Initial Exercisability. Subject to paragraph 5 below, the Options, to the extent that there has been no Termination of Service and the Options have not otherwise expired or been forfeited, shall first become exercisable (unless sooner exercisable in accordance with Section 15 of the Plan) as follows: For the Period Ending Percent of Total Options First Exercisable
Initial Exercisability. Subject to paragraph 5 below, the Option, to the extent that there has been no Termination of Service and the Option has not otherwise expired or been forfeited, shall first become exercisable as follows: For the Period Ending On Percent of the Grant Exercisable [___] [___] [___] [___] [___] [___]
Initial Exercisability. The Rights will not be exercisable until the earlier of (i) ten business days after a public announcement that a person has become an “Acquiring Person” by acquiring beneficial ownership of 4.9% or more of our outstanding common stock, or, in the case of a person that had beneficial ownership of 4.9% or more of our outstanding common stock upon execution of the Plan, by obtaining beneficial ownership of additional shares of common stock or (ii) ten business days (or such later date as may be specified by the Board prior to such time as any person becomes an Acquiring Person) after the commencement of a tender or exchange offer by or on behalf of a person that, if completed, would result in such person becoming an Acquiring Person. We refer to the date that the Rights become exercisable as the “Distribution Date.” Until the Distribution Date, our common stock certificates or the ownership statements issued with respect to uncertificated shares of common stock will evidence the Rights. Any transfer of shares of common stock prior to the Distribution Date will also constitute a transfer of the associated Rights. After the Distribution Date, separate rights certificates will be issued and the Rights may be transferred other than in connection with the transfer of the underlying shares of common stock unless and until our Board has determined to effect an exchange pursuant to the Plan (as described below).
Initial Exercisability. (a) Subject to paragraph 5 below, the Option, to the extent that there has been no termination of the Optionee’s employment and the Option has not otherwise expired or been forfeited, shall become exercisable as follows: For the Period Ending On Percent of the Grant Exercisable August 12, 2005 25% August 12, 2006 25% August 12, 2007 25% August 12, 2008 25%
Initial Exercisability. Subject to Paragraph 5 below, the Option, to the extent that there has been no Termination of Service and the Option has not otherwise expired or been forfeited, shall first become exercisable as follows: For the Period Ending On: Percent of the Grant Exercisable [ ] 33.33% [ ] 33.33% [ ] 33.34%
Initial Exercisability. (a) Subject to paragraph 5 below, the Option, to the extent that there has been no termination of the Optionee’s employment and the Option has not otherwise expired or been forfeited, shall become exercisable as follows: For the Period Ending On Percent of the Grant Exercisable [first anniversary of the date of the agreement] 25 % [second anniversary of the date of the agreement] 25 % [third anniversary of the date of the agreement] 25 % [fourth anniversary of the date of the agreement] 25 %
Initial Exercisability. This option may be first exercised as to any or all of the Shares subject to this option on or after _________, 20__.
Initial Exercisability. This option may be exercised as to any or all of the Shares subject to this option six months subsequent to the Date of Grant.
Initial Exercisability. Subject to Paragraph 7 below, the Option, to the extent that there has been no termination of the Optionee's employment and the Option has not otherwise expired or been forfeited, shall first become exercisable as follows: For the period ending Percent of the Grant --------------------- Exercisable ----------- First Anniversary of Effective Date 25% Second Anniversary of Effective Date 25% Third Anniversary of Effective Date 25% Fourth Anniversary of Effective Date 25%
Initial Exercisability. Subject to paragraph 5 below, the Option, to the extent that there has been no termination of the Optionee's service and the Option has not otherwise expired or been forfeited, shall first become exercisable (i) as to 25% of the original number of shares of Common Stock on April 1, 2000, and (ii) as to an additional 6.25% of the original number of shares of Common Stock at the end of each successive full three-month period following April 1, 2000 (until April 1, 2003).
