Common use of Cumulative Exercise Clause in Contracts

Cumulative Exercise. The right of exercise shall be cumulative so that if the option is not exercised to the maximum extent permissible, it shall continue to be exercisable, in whole or in part, with respect to all shares for which it is vested which were not so purchased, at any time prior to the Final Exercise Date or the earlier termination of this option.

Appears in 7 contracts

Samples: Employee Non Statutory Stock Option Agreement (Entrust Inc), Incentive Stock Option Agreement (Entrust Inc), Non Statutory Stock Option Agreement (Entrust Inc)

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Cumulative Exercise. The right of exercise shall be cumulative so that if to the extent the option is not exercised in any period to the maximum extent permissible, permissible it shall continue to be exercisable, in whole or in part, with respect to all shares Shares for which it is vested which were not so purchased, at any time prior to until the earlier of the Final Exercise Date or the earlier termination of this optionoption under Section 3 hereof or the Plan.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Decibel Therapeutics, Inc.), Incentive Stock Option Agreement (Decibel Therapeutics, Inc.)

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