Schedule of Rights to Exercise. Percentage of Total Shares Awarded Which Are Date Options Non-forfeitable ---- ------- ---------------
Schedule of Rights to Exercise. Date Percentage of Total Total Shares Awarded Which Shares Become Non-Forfeitable Non-Forfeitable ---------------------- --------------- Upon grant..................... 50% ______
Schedule of Rights to Exercise. Twenty-five percent (25%) after one year from the date of grant; fifty percent (50%) after two years; seventy-five percent (75%) after three years; and one hundred percent (100%) after four years.
Schedule of Rights to Exercise. The Options shall vest and become exercisable fully on the Initial Vesting Date and shall expire at 5:30 P.M. Houston, Texas time, on April 21, 2004. The Initial Vesting Date shall mean the later of (i) the date the Plan is approved by the Company's shareholders or (ii) the date that the Company's Market Capitalization, as hereinafter defined, is at least $25,000,000. The period during which the Options may be exercised is referred to as the Option Exercise Period. To the extent that the Options become exercisable, they shall be called "Vested Options."
Schedule of Rights to Exercise. This option shall be ------------------------------ exercisable, in whole or in part, immediately on the date of grant. (ii)
Schedule of Rights to Exercise. All of the Options shall be fully vested and exercisable as of the Date of Grant specified in Exhibit A.
Schedule of Rights to Exercise. A. Notwithstanding anything herein to the contrary, except in the event of the death or Disability of the Optionee or a Change in Control of the Company, a minimum of six months must elapse between the date of grant of an option and the date of sale of the Common Stock received through the exercise of such Option.
Schedule of Rights to Exercise. Date Percentage of Total Stock ---- Options Awarded Which Are Non-forfeitable --------------- ________________ ____, _______ 20% ________________ ____, _______ 40% ________________ ____, _______ 60% ________________ ____, _______ 80% ________________ ____, _______ 100% Notwithstanding any provisions in this Section 2, in no event shall this Option be exercisable prior to one year following the date of grant, except in the event of death, retirement or Permanent and Total Disability of the Optionee. These Options shall be 100% vested and exercisable upon the death or disability of the Optionee, or upon a Change in Control of the Company.
Schedule of Rights to Exercise. As of the last day of each calendar quarter following the Date of Grant, or as soon as administratively feasible thereafter, the Committee (excluding any members at such time not qualifying as an “outside director” under Section 162(m) of the Internal Revenue Code of 1986, as amended), shall review the performance criteria established as of the Date of Grant to determine and to certify if such performance criteria has been met in whole or in part. To the extent that such performance criteria has been satisfied, the applicable portion of such Awards shall become first earned and non-forfeitable and one-fourth of such Award shall be first exercisable as of the date of attainment of such performance criteria and one-fourth of such Award will be first exercisable annually thereafter; provided that the recipient remains an employee of the Company or the Bank on the date of such future vesting events. Date Aggregate Percentage of Options Exercisable Maximum Number of Options Which Are First Exercisable/ Non-forfeitable (See Notes Below*) Upon grant: March 2, 2011 0 0 As of the date the performance targets are first attained on or prior to December 31, 2013: 25 (insert 25% of maximum) As of 1 year following attainment of the performance target: 50 (insert 25% of maximum) As of 2 years following attainment of the performance target: 75 (insert 25% of maximum) As of 3 years following attainment of the performance target: 100 (insert 25% of maximum) *NOTES:
Schedule of Rights to Exercise. This Option shall become fully exercisable on the business day before the first annual meeting of the Corporation’s shareholders which follows the Date of Grant if the Optionee’s Termination of Service has not occurred before such business day. This Option shall become fully exercisable on a Change in Control if the Optionee’s Termination of Service has not occurred before the Change in Control. If the Optionee’s Termination of Service occurs prior to the date on which this Option is scheduled to become exercisable, this Option shall not become exercisable, except as otherwise provided in Paragraph 6, 7 or 8.
