Inc.), Incentive Stock Option Agreement (Mri Interventions, Inc.), Non Qualified Stock Option Agreement (Mri Interventions, Inc.)
Exercisability Schedule. No portion of the Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Committee to accelerate the exercisability schedule hereunder, the Stock Option shall be exercisable with respect to the following number of Option Shares on the dates indicated: Incremental Number of Option Shares Exercisable Exercisability Date (____%) (____%) (____%) Once exercisable, the 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. Notwithstanding anything herein to the contrary or in the Plan, in the event of a Change of Control, the Stock Option shall become fully exercisable as of the effective time of the Change of Control.
Appears in 3 contracts
Sources: Non Qualified Stock Option Agreement (Mri Interventions, Inc.), Stock Option Agreement (Mri Interventions, Inc.), Non Employee Director Award Agreement (Mri Interventions, Inc.)
Exercisability Schedule. No portion of the Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Committee to accelerate the exercisability schedule hereunder, the Stock Option shall be exercisable with respect to the following number of Option Shares on the dates indicated: Incremental Number of Option Shares Exercisable Exercisability Date ( %) ( %) ( %) Once exercisable, the 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. Notwithstanding anything herein to the contrary or in the Plan, in the event of a Change of Control, the Stock Option shall become fully exercisable as of the effective time of the Change of Control.
Appears in 2 contracts
Sources: Non Qualified Stock Option Agreement (Surgivision Inc), Non Qualified Stock Option Agreement (Surgivision Inc)
Exercisability Schedule. No portion of the this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Committee (as defined in Section 1 of the Plan) to accelerate the exercisability schedule hereunder, the this Stock Option shall be exercisable with respect to the following number of Option Shares on the dates indicated: Incremental Number of Option Shares Exercisable Exercisability Date ( %) ( %) ( %) ( %) ( %) Once exercisable, the this 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. Notwithstanding anything herein to [Upon the contrary or in the Plan, in the event occurrence of a Change Sale Event, [β]% of Control, the unexercisable portion of this Stock Option shall become fully exercisable as of at the effective time of the Change of Controlsuch Sale Event.]
Appears in 1 contract
Sources: Non Qualified Stock Option Agreement (TechTarget Inc)