Common use of Cumulative Exercisability Clause in Contracts

Cumulative Exercisability. To the extent that the Option is vested and exercisable, the Grantee has the right to exercise the Option (to the extent not previously exercised), and such right shall continue, until the expiration or earlier termination of the Option. • No Fractional Shares. Fractional share interests shall be disregarded, but may be cumulated. • Minimum Exercise. No fewer than 1001 shares of Common Stock may be purchased at any one time, unless the number purchased is the total number at the time exercisable under the Option.

Appears in 3 contracts

Samples: Executive Employee Incentive Stock Option Agreement, Employee Stock Option Agreement (Apria Healthcare Group Inc), Employee Stock Option Agreement (Apria Healthcare Group Inc)

AutoNDA by SimpleDocs

Cumulative Exercisability. To the extent that the Option is vested and exercisable, the Grantee has the right to exercise the Option (to the extent not previously exercised), and such right shall continue, until the expiration or earlier termination of the Option. · No Fractional Shares. Fractional share interests shall be disregarded, but may be cumulated. · Minimum Exercise. No fewer than 1001 100 shares of Common Stock (subject to adjustment under Section 7.1 of the Plan) may be purchased at any one time, unless the number purchased is the total number at the time exercisable under the Option.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (International Rectifier Corp /De/)

AutoNDA by SimpleDocs

Cumulative Exercisability. To the extent that the Option is vested and exercisable, the Grantee Participant has the right to exercise the Option (to the extent not previously exercised), and such right shall continue, continue until the expiration or earlier termination of the Option. • No Fractional Shares. Fractional share interests shall be disregarded, but may be cumulated. • Minimum Exercise. No fewer than 1001 shares of Common Stock may be purchased at any one time, unless the number purchased is the total number at the time exercisable under the Option.

Appears in 1 contract

Samples: Stock Option Agreement (Corinthian Colleges Inc)

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