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 3.1 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 _________ years from the Vesting Date (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 vest and become exercisable according to the following vesting schedule: ● ___________________.
Appears in 1 contract
Sources: Non Statutory Stock Option Agreement (China Jo-Jo Drugstores, Inc.)
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 3.1 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 Vesting Date (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 vest and become be exercisable according to the following following: vesting schedule: ● ___________________2,250,000 Option Shares shall vest on October 25,2016.
Appears in 1 contract
Sources: Incentive Stock Option Agreement (Plastic2Oil, Inc.)
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 3.1 6.6 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 _________ two years from the Vesting Grant Date (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 vest and become exercisable according to the following vesting schedule: ● · ___________________._________
Appears in 1 contract
Sources: Non Qualified Stock Option Agreement (China Pharma Holdings, Inc.)