Date Exercisable definition

Date Exercisable. This option may be exercised, in whole or in part, for 100% of the Shares subject to this option at any time after the Date of Grant.

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Date Exercisable. The Option shall become exercisable with respect to, (i) eight and one-third percent (81/3%) of the Option Shares upon Optionee's completion of three (3) months of Service measured from the Vesting Commencement Date and (ii) the balance of the Option Shares in a series of thirty-three (33) successive equal monthly installments upon Optionee's completion of each additional month of Service over the thirty-three (33)-month period measured from three month anniversary of the Vesting Commencement Date. In no event shall the Option become exercisable for any additional Option Shares after Optionee's cessation of Service. Optionee understands and agrees that the Option is subject to the terms and conditions of the Stock Option Agreement attached hereto as Exhibit A and agrees to be bound by those terms and conditions.

Date Exercisable is accelerated as a result of the attainment of the above objectives under the Vesting Schedule, all or a portion of this Option may be deemed a Non-Statutory Stock Option. Expiration Date: April 5, 2009 By your signature and the signature of the Company's representative below, you and the Company agree that this Option is granted under and governed by the terms and conditions of the 1998 Stock Plan (the "Plan"), this Stock Option Agreement, the Stock Purchase Agreement and the Buy-Sell Provisions attached to the Stock Purchase Agreement. Any terms not defined herein are defined in the Plan. OPTIONEE: IC GLOBAL SERVICES, INC.: /s/ ▇▇▇▇▇ ▇ ▇▇▇▇▇▇ By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇ --------------------------- ------------------------------------ ▇▇▇▇▇ ▇ ▇▇▇▇▇▇ Title: Chairman and Chief --------------------------- --------------------------------- Print Name Strategic Officer ----------------- (1) EXAMPLE: Let's assume the following: (1) the exchange ratio in the Corporate Transaction is .5; (2) the Corporate Transaction valued the value of the Company by referring to the closing price of the acquiring corporation's securities on the date of the closing of the Corporate Transaction and that closing price is equal to $40/share. Thus, the value of each Share of the Company is valued at $20/share ($40(.5)) at the closing of the Corporate Transaction, and the Unvested Repurchase Right lapses as to 97,500 Shares subject to this Option. The remaining 32,500 Shares become vested if the acquiring corporation's securities trade for a 20-day period at a price of at least $44/share. THIS OPTION AND THE SECURITIES WHICH MAY BE PURCHASED UPON EXERCISE OF THIS OPTION HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH THE SALE OR DISTRIBUTION THEREOF. NO SALE, TRANSFER OR DISTRIBUTION OF THIS OPTION OR THE SECURITIES WHICH MAY BE PURCHASED UPON EXERCISE OF THIS OPTION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATING THERETO OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED. THE SHARES WHICH MAY BE PURCHASED UPON EXERCISE OF THIS OPTION MAY BE TRANSFERRED ONLY IN ACCORDANCE WITH THE TERMS OF A STOCK PURCHASE AGREEMENT, A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY, TO BE ENTERED INTO BETWEEN OPTIONEE AND THE COMPANY AS A CONDITION TO THE EXERCISE OF THIS OPTION. IC GLOBAL SERVICES, INC. STOCK OPTION AGR...

Examples of Date Exercisable in a sentence

Optionee: Grant Date: Exercise Price per Share: Number of Option Shares: Expiration Date: Type of Option: Date Exercisable: Vesting Schedule: Part II of this Agreement is attached hereto and incorporated herein for all purposes.
Option shall become vested and exercisable in installments as set forth below: Number of Shares Date Exercisable ---------------- ---------------- After the Option becomes exercisable, it may thereafter be exercised, as to the number of shares becoming exercisable, at any time and from time to time until ten (10) years after the effective date hereof, or for such other period set forth in Paragraph 5 hereof.
The options granted pursuant to this Grant shall not be immediately exercisable, but shall be exercisable according to the following schedule: Number of Option Shares Date Exercisable ----------------------- ---------------- 2,500 April 30, 2003 2,500 April 30, 2004 2,500 April 30, 2005 2,500 April 30, 2006 No portion of this Grant shall be exercisable after the sixth anniversary of the Grant Date.
The Options are exercisable as follows: ------------------ Number of Shares Date Exercisable ---------------- ---------------- 500 May 1, 2001 The Options shall remain exercisable, subject to the provision of this Option Agreement, until the expiration of the term of this Option as set forth in Paragraph 3 or until other termination of the option.
If the termination of employment is due to the Optionee’s retirement on or after age 55 and completion of at least five (5) years of Company service, this Award ’s tranches shall continue to vest and become exercisable on each respective Scheduled Date Exercisable, remaining exercisable until the Expiration Date.
This Option shall become exercisable according to the following schedule: Number of Shares Date Exercisable Once the Option becomes exercisable to the extent of one hundred percent (100%) of the aggregate number of shares specified in Paragraph 1, Optionee may continue to exercise this Option under the terms and conditions of this Agreement until the termination of the Option as provided herein.
Shares Anniversary of Becoming Grant Date: Exercisable First 116,666 shares Second 116,667 shares Third 116,667 shares Company: Mediware Information Systems, Inc.
Subject to all of the terms and conditions of this ---------------- Agreement, ELCOM hereby grants to EMPLOYEE options to purchase a total of Shares of ELCOM's common stock at the price of per share in accordance with the following schedule: Number of Shares Date Exercisable Expiration Date ---------------- ---------------- --------------- Any Options not exercised by the Expiration Date listed above shall be terminated in full for all purposes whatsoever.
Number of Shares Date Exercisable ---------------- ---------------- [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] Options that become exercisable in accordance with the foregoing shall remain exercisable, subject to the provisions of the Plan and this Option Agreement, until the expiration of the term of the Options as set forth in Section 3 hereof or until other termination of the Options.
If the termination of employment is due to retirement on or after age 62, the Optionee may, effective as of each tranche’s Scheduled Date Exercisable, exercise these Stock Options until the Expiration Date.

More Definitions of Date Exercisable

Date Exercisable. The Option shall become exercisable in a series of successive equal monthly installments upon the Optionee's completion of each month of service following the Vesting Commencement Date

Date Exercisable. The Option shall become exercisable for all the Option Shares upon the Optionee's completion of six (6) months of Service measured from the Grant Date.

Date Exercisable. This Option may be exercised, in whole or in part, for 26,923 of the Shares subject to this Option at any time after the Grant Date; for 76,923 of the Shares subject to this Option at any time after December 31, 1999; and for 26,154 of the Shares subject to this Option at any time after December 31, 2000. Vesting Commencement Date: April 6, 1999