Common use of Duration of Exercisability Clause in Contracts

Duration of Exercisability. The vesting schedule installments of the Option provided for in the vesting schedule of this Award Agreement are cumulative. Each such installment which becomes vested and exercisable in accordance with the vesting schedule shall remain vested and exercisable until it ceases to be exercisable in accordance with Section 2.5 of this Award Agreement.

Appears in 4 contracts

Samples: Omnibus Employee Incentive Plan (Hooper Holmes Inc), Omnibus Employee Incentive Plan (Hooper Holmes Inc), Omnibus Employee Incentive Plan (Hooper Holmes Inc)

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Duration of Exercisability. The vesting schedule installments of the Option provided for in the vesting schedule of this Award Agreement Grant Letter are cumulative. Each such installment which becomes vested and exercisable in accordance with the vesting schedule shall remain vested and exercisable until it ceases to be exercisable in accordance with Section 2.5 2.4 of this Award AgreementGrant Letter.

Appears in 1 contract

Samples: Option Grant Letter (GRANDPARENTS.COM, Inc.)

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