And Exercise Period Sample Clauses

And Exercise Period. 1. Unless cancelled or terminated earlier as provided herein, the Option with respect to one hundred percent (100%) of the Option Shares shall vest on the 2nd anniversary of the Grant Date ("Ordinary Vesting"). Notwithstanding the foregoing, if the Company completes, within two (2) years from the Grant Date, its initial public offering of its stock at 22,000 Korean won or more for listing on Korea Stock Exchange (or the KOSDAQ) or at 22 United States dollars or more for listing on a Non-Korean Stock Exchange, the Option with respect to seventy-five percent (75%) of the Option Shares shall vest on the 2nd anniversary of the Grant Date, and the Option with respect to the remaining twenty-five percent (25%) of the Option Shares shall vest on the 3rd anniversary of the Grant Date ("IPO Vesting"). Unless otherwise provided herein, all portions of the Option that have vested shall be exercisable in whole or in part at any time and from time to time, during a period from the date of vesting until the 7th anniversary of the Grant Date (the "Exercise Period"); except that, in the event that the Grantee becomes no longer employed by the Company, such Grantee's vested Options shall remain exercisable only until the earlier of (a) the date that is 6 months following the date the employee becomes no longer employed by the Company and (b) the end of the Exercise Period.
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And Exercise Period 
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Related to And Exercise Period

  • Exercise Period This Warrant shall be exercisable, in whole or in part, prior to (or in connection with) the expiration of this Warrant as set forth in Section 8.

  • Extension of Exercise Period Notwithstanding any provisions of paragraphs (a), (b), (c) or (d) of this Section to the contrary, if exercise of the Option following termination of employment during the time period set forth in the applicable paragraph or sale during such period of the Shares acquired on exercise would violate any of the provisions of the federal securities laws (or any Company policy related thereto), the time period to exercise the Option shall be extended until the later of (i) forty-five (45) days after the date that the exercise of the Option or sale of the Shares acquired on exercise would not be a violation of the federal securities laws (or a related Company policy), or (ii) the end of the time period set forth in the applicable paragraph.

  • Option Exercise Period Check One:

  • Exercise Periods 8 SECTION 3.3 Expiration ...................................................... 8 SECTION 3.4

  • Exercise Period Vesting Unless expired as provided in Section 3 of this Agreement, this Option may be exercised from time to time after the Date of Grant set forth above (the "DATE OF GRANT") to the extent the Option has vested in accordance with the vesting schedule set forth below. The Shares issued upon exercise of the Option will be subject to the restrictions on transfer set forth in Section 11 below. Provided Participant continues to provide Continuous Service to the Company or any Affiliate, the Option will become vested as follows: PERCENTAGE OF VESTING DATE VESTED SHARES ------------ ------------- % % %

  • Exercise Period of Option Subject to the terms and conditions of this Stock Option Agreement and the Plan, and unless otherwise modified in writing signed by the Company and Optionee, this Option may be exercised with respect to all of the Shares subject to this Option, but only according to the vesting schedule described in Section 9 below, prior to the date which is the last day of the Term set forth on the face hereof following the Grant Date (hereinafter "Expiration Date").

  • Duration and Exercisability A. This option may not be exercised by Employee until the expiration of two (2) years from the date of grant, and this option shall in all events terminate ten (10) years after the date of grant. During the first two years from the date of grant of this option, no portion of this option may be exercised. Thereafter this option shall become exercisable in four cumulative installments of 25% as follows: Total Portion of Option Date Which is Exercisable ---- -------------------- Two Years after Date of Grant 25% Three Years after Date of Grant 50% Four Years after Date of Grant 75% Five Years after Date of Grant 100% In the event that Employee does not purchase in any one year the full number of shares of Common Stock of the Company to which he/she is entitled under this option, he/she may, subject to the terms and conditions of Section 3 hereof, purchase such shares of Common Stock in any subsequent year during the term of this option.

  • No Rights as Stockholder Until Exercise This Warrant does not entitle the Holder to any voting rights, dividends or other rights as a stockholder of the Company prior to the exercise hereof as set forth in Section 2(d)(i), except as expressly set forth in Section 3.

  • Manner of Exercising Option (a) In order to exercise this option with respect to all or any part of the Option Shares for which this option is at the time exercisable, Optionee (or any other person or persons exercising the option) must take the following actions:

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