Conditions to Exercisability. The Options shall vest and become exercisable as follows: [INSERT VESTING SCHEDULE] if the Grantee continues to be employed by the Company or any of its Subsidiaries on such date or dates.
Conditions to Exercisability. (a) The Option shall become exercisable as to twenty percent (20%) of the shares of Stock covered by the Option on each of the next five anniversaries of this Agreement, provided that the Executive continues to be employed by Niagara or one of its subsidiaries (collectively, the "Company") on such date.
Conditions to Exercisability. The Option shall become exercisable with respect to all of the shares of Stock covered by the Option on the date of this Agreement.
Conditions to Exercisability. (a) The Option is immediately exercisable with respect to forty percent (40%) of the Option Shares covered hereby. The Option will become exercisable with respect to (i) an additional twenty percent (20%) of the Sorgenti Shares subject hereto on each of May 4, 1995, May 4, 1996, and May 4, 1997; provided that Sorgenti is employed by the Company on such date and (ii) an additional twenty percent (20%) of the Xxxxx Shares subject hereto on each of May 4, 1995, May 4, 1996 and May 4, 1997; provided that Xxxxx is employed by the Company on such date.
Conditions to Exercisability. The Options shall become vested ---------------------------- immediately upon execution of this Agreement and shall be exercisable thereafter until the end of the Option Term, whether or not the Employee continues to be in the employ of, or maintains any relationship with the Company. The terms and conditions in paragraphs 6(e), 13, 16(b), 18, 19 and 20 of Company's 1999 Amended and Restated Stock Option and Incentive Plan ("Plan") as amended on November 6, 2000, including all relevant definitions set forth in the Plan, are hereby incorporated by reference in this Agreement, subject to paragraphs 7 and 13 hereof.
Conditions to Exercisability. Except as otherwise provided herein, the Option shall become exercisable according to the following schedule, provided that the Optionee is serving as a director of the Company on such dates:
Conditions to Exercisability. The Options shall vest and become exercisable on the later of the following dates, «VESTING», known as the vesting dates, if the Employee continues to be employed by or acts as a Consultant to or a Director of the Company or any of its subsidiaries on such date.
Conditions to Exercisability. The Options shall become exercisable with respect to the shares of Stock covered by the Option as follows: Number of Shares First Exercise Date Expiration Date
Conditions to Exercisability. The Options shall vest and become exercisable as follows: «VESTING», if the Grantee continues to be employed by or acts as a consultant to or a director of the Company or any of its Subsidiaries on such date or dates.
Conditions to Exercisability. (a) Immediately following the execution of this Agreement, the Option shall be exercisable as to 2,000 shares of Stock covered by the Option. The Option shall become exercisable with respect to an additional 2,000 of such shares on each of the next four anniversaries of this Agreement, provided that the Director continues to serve as a director of Niagara on such date.
