Requirements for Exercise Vesting Sample Clauses

Requirements for Exercise Vesting a. Except as otherwise specified herein, all Options shall be exercisable as follows: (i) 25% on the date of this Agreement; and (ii) the remaining 75% as follows:
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Requirements for Exercise Vesting a. Except as otherwise specified herein, all Options shall be exercisable as follows: (i) 25% on the date of this Agreement; and (ii) the remaining 75% as follows: Percentage of Option That Shall Vesting Date Become Exercisable on Such Date ------------- -------------------------------- October 19, 1999 25% October 19, 2000 25% October 19, 2001 25%
Sample 1
Requirements for Exercise Vesting. The entire Option is fully vested and immediately exercisable from and after the Grant Date, and shall continue to be vested and exercisable until expiration or termination of the Option as provided in Section 6 except that no part of the Option may be exercised until such time as the Company has amended it Articles of Incorporation, as amended, to increase it authorized shares of Common Stock to at least 150 million shares. If at any time the number of shares of Common Stock that are covered by the Option includes a fractional share, the number of shares of Common Stock as to which the Option shall be actually vested and exercisable shall be rounded (up or down) to the next whole share of Common Stock.
Sample 1
Requirements for Exercise Vesting. Except as provided otherwise in this Agreement, the Option shall not become exercisable until the Option Holder has completed one full year of continuous employment after the Grant Date. Thereafter, the Option shall become vested and exercisable in increments, in accordance with the following schedule, so long as the Option Holder has remained in the continuous employment of the Company from the Grant Date until the Vesting Date: Employment Vesting Date Percentage of Option That Becomes Vested and Exercisable on Each Date First Anniversary of Grant Date 20% Second Anniversary of Grant Date an additional 20% Third Anniversary of Grant Date an additional 20% Fourth Anniversary of Grant Date an additional 20% Fifth Anniversary of Grant Date an additional 20% Except as set forth in Section 4 and Section 5 of this Agreement, the Option shall not be exercisable as to any shares of Stock as to which the vesting requirements of this Section 2 have not be satisfied, regardless of the circumstances under which the Option Holder's employment by the Company shall be terminated. The number of shares of Stock as to which the Option may be exercised shall be cumulative, so that once the Option shall become vested and exercisable as to any shares of Stock it shall continue to be vested and exercisable as to such shares, until expiration or termination of the Option as provided in Section 4 or Section 5 hereof. If at any time the number of shares of Stock that are covered by the vested and exercisable portion of the Option includes a fractional share, the number of shares of Stock as to which the Option shall be actually vested and exercisable shall be rounded down to the next whole share of Stock.
Sample 1
Requirements for Exercise Vesting. The Option shall become exercisable in __% increments, with __% becoming exercisable on _______________, an additional __% becoming exercisable on _____________, an additional __% becoming exercisable on ________________ and the entire Option becoming exercisable on ______________, provided the Option Holder is in the employ of the Company on such dates.
Sample 1
Requirements for Exercise Vesting. The Option shall vest and become exercisable as provided on the following schedules Employment Related Vesting 12,500 of the Options shall vest and become exercisable on January 1, 2005 if the Option Holder has been continuously engaged by the Company from the date hereof pursuant to the Agreement until December 31, 2004. 12,500 of the Options shall vest and become exercisable on January 1, 2006 if the Option Holder has been continuously engaged by the Company from the date hereof pursuant to the Agreement until December 31, 2005. 12,500 of the Options shall vest and become exercisable on January 1, 2007 if the Option Holder has been continuously engaged by the Company from the date hereof pursuant to the Agreement until December 31, 2006. Company Performance Based Vesting 12,500 of the Options shall vest and become exercisable on January 1, 2005 upon subject to the attainment by the Company of either of the following percentages of the GAAP EBITDA contained in the Business Plan that was approved and adopted by the Board for the year 2004, or 50% of Target APC, whichever is greater: Attained Percentage of GAAP EBITDA in the Business Plan approved and adopted by the Board for the year 2004 Percentage of Option Exercisable Upon Achievement of Performance Criteria Options Exercisable 100% 100% 12,500 At least 50% of the Target APC 50% 6,250 12,500 of the Options shall vest and become exercisable on January 1, 2006 upon subject to the attainment by the Company of either of the following percentages of the GAAP EBITDA contained in the Business Plan that was approved and adopted by the Board for the year 2005, or 50% of Target APC, whichever is greater: Attained Percentage of GAAP EBITDA in the Business Plan approved and adopted by the Board for the year 2005 Percentage of Option Exercisable Upon Achievement of Performance Criteria Options Exercisable 100% 100% 12,500 At least 50% of the Target APC 50% 6,250 12,500 of the Options shall vest and become exercisable on January 1, 2007 upon subject to the attainment by the Company of either of the following percentages of the GAAP EBITDA contained in the Business Plan that was approved and adopted by the Board for the year 2006, or 50% of Target APC, whichever is greater: Attained Percentage of GAAP EBITDA in the Business Plan approved and adopted by the Board for the year 2006 Percentage of Option Exercisable Upon Achievement of Performance Criteria Options Exercisable 100% 100% 12,500 At least 50% of the Target AP...
Sample 1
Requirements for Exercise Vesting. The Restricted Stock/Restricted Stock Units shall vest [time] after date of grant, except upon an occurrence as provided in the Plan under Article IV, paragraph 4.3(d), Impact of Termination of Directorship During Vesting Period, or Article VI, Corporate Reorganization; Change of Control.
Sample 1
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Requirements for Exercise Vesting. Except as provided otherwise in this Agreement, the Option shall not become exercisable until the Option Holder has completed one full year of continuous service as a member of the Company's Board of Directors ("Board Service") after the Grant Date. Upon the completion of one full year of continuous Board Service after the Grant Date, the Option shall become vested and exercisable in full. Except as set forth in Section 5 and Section 6 of this Agreement, the Option shall not be exercisable as to any shares of Stock as to which the vesting requirements of this Section 2 have not be satisfied, regardless of the circumstances under which the Option Holder's Board Service shall be terminated. Once exercisable, the Option will continue to be vested and exercisable as to such shares until expiration or termination of the Option as provided in Section 5 or Section 6 hereof. If at any time the number of shares of Stock that are covered by the vested and exercisable portion of the Option includes a fractional share, the number of shares of Stock as to which the Option shall be actually vested and exercisable shall be rounded down to the next whole share of Stock.
Sample 1
Requirements for Exercise Vesting 
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Related to Requirements for Exercise Vesting

  • Vesting; Time of Exercise Except as specifically provided in this Agreement and subject to certain restrictions and conditions set forth in the Plan, the Optioned Shares shall be vested and the Stock Option shall be exercisable as follows:

  • Period of Exercisability Section 3.1 - Commencement of Exercisability ----------- ------------------------------

  • Vesting and Exercisability of Option The Option shall vest, and may be exercised, with respect to the Shares as set forth in the Optionee Statement attached hereto and made a part hereof, subject to earlier termination of the Option as provided in Sections 1.4 and 6 hereof or in the Plan. The right to purchase the Shares as they become vested shall be cumulative and shall continue during the Exercise Term unless sooner terminated as provided herein.

  • Vesting and Exercisability (a) No portion of this Stock Option may be exercised until such portion shall have vested.

  • Exercisability This option shall be exercisable as to: Number of Shares Vesting Date 400 immediate This option shall remain exercisable as to all vested shares until January 1,2014 (but not later than ten (10) years from the date this option is granted) unless this option has expired or terminated earlier in accordance with the provisions hereof or in the Plan. Subject to paragraphs 4 and 5, shares as to which this option becomes exercisable pursuant to the foregoing provision may be purchased at any time prior to expiration of this option.

  • Duration of Exercisability The installments provided for in Section 3.1 are cumulative. Each such installment which becomes exercisable pursuant to Section 3.1 shall remain exercisable until it becomes unexercisable under Section 3.3.

  • Acceleration of Exercisability Notwithstanding the schedule provided in subsection 3.2, the Option will become fully exercisable (unless Participant chooses to decline accelerated Vesting of all or any portion of the Option) upon the occurrence of either:

  • Number of Shares; Exercise Price This certifies that, for value received, Cede & Co., and any of its registered assigns, is the registered owner of the number of Warrants set forth on Schedule A hereto, each of which entitles the Warrantholder to purchase from the Company, upon the terms and subject to the conditions hereinafter set forth, a number of fully paid and nonassessable shares of Common Stock (each a “Share” and collectively the “Shares”) equal to the Warrant Share Number at a purchase price per share equal to the Exercise Price. The Warrant Share Number and the Exercise Price are subject to adjustment as provided herein, and all references to “Warrant Share Number” and “Exercise Price” herein shall be deemed to include any such adjustment or series of adjustments.

  • Suspension of Exercisability If at any time the Company shall determine, in its discretion, that the listing, registration or qualification of the Shares upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory authority, is necessary or desirable as a condition of the purchase of Shares hereunder, this option may not be exercised, in whole or in part, unless and until such listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Company. The Company shall make reasonable efforts to meet the requirements of any such state or federal law or securities exchange and to obtain any such consent or approval of any such governmental authority.

  • Certification of Adjusted Exercise Price or Number of Shares of Common Stock Whenever the Exercise Price or the number of shares of Common Stock issuable upon the exercise of each Warrant is adjusted as provided in Section 11 or 13, the Company shall (a) promptly prepare a certificate setting forth the Exercise Price of each Warrant as so adjusted, and a brief statement of the facts accounting for such adjustment, (b) promptly file with the Warrant Agent and with each transfer agent for the Common Stock a copy of such certificate and (c) instruct the Warrant Agent to send a brief summary thereof to each Holder of a Warrant Certificate.

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