Dates of Exercise. This option shall become exercisable for the Option Shares in one or more installments as specified in the Grant Notice. As the option becomes exercisable for such installments, those installments shall accumulate, and the option shall remain exercisable for the accumulated installments until the Expiration Date or sooner termination of the option term under Paragraph 5 or 6.
Dates of Exercise. This option may not be exercised in whole or in part at any time prior to the time the Plan is approved by the Corporation's shareholders in accordance with Paragraph 17. Provided such shareholder approval is obtained, this option shall thereupon become exercisable for the Option Shares in one or more installments as is specified in the Grant Notice. As the option becomes exercisable in one or more installments, the installments shall accumulate and the option shall remain exercisable for such installments until the Expiration Date or the sooner termination of the option term under Paragraph 5 or Paragraph 6 of this Agreement.
Dates of Exercise. This option shall vest and become exercisable for the Option Shares in a series of installments in accordance with the Vesting Schedule set forth in attached Schedule I. As the option vests and becomes exercisable for such installments, those installments shall accumulate, and the option shall remain exercisable for the accumulated installments until the last business day prior to the Expiration Date or any sooner termination of the option term under Paragraph 5 or 6 below.
Dates of Exercise. The option will become exercisable with respect to the Option Shares covered by the option according to the following four year exercisability schedule, provided that the Grantee is employed by the Company on the applicable dates: Date Option Shares Becoming Exercisable 1st anniversary of Grant Date 25 % 2nd anniversary of Grant Date 25 % 3rd anniversary of Grant Date 25 % 4th anniversary of Grant Date 25 % Exercisable installments may be exercised in whole or in part, and, to the extent not exercised, will accumulate and be exercisable at any time on or before the Expiration Date, unless the option terminates earlier in accordance with the terms of this Agreement or the Plan. The exercisability of the option is cumulative, but shall not exceed 100% of the Option Shares. If the foregoing schedule would produce fractional Option Shares, the number of Option Shares for which the option becomes exercisable shall be rounded down to the nearest whole Option Share.
Dates of Exercise. This option shall become immediately ----------------- exercisable for all of the Option Shares.
Dates of Exercise. This Option shall vest and become exercisable for the number of Shares subject to this Option in one or more installments as specified in Section 2. As the Option becomes exercisable for such installments, those installments shall accumulate and the Option shall remain exercisable for the accumulated installments until the Expiration Date or sooner termination of the Option under Section 6. As an administrative matter, the exercisable portion of this Option may only be exercised until the close of the SIX Swiss Exchange (if the Exercise Price per Share of this Option is in Swiss Francs) or the Nasdaq Stock Market (if the Exercise Price per Share of this Option is in dollars) on the last trading day on or before the Expiration Date or earlier date of termination of the Option under Section 6. Any later attempt to exercise this Option will not be honored.
Dates of Exercise. This option shall become exercisable for the Option Shares in one or more installments as specified in the Grant Notice. As the option becomes exercisable for such installments, those installments shall accumulate, and the option shall remain exercisable for the accumulated installments until the Expiration Date or sooner termination of the option term under Paragraph 5 or 6. Notwithstanding the foregoing, should the Optionee elect to exercise this option during any period during which the Optionee is under investigation by the Corporation for Misconduct, then any Option Shares acquired by the Optionee as a result of such exercise and/or the net proceeds of any sale or sales of those acquired Option Shares (the gross sale proceeds less any Exercise Price payment or withholding taxes due the Corporation and broker commissions) during such period shall be held by the Corporation in escrow until such time as the investigation is satisfactorily completed.
Dates of Exercise. This option shall become exercisable for the A Option Shares and B Option Shares in accordance with the following schedules: A Option Shares Date: Aggregate number of A Option Shares for which the option is then exercisable : On or after June 30, 2006 10,437 On or after September 30, 2006 41,747 On or after December 31, 2006 73,057 On or after March 31, 2007 104,367 On or after June 30, 2007 135,677 On or after September 30, 2007 166,987 On or after December 31, 2007 198,297 On or after March 31, 2008 229,607 On or after June 30, 2008 260,917 On or after September 30, 2008 292,227 On or after December 31, 2008 323,537 On or after March 31, 2009 354,847 On or after May 31, 2009 375,713 1 Table of Contents B Option Shares Date: Aggregate number of B Option Shares for which the option is then exercisable : On or after June 30, 2006 7,828 On or after September 30, 2006 31,311 On or after December 31, 2006 54,793 On or after March 31, 2007 78,275 On or after June 30, 2007 101,757 On or after September 30, 2007 125,239 On or after December 31, 2007 148,721 On or after March 31, 2008 172,203 On or after June 30, 2008 195,685 On or after September 30, 2008 219,167 On or after December 31, 2008 242,649 On or after March 31, 2009 266,131 On or after June 30, 2009 289,613 On or after September 30, 2009 313,095 On or after December 31, 2009 336,577 On or after March 31, 2010 360,059 On or after May 31, 2010 375,713 As the option becomes exercisable for such installments, those installments shall accumulate and the option shall remain exercisable for the accumulated installments until the Expiration Date or sooner termination of the option term under Paragraph 5 or 6.
Dates of Exercise. (a) The Option may be exercised by the Optionee to purchase the total number of shares specified in Paragraph 1 at the dates and in the percentages determined under the following schedule: Percentage of Option Shares Purchasable Date of Exercise (Cumulative) ---------------- ------------ First Anniversary of Date of Grant 25% Second Anniversary of Date of Grant 25% Third Anniversary of Date of Grant 25% Fourth Anniversary of Date of Grant 25% The Optionee need not exercise any part of the Option when it becomes exercisable, but may accrue the percentage increments described above and exercise them in any later period, prior to expiration of the Option.
Dates of Exercise. This option shall become exercisable for the Option Shares according to the Exercise Schedule and shall remain exercisable until the Expiration Date or sooner termination of the option term under Paragraph 5 or 6.
