Common use of Vesting and Exercise of Option Clause in Contracts

Vesting and Exercise of Option. The Option shall vest and become exercisable in increments in accordance with the schedule set forth below, provided that the Option shall vest and become exercisable with respect to an increment as specified only if the Optionee has not incurred a Termination of Employment prior to the vesting date with respect to such increment:

Appears in 6 contracts

Samples: Nonqualified Stock Option Agreement (Krispy Kreme Doughnuts Inc), Nonqualified Stock Option Agreement (Krispy Kreme Doughnuts Inc), Incentive Stock Option Agreement (Krispy Kreme Doughnuts Inc)

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Vesting and Exercise of Option. (a) The Option shall vest and become exercisable in increments in accordance with the schedule set forth below, provided that the Option shall vest and become exercisable with respect to an increment as specified only if the Optionee Participant has not incurred a Termination of Employment prior to the vesting date with respect to such increment:

Appears in 3 contracts

Samples: Incentive Stock Option Agreement (Krispy Kreme Doughnuts Inc), Incentive Stock Option Agreement (Krispy Kreme Doughnuts Inc), 2012 Stock Incentive Plan Nonqualified Stock Option Agreement (Krispy Kreme Doughnuts Inc)

Vesting and Exercise of Option. The Option shall vest and become exercisable in increments in accordance with the schedule set forth below, provided that the Option shall vest and become exercisable with respect to an increment as specified only if Participant is employed with the Optionee has not incurred a Termination of Employment prior to Company on the vesting specified date with respect to for such increment:

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (MobileSmith, Inc.), Incentive Stock Option Agreement (Smart Online Inc)

Vesting and Exercise of Option. The Option shall vest and become exercisable in increments in accordance with the schedule set forth belowfollowing schedule, provided that the Option shall vest and become exercisable with respect to an increment as specified only if the Optionee has not incurred a Termination of Employment prior to as of the vesting specified date with respect to for such increment:increment (except as specified in subsection (c) below):

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Youcentric Inc)

Vesting and Exercise of Option. The Option shall vest and become exercisable in increments in accordance with the five-year schedule set forth below, provided that the Option shall vest and become exercisable with respect to an increment as specified only if Participant is employed with the Optionee has not incurred a Termination of Employment prior to Company on the vesting specified date with respect to for such increment:

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Smart Online Inc)

Vesting and Exercise of Option. The Option shall vest and become exercisable in increments in accordance with the schedule set forth below, provided that the Option shall vest and become exercisable with respect to an increment as specified only if the Optionee has not incurred a Termination of Employment prior Participant is providing services to the vesting Corporation on the specified date with respect to for such increment:

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Etrials Worldwide Inc.)

Vesting and Exercise of Option. The Option shall vest and become exercisable in increments in accordance with the three-year schedule set forth below, provided that the Option shall vest and become exercisable with respect to an increment as specified only if Participant is employed with the Optionee has not incurred a Termination of Employment prior to Corporation on the vesting specified date with respect to for such increment:

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Internet Commerce Corp)

Vesting and Exercise of Option. The Option shall vest and become exercisable in increments in accordance with the three-year schedule set forth below, provided that the Option shall vest and become exercisable with respect to an increment as specified only if Participant is employed with the Optionee has not incurred a Termination of Employment prior to Company on the vesting specified date with respect to for such increment:

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Internet Commerce Corp)

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Vesting and Exercise of Option. (a) The Option shall vest and become exercisable in increments in accordance with the schedule set forth below, provided that the Option shall vest and become exercisable with respect to an increment as specified only if the Optionee has not incurred Participant is still in service as a Termination of Employment prior to the Director on each such vesting date with respect to such incrementdate:

Appears in 1 contract

Samples: Incentive Plan Director Nonqualified Stock Option Agreement (Krispy Kreme Doughnuts Inc)

Vesting and Exercise of Option. The Option shall vest and become exercisable in increments in accordance with the four-year schedule set forth belowbelow measured from the Grant Date, provided that the Option shall vest and become exercisable with respect to an increment as specified only if the Optionee Option has not incurred a Termination of Employment prior terminated pursuant to the vesting date Section 4 with respect to such increment:

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Krispy Kreme Doughnuts Inc)

Vesting and Exercise of Option. The Option shall vest and become exercisable in increments in accordance with the schedule set forth below, provided that the Option shall vest and become exercisable with respect to an increment as specified only if the Optionee has not incurred a Termination of Employment prior to the vesting date with respect to such incrementdate:

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Krispy Kreme Doughnuts Inc)

Vesting and Exercise of Option. The Option shall vest and become exercisable in increments in accordance with the four-year schedule set forth below, provided that the Option shall vest and become exercisable with respect to an increment as specified only if Participant is employed with the Optionee has not incurred a Termination of Employment prior to Company on the vesting specified date with respect to for such increment:

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Internet Commerce Corp)

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