Common use of Right to Exercise Clause in Contracts

Right to Exercise. (i) Subject to subsections 2(a)(ii) and 2(a)(iii) below, this Option shall be exercisable cumulatively according to the vesting schedule set forth in the Notice of Grant. Alternatively, at the election of the Optionee, this option may be exercised in whole or in part at any time as to Shares which have not yet vested. For purposes of this Stock Option Agreement, Shares subject to the Option shall vest based on continued employment of Optionee with the Company. Vested Shares shall not be subject to the Company's repurchase right (as set forth in the Restricted Stock Purchase Agreement, attached hereto as Exhibit C-1). ----------- (ii) As a condition to exercising this Option for unvested Shares, the Optionee shall execute the Restricted Stock Purchase Agreement.

Appears in 8 contracts

Samples: Restricted Stock Purchase Agreement (Ondisplay Inc), Restricted Stock Purchase Agreement (Numerical Technologies Inc), Restricted Stock Purchase Agreement (Numerical Technologies Inc)

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Right to Exercise. (i) Subject to subsections 2(a)(ii) and 2(a)(iii) below, this Option shall be exercisable cumulatively according to the vesting schedule set forth in the Notice of Grant. Alternatively, at the election of the Optionee, this option may be exercised in whole or in part at any time as to Shares which have not yet vested. For purposes of this Stock Option Agreement, Shares subject to the Option shall vest based on continued employment of Optionee with the Company. Vested Shares shall not be subject to the Company's repurchase right (as set forth in the Restricted Stock Purchase Agreement, attached hereto as Exhibit C-1). ----------- (ii) As a condition to exercising this Option for unvested Shares, the Optionee shall execute the Restricted Stock Purchase Agreement.-----------

Appears in 6 contracts

Samples: Restricted Stock Purchase Agreement (Ondisplay Inc), Restricted Stock Purchase Agreement (Ondisplay Inc), Restricted Stock Purchase Agreement (Numerical Technologies Inc)

Right to Exercise. (i) Subject to subsections 2(a)(ii3(a)(ii) and 2(a)(iii3(a)(iii) below, this Option shall be exercisable cumulatively according to the vesting schedule Vesting Schedule set forth in the Notice of Grant. Alternatively, at the election of the Optionee, this option Option may be exercised in whole or in part at any time as to Shares which that have not yet vested. For purposes of this Stock Option Agreement, Shares subject to the Option shall vest based on continued employment Optionee continuing to be a Service Provider of Optionee with the Company. Vested Shares shall not be subject to the Company's repurchase right (as set forth in the Restricted Stock Purchase Agreement, attached hereto as Exhibit C-1). ----------- (ii) As a condition to exercising this Option for unvested Shares, the Optionee shall execute the Restricted Stock Purchase Agreement.

Appears in 5 contracts

Samples: Stock Option Agreement (Cirrus Logic Inc), Restricted Stock Purchase Agreement (Cirrus Logic Inc), Restricted Stock Purchase Agreement (Cirrus Logic Inc)

Right to Exercise. (i) Subject to subsections 2(a)(ii) and 2(a)(iii) below, this Option shall be exercisable cumulatively according to the vesting schedule set forth in the Notice of Grant. Alternatively, at the election of the Optionee, this option may be exercised in whole or in part at any time as to Shares which have not yet vested. For purposes of this Stock Option Agreement, Shares subject to the Option shall vest based on continued employment of Optionee with the Company. Vested Shares shall not be subject to the Company's ’s repurchase right (as set forth in the Restricted Stock Purchase Agreement, attached hereto as Exhibit C-1). ----------- (ii) As a condition to exercising this Option for unvested Shares, the Optionee shall execute the Restricted Stock Purchase Agreement.

Appears in 5 contracts

Samples: Stock Option Agreement (Numerical Technologies Inc), Stock Option Agreement (Numerical Technologies Inc), Stock Option Agreement (Numerical Technologies Inc)

Right to Exercise. (i) Subject to subsections 2(a)(ii) and 2(a)(iii) below, this Option shall be exercisable cumulatively according to the vesting schedule set forth in the Notice of Grant. Alternatively, at the election of the Optionee, this option may be exercised in whole or in part at any time as to Shares which have not yet vested. For purposes of this Stock Option Agreement, Shares subject to the Option shall vest based on continued employment of Optionee with the Company. Vested Shares shall not be subject to the Company's repurchase right (as set forth in the Restricted Stock Purchase Agreement, attached hereto as Exhibit C-1E-1). ----------- (ii) As a condition to exercising this Option for unvested Shares, the Optionee shall execute the Restricted Stock Purchase Agreement.-----------

Appears in 4 contracts

Samples: Security Agreement (Numerical Technologies Inc), Security Agreement (Numerical Technologies Inc), Security Agreement (Numerical Technologies Inc)

Right to Exercise. (i) Subject to subsections 2(a)(iithis subsection 2(a)(i) and 2(a)(iiisubsection 2(a)(ii) below, this Option shall be exercisable cumulatively according to the vesting schedule set forth in the Notice of Stock Option Grant. Alternatively, at the election of the OptioneeParticipant, this option Option may be exercised in whole or in part at any time as to Shares which that have not yet vestedvested (“Unvested Shares”). For purposes As a condition of exercising this Option for Unvested Shares, Participant shall execute the Restricted Stock Option Purchase Agreement and all attachments thereto, attached hereto as Exhibit B (the “Stock Purchase Agreement, Shares subject to the Option shall vest based on continued employment of Optionee with the Company”). Vested Shares (all exercised Shares that are not Unvested Shares) shall not be subject to the Company's ’s repurchase right (as set forth in the Restricted Stock Purchase Agreement, attached hereto as Exhibit C-1). ----------- (ii) As a condition to exercising this Option for unvested Shares, the Optionee shall execute the Restricted Stock Purchase Agreement.

Appears in 2 contracts

Samples: Equity Incentive Plan (Nerdwallet, Inc.), Equity Incentive Plan (Nerdwallet, Inc.)

Right to Exercise. (i) Subject to subsections 2(a)(ii) and 2(a)(iii) below, this Option shall be exercisable cumulatively according to the vesting schedule set forth in the Notice of Grant. Alternatively, at the election of the Optionee, this option may be exercised in whole or in part at any time as to Shares which have not yet vestedvested (“Unvested Shares”). For purposes of this Stock Option Agreement, Shares subject to the Option shall vest (“Vested Shares”) based on continued employment of Optionee with the Company. Vested Shares shall not be subject to the Company's ’s repurchase right (as set forth in the Restricted Stock Purchase Agreement, attached hereto as Exhibit C-1). ----------- (ii) As a condition to exercising this Option for unvested Shares, the Optionee shall execute the Restricted Stock Purchase Agreement.

Appears in 2 contracts

Samples: Senior Executive Stock Option Agreement (Alien Technology Corp), Stock Option Agreement (Alien Technology Corp)

Right to Exercise. (i) Subject to subsections 2(a)(ii) and 2(a)(iii) below, this Option shall be exercisable cumulatively according to the vesting schedule set forth in the Notice of Grant. Alternatively, at the election of the Optionee, this option may be exercised in whole or in part at any time as to Shares which have not yet vested. For purposes of this Stock Option Agreement, Shares subject to the Option shall vest based on continued employment of Optionee with the Company. Vested Shares shall not be subject to the Company's repurchase right (as set forth in the Restricted Stock Purchase Agreement, attached hereto as Exhibit C-1). ----------- (ii) As a condition to exercising this Option for unvested Shares, the Optionee shall execute the Restricted Stock Purchase Agreement.----------

Appears in 1 contract

Samples: Stock Option Agreement (Occam Networks Inc/De)

Right to Exercise. (i) Subject to subsections 2(a)(ii) and 2(a)(iii) below, this Option shall be exercisable cumulatively according to the vesting schedule set forth in the Notice of Grant. Alternatively, at the election of the Optionee, this option may be exercised in whole or in part at any time during its Term as to Shares which have not yet vested. For purposes of this Stock Option Agreement, Shares subject to the Option Shares shall vest based on continued employment of the Optionee with the Company. Vested Option Shares shall not be subject to the Company's ’s repurchase right (as set forth in the Restricted Stock Purchase Agreement, attached hereto as Exhibit C-1). ----------- (ii) As a condition to exercising this Option for unvested Shares, the Optionee shall execute the Restricted Stock Purchase Agreement.

Appears in 1 contract

Samples: Stock Option Agreement (3PAR Inc.)

Right to Exercise. (i) Subject to subsections 2(a)(ii) and 2(a)(iii) below, this Option shall be exercisable cumulatively according to the vesting schedule set forth in the Notice of Grant. Alternatively, at the election of the Optionee, this option may be exercised in whole or in part at any time as to Shares which have not yet vested. For purposes of this Stock Option Agreement, Shares subject to the Option shall vest based on continued employment of Optionee with the Company. Vested Shares shall not be subject to the Company's repurchase right (as set forth in the Restricted Stock Purchase Agreement, attached hereto as Exhibit C-1C-l). ----------- (ii) As a condition to exercising this Option for unvested Shares, the Optionee shall execute the Restricted Stock Purchase Agreement.

Appears in 1 contract

Samples: Stock Option Agreement (Callidus Software Inc)

Right to Exercise. (i) Subject to subsections Sections 2(a)(ii) and through 2(a)(iii) below, this Option shall be exercisable cumulatively according to the vesting schedule set forth out in the Notice of Stock Option Grant. Alternatively, at the election of the Optionee, this option Option may be exercised in whole or in part at any time as to Shares which have not yet vestedunvested Shares. For purposes of this Stock Option Agreement, Shares subject to the Option shall vest based on continued employment the Optionee continuing to be a Service Provider of Optionee with the Company. Vested Shares shall not be subject to the Company's ’s repurchase right (as set forth in the Restricted Stock Purchase Agreement, attached hereto as Exhibit C-1). ----------- (ii) As a condition to exercising this Option for unvested Shares, the Optionee shall execute the Restricted Stock Purchase Agreement.

Appears in 1 contract

Samples: Employee Stock Option Agreement (Netflix Inc)

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Right to Exercise. (i) Subject to subsections 2(a)(ii) and 2(a)(iii) below, this Option shall be exercisable cumulatively according to the vesting schedule set forth in the Notice of Grant. Alternatively, at the election of the Optionee, this option may be exercised in whole or in part at any time during its Term as to Shares which have not yet vested. For purposes of this Stock Option Agreement, Shares subject to the Option shall vest based on continued employment of Optionee with the Company. Vested Shares shall not be subject to the Company's ’s repurchase right (as set forth in the Restricted Stock Purchase Agreement, attached hereto as Exhibit C-1). ----------- (ii) As a condition to exercising this Option for unvested Shares, the Optionee shall execute the Restricted Stock Purchase Agreement.

Appears in 1 contract

Samples: Stock Option Agreement (3PAR Inc.)

Right to Exercise. (i) Subject to subsections 2(a)(ii) and 2(a)(iii2(a) (iii) below, this Option shall be exercisable cumulatively according to the vesting schedule set forth in the Notice of Grant. Alternatively, at the election of the Optionee, this option Option may be exercised in whole or in part at any time as to Shares which that have not yet vested. For purposes of this Stock Option Agreement, Shares subject to the Option shall vest based on continued employment of Optionee with the Company. Vested Shares shall not be subject to the Company's repurchase right (as set forth in the Restricted Stock Purchase Agreement, attached hereto as Exhibit EXHIBIT C-1). ----------- (ii) As a condition to exercising this Option for unvested Shares, the Optionee shall execute the Restricted Stock Purchase Agreement. This Option may not be exercised for a fraction of a Share.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (HNC Software Inc/De)

Right to Exercise. (i) Subject to subsections 2(a)(ii) and 2(a)(iiithrough 2(a)(v) below, this Option shall be exercisable cumulatively according to the vesting schedule set forth out in the Notice of Grant. Alternatively, at the election of the Optionee, this option may be exercised in whole or in part at any time as to Shares which have not yet vested. For purposes of this Stock Option Agreement, Shares subject to the this Option shall vest based on continued employment of or consulting services by Optionee with the Company. Vested Shares shall not be subject to the Company's repurchase right (as set forth in the Restricted Stock Purchase Agreement, attached hereto as Exhibit C-1). ----------- (ii) As a condition to exercising this Option for unvested Shares, the Optionee shall execute the Restricted Stock Purchase Agreement.

Appears in 1 contract

Samples: Brightmail Incorporated (Symantec Corp)

Right to Exercise. (i1) Subject to subsections 2(a)(ii3(a)(2) and 2(a)(iii3(a)(3) below, this Option shall be exercisable cumulatively according to the vesting schedule set forth in the Notice of Grant. Alternatively, at the election of the Optionee, this option Option may be exercised in whole or in part at any time as to Shares which that have not yet vested. For purposes of this Stock Option Agreement, Shares subject to the Option shall vest based on continued employment of Optionee with the Companycontinuing as a Service Provider. Vested Shares shall not be subject to the Company's repurchase right (as set forth in the Restricted Stock Purchase Agreement, attached hereto as Exhibit C-1B-1). ----------- (ii) As a condition to exercising this Option for unvested Shares, the Optionee shall execute the Restricted Stock Purchase Agreement.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Ista Pharmaceuticals Inc)

Right to Exercise. (ia) Subject to subsections 2(a)(ii2(i)(b) and 2(a)(iiithrough 2(i)(e) below, this Option shall be exercisable cumulatively according to the vesting schedule set forth out in the Notice of Grant. Alternatively, at the election of the Optionee, this option may be exercised in whole or in part at any time as to Shares which have not yet vested. For purposes of this Stock Option Agreement, Shares subject to the Option shall vest based on continued employment or consulting relationship of Optionee with the Company. Vested Shares shall not be subject to the Company's repurchase right (as set forth in the Restricted Stock Purchase Agreement, attached hereto as Exhibit C-1). ----------- (ii) As a condition to exercising this Option for unvested Shares, the Optionee shall execute the Restricted Stock Purchase Agreement.-----------

Appears in 1 contract

Samples: Option Agreement (Vicinity Corp)

Right to Exercise. (i) Subject to subsections 2(a)(ii) and 2(a)(iii) below, this Option shall be exercisable cumulatively according to the vesting schedule set forth in the Notice of Grant. Alternatively, at the election of the Optionee, this option may be exercised in whole or in part at any time as to Shares which have not yet vested. For purposes of this Stock Option Agreement, Shares subject to the Option shall vest based on continued employment of Optionee with the Company. Vested Shares shall not be subject to the Company's repurchase right (as set forth in the Restricted Stock Purchase Agreement, attached hereto as Exhibit C-1C-i). ----------- (ii) As a condition to exercising this Option for unvested Shares, the Optionee shall execute the Restricted Stock Purchase Agreement.

Appears in 1 contract

Samples: Option Agreement (Cisco Systems Inc)

Right to Exercise. (i) Subject to subsections 2(a)(ii) and 2(a)(iii) below, this Option shall be exercisable cumulatively according to the vesting schedule set forth in the Notice of Grant. Alternatively, at the election of the Optionee, this option may be exercised in whole or in part at any time as to Shares which have not yet vested. For purposes of this Stock Option Agreement, Shares subject to the Option shall vest based on continued employment of Optionee with the Company. Vested Shares shall not be subject to the Company's repurchase right (as set forth in the Restricted Stock Purchase Agreement, attached hereto as Exhibit C-1E-1). ----------- (ii) As a condition to exercising this Option for unvested Shares, the Optionee shall execute the Restricted Stock Purchase Agreement.------------

Appears in 1 contract

Samples: Security Agreement (Numerical Technologies Inc)

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