Exercise of this Option Sample Clauses
Exercise of this Option. 3.1 This Option shall become exercisable in accordance with and to the extent provided by the terms and provisions of Paragraph s 6 and 7 of the Plan.
3.2 Unless earlier terminated in accordance with the terms and provisions of the Plan, this Option shall expire and shall no longer be exercisable after the expiration of ten years from the Grant Date (the "Option Period").
3.3 In no event shall this Option be exercisable for a fractional share of Common Stock.
Exercise of this Option. 4.1 In accordance with and to the extent provided by the terms and provisions of Article 5 of the Plan, unless otherwise provided in Section 4.4 below or determined by the Committee, this Option shall become exercisable in accordance with the terms set forth on Exhibit A.
4.2 Unless earlier terminated in accordance with the terms and provisions of the Plan and/or this Agreement, this Option shall expire and shall no longer be exercisable after the expiration of seven years from the Grant Date (the “Option Period”).
4.3 In no event shall this Option be exercisable for a fractional share of Common Stock.
Exercise of this Option. 4.1 Unless the exercisability of any Option is accelerated under the terms of the Plan or this Agreement, all Options not theretofore terminated will become exercisable as follows: (i) one-third of the Option Shares (rounded to the nearest whole number of shares) will become exercisable on the first anniversary of the Grant Date (ii) one-third of the Option Shares (rounded to the nearest whole number of shares) will become exercisable on the second anniversary of the Grant Date and (iii) the remainder of the Option Shares will become exercisable on the third anniversary of the Grant Date.
4.2 Unless earlier terminated in accordance with the terms of the Plan or this Agreement, all Options will expire and no longer be exercisable upon the tenth anniversary of the Grant Date (the “Expiration Date”).
4.3 In no event will any Option be exercisable for a fractional share of Common Stock.
4.4 If the Optionee remains employed by the Corporation or any of its Subsidiaries through the Expiration Date, the Options may be exercised to the extent exercisable until the close of trading (generally 4:00 p.m. New York time) on the last trading day falling within the exercise period on the New York Stock Exchange or, if different, the principal stock exchange on which the Common Stock is then listed. Thus if the Expiration Date is not a trading day, then the last day the Stock Options may be exercised is the last trading day preceding the Expiration Date.
Exercise of this Option. 4.1 Unless otherwise provided in Section 4.4 below or determined by the Committee, this Option shall become exercisable in accordance with and to the extent provided by the terms and provisions of Section 6.5 of the Plan.
4.2 Unless earlier terminated in accordance with the terms and provisions of the Plan and/or this Agreement, this Option shall expire and shall no longer be exercisable after the expiration of the lesser of (a) ten (10) years, measured from the date immediately preceding the date on which the Option was granted, or (b) with respect to any Option Shares, seven (7) years from the applicable vesting date as set forth in Section 4.4 hereof ( the “Option Period”).
4.3 In no event shall this Option be exercisable for a fractional share of Common Stock.
4.4 This Option shall be exercisable according to the following: vesting schedule: 2,250,000 Option Shares shall vest on October 25,2016.
Exercise of this Option. 4.1 Unless otherwise provided in this Section 4 or determined by the Committee, this Option shall be come vested and exercisable as follows:
4.2 Unless earlier terminated in accordance with the terms and provisions of the Plan and/or this Agreement, this Option shall expire and shall no longer be exercisable after the expiration of ten years from the Grant Date (the “Option Period”).
4.3 In no event shall this Option be exercisable for a fractional share of Common Stock.
Exercise of this Option. 4.1 Unless the exercisability of any Option is accelerated under the terms of the Plan or this Agreement, all Options not theretofore terminated will become exercisable as of the second anniversary of the Grant Date.
4.2 Unless earlier terminated in accordance with the terms of the Plan or this Agreement, all Options will expire and no longer be exercisable upon the tenth anniversary of the Grant Date (the “Expiration Date”).
4.3 In no event will any Option be exercisable for a fractional share of Common Stock.
4.4 If the Optionee remains employed by the Corporation or any of its Subsidiaries through the Expiration Date, the Options may be exercised to the extent exercisable until the close of trading (generally 4:00 p.m. New York time) on the last trading day falling within the exercise period on the New York Stock Exchange or, if different, the principal stock exchange on which the Common Stock is then listed. Thus if the Expiration Date is not a trading day, then the last day the Stock Options may be exercised is the last trading day preceding the Expiration Date.
Exercise of this Option. 4.1 Unless otherwise provided in Section 4.4 below or determined by the Committee, this Option shall become exercisable in accordance with and to the extent provided by the terms and provisions of Article V of the Plan.
4.2 Unless earlier terminated in accordance with the terms and provisions of the Plan and/or this Agreement, this Option shall expire and shall no longer be exercisable after the expiration of ten (10) years from the Grant Date (the “Option Period”).
4.3 In no event shall this Option be exercisable for a fractional share of Common Stock.
4.4 The Option shall vest [INSERT APPLICABLE VESTING CONDITIONS], provided that Optionee remains continuously engaged as a director, officer, or employee of, or consultant or advisor to, the Company or an affiliate thereof from the date hereof through the applicable vesting date.
Exercise of this Option. 4.1 This Option shall become exercisable as follows:
· 33 1 3%, on the first anniversary of the Grant Date, provided the Optionee is then employed by or performing services at such time for the Company and/or one of its Subsidiaries;
· 66 2 3%, on the second anniversary of the Grant Date, provided the Optionee is then employed by or performing services at such time for the Company and/or one of its Subsidiaries; and · 100%, on the third anniversary of the Grant Date, provided the Optionee is then employed by or performing services at such time for the Company and/or one of its Subsidiaries.
4.2 Unless earlier terminated in accordance with the terms and provisions of the Plan and/or this Agreement, this Option shall expire and shall no longer be exercisable after the expiration of ten years from the Grant Date (the “Option Period”).
4.3 In no event shall this Option be exercisable for a fractional share of Common Stock.
4.4 Upon an Optionee’s death or disability (as determined under the Company’s long-term disability plan), this Option shall become 100% exercisable under this Agreement as of such date.
Exercise of this Option. 3.1 This Option shall become exercisable in accordance with and to the extent provided by
Exercise of this Option. 4.1 Unless otherwise provided in Section 4.4 below or determined by the Committee, this Option shall become exercisable in accordance with and to the extent provided by the terms and provisions of Section 6.5 of the Plan.
4.2 Unless earlier terminated in accordance with the terms and provisions of the Plan and/or this Agreement, this Option shall expire and shall no longer be exercisable after the expiration of the lesser of (a) ten (10) years, measured from the date immediately preceding the date on which the Option was granted, or (b) with respect to any Option Shares, seven (7) years from the applicable vesting date as set forth in Section 4.4 hereof ( the “Option Period”).
4.3 In no event shall this Option be exercisable for a fractional share of Common Stock.
4.4 This Option shall be exercisable according to the following vesting schedule: (i) 1,000,000 Option Shares shall vest on March 18, 2017; (2) 1,000,000 Option Shares shall vest on March 18, 2018 and (3) 1,000,000 Option Shares shall vest on March 18, 2019 provided, however, that upon a Change in Control of the Company, the Option Shares will vest immediately.