Common use of Term and Vesting of Option Clause in Contracts

Term and Vesting of Option. The term of the Option shall be for a period of five (5) years (the "Term") from the date of this Agreement and, subject to the terms and provisions hereof, the Option shall be fully vested and may be exercised in whole or in part with respect to all or any portion of the shares to which it related.

Appears in 9 contracts

Samples: Stock Option Agreement (Synthetic Blood International Inc), Stock Option Agreement (Synthetic Blood International Inc), Stock Option Agreement (Synthetic Blood International Inc)

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Term and Vesting of Option. The term of the Option shall be for a period of five (5) years (the "β€œTerm"”) from the date of this Agreement and, subject to the terms and provisions hereof. The Option shall vest and Optionee may exercise the Option in accordance with the vesting schedule specified in the attached Notice and within the Term. Subject to the foregoing, the Option shall be fully vested and may be exercised in whole or in part with respect to all or any portion of the shares to which it relatedrelates.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (BioMETRX)

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Term and Vesting of Option. The term of the Option shall be for a period of five One (51) years (the "Term") from the date of this Agreement and, subject to the terms and provisions hereof, the Option shall be fully vested and may be exercised in whole or in part with respect to all or any portion of the shares to which it related.

Appears in 1 contract

Samples: Stock Option Agreement (Synthetic Blood International Inc)

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