AND EXERCISE OF OPTION. The Option shall vest and be exercisable in accordance with the following provisions:
AND EXERCISE OF OPTION. This Option shall be exercisable during its term in accordance with the provisions of Section 9 of the Plan as follows:
AND EXERCISE OF OPTION. A. VESTING. The Option may be exercised for: (i) One Hundred Fifty Thousand (150,000) shares of the Option Stock beginning one (1) year after the date hereof; (ii) an additional One Hundred Fifty Thousand (150,000) shares of the Option Stock beginning two (2) years after the date hereof; and (iii) an additional One Hundred Fifty Thousand (150,000) shares of the Option Stock beginning three (3) years after the date hereof. The Option shall be deemed "vested" as to all Common Stock for which it is then exercisable.
AND EXERCISE OF OPTION. The Option is to vest 1/3 January 1, 1998; 1/3 January 1, 1999; 1/3 January 1, 2000. Notwithstanding the vesting of any portion or all of the options, the Option may not be exercised as to less than 100 shares at any one time unless the number of Shares purchased is the total number at the time available for purchase under an installment of the Option. The Option may be exercised only as to whole shares; fractional share interests shall be disregarded except that they may be accumulated.
AND EXERCISE OF OPTION. This Option shall vest immediately upon the date of this Agreement. The Option may be exercised, by written notice to the Company at its principal executive office addressed to the attention of its Chief Executive Officer, as follows: Optionee may exercise his option with regard to ten percent (10%) of the shares subject to this Option nine (9) months after the initial public offering of the Stock of the Company (the "IPO"); and thereafter the Optionee may exercise ten percent (10%) per quarter beginning twelve months after the IPO.
AND EXERCISE OF OPTION. 200,000 Option Shares shall be exercisable with respect to the shares included therein on the date of grant of this Option. The remaining 200,000 Option Shares shall be divided into two (2) equal installments. So long as Optionee is then employed by or a consultant to the Company or any affiliate of the Company, the first installment shall accrue and the Option shall be exercisable with respect to the shares included therein on June 30, 1999, and each succeeding installment shall accrue and the Option shall be exercisable with respect to the shares included therein on each yearly anniversary date thereafter. An Option may be exercised when installments accrue and at any time thereafter within the Option Exercise Period set forth in Section 3 above with respect to all or a part of the shares covered by such accrued installments, subject, however, to further provisions of this Section 4. Installments which have accrued and are exercisable may be referred to herein as the "Vested Options." Vested Options shall be void if not exercised during the Option Exercise Period.
AND EXERCISE OF OPTION. (a) An Optionee may not exercise the options granted hereunder prior to six months from the date of this grant.
AND EXERCISE OF OPTION. The Option is fully Vested and may be exercised at any time, subject to the Optionholder complying with the Company’s xxxxxxx xxxxxxx policy.
AND EXERCISE OF OPTION. The Option shall vest and be treated as “Vested” in accordance with the following table, and may be exercised:
AND EXERCISE OF OPTION. The Option shall vest and become exercisable during its term, subject to the Optionee's continuous employment with the Company, as follows:
