Vesting if Business Relationship Continues. Subject to the restriction on exercise set forth on the cover page hereof, 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 5 contracts
Samples: Non Qualified Stock Option Agreement (World Surveillance Group Inc.), Sanswire Corp (World Surveillance Group Inc.), Sanswire Corp (World Surveillance Group Inc.)
