Common use of Vesting if Business Relationship Continues Clause in Contracts

Vesting if Business Relationship Continues. The Optionee may only exercise this option on or after the date of this option grant for the number of shares of Common Stock, if any, that are then vested in accordance with the vesting schedule set forth on the cover page hereof. Notwithstanding the foregoing, the Board may, in its discretion, accelerate the date that any installment of this option becomes exercisable. The foregoing rights are cumulative and may be exercised only before the date which is seven (7) years from the date of this option grant.

Appears in 7 contracts

Samples: Non Qualified Stock Option Agreement (World Surveillance Group Inc.), Non Qualified Stock Option Agreement (World Surveillance Group Inc.), Non Qualified Stock Option Agreement (World Surveillance Group Inc.)

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Vesting if Business Relationship Continues. The Optionee may only exercise this option on or after the date of this option grant for the number of shares of Common Stock, if any, that are then vested in accordance with the vesting schedule set forth on the cover page hereof. Notwithstanding the foregoing, the Board may, in its discretion, accelerate the date that any installment of this option becomes exercisable. The foregoing rights are cumulative and may be exercised only before the date which that is seven (7) years from the date of this option grant.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (World Surveillance Group Inc.), Incentive Stock Option Agreement (World Surveillance Group Inc.)

Vesting if Business Relationship Continues. The Optionee may only exercise this option on or after the date of this option grant for the number of shares of Common Stock, if any, that are then vested in accordance with the vesting schedule set forth on the cover page hereof. Notwithstanding the foregoing, the Board may, in its discretion, accelerate the date that any installment of this option becomes exercisable. The foregoing rights are cumulative and may be exercised only before the date which is seven (7) ten years from the date of this option grant.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Karyopharm Therapeutics Inc.), Non Qualified Stock Option Agreement (Karyopharm Therapeutics Inc.)

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Vesting if Business Relationship Continues. The Optionee may only exercise this option on or after the date of this option grant for the number of shares of Common Stock, if any, that are then vested in accordance with the vesting schedule set forth on the cover page hereof. Notwithstanding the foregoing, the Board may, in its discretion, accelerate the date that any installment of this option becomes exercisable. The foregoing rights are cumulative and may be exercised only before the date which is seven (7) years from the date of this option grantOption Expiration Date set forth above.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Cyteir Therapeutics, Inc.)

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