Vesting; Term; Exercise Sample Clauses

Vesting; Term; Exercise. (a) The rights of Holder to exercise the Option shall vest as follows: With respect to: (i) 700,000 of the Option Shares, on the date hereof, provided, that for the purposes of paragraph 8 hereof, (A) 500,000 of such Option Shares shall be deemed to have vested on March 14,1995, (B) 100,000 of such Option Shares shall be deemed to have vested on June 30, 1996, and (C) 100,000 of such Option Shares shall be deemed to have vested on June 30, 1997; (ii) 100,000 of the Option Shares, on June 30, 1998; (iii) 100,000 of the Option Shares, on June 30, 1999; and (iv) 100,000 of the Option Shares, on June 30, 2000.
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Vesting; Term; Exercise. (a) The rights of Holder to exercise this Option shall vest as follows: With respect to (i) 70% of the Option Shares, on the date hereof and (ii) the remaining 30% of the Option Shares, 10% per year on the last day of each of the next three succeeding fiscal years of the Company, beginning on June 30, 1998, the last day of the Company's 1998 fiscal year. In the event that this Option is issued on or after the last day of any fiscal year described in the preceding sentence, the Options Shares scheduled to vest on such day shall be vested upon the issuance of this Option.
Sample 1
Vesting; Term; Exercise. (a) The rights of Holder to exercise this Option shall vest as follows: at any time that shares of the Company's Series A Common Stock are publicly traded and such shares have closed at a price per share of $16.00 or more for any consecutive ninety (90) day period.
Sample 1
Vesting; Term; Exercise. (a) The rights of Holder to exercise the Option are fully vested as of the date hereof and vested on the following schedule: (i) 500,000 of such Option Shares were vested on Xxxxx 00, 0000, (xx) 100,000 of such Option Shares were vested on June 30, 1996, (iii) 100,000 of such Option Shares were vested on June 30, 1997; (iv) 100,000 of the Option Shares were vested on June 30, 1998; and (iii) 50,000 of the Option Shares vested on the date hereof.
Sample 1
Vesting; Term; Exercise. (a) The rights of Holder to exercise this Option shall vest as follows: (i) on or before January 1, 2000 upon the Company's completion of a Qualified Offering (as defined below) at a price per share (or the equivalent) of $8.00 or more or (ii) after January 1, 2000 and on or before January 1, 2001, upon the Company's completion of a Qualified Offering at a price per share (or the equivalent) of $12.00 or more. If the Company shall not have completed a Qualified Offering on the terms discussed above on or before January 1, 2001, this Option shall expire, and Xxxxxx shall have no further rights hereunder.
Sample 1

Related to Vesting; Term; Exercise

  • Cumulative Exercisability To the extent that the Option is vested and exercisable, the Grantee has the right to exercise the Option (to the extent not previously exercised), and such right shall continue, until the expiration or earlier termination of the Option.

  • Vesting and Exercise Once vested, this Warrant may be exercised as -------------------- to such vested portion whether or not at the time of such exercise the Warrantholder is an employee of (or consultant to) the Company (or one or more of its subsidiaries); however, this Warrant shall automatically terminate as to any unvested portion at any such time as the Warrantholder is no longer employed by (or a consultant to) the Company (or any of its subsidiaries). If this Warrant is not exercised prior to 5:00 P.M. on the Expiration Date (or the next succeeding Business Day, if the Expiration Date is a Nonbusiness Day), this Warrant, or any new Warrant issued pursuant to Section 1.1, shall cease to be exercisable and shall become void and all rights of the Warrantholder hereunder shall cease. This Warrant shall not be exercisable, and no Warrant Shares shall be issued hereunder, prior to 9:00 A.M., New York City time, on the applicable Exercise Date.

  • Vesting and Exercisability (a) No portion of this Stock Option may be exercised until such portion shall have vested.

  • Vesting Schedule/Period of Restriction Except as provided in paragraphs 4 and 5, and subject to paragraph 7, the Performance Shares awarded by this Agreement shall vest in accordance with the vesting provisions set forth on the first page of this Agreement. Performance Shares shall not vest in the Employee in accordance with any of the provisions of this Agreement unless the Employee shall have been continuously employed by the Company or by one of its Subsidiaries from the Grant Date until the date the Performance Shares are otherwise scheduled to vest.

  • Vesting and Exercisability of Option The Option shall vest, and may be exercised, with respect to the Shares as set forth in the Optionee Statement attached hereto and made a part hereof, subject to earlier termination of the Option as provided in Sections 1.4 and 6 hereof or in the Plan. The right to purchase the Shares as they become vested shall be cumulative and shall continue during the Exercise Term unless sooner terminated as provided herein.

  • Period of Exercisability Section 3.1 - Commencement of Exercisability ----------- ------------------------------

  • Stockholder Rights and Dividend Equivalents (a) The holder of this Award shall not have any stockholder rights, including voting or dividend rights, with respect to the Shares subject to the Award until Participant becomes the record holder of those Shares following their actual issuance upon the Corporation’s collection of the applicable Withholding Taxes.

  • Vesting Upon Change in Control Notwithstanding anything to the contrary in this Agreement, including Section (D):

  • Vesting; Time of Exercise Except as specifically provided in this Agreement and subject to certain restrictions and conditions set forth in the Plan, the Optioned Shares shall be vested and the Stock Option shall be exercisable as follows:

  • Vesting Upon a Change in Control Immediately upon a Change in Control, any equity awards subject to vesting that have been granted to the Officer under the Company’s equity incentive plans and that are not fully vested shall become fully vested and, in the case of stock options, shall become immediately exercisable, and the Officer shall be entitled, in the case of such stock options, to exercise such stock options until the earlier of the expiration of their original full term or one year from the Date of Termination (in each case, without regard to any earlier termination otherwise applicable in the event of termination of employment, and to the extent permitted by Section 409A of the Code).

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