Common use of TIMES OF EXERCISE OF STOCK OPTION Clause in Contracts

TIMES OF EXERCISE OF STOCK OPTION. After, and only after, the conditions of Section 9 hereof have been satisfied, the Participant shall be eligible to exercise the Stock Option pursuant to the vesting schedule set forth on the Notice (the “Vesting Schedule”). If the Participant’s employment with the Company (or of any one or more of the Subsidiaries of the Company) remains full-time and continuous at all times prior to any of the exercise dates specified on the Notice (the “Exercise Dates”), then the Participant shall be entitled, subject to the applicable provisions of the Plan and this Option Agreement having been satisfied, to exercise the Stock Option and purchase on or after the applicable Exercise Date, on a cumulative basis, the number of shares of Stock determined by multiplying the aggregate number of shares of Stock subject to the Stock Option set forth on the Notice by the designated percentage set forth on the Notice.

Appears in 3 contracts

Samples: Nonqualified Stock Option Agreement (Chesapeake Energy Corp), Nonqualified Stock Option Agreement (Chesapeake Energy Corp), Nonqualified Stock Option Agreement (Chesapeake Energy Corp)

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TIMES OF EXERCISE OF STOCK OPTION. After, and only after, the conditions of Section 9 10 hereof have been satisfied, the Participant shall be eligible to exercise the Stock Option pursuant to the vesting schedule set forth on the Notice (the “Vesting Schedule”). If the Participant’s employment with the Company (or of any one or more of the Subsidiaries of the Company) remains full-time and continuous Participant is employed continuously as an Employee at all times prior to any of the exercise dates specified on the Notice (the “Exercise Dates”), then the Participant shall be entitled, subject to the applicable provisions of the Plan and this Option Agreement having been satisfied, to exercise the Stock Option and purchase on or after the applicable Exercise Date, on a cumulative basis, the number of shares of Stock determined by multiplying the aggregate number of shares of Stock subject to the Stock Option set forth on the Notice by the designated percentage set forth on the Notice.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Chesapeake Energy Corp)

TIMES OF EXERCISE OF STOCK OPTION. After, and only after, the conditions of Section 9 10 hereof have been satisfied, the Participant shall be eligible to exercise the Stock Option pursuant to the vesting schedule set forth on the Notice Cover Page (the "Vesting Schedule"). If the Participant’s 's employment with the Company (or of any one or more of the Subsidiaries or an Affiliated Entity of the Company) remains full-time and continuous at all times prior to any of the exercise dates specified on the Notice Cover Page (the "Exercise Dates"), then the Participant shall be entitled, subject to the applicable provisions of the Plan and this Option Award Agreement having been satisfied, to exercise the Stock Option and purchase on or after the applicable Exercise Date, on a cumulative basis, the number of shares of Stock Options determined by multiplying the aggregate number of shares of Stock subject to the Stock Option set forth on the Notice Cover Page by the designated percentage set forth on the NoticeCover Page.

Appears in 1 contract

Samples: Employee Nonqualified Stock Option Award Agreement (Devon Energy Corp /Ok/)

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TIMES OF EXERCISE OF STOCK OPTION. After, and only after, the conditions of Section 9 hereof have been satisfied, the Participant shall be eligible to exercise the that portion of his Stock Option pursuant to the vesting schedule set forth on the Notice (the “Vesting Schedule”)hereinafter. If the Participant’s 's employment with the Company (or its parent or of any one anyone or more of the Subsidiaries subsidiaries of the Company) remains full-time and continuous at all times prior to any of the exercise dates specified on the Notice (the “Exercise Dates”)” specified hereafter, then the Participant shall be entitled, subject to the applicable provisions of the Plan and this Option Agreement having been satisfied, to exercise the Stock Option and purchase on or after the applicable Exercise Date, on a cumulative basis, the number of shares of Stock determined by multiplying the aggregate number of shares of Stock subject to the Stock Option set forth on in the Notice foregoing Section 1 by the designated percentage set forth on the Noticehereafter.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Beard Co /Ok)

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