Early Exercise definition

Early Exercise means the exercise of a Stock Option prior to vesting in accordance with the applicable provisions of this Plan and the Award agreement evidencing the Stock Option. “Repurchase Rights” means the right the Company may have pursuant to this Plan or an Award agreement to repurchase unvested shares of Common Stock that the applicable Participant may have received through Early Exercise of a Stock Option or through an Award of Restricted Stock at the same price that such Participant paid (if any).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Early Exercise. If it is indicated in Section 2 that “early exercise” of your Option is permitted, then you may elect, at any time that is both during the period of your full- or part-time employment or service with the Company or any of its Related Entities that employ you, as the case may be, and during the term of your Option, to exercise all or part of your Option, including the unvested portion of your Option; provided, however, that (i) a partial exercise of your Option shall be deemed to first cover vested Shares and then cover the earliest vesting installment of unvested Shares, (ii) any Shares so purchased from installments that have not vested as of the date of exercise shall be subject to the repurchase option in favor of the Company as described in the Company’s form of Early Exercise Stock Purchase Agreement, a copy of which will be provided to you at the time you elect to “early exercise” your Option, and (iii) you shall enter into the Company’s form of Early Exercise Stock Purchase Agreement with a vesting schedule that will result in the same vesting as if no early exercise had occurred.

Early Exercise shall have the meaning ascribed to such term in Section 1 below.

Examples of Early Exercise in a sentence

Notwithstanding anything to the contrary in this Confirmation, the receipt by Dealer from Counterparty, within the applicable time period set forth under “Notice of Exercise” above, of any Notice of Exercise in respect of Capped Note Hedging Units that relate to Early Exercise Convertible Notes shall constitute an Additional Termination Event as provided in this paragraph.
In the event that the Board, in its sole discretion, permits early exercise of the Option, the Participant shall be required to execute and deliver to the Company the Early Exercise Unvested Share Repurchase Agreement, using the form attached to this Option Agreement in Exhibit B, in connection with such early exercise of the Option.
The Company may in its sole and absolute discretion prohibit you from undertaking an Early Exercise at any time prior to the expiration of six (6) months from the Date of Grant.
Signature By Print Name Title Residence Address [signature page to Stock Option Agreement -- Early Exercise] EXHIBIT A --------- 1996 STOCK PLAN EXERCISE NOTICE OnDisplay, Inc.
The Participant recognizes and agrees that the Unvested Option Shares which are subject to the Early Exercise Repurchase Right may not be sold, transferred, assigned, hypothecated, pledged, encumbered or otherwise disposed of, whether voluntarily or by operation of law, other than to the Company (or its designee, as the case may be).
The Early Exercise Repurchase Right shall be exercisable by written notice (the “Repurchase Notice”) delivered to the Participant prior to the expiration of Repurchase Period.
The Early Exercise ESPP Date will be as close to the Effective Time as is administratively practicable.
This Option shall be deemed to be early exercised upon receipt by the Company of such fully executed Early Exercise Notice, Restricted Stock Purchase Agreement, and aggregate Exercise Price.
The specific terms and conditions of the transfer of such stock to the Executive shall be governed by an "Early Exercise Stock Purchase Agreement" in a form approved by the Company.
Amended and Restated 1998 Stock Option Plan, as amended from time to time (the "OPTION PLAN"), the Nonqualified Stock Option Agreement for Executives, the Incentive Stock Option Agreement, the Early Exercise Stock Repurchase Agreement, if any, and the Employee Stock Agreement (collectively, the "OPTION AGREEMENTS").

More Definitions of Early Exercise

Early Exercise shall have the meaning ascribed to such term in the Warrant Issuance Agreement.

Early Exercise means the exercise of the Warrant following receipt of an Early Change of Control Notice.

Early Exercise of your Option is permitted) and subject to the provisions of your Option, you may elect at any time that is both (i) during the period of your continuous service as an employee or consultant and (ii) during the term of your Option, to exercise all or part of your Option, including the unvested portion of your Option; provided, however, that:

Early Exercise means the first exercise of this Warrant within any 20 consecutive Trading Day period that occurs on an Replacement Warrant Exercise Eligibility Date.

Early Exercise. |_| If this box is checked, the Participant may exercise this Option before vesting occurs, in accordance with Section 6(i) of the Plan.

Early Exercise has the meaning given to it in Section 5.2.