Common use of Limits on Exercise Clause in Contracts

Limits on Exercise. Subject to the other provisions of these Rules, an Option shall be exercisable in its entirety at grant or at such times and in such amounts as are specified in the Option Agreement. Notwithstanding the terms of the Rules and any Option Agreement, as amended, in the event that the shares of the Company are de-listed from the London Stock Exchange and the New York Stock Exchange, all unvested Options shall vest immediately prior to such de-listing. For the purposes of this Rule an Option is "unvested" if it is not exercisable and an Option vests when it becomes exercisable for the first time.