TERM OF OPTION AND VESTING Sample Clauses

TERM OF OPTION AND VESTING. Subject to earlier forfeiture, termination, acceleration or cancellation of the Option as provided in this Agreement, the term of the Option shall be for a period of ten (10) years from the Grant Date. Subject to the provisions of this Agreement, the Option shall vest at such times and as to such number of shares as determined on the basis of the following schedule: Number of Shares Upon Optionee remaining continuously employed with the Corporation and Subsidiaries from the Grant Date through
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TERM OF OPTION AND VESTING. Subject to the provisions of Sections 5 and 6 below, you may exercise this option at any time during a period of one hundred twenty (120) months from the Date of Grant in accordance with the following schedule:
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TERM OF OPTION AND VESTING. (a) The Term of this Option shall commence on the Effective Date and shall terminate, unless sooner terminated by the terms of the Plan or this Agreement, at:
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TERM OF OPTION AND VESTING. The Option shall continue for a term commencing on the date hereof and ending at 5:00 p.m. Eastern Time on ________________ ("Termination Date"), unless sooner terminated as provided in Section 5. Subject to the other terms and conditions set forth in this Agreement, including without limitation Sections 6 and 7 hereof, the Option shall vest and Optionee shall have the right to exercise the Option as follows:
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TERM OF OPTION AND VESTING. The term of the Option shall be from the Date of Grant through the Expiration Date set forth on the preceding cover page ("Term") and, subject to the terms and provisions hereof and the Plan, the Option shall vest and Optionee may exercise the Option as follows:
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TERM OF OPTION AND VESTING a. The term of this Option shall expire, and shall not be exercisable with respect to any vested shares of Common Stock hereunder as to which the Option has not been exercised, on the tenth anniversary of the date hereof (the "stated term"), except as such stated term may be otherwise shortened by the other provisions set forth in Paragraph 5 below. Except as otherwise provided in subparagraph (b) below, the Option shall vest in increments as follows: Date Percent Vested ---- -------------- First anniversary of Effective Date 50% 90 days after first anniversary of Effective Date 62.5% 180 days after first anniversary of Effective Date 75.0% 270 days after first anniversary of Effective Date 87.5% Second anniversary of Effective Date 100.0%
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TERM OF OPTION AND VESTING. The Option shall continue for a term commencing on the Grant Date and ending at 5:00 p.m. Eastern Time on September 30, 2009 ("Termination Date"), unless sooner terminated as provided in Section 5. Subject to the other terms and conditions set forth in this Agreement, including without limitation Section 6 hereof, the Option shall vest and Optionee shall have the right to exercise the Option as follows:
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TERM OF OPTION AND VESTING a. The term of this Option shall expire, and shall not be exercisable with respect to any vested shares of Common Stock hereunder as to which the Option has not been exercised, on the tenth anniversary of the date hereof as set forth under "Expiration Date" above (the "stated term"), except as such stated term may be otherwise shortened by the other provisions set forth in Paragraph 5 below. Except as otherwise provided in subparagraph (b) below, the Option shall vest in increments as follows: Date Shares Vesting Aggregate Shares Vested ---- -------------- ----------------------- April 20, 2004 162,500 162,500 July 20, 2004 44,318 206,818 October 20, 2004 44,318 251,136 January 20, 2005 44,318 295,454 April 20, 2005 44,318 339,772 July 20, 2005 44,318 384,090 October 20, 2005 44,318 428,408 January 20, 2006 44,318 472,726 April 20, 2006 44,318 517,044 July 20, 2006 44,318 561,362 October 20, 2006 44,319 605,681 January 20, 2007 44,319 650,000 Non Shareholder Approved Change in Control (Ad-Hoc Arrangements)
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Related to TERM OF OPTION AND VESTING

  • Term of Options Unless the Options terminate earlier pursuant to the provisions of this Agreement or the Plan, the Options shall expire on the seventh (7th) anniversary of the Grant Date (“Option Expiration Date”).

  • Term of Option This Option may be exercised only within the term set out in the Notice of Grant, and may be exercised during such term only in accordance with the Plan and the terms of this Option Agreement.

  • Expiration of Options Except as otherwise provided in Section 5 or 6 of the Management Stockholder's Agreement, the Options may not be exercised to any extent by the Optionee after the first to occur of the following events:

  • 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 of Options The Option shall vest (become exercisable) in accordance with the vesting schedule shown on page 1 of this Award Agreement. Notwithstanding the vesting schedule on page 1, the Option will also vest and become exercisable:

  • Vesting of Option The Option shall be 100% vested upon the date of grant.

  • Option Vesting Options shall vest as follows:

  • Expiration of Option The Option may not be exercised to any extent by anyone after the first to occur of the following events:

  • Termination of Options The Options, which become exercisable as provided in paragraphs 3 and 4 above, shall terminate and be of no force or effect as follows:

  • Duration of Option The Option shall be exercisable to the extent and in the manner provided herein for a period of ten (10) years from the Grant Date (the "Exercise Term"); provided, however, that the Option may be earlier terminated as provided in Section 6 hereof.

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