Common use of Shares Subject to Exercise Clause in Contracts

Shares Subject to Exercise. Common Shares subject to exercise shall be one-third (1/3rd) of such Common Shares on April 4, 2005, an additional one-third (1/3rd) of such Common Shares on and after April 3, 2006 and the remaining one-third (1/3rd) of such Common Shares on and after April 2, 2007. All Common Shares shall thereafter remain subject to exercise for the term specified in Paragraph 2 hereof.

Appears in 5 contracts

Samples: Stock Option Agreement (Document Capture Technologies, Inc.), Stock Option Agreement (Document Capture Technologies, Inc.), Stock Option Agreement (Document Capture Technologies, Inc.)

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Shares Subject to Exercise. Common Shares subject to exercise shall be one-third (1/3rd1/3) of such Common Shares on April 4or after March 28, 20052007, an additional one-third (1/3rd1/3) of such Common Shares on and or after April 3March 28, 2006 2008, and the remaining one-third (1/3rd1/3) of such Common Shares on and or after April 2March 28, 20072009. All Common Shares shall thereafter remain subject to exercise for the term specified in Paragraph 2 hereof.

Appears in 4 contracts

Samples: Stock Option Agreement (Document Capture Technologies, Inc.), Stock Option Agreement (Document Capture Technologies, Inc.), Stock Option Agreement (Document Capture Technologies, Inc.)

Shares Subject to Exercise. Common Shares subject to exercise shall be one-third (1/3rd1/3) of such Common Shares on April 49/26, 20052007, an additional one-third (1/3rd1/3) of such Common Shares on and after April 39/26, 2006 2008, and the remaining one-third (1/3rd1/3) of such Common Shares on and after April 29/26, 20072009. All Common Shares shall thereafter remain subject to exercise for the term specified in Paragraph 2 hereof.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Harrison Paul W)

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Shares Subject to Exercise. Common Shares subject to exercise shall be one-third (1/3rd1/3) of such Common Shares on April 4or after March 28, 20052007, an additional one-third (1/3rd1/3) of such Common Shares on and or after April 3March 28, 2006 2008, and the remaining one-third (1/3rd1/3) of such Common Shares on and or after April 2March 28, 20072009. All Common Shares shall thereafter remain subject to exercise for the term specified in Paragraph 2 hereof.. GE>

Appears in 1 contract

Samples: Stock Option Agreement (Document Capture Technologies, Inc.)

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