Common use of Vesting and Exercisability Clause in Contracts

Vesting and Exercisability. Subject to the provisions of the Plan and the other provisions of this Agreement, this Option shall vest and become exercisable in accordance with the schedule set forth in the Grant Notice. Notwithstanding the foregoing, in the event of termination of Optionee’s Continuous Status as an Employee, Director or Consultant for any reason, with or without Cause, including as a result of death or Disability, this Option shall immediately cease vesting.

Appears in 2 contracts

Samples: Stock Option Agreement (Pinnacle Entertainment Inc), Stock Option Agreement (Pinnacle Entertainment Inc)

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Vesting and Exercisability. Subject to the provisions of the Plan and the other provisions of this Agreement, this Option shall vest and become exercisable in accordance with the schedule set forth in the Grant Notice. Notwithstanding the foregoing, in the event of termination of Optionee’s 's Continuous Status as an Employee, Director or Consultant for any reason, with or without Cause, including as a result of death or Disability, this Option shall immediately cease vesting.

Appears in 2 contracts

Samples: Stock Option Agreement (Wynn Resorts LTD), Dollar Financial (Dollar Financial Corp)

Vesting and Exercisability. Subject to the provisions of the Plan and the other provisions of this Agreement, this Option shall vest and become exercisable in accordance with the schedule set forth in the Grant Notice. Notwithstanding the foregoing, in the event of termination of Optionee’s Continuous Status as an Employee, Director or Consultant for any reason, with or without Cause, including as a result of death or Disability, this Option shall immediately cease vestingvesting and shall be cancelled to the extent of the number of Shares as to which this Option has not vested as of the date of termination.

Appears in 2 contracts

Samples: Corporation Stock Option Agreement (BIG 5 SPORTING GOODS Corp), Stock Option Agreement (Advanced Engine Technologies Inc)

Vesting and Exercisability. Subject to the provisions of the Plan and the other provisions of this Agreement, this Option shall vest and become exercisable in accordance with the schedule set forth in the Grant Notice. on Exhibit A. Notwithstanding the foregoing, in the event of termination of Optionee’s Continuous Status 's status as an Employee, Director or Consultant a director for any reason, with or without Cause, including as a result of death or Disability, this Option shall immediately cease vesting; provided, however, if such termination occurs as a result of either death or Disability, the vesting of this Option shall be partially accelerated as set forth on Exhibit A hereto.

Appears in 1 contract

Samples: Option Agreement (Cpi International, Inc.)

Vesting and Exercisability. Subject to the provisions of the Plan and the other provisions of this Agreement, this Option shall vest and become exercisable in accordance with the schedule set forth in the Grant Notice. on Exhibit A. Notwithstanding the foregoing, in the event of termination of Optionee’s 's Continuous Status as an Employee, Director or Consultant for any reason, with or without Cause, including as a result of death or Disability, this Option shall immediately cease vesting; provided, however, if such termination occurs as a result of either death or Disability, the vesting of this Option shall be partially accelerated as set forth on Exhibit A hereto.

Appears in 1 contract

Samples: Stock Option Agreement (Cpi International, Inc.)

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Vesting and Exercisability. Subject to the provisions of the Plan and the other provisions of this Agreement, this Option shall vest and become exercisable in accordance with the schedule set forth in the Grant Notice. Notwithstanding the foregoing, in the event of termination of Optionee’s 's Continuous Status as an Employee, Director or Consultant for any reason, with or without Cause, including as a result of death or Disability, this Option shall immediately cease vestingvesting and shall be cancelled to the extent of the number of Shares as to which this Option has not vested as of the date of termination.

Appears in 1 contract

Samples: Corporation Stock Option Agreement (Big 5 Sporting Goods Corp)

Vesting and Exercisability. Subject to the provisions of the Plan and the other provisions of this Agreement, this Option shall vest and become exercisable in accordance with the schedule set forth in the Grant Notice. on Exhibit A. Notwithstanding the foregoing, in the event of termination of Optionee’s Continuous Status as an Employee, Director or Consultant for any reason, with or without Cause, including as a result of death or Disability, this Option shall immediately cease vesting; provided, however, if such termination occurs as a result of either death or Disability, the vesting of this Option shall be partially accelerated as set forth on Exhibit A hereto.

Appears in 1 contract

Samples: Stock Option Agreement (Cpi International, Inc.)

Vesting and Exercisability. Subject to the provisions of the Plan -------------------------- and the other provisions of this Agreement, this Option shall vest and become exercisable in accordance with the schedule set forth in the Grant Notice. Notwithstanding the foregoing, in the event of termination of Optionee’s 's Continuous Status as an Employee, Director or Consultant for any reason, with or without Cause, including as a result of death or Disability, this Option shall immediately cease vesting.

Appears in 1 contract

Samples: Stock Option Agreement (Pinnacle Entertainment Inc)

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