Common use of Option Exercise Period Clause in Contracts

Option Exercise Period. (a) Subject to the provisions of Sections 6(a), 6(b), and 7, the Option shall become exercisable as to the number of shares and on the dates specified in the exercise schedule at the beginning of this Agreement and in Section 4. The exercise schedule shall be cumulative, which means that to the extent the Option has not already been exercised and has not expired, terminated, or been canceled, Employee may at any time and from time to time purchase all or any portion of the Common Shares then purchasable under the exercise schedule.

Appears in 5 contracts

Samples: Computer Network Technology Corp, Computer Network Technology Corp, Computer Network Technology Corp

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Option Exercise Period. (a) Subject to the provisions of Sections 6(a5(a), 6(b5(b), and 76, the Option shall become exercisable as to the number of shares and on the dates specified in the exercise schedule at the beginning of this Agreement and in Section 4Agreement. The exercise schedule shall be cumulative, which means that to the extent the Option has not already been exercised and has not expired, terminated, or been canceledcancelled, Employee may at any time and from time to time purchase all or any portion of the Common Shares then purchasable under the exercise schedule.

Appears in 3 contracts

Samples: Qualified Stock Option Agreement (Computer Network Technology Corp), Qualified Stock Option Agreement (Computer Network Technology Corp), Incentive Stock Option Agreement (Computer Network Technology Corp)

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Option Exercise Period. (a) Subject to the provisions of Sections 6(a), 6(b), and 7, the Option shall become exercisable as to the number of shares and on the dates specified in the exercise schedule at the beginning of this Agreement and Agreement, as limited in Section 4. The exercise schedule shall be cumulative, which means that to the extent the Option has not already been exercised and has not expired, terminated, or been canceled, Employee may at any time and from time to time purchase all or any portion of the Common Shares then purchasable under the exercise schedule.

Appears in 1 contract

Samples: Computer Network Technology Corp

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