Vesting Schedule. This option will become exercisable (“vest”) as to % of the original number of Shares on the [ ] anniversary of the Grant Date and as to an additional % of the original number of Shares at the end of each successive [ ] period following the [ ] anniversary of the Grant Date until the [ ] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 6 contracts
Sources: Incentive Stock Option Agreement (Durata Therapeutics, Inc.), Nonstatutory Stock Option Agreement (Durata Therapeutics, Inc.), Incentive Stock Option Agreement (Curis Inc)
Vesting Schedule. This option will become exercisable (“vest”) as to % of the original number of Shares on the [ ] anniversary of the Grant Date and as to an additional % of the original number of Shares at the end of each successive [ ] period following the [ ] anniversary of the Grant Date until the [ ] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 6 contracts
Sources: Incentive Stock Option Agreement, Nonstatutory Stock Option Agreement (NMT Medical Inc), Incentive Stock Option Agreement (NMT Medical Inc)
Vesting Schedule. This option will become exercisable (“vest”) as to 25% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 2.08333% of the original number of Shares at the end of each successive [ ] one-month period following the [ ] first anniversary of the Grant Date until the [ ] fourth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 5 contracts
Sources: Nonstatutory Stock Option Agreement (Ceva Inc), Nonstatutory Stock Option Agreement (Ceva Inc), Nonstatutory Stock Option Agreement (Ceva Inc)
Vesting Schedule. This option will become exercisable (“vest”) as to 33.3% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 66.7% of the original number of Shares at the end of each successive [ ] period month following the [ ] first anniversary of the Grant Date until the [ ] third anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 5 contracts
Sources: Nonstatutory Stock Option Agreement (Norpac Technologies, Inc.), Nonstatutory Stock Option Agreement (Norpac Technologies, Inc.), Nonstatutory Stock Option Agreement (Norpac Technologies, Inc.)
Vesting Schedule. This option will become exercisable (“vest”) as to 25% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 6.25% of the original number of Shares at the end of each successive [ ] three-month period following the [ ] first anniversary of the Grant Date until the [ ] fourth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 4 contracts
Sources: Incentive Stock Option Agreement (Gelesis Inc), Incentive Stock Option Agreement (Alnylam Pharmaceuticals, Inc.), Incentive Stock Option Agreement (Stream Global Services, Inc.)
Vesting Schedule. This option will become exercisable (“vest”) as to 33.3% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 66.7% of the original number of Shares at the end of each successive [ ] monthly period following the [ ] first anniversary of the Grant Date until the [ ] third anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 3 contracts
Sources: Incentive Stock Option Agreement (Norpac Technologies, Inc.), Incentive Stock Option Agreement (Norpac Technologies, Inc.), Incentive Stock Option Agreement (Norpac Technologies, Inc.)
Vesting Schedule. This option will become exercisable (“vest”) as to % of the original number of Shares on the [ [first anniversary] anniversary of the Grant Date and as to an additional % of the original number of Shares at the end of each successive [ ] period following the [ [first anniversary] anniversary of the Grant Date until the [ ] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 3 contracts
Sources: Nonstatutory Stock Option Agreement (Westmoreland Coal Co), Incentive Stock Option Agreement (Westmoreland Coal Co), Nonstatutory Stock Option Agreement (Westmoreland Coal Co)
Vesting Schedule. This option will become exercisable (“vest”) as to [ ]% of the original number of Shares on the [ ] anniversary of the Grant Date and as to an additional [ ]% of the original number of Shares at the end of each successive [ ] period following the [ ] first anniversary of the Grant Date until the [ ] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 3 contracts
Sources: Incentive Stock Option Agreement (Pc Connection Inc), Nonstatutory Stock Option Agreement (Collagenex Pharmaceuticals Inc), Nonstatutory Stock Option Agreement (Curagen Corp)
Vesting Schedule. This option will become exercisable (“vest”) as to % of the original number of to: • # SHARES Shares on the [ ] first anniversary of the Grant Date and as to an additional % date of the original number Agreement; • # Qtrly Shares Shares (of Shares at # total “remaining balance”) each quarter end after the end of each successive [ ] period following first anniversary through the [ ] fourth anniversary of the Grant Date until the [ ] anniversary date of the Grant Date. Agreement; The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 2 contracts
Sources: Nonstatutory Stock Option Agreement (Curagen Corp), Nonstatutory Stock Option Agreement (Curagen Corp)
Vesting Schedule. This option will become exercisable (“"vest”") as to ____% of the original number of Shares on the [ ] anniversary of the Grant Date ________________ and as to an additional ____% of the original number of Shares at the end of each successive [ ] ________ period following the [ ] anniversary of the Grant Date thereafter until the [ ] _______ anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 2 contracts
Sources: Nonstatutory Stock Option Agreement (Unica Corp), Incentive Stock Option Agreement (Unica Corp)
Vesting Schedule. This option will become exercisable (“"vest”") as to 25% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 2.0833% of the original number of Shares at the end of each successive [ ] one-month period following the [ ] first anniversary of the Grant Date until the [ ] fourth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 2 contracts
Sources: Incentive Stock Option Agreement (Xanodyne Pharmaceuticals Inc), Nonstatutory Stock Option Agreement (Xanodyne Pharmaceuticals Inc)
Vesting Schedule. This option will become exercisable (“"vest”") as to [ ]% of the original number of Shares on the [ ] anniversary of the Grant Date and as to an additional [ ]% of the original number of Shares at the end of each successive [ ] period following the [ ] first anniversary of the Grant Date until the [ ] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 2 contracts
Sources: Nonstatutory Stock Option Agreement (Momenta Pharmaceuticals Inc), Incentive Stock Option Agreement (Momenta Pharmaceuticals Inc)
Vesting Schedule. This option will become exercisable (“vest”) as to % [ ] of the original number of Shares on the [ ] anniversary of the Grant Date and as to an additional % [ ] of the original number of Shares at the end of each successive [ ] period anniversary following the [ ] first anniversary of the Grant Date until the [ ] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 2 contracts
Sources: Nonstatutory Stock Option Agreement (Lifeline Systems Inc), Incentive Stock Option Agreement (Lifeline Systems Inc)
Vesting Schedule. This option will become exercisable (“vest”) as to _____% of the original number of Shares on the [ ] anniversary of _____ day following the Grant Date and as to an additional _____% of the original number of Shares at the end of each successive [ ] _____-day period following the [ ] anniversary of the Grant Date such initial _____-day period until the [ ] _____ anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 2 contracts
Sources: Nonstatutory Stock Option Agreement (Soundbite Communications Inc), Incentive Stock Option Agreement (Soundbite Communications Inc)
Vesting Schedule. This option will become exercisable (“vest”) as to [ ]% of the original number of Shares on the [ ] anniversary of the Grant Date and as to an additional % of the original number of Shares pro-rata thereafter on a monthly basis at the end of each successive [ ] period following the [ ] first anniversary of the Grant Date until the [ ] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 2 contracts
Sources: Non Qualified Stock Option Agreement (Arbinet Thexchange Inc), Nonstatutory Stock Option Agreement (Arbinet Thexchange Inc)
Vesting Schedule. This option will become Option is immediately exercisable (“vestVested”) as to 33% of the original number of Shares on the [ ] anniversary of Grant Date. As to the Grant Date and remaining 67% Shares, this Option will become exercisable as to an additional % of the original number of [ ] Shares at the end of each successive [ ] period calendar month following the [ ] Grant Date until the third anniversary of the Grant Date until the [ ] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option Option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested Vested until the earlier of the Final Exercise Date or the termination of this option Option under Section 3 hereof or the Plan.
Appears in 2 contracts
Sources: Incentive Stock Option Agreement, Incentive Stock Option Agreement (Boston Life Sciences Inc /De)
Vesting Schedule. This option will become exercisable (“vest”) as to [100% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional % Date] [33⅓% of the original number of Shares at on the end of each successive [ ] period following the [ ] anniversary of the Grant Date until the [ ] first, second and third anniversary of the Grant Date] subject to continuous service with the Company through each such anniversary. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 2 contracts
Sources: Incentive Stock Option Agreement (Alnylam Pharmaceuticals, Inc.), Incentive Stock Option Agreement (Alnylam Pharmaceuticals, Inc.)
Vesting Schedule. This option will become exercisable (“vest”) as to [100% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional Date] [33 1⁄3% of the original number of Shares at on the end of each successive [ ] period following the [ ] anniversary of the Grant Date until the [ ] first, second and third anniversary of the Grant Date] subject to continuous service with the Company through each such anniversary. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 2 contracts
Sources: Nonstatutory Stock Option Agreement (Alnylam Pharmaceuticals, Inc.), Nonstatutory Stock Option Agreement (Alnylam Pharmaceuticals, Inc.)
Vesting Schedule. This option will become exercisable (“vest”) as to 25% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 2.0833% of the original number of Shares at the end of each successive [ ] one-month period following the [ ] first anniversary of the Grant Date until the [ ] fourth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 1 contract
Sources: Nonstatutory Stock Option Agreement (Trevi Therapeutics, Inc.)
Vesting Schedule. This option will become exercisable (“vest”) as to % of the original number of Shares on the [ ] anniversary of the Grant Date and as to an additional % of the original number of Shares at the end of each successive [ month] period following the [ ] first anniversary of the Grant Date until the [ ] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 1 contract
Vesting Schedule. (a) This option will become exercisable (“vest”) as to 25% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 2.083% of the original number of Shares at the end of each successive [ ] month period following the [ ] first anniversary of the Grant Date until the [ ] fourth anniversary of the Grant Date. .
(b) The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 1 contract
Vesting Schedule. This option will become exercisable (“vest”) as to 25% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 2.0833% of the original number of Shares at the end of each successive [ ] one month period following the [ ] first anniversary of the Grant Date until the [ ] fourth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 1 contract
Sources: Incentive Stock Option Agreement (Ophthotech Corp.)
Vesting Schedule. This option will become exercisable (“vest”) as to [ ]% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional % of the original number of Shares pro-rata thereafter on a monthly basis at the end of each successive [ ] period following the [ ] first anniversary of the Grant Date until the [ ] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 1 contract
Sources: Incentive Stock Option Agreement (Arbinet Thexchange Inc)
Vesting Schedule. This option will become exercisable (“"vest”") as to 25% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 6.25% of the original number of Shares at the end of each successive [ ] three-month period following the [ ] first anniversary of the Grant Date until the [ ] fourth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 1 contract
Vesting Schedule. This option will become exercisable (“vest”) as to [ ]% of the original number of Shares on the [ ] anniversary of the Grant Date and as to an additional [ ] % of the original number of Shares at the end of each successive [ ] period following the [ ] first anniversary of the Grant Date until the [ ] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 1 contract
Sources: Nonstatutory Stock Option Agreement (Pc Connection Inc)
Vesting Schedule. This option will become exercisable (“vest”) as to 33 1/3% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 33 1/3% of the original number of Shares at the end of each successive [ ] one-year period following the [ ] first anniversary of the Grant Date until the [ ] third anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Planhereof.
Appears in 1 contract
Vesting Schedule. (a) This option will become exercisable (“"vest”") as to 25% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 6.25% of the original number of Shares at the end of each successive [ ] three-month period following the [ ] first anniversary of the Grant Date until the [ ] fourth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 1 contract
Vesting Schedule. This option will become exercisable (“vest”) as to % of the original number of Shares on the [ ] anniversary of the Grant Date and as to an additional 2.778% of the original number of Shares at the end of each successive one-month period following [ ] period following (the [ ] “Vesting Commencement Date”) until the option is fully vested on the third anniversary of the Grant Date until the [ ] anniversary of the Grant Vesting Commencement Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 1 contract
Sources: Nonstatutory Stock Option Agreement (TransMedics Group, Inc.)
Vesting Schedule. This option will become exercisable (“vest”) as to 25% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 75% of the original number of Shares at the end of each successive [ ] monthly period following the [ ] first anniversary of the Grant Date until the [ ] fourth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 1 contract
Sources: Nonstatutory Stock Option Agreement (Norpac Technologies, Inc.)
Vesting Schedule. This option will become exercisable (“vest”) as to % of the original number of Shares on the [ ] anniversary of the Grant Date and as to an additional % of the original number of Shares at the end of each successive [ ] -month period following the [ ] first anniversary of the Grant Date until the [ ] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 1 contract
Vesting Schedule. This option will become exercisable (“"vest”") as to 20% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 20% of the original number of Shares at the end of each successive [ ] one year period following the [ ] first anniversary of the Grant Date until the [ ] fifth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan. Notwithstanding the foregoing, upon the occurrence of a Change in Control (as defined below), this option will automatically vest as to all previously unvested Shares.
Appears in 1 contract
Vesting Schedule. This option will become exercisable (“vest”) as to [ ]% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional [ ]% of the original number of Shares at the end of each successive [ ] period following the [ ] first anniversary of the Grant Date until the [ ] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 1 contract
Vesting Schedule. This option will become exercisable (“vest”) as to % of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 6.25% of the original number of Shares at the end of each successive [ ] three-month period following the [ ] first anniversary of the Grant Date until the [ ] fourth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 1 contract
Sources: Incentive Stock Option Agreement (Achillion Pharmaceuticals Inc)
Vesting Schedule. This option will become exercisable (“vest”) as to 20% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 5% of the original number of Shares at the end of each successive [ ] three-month period following the [ ] first anniversary of the Grant Date until the [ ] fifth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 1 contract
Vesting Schedule. This option will become is immediately exercisable (“vestVested”) as to 33% of the original number of Shares on the [ ] anniversary of Grant Date. As to the Grant Date and remaining 67% Shares, this Option will become exercisable as to an additional % of the original number of [ ] Shares at the end of each successive [ ] period calendar month following the [ ] anniversary of the Grant Date until the [ ] third anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option Option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested Vested until the earlier of the Final Exercise Date or the termination of this option Option under Section 3 hereof or the Planhereof.
Appears in 1 contract
Sources: Nonstatutory Stock Option Agreement (Boston Life Sciences Inc /De)
Vesting Schedule. This option will become exercisable (“vest”) as to [ ]% of the original number of Shares on the [ ] anniversary of the Grant Date and as to an additional [ ]% of the original number of Shares at the end of each successive [ ] period following the [ ] first anniversary of the Grant Date until the [ ] anniversary of the Grant Date. Date The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 1 contract
Sources: Incentive Stock Option Agreement (Collagenex Pharmaceuticals Inc)
Vesting Schedule. This option will become exercisable (“vest”) as to % of the original number of to: • # SHARES Shares on the [ ] first anniversary of the Grant Date and as to an additional % date of the original number Agreement; • Qtrly Shares Shares (of Shares at # total “remaining balance”) each quarter end after the end of each successive [ ] period following first anniversary through the [ ] fourth anniversary of the Grant Date until the [ ] anniversary date of the Grant DateAgreement. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 1 contract
Vesting Schedule. This option will become exercisable (“vest”) as to 25% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 2.0833 % of the original number of Shares at the end of each successive [ ] one month period following the [ ] first anniversary of the Grant Date until the [ ] fourth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 1 contract
Sources: Nonstatutory Stock Option Agreement (Ophthotech Corp.)
Vesting Schedule. This option will become becomes exercisable (“vest”) as to 25% of the original number of Shares on (the [ ] anniversary of the Grant Date “Vesting Date”) and as to an additional 6.25% of the original number of Shares at the end of each successive [ ] three-month period following the [ ] Vesting Date until the third anniversary of the Grant Date until the [ ] anniversary of the Grant Vesting Date. The right of exercise shall be is cumulative so that that, to the extent the option is not exercised in any period to the maximum extent permissible permissible, it shall continue continues to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Appears in 1 contract
Sources: Nonqualified Share Option Agreement (Vistaprint N.V.)