Common use of Commencement of Exercisability Clause in Contracts

Commencement of Exercisability. (a) Subject to Sections 3.1(b), 3.1(c) and 3.3 hereof, the Option shall become exercisable in five equal and cumulative installments; provided that the Optionee remains continuously employed in active service by the Company from the Grant Date through such date as follows:

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (ProPetro Holding Corp.), Non Qualified Stock Option Agreement (ProPetro Holding Corp.), Non Qualified Stock Option Agreement (ProPetro Holding Corp.)

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Commencement of Exercisability. (a) Subject to Sections 3.1(b), 3.1(c) and 3.3 hereof, the Option shall become exercisable in five four equal and cumulative installments; provided that the Optionee remains continuously employed in active service by the Company from the Grant Date through such date as follows:

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (ProPetro Holding Corp.), Non Qualified Stock Option Agreement (ProPetro Holding Corp.), Non Qualified Stock Option Agreement (ProPetro Holding Corp.)

Commencement of Exercisability. (a) Subject to Sections 3.1(b), 3.1(csubsections (b) and 3.3 hereof(c) and Section 3.3, the Option shall become exercisable in five three equal and cumulative installments; installments provided that the Optionee remains continuously employed in active service by with the Company and its Plan Subsidiaries from the Grant Date through such date as follows:

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Amc Entertainment Inc), Non Qualified Stock Option Agreement (Marquee Holdings Inc.)

Commencement of Exercisability. (a) Subject to Sections 3.1(b), 3.1(csubsection (b) and 3.3 hereofSection 3.3, the Option shall become exercisable in five equal and cumulative installments; installments provided that the Optionee remains continuously employed in active service by the Company from the Grant Date through such date as follows:

Appears in 2 contracts

Samples: Form of Incentive Stock Option Agreement (Amc Entertainment Inc), Non Qualified Stock Option Agreement (Amc Entertainment Inc)

Commencement of Exercisability. (a) Subject to Sections 3.1(b), 3.1(csubsections (b) and 3.3 hereof(c) and Section 3.3, the Option shall become exercisable in five equal and cumulative installments; installments provided that the Optionee remains continuously employed in active service by the Company from the Grant Date through such date as follows:

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Amc Entertainment Inc), Incentive Stock Option Agreement (Amc Entertainment Inc)

Commencement of Exercisability. (a) Subject to Sections 3.1(b), 3.1(csubsection (e) and 3.3 hereofSection 3.3, 25% of the Option shall become exercisable in five equal and cumulative installments; installments provided that the Optionee remains continuously employed in active service by the Company from the Grant Date through such date as follows:

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (R H Donnelley Corp)

Commencement of Exercisability. (a) Subject to Sections 3.1(b), 3.1(csubsection (b) and 3.3 hereofSection 3.3, the Option shall become exercisable in five four equal and cumulative installments; installments provided that the Optionee remains continuously employed in active service by the Company (or one of its Subsidiaries) from the Grant Date through such date as follows:

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (R H Donnelley Corp)

Commencement of Exercisability. (a) Subject to Sections 3.1(b), 3.1(csubsection (e) and 3.3 hereofSection 3.3, 50% of the Option shall become exercisable in five four equal and cumulative installments; installments provided that the Optionee remains continuously employed in active service by the Company from the Grant Date through such date as follows:

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Goodman Global Inc)

Commencement of Exercisability. (a) Subject to Sections 3.1(b), 3.1(c) and 3.3 hereof3.3, the Option shall become exercisable in five equal and four cumulative installments; installments provided that the Optionee remains continuously employed in active service by the Company or any of its Subsidiaries (and no Termination of Services occurs) from the Grant Date through such date as follows:

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (JOANN Inc.)

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Commencement of Exercisability. (a) Subject to Sections 3.1(b), 3.1(c) and 3.3 hereof3.3, 60% of the Option (the “Time-Vesting Option”) shall become exercisable in five equal and cumulative installments; provided that the Optionee remains continuously employed or engaged in active service by the Company or any of its Subsidiaries (and no Termination of Services occurs) from the Grant Date through such date date, as follows:

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Mister Car Wash, Inc.)

Commencement of Exercisability. (a) Subject to Sections 3.1(b), 3.1(csubsections (f) and 3.3 hereof(h) and Section 3.3, 25% of the Option shall become exercisable in five equal and cumulative installments; installments provided that the Optionee remains continuously employed in active service by the Company from the Grant Hire Date through such the applicable date as follows:

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Hawaiian Telcom Communications, Inc.)

Commencement of Exercisability. (a) Subject to Sections 3.1(b), 3.1(csubsection (b) and (c) and Sections 3.3 hereofand 3.4, the Option shall become exercisable in five four equal and cumulative installments; installments provided that the Optionee remains continuously employed in active service by the Company from the Grant Date through such date as follows:

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Goodman Global Inc)

Commencement of Exercisability. (a) Subject to Sections 3.1(b), 3.1(csubsection (e) and 3.3 hereofSection 3.3, 25% of the Option shall become exercisable in five four equal and cumulative installments; installments provided that the Optionee remains continuously employed in active service by the Company from the Grant Date through such date as follows:

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Neff Rental Inc)

Commencement of Exercisability. (a) Subject to Sections 3.1(b), 3.1(csubsection (b) and 3.3 hereof(c) and Section 3.3, the Option shall become exercisable in five equal and cumulative installments; installments provided that the Optionee remains continuously employed in active service by with the Company from the Grant Date through such date as follows:

Appears in 1 contract

Samples: Employee Non Qualified Stock Option Agreement (FTD Group, Inc.)

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