Time for Exercise. Optionee may elect to exercise the options at the times and for the number of shares indicated as follows:
Time for Exercise. (a) Subject to Section 2(c) and Participant’s continued employment with the Company and/or its Subsidiaries (or as otherwise provided in Section 2(b)), the Award shall become vested and exercisable on the fourth anniversary of the Grant Date (the period between the Grant Date and the fourth anniversary of the Grant Date the “Performance Period”) provided that during the Performance Period the Company’s Common Shares closed at a price for thirty (30) consecutive trading days that is equal to or greater than $67.33 per share (the “Price Performance Standard”).
Time for Exercise. (a) The Award will become vested and exercisable in accordance with the following schedule: (i) 20% of the Stock Appreciation Rights will become vested and exercisable on the first anniversary of the Grant Date, (ii) 20% of the Stock Appreciation Rights will become vested and exercisable on the second anniversary of the Grant Date and (iii) the remaining 60% of the Stock Appreciation Rights subject to the Award will become vested and exercisable on the third anniversary of the Grant Date.
Time for Exercise. (a) The Award will become vested and exercisable in quarterly 5% increments beginning on the last day of the calendar quarter during which the Grant Date occurs and on the last day of each subsequent calendar quarter until the Award becomes fully exercisable on the last day of the calendar quarter immediately preceding the fifth anniversary of the Grant Date.
Time for Exercise. (a) Unless otherwise provided in Exhibit A (if any and to the extent applicable to the Optionee), the Option will become vested and exercisable in quarterly 5% increments beginning on the last day of the calendar quarter during which the Grant Date occurs and on the last day of each subsequent calendar quarter until the Option becomes fully exercisable on the last day of the calendar quarter immediately preceding the fifth anniversary of the Grant Date.
Time for Exercise. Subject to the provisions of this Article IV, ----------------- the Option granted hereunder shall be exercisable only during the times provided in this Option Agreement.
Time for Exercise. This Warrant may be exercised in whole or in part at any time, and from time to time, during the period commencing on the date of this Warrant and expiring at 5:00 p.m. Pacific time on March 19, 2018 (the “Expiration Date”).
Time for Exercise. This Warrant may be exercised in whole or in part at any time, and from time to time, during the period commencing on the date of this Warrant and expiring on July __, 2003.
Time for Exercise. This Stock Option may not be exercised as to any Option Shares until such Option Shares are vested or after the Expiration Date.
Time for Exercise. (a) Allergan may exercise the License Option with respect to any ASTI Product on a country-by-country basis at any time during the period beginning on the date hereof and ending (i) with respect to the Unitxx Xxxxxx, 00 xxxs after clearance by the FDA to market such ASTI Product in the United States, and (ii) with respect to any other country, 90 days after the earlier of (A) clearance by the appropriate regulatory agency to market such ASTI Product in such country and (B) clearance by the FDA to market such ASTI Product in the United States. Notwithstanding the foregoing, the License Option shall expire, to the extent not previously exercised, at the close of business on the 30th day after the expiration of the Purchase Option or, with respect to a particular ASTI Product, upon exercise by Allergan of the global buy-out option for such ASTI Product under the License Agreement for such ASTI Product. In any case, Allergan must exercise the License Option for a particular ASTI Product in a particular country prior to the first commercial sale of such product in such country by Allergan or any of its Affiliates, sublicensees, distributors or marketing partners.
