Limits on Exercise. As set forth on the cover page of this Option Agreement, the Option shall vest and become exercisable in percentage installments of the aggregate number of shares of Common Stock subject to the Option. The Option may be exercised only to the extent the Option is vested and exercisable.
Limits on Exercise. Subject to the other provisions of these Rules, an Option shall be exercisable in its entirety at grant or at such times and in such amounts as are specified in the Option Agreement. Notwithstanding the terms of the Rules and any Option Agreement, as amended, in the event that the shares of the Company are de-listed from the London Stock Exchange and the New York Stock Exchange, all unvested Options shall vest immediately prior to such de-listing. For the purposes of this Rule an Option is "unvested" if it is not exercisable and an Option vests when it becomes exercisable for the first time.
Limits on Exercise. As set forth on the cover page of this Option Agreement, the Option shall vest in percentage installments of the aggregate number of shares of Common Stock subject to the Option.
Limits on Exercise. Notwithstanding the provisions of Sections 1 ------------------ and 2 of this Agreement, the Options shall not be exercisable, shall expire and shall be null and void after August 15, 1995 if the Offer is not commenced on or prior to August 15, 1995.
Limits on Exercise. Notwithstanding anything to the contrary contained herein, the number of warrant shares that may be acquired by Investor upon any exercise of the Warrant (or otherwise in respect thereof) shall be limited to the extent necessary to insure that, following such exercise (or other issuance), the total number of shares of Common Stock then beneficially owned by Investor and its affiliates and any other persons whose beneficial ownership of Common Stock would be aggregated with Investor’s for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, does not exceed 4.9% of the total number of issued and outstanding shares of Common Stock (including for such purpose the shares of Common Stock issuable upon such exercise). This provision shall not restrict the number of shares of Common Stock which Investor may receive or beneficially own in order to determine the amount of securities or other consideration that Investor may receive in the event of customary fundamental transactions.
Limits on Exercise. As set forth in the Option Agreement, the Option may be exercised only to the extent the Option is then vested and exercisable.
Limits on Exercise. The Participant may only exercise the Option with respect to Option Shares to the extent the Option is vested with respect to such Option Shares. In no event shall any portion of the Option be exercisable after the Expiration Date. Notwithstanding any other provision of this Award Agreement, no portion of the Option shall be exercisable after the Participant’s Termination Date except to the extent that it is exercisable as of the Participant’s Termination Date.
Limits on Exercise. The Warrants issued hereunder shall not be exercisable if such exercise would involve a violation of any applicable federal or state securities law, and the Company hereby agrees to use commercially reasonable efforts to cooperate with each Holder so as to comply promptly with such securities laws at the time any exercise is requested. The Warrants issued hereunder shall not be exercisable unless under such laws at the time of exercise the Warrant Shares or other securities purchasable under the Warrant are exempt, are the subject matter of an exempt transaction, or are registered in accordance with such laws.
Limits on Exercise. The following rules shall apply to any exercise of the SARs pursuant to this Award Agreement:
