Common use of 2Duration of Exercisability Clause in Contracts

2Duration of Exercisability. The installments provided for in the vesting schedule set forth in the Grant Notice are cumulative. Each such installment that becomes vested and exercisable pursuant to the vesting schedule set forth in the Grant Notice shall remain vested and exercisable until it becomes unexercisable under Section 2.3. hereof. Once the Option becomes unexercisable, it shall be forfeited immediately.

Appears in 2 contracts

Samples: Stock Option Agreement (Dasan Zhone Solutions Inc), Stock Option Agreement (Dasan Zhone Solutions Inc)

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2Duration of Exercisability. The installments provided for in the vesting schedule set forth in the Grant Notice are cumulative. Each such installment that which becomes vested and exercisable pursuant to the vesting schedule set forth in the Grant Notice shall remain vested and exercisable until it becomes unexercisable under Section 2.3. hereof. Once pursuant to the Option becomes unexercisable, it shall be forfeited immediatelyterms of this Agreement and the Plan.

Appears in 1 contract

Samples: Notice and Stock Option Agreement (Autozone Inc)

2Duration of Exercisability. The installments provided for in the vesting schedule set forth in the Grant Notice are cumulative. Each such installment that which becomes vested and exercisable pursuant to the vesting schedule set forth in the Grant Notice shall remain vested and exercisable until it becomes unexercisable under Section 2.3. 3.3 hereof. Once the Option becomes unexercisable, it shall be forfeited immediately.

Appears in 1 contract

Samples: Stock Option Agreement (O Reilly Automotive Inc)

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2Duration of Exercisability. The installments provided for in the vesting schedule set forth in the Grant Notice are cumulative. Each such installment that becomes vested and exercisable pursuant to the vesting schedule set forth in the Grant Notice shall remain vested and exercisable until it becomes unexercisable under Section 2.3. 3.3 hereof. Once the Option becomes unexercisable, it shall be forfeited immediately.

Appears in 1 contract

Samples: Stock Option Agreement (Indus Realty Trust, Inc.)

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