Common use of Right of Exercise Clause in Contracts

Right of Exercise. This Option is exercisable at any time during the Option Period, in whole or in part; provided, however, that this Option may only be exercisable to acquire whole shares of Common Stock.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Somerset Capital Partners), Exhibit Ix (Somerset Capital Partners)

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Right of Exercise. This Incentive Option is exercisable at any time during the term of this Incentive Option PeriodAgreement, in whole or in part, to acquire those Shares that have vested in accordance with this Incentive Option Agreement; provided, however, that this Incentive Option may only be exercisable to acquire whole shares of Common Stock.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Southern Mineral Corp)

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Right of Exercise. This Option is exercisable at any time during the Option Periodexercise period, in whole or in part; provided, however, that this Option may only be exercisable to acquire whole shares of Common Stock.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Grey Wolf Inc)

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