Common use of Initial Exercisability Clause in Contracts

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

Appears in 1 contract

Sources: Option Award Agreement (Provident Mortgage Capital Associates, Inc.)

Initial Exercisability. Subject to paragraph 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 On: Percent of the Grant Exercisable

Appears in 1 contract

Sources: Option Award Agreement (Quotient LTD)

Initial Exercisability. Subject to paragraph 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 On: Percent of the Grant ExercisableExercisable February 5, 2021 33.33 % February 5, 2022 33.33 % February 5, 2023 33.34 %

Appears in 1 contract

Sources: Option Award Agreement (Quotient LTD)

Initial Exercisability. Subject to paragraph Paragraphs 4 and 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 On: Percent of the Grant Exercisable

Appears in 1 contract

Sources: Option Award Agreement (Nordic Realty Trust, Inc.)