Number of Shares Exercisable Sample Clauses

Number of Shares Exercisable. Each exercise of an Option hereunder shall reduce the total number of Option Shares that may thereafter be purchased under this Option.
Number of Shares Exercisable. Each exercise of an Option hereunder shall reduce, pro tanto, the total number of Shares that may thereafter be purchased under such Option.
Number of Shares Exercisable. Notwithstanding all Options having been vested, the number of Options exercisable by the Optionee under subsection 6(d) shall be adjusted in accordance to the number of years the Optionee has been with the Company. The Optionee shall be entitled to exercise 100% of the vested Options if the employment or contractual relationship with the Company was terminated after three years. The Optionee shall otherwise only be entitled to exercise 25% of the vested Options on a pro rata basis for each year the Optionee is employed or in a contractual relationship with the Company starting at the beginning of each year.
Number of Shares Exercisable. Each exercise of this Option shall reduce, by an equal number, the total number of Shares that may thereafter be purchased under this Option, but shall not affect the exercise of any other options granted by the Committee and held by the Optionee.
Number of Shares Exercisable. The Consideration Shares Put shall be for the aggregate number of Consideration Shares set forth in the Put Notices, provided that the maximum number of Consideration Shares exercisable, in the aggregate, shall be an amount of shares of Purchaser Common Stock equal to the Consideration Shares divided by the Exercise Price (the "Exercise Shares").
Number of Shares Exercisable. On Expiration Date or After ---------------- -------------- ---------------- Notwithstanding anything to the contrary that may be contained in this Agreement, the Option shall be exercisable at any time after the fifth (5th) anniversary of the date hereof, but in no event shall any Shares be purchasable under this Agreement after the respective expiration date or dates specified in the above table ("Expiration Date"). Except as provided in subparagraph 1 (c) hereof, the Option shall cease to be exercisable on the date the Optionee voluntarily or involuntarily terminates services as an employee of the Company or any subsidiary of the Company, and all rights of the Optionee and any NQSO Permitted Transferee (as defined in paragraph 3 below) shall thereupon terminate. For purposes of this Agreement, a subsidiary of the company is a "subsidiary corporation" as defined in Section 424 (f) of the Code or, with respect to a Non-Qualified Option, any partnership of which the Company or any subsidiary of the Company is a general partner.

Related to Number of Shares Exercisable

  • Number of Shares; Exercise Price This certifies that, for value received, the United States Department of the Treasury or its permitted assigns (the “Warrantholder”) is entitled, upon the terms and subject to the conditions hereinafter set forth, to acquire from the Company, in whole or in part, after the receipt of all applicable Regulatory Approvals, if any, up to an aggregate of the number of fully paid and nonassessable shares of Common Stock set forth in Item 6 of Schedule A hereto, at a purchase price per share of Common Stock equal to the Exercise Price. The number of shares of Common Stock (the “Shares”) and the Exercise Price are subject to adjustment as provided herein, and all references to “Common Stock,” “Shares” and “Exercise Price” herein shall be deemed to include any such adjustment or series of adjustments.

  • NUMBER OF SHARES AND EXERCISE PRICE The number of shares of Common Stock subject to your option and your exercise price per share referenced in your Grant Notice may be adjusted from time to time for Capitalization Adjustments.

  • Number of Shares Subject to any previous exercise of the Warrant, the Holder shall have the right to purchase up to [ ] Shares, as may be adjusted pursuant hereto prior to (or in connection with) the expiration of this Warrant as provided in Section 8.

  • Adjustment of Exercise Price, Number of Shares or Number of Rights The Exercise Price, the number and kind of shares or other property covered by each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11.

  • Adjustment of Exercise Price and Number of Shares The number of and kind of securities purchasable upon exercise of this Warrant and the Exercise Price shall be subject to adjustment from time to time as follows:

  • Number of Shares Issuable upon Exercise From and after the Issue Date through and including the Expiration Date, the Holder hereof shall be entitled to receive, upon exercise of this Warrant in whole in accordance with the terms of subsection 1.2 or upon exercise of this Warrant in part in accordance with subsection 1.3, shares of Common Stock of the Company, subject to adjustment pursuant to Section 4.

  • Adjustment of Exercise Price and Number of Shares upon Issuance of Common Stock Except as otherwise provided in Paragraphs 4(c) and 4(e) hereof, if and whenever on or after the date of issuance of this Warrant, the Company issues or sells, or in accordance with Paragraph 4(b) hereof is deemed to have issued or sold, any shares of Common Stock for no consideration or for a consideration per share (before deduction of reasonable expenses or commissions or underwriting discounts or allowances in connection therewith) less than the Market Price on the date of issuance (a "Dilutive Issuance"), then immediately upon the Dilutive Issuance, the Exercise Price will be reduced to a price determined by multiplying the Exercise Price in effect immediately prior to the Dilutive Issuance by a fraction, (i) the numerator of which is an amount equal to the sum of (x) the number of shares of Common Stock actually outstanding immediately prior to the Dilutive Issuance, plus (y) the quotient of the aggregate consideration, calculated as set forth in Paragraph 4(b) hereof, received by the Company upon such Dilutive Issuance divided by the Market Price in effect immediately prior to the Dilutive Issuance, and (ii) the denominator of which is the total number of shares of Common Stock Deemed Outstanding (as defined below) immediately after the Dilutive Issuance.

  • Adjustment of Exercise Price, Number of Shares of Common Stock or Number of the Company Warrants The Exercise Price, the number of shares covered by each Warrant and the number of Warrants outstanding are subject to adjustment from time to time as provided in Section 3 of the Warrant Certificate. In the event that at any time, as a result of an adjustment made pursuant to Section 3 of the Warrant Certificate, the Holder of any Warrant thereafter exercised shall become entitled to receive any shares of capital stock of the Company other than shares of Common Stock, thereafter the number of such other shares so receivable upon exercise of any Warrant shall be subject to adjustment from time to time in a manner and on terms as nearly equivalent as practicable to the provisions with respect to the shares contained in Section 3 of the Warrant Certificate and the provisions of Sections 7, 11 and 12 of this Agreement with respect to the shares of Common Stock shall apply on like terms to any such other shares. All Warrants originally issued by the Company subsequent to any adjustment made to the Exercise Price pursuant to the Warrant Certificate shall evidence the right to purchase, at the adjusted Exercise Price, the number of shares of Common Stock purchasable from time to time hereunder upon exercise of the Warrants, all subject to further adjustment as provided herein.

  • Adjustment of Exercise Price, Number and Kind of Shares or Number of Rights The Exercise Price, the number and kind of shares covered by each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11.