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: Non Qualified Inducement Stock Option Agreement (Dasan Zhone Solutions Inc), Non Qualified Inducement Stock Option Agreement (Dasan Zhone Solutions 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. hereof. Once pursuant to the Option becomes unexercisable, it shall be forfeited immediatelyterms of this Agreement and the Plan.
Appears in 1 contract
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
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