Amount Exercisable. Each Option may be exercised at the time, in the manner and subject to the conditions the Committee specifies in the Option Agreement in its sole discretion. If specified in the Option Agreement, an Option will be exercisable in full upon the occurrence of a Change of Control.
Appears in 3 contracts
Samples: 1994 Stock Incentive Plan (Furmanite Corp), 1994 Stock Incentive Plan (Furmanite Corp), 1994 Stock Incentive Plan (Furmanite Corp)
Amount Exercisable. Each Option may be exercised at the time, in the manner and subject to the conditions the Committee specifies in the Option Agreement in its sole discretion. Unless the Option Agreement expressly specifies otherwise, an Option shall not continue to vest after the Optionee’s severance of employment or affiliation relationship with the Company and all Affiliates for any reason. If specified in the Option Agreement, an Option will be exercisable in full upon the occurrence of a Change of Control. Otherwise, a Change of Control shall not effect the exercisability of the Option.
Appears in 1 contract
Samples: Employee Stock Compensation Plan (Ilex Oncology Inc)
