Common use of Exercise of the Options Clause in Contracts

Exercise of the Options. (a) Subject to the provisions of the Plan and this Agreement (including Section 4 hereof), the Optionee may exercise all or a portion of the vested Options at any time prior to the tenth anniversary of the Date of Grant (the “Expiration Date”); provided that Options may be exercised with respect to whole Shares only; and provided further that Options may not be exercised at any one time as to fewer than 100 Shares (or such number of Shares as to which the Options are then exercisable if such number is less than 100). In no event shall the Options be exercisable on or after the Expiration Date.

Appears in 3 contracts

Samples: Nonqualified Stock Option Agreement (Nasdaq Stock Market Inc), Nonqualified Stock Option Agreement (Nasdaq Stock Market Inc), Nonqualified Stock Option Agreement (Nasdaq Stock Market Inc)

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Exercise of the Options. (a) Subject to the provisions of the Plan and this Option Agreement (including Section 4 hereof), the Optionee may exercise all or a portion of the vested Options Option at any time prior to the tenth anniversary of the Date of Grant (the "Expiration Date"); provided that Options the Option may be exercised with respect to whole Shares only; and provided further that Options the Option may not be exercised at any one time as to fewer than 100 Shares (or such number of Shares as to which the Options are portion of the Option is then exercisable if such number is less than 100). In no event shall any portion of the Options Option be exercisable on or after the Expiration Date.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Nasdaq Stock Market Inc)

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