Common use of Commencement of Exercisability Clause in Contracts

Commencement of Exercisability. (a) Subject to Participant’s continued employment with or service to a Company Group Member through the applicable vesting date and subject to Sections 3.2, 3.3, 6.12 and 6.18 hereof, the Option shall become vested and exercisable in such amounts and at such times as are set forth in the Grant Notice. (b) Subject to Section 12.2(d) of the Plan and unless otherwise determined by the Administrator or as set forth in a written agreement between Participant and the Company, any portion of the Option that has not become vested and exercisable on or prior to the Cessation Date (including, without limitation, pursuant to any employment or similar agreement by and between Participant and the Company) shall be forfeited on the Cessation Date and shall not thereafter become vested or exercisable.

Appears in 3 contracts

Samples: Stock Option Agreement (BJ's Wholesale Club Holdings, Inc.), Stock Option Agreement (BJ's Wholesale Club Holdings, Inc.), Stock Option Agreement (BJ's Wholesale Club Holdings, Inc.)

AutoNDA by SimpleDocs

Commencement of Exercisability. (a) Subject to Participant’s continued employment with or service to a Company Group Member through the on each applicable vesting date and subject to Sections 3.2, 3.3, 6.12 6.9 and 6.18 6.14 hereof, the Option shall become vested and exercisable in such amounts and at such times as are set forth in the Grant Notice. (b) Subject to Section 12.2(d) of the Plan and unless Unless otherwise determined by the Administrator or as set forth in a written agreement between Participant and the Company, any portion of the Option that has not become vested and exercisable on or prior to the Cessation Date (including, without limitation, pursuant to Section 3.1(b) or any employment or similar agreement by and between Participant and the Company) shall be forfeited on the Cessation Date and shall not thereafter become vested or exercisable.

Appears in 3 contracts

Samples: Stock Option Agreement (Funko, Inc.), Stock Option Agreement, Stock Option Agreement (Funko, Inc.)

Commencement of Exercisability. (a) Subject to Participant’s continued employment with or service to a Company Group Member through the on each applicable vesting date and subject to Sections 3.2, 3.3, 6.12 5.9 and 6.18 5.14 hereof, the Option shall become vested and exercisable in such amounts and at such times as are set forth in the Grant Notice. (b) Subject to Section 12.2(d) of the Plan and unless Unless otherwise determined by the Administrator or as set forth in a written agreement between Participant and the Company, any portion of the Option that has not become vested and exercisable on or prior to the Cessation Date (including, without limitation, pursuant to Section 3.1(b) or any employment or similar agreement by and between Participant and the Company) shall be forfeited on the Cessation Date and shall not thereafter become vested or exercisable.

Appears in 3 contracts

Samples: Stock Option Agreement (Vroom, Inc.), Stock Option Agreement (Vroom, Inc.), Stock Option Agreement (Funko, Inc.)

Commencement of Exercisability. (a) Subject to Participant’s continued employment with or service to a Company Group Member through the on each applicable vesting date and subject to Sections 3.2, 3.3, 6.12 6.9 and 6.18 6.16 hereof, the Option shall become vested and exercisable in such amounts and at such times as are set forth in the Grant Notice. (b) Subject to Section 12.2(d) of the Plan and unless Unless otherwise determined by the Administrator or as set forth in a written agreement between Participant and the Company, any portion of the Option that has not become vested and exercisable on or prior to the Cessation Date date of Participant’s Termination of Service (including, without limitation, pursuant to any employment or similar agreement by and between Participant and the Company) shall be forfeited on the Cessation Date date of Participant’s Termination of Service and shall not thereafter become vested or exercisable.

Appears in 1 contract

Samples: Stock Option Agreement (Medpace Holdings, Inc.)

AutoNDA by SimpleDocs

Commencement of Exercisability. (a) Subject to Participant’s continued employment with or service to a Company Group Member through the on each applicable vesting date and subject to Sections 3.2, 3.3, 6.12 7.9 and 6.18 7.16 hereof, the Option shall become vested and exercisable in such amounts and at such times as are set forth in the Grant Notice. (b) Subject to Section 12.2(d) of the Plan and unless Unless otherwise determined by the Administrator or as set forth in a written agreement between Participant and the Company, any portion of the Option that has not become vested and exercisable on or prior to the Cessation Date date of Participant’s Termination of Service (including, without limitation, pursuant to any employment or similar agreement by and between Participant and the Company) shall be forfeited on the Cessation Date date of Participant’s Termination of Service and shall not thereafter become vested or exercisable.

Appears in 1 contract

Samples: Stock Option Agreement (Medpace Holdings, Inc.)

Commencement of Exercisability. (a) Subject to Participant’s continued employment with or service to a Company Group Member through the on each applicable vesting date and subject to Sections 3.2, 3.3, 6.12 5.9 and 6.18 5.16 hereof, the Option shall become vested and exercisable in such amounts and at such times as are set forth in the Grant Notice. (b) Subject to Section 12.2(d) of the Plan and unless Unless otherwise determined by the Administrator or as set forth in a written agreement between Participant and the Company, any portion of the Option that has not become vested and exercisable on or prior to the Cessation Date date of Participant’s Termination of Service (including, without limitation, pursuant to any employment or similar agreement by and between Participant and the Company) shall be forfeited on the Cessation Date date of Participant’s Termination of Service and shall not thereafter become vested or exercisable.

Appears in 1 contract

Samples: Stock Option Agreement (Cognizant Technology Solutions Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!