Vesting of Option Rights. (a) Except as otherwise provided in this Agreement, the Option may be exercised by Optionee in accordance with the following schedule: Number of Shares On or after each of with respect to which the following dates the Option is exercisable
Vesting of Option Rights. (a) Except as otherwise provided in this Agreement, the Option may be exercised by Employee in accordance with the following schedule: On or after each of the following dates Number of non-cumulative Shares with respect to which the Option is exercisable February 6, 2013 45,000 February 6, 2014 45,000 February 6, 2015 45,000
Vesting of Option Rights. (a) Except as otherwise provided in this Agreement, the Option may be exercised by Employee in accordance with the following schedule: On or after each of the following dates ________________________ [Each of the first, second and third anniversaries of the date of the grant] Number of Shares with respect to which the Option is exercisable ________________________ [1/3]
Vesting of Option Rights. The Optionee, provided the Optionee has remained in the continuous service of the Company or a Subsidiary from the Effective Date, may exercise the Option Rights granted under this Agreement during the periods described below (subject to Paragraph 6 below), for the acquisition of the number of Common Shares stated.
Vesting of Option Rights. (a) The Option shall have a vesting commencement date of February 16, 2009 (the “Vesting Commencement Date”), and except as otherwise provided in this Agreement, the Option shall be exercisable for vested Shares only. The Option shall initially be for unvested Shares. Twenty-five percent (25%) of the Shares shall become vested Shares upon the anniversary of the Vesting Commencement Date provided that Optionee must have continuously provided Service during such time. The balance of the Shares shall become vested Shares in a series of thirty-six (36) successive equal monthly installments upon Optionee’s completion of each additional month of Service over the thirty-six (36) month period measured from the anniversary of the Vesting Commencement Date. In no event shall any additional Shares vest after Optionee’s Service ceases .
Vesting of Option Rights. Except as otherwise provided in section 3 of this agreement, Director may exercise the Option in accordance with the following schedule: On or after each of Number of shares with respect to the following dates which the Option is exercisable ------------------- ------------------------------- December 31, 2002 24,000 December 31, 2003 12,000
Vesting of Option Rights. The Option is fully vested and may be exercised by Employee from and after the date of grant as to any or all of the Shares.
Vesting of Option Rights. (a) Except as otherwise provided in Section 3 of this agreement, the Option may be exercised by Holder in full beginning on the date hereof.
Vesting of Option Rights. (a) Unless otherwise provided in this Agreement, the Option shall be exercisable for vested Shares only. The Option shall initially be for unvested Shares, and the Shares shall become vested Shares as follows: (i) 125,000 of the Shares shall become vested Shares on the last day of any consecutive three calendar months when and if the average of the Monthly Average Prices (as defined below) of the Common Stock during such three month period reaches or exceeds $6.00 (as adjusted for any stock dividends, splits, combinations or similar events with respect to the Common Stock after the date of this Agreement) and (ii) the balance of the Shares shall vest on the last day of any consecutive three calendar months when and if the average of the Monthly Average Prices of the Common Stock during such three month period reaches or exceeds $8.00 (as adjusted for any stock dividends, splits, combinations or similar events with respect to the Common Stock after the date of this Agreement); provided that, in each such case (for both clauses (i) and (ii)), Optionee shall have continuously provided Service from the date of this Agreement through the date of such vesting (such proviso, the “Continuous Service Requirement”). The “
Vesting of Option Rights. The Option shall not be exercisable the first time by Employee except in accordance with subsection 422(d) of the Code. Except as provided in the preceding sentence or as otherwise provided in section 3 of this agreement, the Option may be exercised by Employee in accordance with the following schedule: Cumulative percentage of On or after each of shares with respect to the following dates which Option is exercisable August 1, 1997 20% August 1, 1998 40% August 1, 1999 60% August 1, 2000 80% August 1, 2001 100%
