Common use of Exercisability Clause in Contracts

Exercisability. (i) Except as provided below, if the Optionee's employment by the Company is terminated, the Option granted to the Optionee hereunder shall be exercisable only to the extent that the right to purchase shares under such Option has accrued and is in effect on the date the Optionee's employment by the Company is terminated.

Appears in 29 contracts

Samples: Green Mountain (Green Mountain Coffee Inc), Stock Option Agreement (Green Mountain Coffee Inc), Stock Option Agreement (Green Mountain Coffee Inc)

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Exercisability. (i) Except as provided below, if the Optionee's employment by the Company is terminated, the an Option granted to an optionee whose employment, for the Optionee hereunder Company or any of its subsidiaries, is terminated voluntarily by the optionee or is terminated with or without cause by the Company, shall be exercisable only to the extent that the right to purchase shares Common Shares under such Option has accrued and is in effect on the date the Optioneesuch optionee's employment by employment, for the Company or any such subsidiary, is terminated.

Appears in 1 contract

Samples: Intercell International Corp

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Exercisability. (i) Except as provided below, if the Optionee's services or employment by the Company is are terminated, the Option granted to the Optionee hereunder shall be exercisable exer cisable only to the extent that the right to purchase shares Shares under such Option has accrued and is in effect on the date the Optionee's services or employment by the Company is are terminated.

Appears in 1 contract

Samples: Green Mountain (Green Mountain Coffee Inc)

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