Vesting and Exercise Periods of Option Sample Clauses

Vesting and Exercise Periods of Option. Provided Participant continues to provide services to the Company or any Subsidiary, Parent or Affiliate of the Company throughout the specified period, the Option shall become exercisable as to 25% of the Total Option Shares on the date twelve months after the Vesting Start Date specified above and shall be exercisable as to an additional 2.0833% of the Total Option Shares at the end of each full succeeding month thereafter until this Option is exercisable with respect to 100% of the Shares.
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Vesting and Exercise Periods of Option. This Option -------------------------------------- shall be exercisable as it vests. Subject to the terms and conditions of this Agreement, this Option shall become exercisable as to portions of the Shares as follows: (a) this Option shall not be exercisable with respect to any of the Shares until the expiration of six (6) months from the Vesting Start Date or April 2, 1999 (the "First Vesting Date"); (b) if Optionee has continuously provided services to the Company, at all times during the time period beginning on the Vesting Start Date and ending on the First Vesting Date, then on the First Vesting Date, this Option shall become exercisable as to Twelve percent (12%) of the Shares (2,400 Shares); and (c) thereafter this Option shall become exercisable as to an additional Two percent (2%) of the Shares (400 Shares) upon the expiration of each full calendar month for the next succeeding Forty-four (44) months provided that Optionee has continuously provided services to the Company at all times during the relevant month; and provided further that this Option shall cease to vest upon Optionee's Termination and that Optionee shall in no event be entitled under this Option to purchase a number of shares of the Company's Common Stock greater than the "Total Option Shares." For purposes of this Option, Optionee will be deemed to continue in service with the Company for so long as Optionee renders services as an employee, director or independent consultant to the Company or any Subsidiary or Parent of the Company.
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Vesting and Exercise Periods of Option. Fifty Thousand (50,000) of the Option Shares will vest on April 6, 2000.
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Vesting and Exercise Periods of Option. The Option Shares will -------------------------------------- vest at the end of seven (7) full years of the Participant's Continuous Status as an Employee or Consultant, subject to the provisions related to option vesting contained in any Employment and Noncompete Agreement entered into between the Company and the Participant. Notwithstanding the vesting described in the previous sentence:
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Vesting and Exercise Periods of Option. Provided Participant continues to provide services to the Company or any Subsidiary, Parent or Affiliate of the Company throughout the specified period, the Option shall become exercisable according to the terms set forth in the Notice until this Option is exercisable with respect to 100% of the Shares.
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Vesting and Exercise Periods of Option. The Option will vest as to 25% of the Shares at the end of twelve (12) full months of continuous service with the Company. Thereafter the option will vest in a series of thirty-six (36) successive equal monthly installments over Participant's period of service with the Company with each monthly installment equal to 2.08% of the total number of shares in the option (20,833.33 shares) on the last day of each month over the thirty-six (36) month period. For purposes of such Option, Participant will be deemed to continue in service with the Company for so long as he renders services as an employee, director or independent consultant to the Company or any Subsidiary, Parent or Affiliate of the Company; provided, however, that in the event that Participant is terminated as President of the Company whether actually or pursuant to a Constructive Termination (as defined in Participant's Employment Agreement with the Company attached hereto as Exhibit A) (the
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Vesting and Exercise Periods of Option. This Option will -------------------------------------- vest as to all of the Shares on the Vesting Date, provided Optionee is -------- continuously in the service of the Company from the Date of Grant through the Vesting Date. For purposes of this Option, Optionee will be deemed in service of the Company for so long as Optionee renders services as a full time employee of the Company or any Subsidiary or Parent of the Company. Notwithstanding the foregoing, all of the Shares shall vest upon the occurrence of any of the following events: (the closing of the merger of the Company with and into an unaffiliated corporation; (ii) the sale of all or substantially all of the assets of the Company; or (iii) the involuntary Termination (as defined in Section 3, below) of Optionee for any reason other than Cause. For purposes of the foregoing, in the event of an involuntary Termination of Optionee, the Company's Board of Directors shall determine in good faith whether Optionee has been Terminated for Cause.
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Related to Vesting and Exercise Periods of Option

  • Vesting and Exercisability of Option The Option shall vest, and may be exercised, with respect to the Shares as set forth in the Optionee Statement attached hereto and made a part hereof, subject to earlier termination of the Option as provided in Sections 1.4 and 6 hereof or in the Plan. The right to purchase the Shares as they become vested shall be cumulative and shall continue during the Exercise Term unless sooner terminated as provided herein.

  • Vesting and Exercise of Option The Option shall vest and become exercisable during its term in accordance with the following provisions:

  • Vesting and Exercisability (a) No portion of this Stock Option may be exercised until such portion shall have vested.

  • Period of Exercisability Section 3.1 - Commencement of Exercisability ----------- ------------------------------

  • 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.

  • Grant and Exercise of Option Provided that (i) no Default has occurred and is then continuing (ii) the creditworthiness of Tenant is then reasonably acceptable to Landlord and (iii) Tenant originally named herein or a Permitted Transferee remains in possession of the Leased Premises throughout the term immediately preceding the Extension Term (as defined below), Tenant shall have the option to extend the Lease Term for two (2) additional periods of five (5) years each (the "Extension Term(s)"). Each Extension Term shall be upon the same terms and conditions contained in the Lease except (x) this provision giving two (2) extension options shall be amended to reflect the remaining options to extend, if any, and (y) any improvement allowances or other concessions applicable to the Leased Premises under the Lease shall not apply to the Extension Term, and (z) the Minimum Annual Rent shall be adjusted as set forth below (the "Rent Adjustment"). Tenant shall exercise each option by delivering to Landlord, no later than twelve (12) months prior to the expiration of the preceding term, written notice of Tenant's desire to extend the Lease Term. Tenant's failure to timely exercise such option shall be deemed a waiver of such option and any succeeding option. Landlord shall notify Tenant of the amount of the Rent Adjustment no later than one hundred eighty (180) days prior to the commencement of the Extension Term. Tenant shall be deemed to have accepted the Rent Adjustment if it fails to deliver to Landlord a written objection thereto within thirty (30) days after receipt thereof. If Tenant exercises its option to extend in accordance with the terms hereof, Landlord and Tenant shall execute an amendment to the Lease reflecting the terms and conditions of the Extension Term within thirty (30) days after Tenant's acceptance (or deemed acceptance) of the Rent Adjustment.

  • Vesting; Time of Exercise Except as specifically provided in this Agreement and subject to certain restrictions and conditions set forth in the Plan, the Optioned Shares shall be vested and the Stock Option shall be exercisable as follows:

  • Duration and Exercisability A. This option may not be exercised by Employee until the expiration of two (2) years from the date of grant, and this option shall in all events terminate ten (10) years after the date of grant. During the first two years from the date of grant of this option, no portion of this option may be exercised. Thereafter this option shall become exercisable in four cumulative installments of 25% as follows: Total Portion of Option Date Which is Exercisable ---- -------------------- Two Years after Date of Grant 25% Three Years after Date of Grant 50% Four Years after Date of Grant 75% Five Years after Date of Grant 100% In the event that Employee does not purchase in any one year the full number of shares of Common Stock of the Company to which he/she is entitled under this option, he/she may, subject to the terms and conditions of Section 3 hereof, purchase such shares of Common Stock in any subsequent year during the term of this option.

  • Vesting of Options The Option shall vest (become exercisable) in accordance with the vesting schedule shown on page 1 of this Award Agreement. Notwithstanding the vesting schedule on page 1, the Option will also vest and become exercisable:

  • Duration of Exercisability The installments provided for in Section 3.1 are cumulative. Each such installment which becomes exercisable pursuant to Section 3.1 shall remain exercisable until it becomes unexercisable under Section 3.3.

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