Term of Option/Vesting. Subject to the terms and conditions of the Plan, including, but not limited to, provisions for continued service on the Board of Directors, this option shall terminate on January 10, 2001, and shall be exercisable to the extent of 4,000 shares commencing January 1, 1997, 10,000 shares commencing June 7, 1997, 10,000 shares commencing June 7, 1998, 10,000 shares commencing June 7, 1999, and 10,000 shares commencing June 7, 2000.
Term of Option/Vesting. Subject to earlier termination, acceleration or cancellation of the Option as provided herein, the term of the Option shall be for a period ten (10) years from the date hereof. Subject to the provisions of this Agreement, the Option shall be vested and exercisable at such times and as to such number of shares as determined on the schedule set forth on the Stock Option Certificate. To the extent not previously terminated or cancelled, upon and after a Change in Control, the Option shall be 100% vested and Optionee shall be entitled to exercise the Option in whole or in part with respect to all of the shares covered thereby.
Term of Option/Vesting. This Option is exercisable as follows: 50,000 shares may be exercised at any time after the grant of this Option until 5:00 P.M. (California time) on October 3, 2001; the remaining 50,000 shares may be exercised at any time after October 3, 1997 until 5:00 P.M. (California time) on October 3, 2001, provided that at October 3, 1997 OPTIONEE is an executive officer of the COMPANY. However, in the event of a change of control of the Company resulting in the election of any three directors other than the constituent directors on the date of this Agreement, whether by merger, acquisition, issuance of shares of Common Stock to a new stockholder(s), or otherwise, and OPTIONEE is terminated as an executive officer prior to October 3, 1997, the unvested options shall become immediately exercisable and fully vested. In the event of the death of the OPTIONEE less than one year prior to the expiration of this Option, the expiration date of this Option shall be extended to one year from the date of the death of the OPTIONEE.
Term of Option/Vesting. Except as otherwise provided herein, the total number of shares subject to this Option shall become exercisable on the Date of Grant. Optionee may exercise this Option from time to time, in whole or in parts of no fewer than one hundred (100) shares (or the total remaining shares covered by this Option if less than 100), at the election of the Optionee, through the Termination Date, as that term is defined below.
Term of Option/Vesting. Except as otherwise provided herein, Optionee shall have the right to acquire Shares under this Agreement beginning one calendar year and one day after the Date of Grant and continuing through the “Termination Date” (as that term is defined in paragraph 6), to the extent of the number of Shares covered by this Option multiplied by twenty percent (20%) and by the number of full calendar years which have elapsed since the Date of Grant, until the fifth anniversary of the Date of Grant, and thereafter to the extent of the full number of Shares covered by this Option. Optionee may exercise this Option from time to time, in whole or in parts of no fewer than one hundred (100) shares (or the total remaining shares covered by this Option if less than 100), at the election of the Optionee, but only with respect to those Shares for which the appropriate time has elapsed as set forth herein.
Term of Option/Vesting. Subject to earlier termination, acceleration or cancellation of the Option as provided herein, the term of the Option shall be for a period 10 years from the date hereof. Subject to the provisions of this Agreement, the Option shall be vested and exercisable at such times and as to such number of shares as determined on the schedule set forth on the Stock Option Certificate. If a Change of Control occurs during the period of Optionee’s employment with the Company and its Subsidiaries, the Option shall vest to the extent provided in Section 13 of the Plan, and Optionee shall be entitled to exercise the Option to the extent vested (it being understood that vesting will accelerate and the Option shall become immediately exercisable except to the extent Optionee receives a Replacement Award; in the event Optionee receives a Replacement Award and, within two years after the Change of Control, Optionee’s employment is terminated by the Company (other than a Termination for Cause), or by Optionee with Good Reason, then, upon such termination, the Replacement Award shall become fully vested and exercisable).
Term of Option/Vesting. The option shall be effective from the effective date of this agreement until the earliest of (i) the date at which all optioned shares have been delivered hereunder, (ii) December 31, 2005, or (iii) the date 12 months after Reevxx' xxath; but the option is subject to early termination under paragraph 3.10(D) and paragraph 5.2. Reevxx' xxghts to exercise the option are subject to the vesting schedule and conditions expressed in paragraph 3.7.
Term of Option/Vesting
