TIMES OF EXERCISE OF STOCK OPTION. After, and only after, the conditions of Section 8 hereof have been satisfied, the Participant shall be eligible to exercise that portion of his/her Stock Options pursuant to the schedule set forth hereinafter. If the Participant's employment with the Company (or of any one or more of the Subsidiaries of the Company) remains full-time and continuous at all times prior to any of the "Exercise Dates" set forth in this Section 2, then the Participant shall be entitled, subject to the applicable provisions of the Plan and this Option Agreement having been satisfied, to exercise on or after the applicable Exercise Date, on a cumulative basis, the number of shares of Stock determined by multiplying the aggregate number of shares set forth in Section 1 of this Option Agreement by the designated percentage set forth below. Percent of Stock Exercise Dates Option Exercisable ----------------------------------------------------------------- On or After ______________ 25% On or After ______________ 50% On or After ______________ 75% On or After ______________ 100%
TIMES OF EXERCISE OF STOCK OPTION. After, and only after, the conditions of Section 9 hereof have been satisfied, the Participant shall be eligible to exercise the Stock Option pursuant to the vesting schedule set forth on the Notice (the “Vesting Schedule”). If the Participant’s employment with the Company (or of any one or more of the Subsidiaries of the Company) remains full-time and continuous at all times prior to any of the exercise dates specified on the Notice (the “Exercise Dates”), then the Participant shall be entitled, subject to the applicable provisions of the Plan and this Option Agreement having been satisfied, to exercise the Stock Option and purchase on or after the applicable Exercise Date, on a cumulative basis, the number of shares of Stock determined by multiplying the aggregate number of shares of Stock subject to the Stock Option set forth on the Notice by the designated percentage set forth on the Notice.
TIMES OF EXERCISE OF STOCK OPTION. The Participant shall be eligible to exercise his Stock Option only after the Company has repaid The Beard Company ("Beard") for all advances made by Beard to the Xxxxany pursuanx xx the Subscription Agreement axxxxxed as Exhibit "A" plus any accrued interest and Beard's initial $32,000 investment in the Company (the "Exercxxx Xxxnt"). In addition, the conditions of Section 8 hereof must be satisfied before the Participant shall be eligible to exercise his Stock Option. If the Participant's employment with the Company (or its parent or of any one or more of the subsidiaries of the Company) remains full-time and continuous at all times prior to the Exercise Event, then the Participant shall be entitled, subject to the applicable provisions of this Option Agreement having been satisfied, to exercise on or after the applicable Exercise Event, on a cumulative basis, the number of shares of Stock set forth in the foregoing Section 1.
TIMES OF EXERCISE OF STOCK OPTION. The Stock Option shall be fully exercisable on and after the Grant Date.
TIMES OF EXERCISE OF STOCK OPTION. After, and only after, the conditions of Section 11 hereof have been satisfied, the Participant shall be eligible to exercise the Stock Option pursuant to the vesting schedule set forth on the Notice (the "Vesting Schedule"). If the Participant is employed continuously as an Employee at all times prior to any of the exercisable dates specified on the Notice (the "Exercisable Dates"), then the Participant shall be entitled, subject to the applicable provisions of the Plan and this Option Agreement having been satisfied, to exercise the Stock Option and purchase on or after the applicable Exercisable Date, on a cumulative basis, the number of shares of Stock as set forth on the Notice.
TIMES OF EXERCISE OF STOCK OPTION. On and after the Date of Grant, the Participant shall be entitled, subject to the applicable provisions of the Plan and this Option Agreement having been satisfied, to exercise the Stock Option and purchase, on a cumulative basis, the number of shares of Stock subject to the Stock Option set forth on the Notice.
TIMES OF EXERCISE OF STOCK OPTION. Each installment of Covered Shares of the Stock Option shall be exercisable on and after the Vesting Date for such installment as described in the following schedule (but only if the Participant’s Date of Termination has not occurred before the Vesting Date): Vesting Schedule Vesting Date Percent of Award Vested «Vestdate1» 20 % «Vestdate2» 20 % «Vestdate3» 20 % «Vestdate4» 20 % «Vestdate5» 20 %
TIMES OF EXERCISE OF STOCK OPTION. After, and only after, the conditions of Section 9 hereof have been satisfied, the Executive shall be eligible to exercise that portion of his Stock Options pursuant to the schedule set forth hereinafter. If the Executive's employment with the Company (or of any one or more of the Subsidiaries of the Company) remains full-time and continuous at all times prior to any of the "Exercise Dates" set forth in this Section 3, then the Executive shall be entitled, subject to this Option Agreement having been satisfied, to exercise on or after the applicable Exercise Date, on a cumulative basis, the number of shares of Stock determined by multiplying the aggregate number of shares set forth in Section 2 of this Option Agreement by the designated percentage set forth below. Percent of Stock Exercise Dates Option Exercisable -------------------------------------------------------------------------------- On or After December 18, 2002 50% On or After December 18, 2003 100%
TIMES OF EXERCISE OF STOCK OPTION. After, and only after, the conditions of Section 9 hereof have been satisfied and the Company's shareholders have approved the Plan in accordance with the provisions of Section 21 of the Plan, the Participant shall be eligible to exercise the Stock Option pursuant to the vesting schedule set forth on the Cover Page (the "Vesting Schedule"). If the Participant's employment with the Company (or of any one or more of the Subsidiaries of the Company remains full-time and continuous at all times prior to any of the exercise dates specified on the Cover Page (the "Exercise Dates"), then the Participant shall be entitled, subject to the applicable provisions of the Plan and this Option Agreement having been satisfied, to exercise on or after the applicable Exercise Date, on a cumulative basis, the number of shares of Stock determined by multiplying the aggregate number of shares set forth on the Cover Page by the designated percentage set forth on the Cover Page.
TIMES OF EXERCISE OF STOCK OPTION. After, and only after, the conditions of Section 9 and 10 hereof have been satisfied, the Participant shall be eligible to exercise that portion of this Option pursuant to the schedule set forth in paragraph 1(f) above. If the Participant remains employed by with the Company at all times prior to any of the “Exercise Dates” specified in paragraph 1(f), then the Participant shall be entitled, subject to the applicable provisions of the Plan and this Option Agreement having been satisfied, to exercise on or after the applicable Exercise Date, on a cumulative basis, the number of shares of Common Stock determined by multiplying the aggregate number of shares set forth in paragraph 1(c) by the designated percentage set forth in paragraph 1(f).
