Vesting and Exercise. Once vested, this Warrant may be exercised as -------------------- to such vested portion whether or not at the time of such exercise the Warrantholder is an employee of (or consultant to) the Company (or one or more of its subsidiaries); however, this Warrant shall automatically terminate as to any unvested portion at any such time as the Warrantholder is no longer employed by (or a consultant to) the Company (or any of its subsidiaries). If this Warrant is not exercised prior to 5:00 P.M. on the Expiration Date (or the next succeeding Business Day, if the Expiration Date is a Nonbusiness Day), this Warrant, or any new Warrant issued pursuant to Section 1.1, shall cease to be exercisable and shall become void and all rights of the Warrantholder hereunder shall cease. This Warrant shall not be exercisable, and no Warrant Shares shall be issued hereunder, prior to 9:00 A.M., New York City time, on the applicable Exercise Date.
Vesting and Exercise. This Warrant may be vested and, once vested, may be exercised whether or not, at the time of such vesting or exercise, as the case may be, Xx. Xxxxxx is an Employee of the Company. If this Warrant is not exercised prior to 5:00 P.M. on the Expiration Date (or the next succeeding Business Day, if the Expiration Date is a Nonbusiness Day), this Warrant, or any new Warrant issued pursuant to Section 1.1, shall cease to be exercisable and shall become void and all rights of the Warrantholder hereunder shall cease. This Warrant shall not be exercisable, and no Warrant Shares shall be issued hereunder, prior to 9:00 A.M., New York City time, on the Exercise Date.
Vesting and Exercise. One third (33.3%) of the Option shall be vested and exercisable on the first anniversary of the grant of the Option, an additional one third (33.3%) of the Option shall be vested and become exercisable on the second anniversary of the grant of the Option and the remaining one third (33.4%) of the Options shall be vested and become exercisable on third anniversary of the grant of the Option.
Vesting and Exercise. As long as you remain in compliance with the terms of the Plan and the Regulations, this Award will not be forfeitable, will become exercisable on the Vest Date, and will expire on the Expiration Date. In the event of death, the Vest Date for this Award becomes your date of death and the Award remains exercisable until the Expiration Date. This Award Agreement, including Attachment A, the Plan and Regulations of the Committee together constitute an agreement between the Company and you in accordance with the terms thereof and hereof, and no other understandings and/or agreements have been entered by you with the Company regarding this specific Award. Any legal action related to this Award, including Article 6 of the Plan, must be brought in any federal or state court located in Hamixxxx Xxxnty, Ohio, USA, and you hereby agree to accept the jurisdiction of these courts and consent to service of process from said courts solely for legal actions related to this Award. You do not need to do anything further to accept this Award under the terms of the Plan. Attachment A is a copy of the Employee Acknowledgement and Consent Form that you completed when you elected to receive your STAR award in options. THE PROCTER & GAMBXX XXXPANY Mark Xxxxxxx Chief Human Resources Officer ATTACHMENTS FORM STAR-AA Attachment A (EMPLOYEE ACKNOWLDEGEMENT & CONSENT FORM FOR STAR OPTIONS) Please note that when the issue or transfer of the Common Stock covered by this Award may, in the opinion of the Company, conflict or be inconsistent with any applicable law or regulation of any governmental agency, the Company reserves the right to refuse to issue or transfer said Common Stock and that any outstanding Awards may be suspended or terminated and net proceeds may be recovered by the Company if you fail to comply with the terms and conditions governing this Award.
Vesting and Exercise. Fifty percent (50%) of the options granted on the Grant Date shall be vested and exercisable from and after the Grant Date and the remaining fifty percent (50%) of the options granted on the Grant Date shall vest and become exercisable on the first anniversary of the Grant Date. Subsequent grants of stock options shall vest and be exercisable pursuant to the terms and conditions of the Stock Option Plan.
Vesting and Exercise. The Option may be exercised only in accordance with the Plan, as supplemented by this Agreement, and not otherwise.
Vesting and Exercise. The Award shall become vested and exercisable in accordance with the following table: Installment Vesting Date Applicable to Installment [general] 25% 25% 25% 25% [1st anniv. GD] [2d anniv. GD] [3d anniv. GD] [4th anniv. GD] The Award will be fully vested and exercisable in the event of a Change in Control, as defined in the Plan. In the event of a Change in Control that constitutes a Covered Transaction (as defined in Section 7.3(c) of the Plan), the Committee may, in its sole discretion, terminate any or all outstanding Options as of the effective date of the Covered Transaction; provided that the Committee may not terminate an Option outstanding under this Agreement earlier than 20 days following the later of (i) the date on which the Award became fully exercisable, and (ii) the date on which the Participant received written notice of the Covered Transaction. Unless otherwise provided in this Agreement or the Plan, if the date of Participant’s termination of Service with the Company, as defined in the Plan, precedes the relevant Vesting Date, an installment shall not vest on the otherwise applicable Vesting Date and all Options subject to such installment shall immediately terminate as of the date of such termination of Service.
Vesting and Exercise. Each stock option agreement specifies the term of the option and the date or dates when the option becomes exercisable. The terms of vesting are determined by the Administrator. Options granted by us to newly hired employees generally vest over a five year period. Subject to continued employment with Agile, 20% of the shares subject to the option vest 12 months following the date of grant and then 1/60th of the shares subject to the option vest each month thereafter. Retention and promotion grants may have other vesting terms, and often vest over a shorter period of time. The New Options granted through the offer will vest upon the same schedule as the applicable corresponding Eligible Option or Required Option that was returned for exchange (except that the number of shares vesting each month will be adjusted for the fact that the New Options will be exercisable for 75% of the shares for which the corresponding returned option was exercisable), as follows: . any tendered option that was fully vested on the date that the offer expires will be fully vested; . any portion of an option unvested on the date the offer expires that would have been fully vested on the date the New Option is granted (at least six months and one day from the date this offer expires) will be fully vested on the date that the New Option is granted (but for 75% of the shares for which the returned option would have been vested); and . any remaining unvested portion of an option will continue to vest during the period of cancellation and shall have a vesting schedule that is equivalent to what would have been in place had the cancelled option remained in effect (except that the number of shares vesting each month will be adjusted for the fact that the New Options will be exercisable for 75% of the corresponding returned option). For example: . An employee tenders for cancellation of an option that is 20/60th vested at the time of cancellation. . The New Option is granted six months and one day after cancellation of the old option. . The New Option will be 26/60th (plus one day) vested at the time of grant, but will only be exercisable for 75% of the shares subject to the tendered option.
Vesting and Exercise. The stock option to be granted pursuant to this Section shall vest and become exercisable as follows: 1/3 upon the second anniversary of the grant date, 1/3 upon the third anniversary of the grant date and 1/3 on the fourth anniversary of the grant date. Subsequent stock options granted to the Executive shall vest pursuant to the terms and conditions of the Plan.
Vesting and Exercise. (a) Except as set forth below, the Option shall vest and become exercisable in installments as provided below, which shall be cumulative. To the extent that the Option has become vested and exercisable as provided below, the Option thereafter may be exercised by the Participant, in whole or in part, at any time or from time to time prior to the expiration or earlier termination of the Option as provided herein and in accordance with Section 6.3(d) of the Plan, including, without limitation, the filing of such written form of exercise notice, if any, as may be required by the Committee or the Company and the payment in full of the Option Price multiplied by the number of Option Shares underlying the portion of the Option exercised. Upon expiration of the Option, the Option shall be canceled and no longer exercisable. The following table indicates each date upon which the Participant shall be vested and entitled to exercise the Option with respect to the percentage of the Option Shares indicated beside such date, provided that the Participant has not had a Termination of Employment any time prior to such date (each of the dates set forth below being herein called a “Vesting Date”): Percentage of Option Shares Vesting Date Vested First Anniversary of Grant Date 25% Second Anniversary of Grant Date 50% Third Anniversary of Grant Date 75% Fourth Anniversary of Grant Date 100%
