Common use of Duration and Exercisability Clause in Contracts

Duration and Exercisability. (a) This Option shall vest and become exercisable in accordance with the schedule set forth on the Agreement. This Option shall in all events terminate seven (7) years after the date of grant, if not earlier in the event of termination of employment. (b) Notwithstanding the provisions contained in Section 2(a) above, but subject to the other terms and conditions set forth herein, this Option shall become fully vested and exercisable on the date of a “Change in Control” (as hereinafter defined). For purposes of the Agreement and this Exhibit A to the Agreement, the following terms shall have the definitions set forth below:

Appears in 6 contracts

Samples: Incentive Stock Option Agreement (Adc Telecommunications Inc), Incentive Stock Option Agreement (Adc Telecommunications Inc), Nonqualified Stock Option Agreement (Adc Telecommunications Inc)

AutoNDA by SimpleDocs

Duration and Exercisability. (a) This Subject to early vesting as provided in Section 3 below, this Option shall vest and become exercisable in accordance with the schedule set forth on the Agreement. This Option shall in all events terminate seven (7) years after the date of grant, if not earlier in the event of termination of employment. (b) Notwithstanding the provisions contained in Section 2(a) above, but subject to the other terms and conditions set forth herein, this Option shall become fully vested and exercisable on the date of a “Change in Control” (as hereinafter defined). For purposes of the Agreement and this Exhibit A to the Agreement, the following terms shall have the definitions set forth below:

Appears in 4 contracts

Samples: Nonqualified Stock Option Agreement (Adc Telecommunications Inc), Incentive Stock Option Agreement (Adc Telecommunications Inc), Incentive Stock Option Agreement (Adc Telecommunications Inc)

Duration and Exercisability. (a) This Option shall vest and become exercisable in accordance with the schedule set forth on the Agreement. This Option shall in all events terminate seven ten (710) years after the date of grant, if not earlier in the event of termination of employment. (b) Notwithstanding the provisions contained in Section 2(a) above, but subject to the other terms and conditions set forth herein, this Option shall become fully vested and exercisable on the date of a “Change in Control” (as hereinafter defined). For purposes of the Agreement and this Exhibit A to the Agreement, the following terms shall have the definitions set forth below:

Appears in 4 contracts

Samples: Incentive Stock Option Agreement (Adc Telecommunications Inc), Nonqualified Stock Option Agreement (Adc Telecommunications Inc), Nonqualified Stock Option Agreement (Adc Telecommunications Inc)

Duration and Exercisability. (a) This Option shall vest and become exercisable in accordance with the schedule set forth on the Agreement. This Option shall in all events terminate seven ten (710) years after the date of grant, if not earlier in the event of termination of employment. (b) Notwithstanding the provisions contained in Section 2(a) above, but subject to the other terms and conditions set forth herein, this Option shall become fully vested and exercisable on the date of a "Change in Control" (as hereinafter defined). For purposes of the Agreement and this Exhibit A to the Agreement, the following terms shall have the definitions set forth below:

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Adc Telecommunications Inc), Nonqualified Stock Option Agreement (Adc Telecommunications Inc)

AutoNDA by SimpleDocs

Duration and Exercisability. (a) This Option shall vest and become exercisable in accordance with the schedule set forth on the Agreement. This Option shall in all events terminate seven (7) years after the date of grant, if not earlier in the event of termination of employment. (b) Notwithstanding the provisions contained in Section 2(a) above, but subject to the other terms and conditions set forth herein, this Option shall become fully vested and exercisable on the date of a "Change in Control" (as hereinafter defined). For purposes of the Agreement and this Exhibit A to the Agreement, the following terms shall have the definitions set forth below:

Appears in 1 contract

Samples: Stock Option Agreement (Adc Telecommunications Inc)

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