Common use of Early Exercise Clause in Contracts

Early Exercise. The Optionee acknowledges that this is an early exercise of the Option with regard to 50,000 Shares and that in the event that the Optionee should terminate Employment prior to the dates indicated below, notwithstanding any other provisions hereto, the Company shall have the option to purchase such Shares at the Option Price. The Company may pay such purchase price by offsetting such amount against the amount then due under the Purchase Note. The Company may exercise such option at any time within thirty days following such termination of Employment. THROUGH DATE SHARES SUBJECT TO COMPANY REPURCHASE OPTION 5/3/01 50,000 5/3/02 33,333 5/3/03 16,667

Appears in 1 contract

Samples: American Capital Strategies LTD

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Early Exercise. The Optionee acknowledges that this is an early exercise of the Option with regard to 50,000 Shares and that in the event that the Optionee should terminate Employment prior to the dates indicated below, notwithstanding any other provisions hereto, the Company shall have the option to purchase such Shares at the Option Price. The Company may pay such purchase price by offsetting such amount against the amount then due under the Purchase Note. The Company may exercise such option at any time within thirty days following such termination of Employment. THROUGH DATE SHARES SUBJECT TO COMPANY REPURCHASE OPTION Through Date Shares Subject to Company Repurchase Option 5/3/01 50,000 5/3/02 33,333 5/3/03 16,667

Appears in 1 contract

Samples: American Capital Strategies LTD

Early Exercise. The Optionee acknowledges that this is an early exercise of the Option with regard to 50,000 92,550 Shares and that in the event that the Optionee should terminate Employment prior to the dates indicated below, notwithstanding any other provisions hereto, the Company shall have the option to purchase such Shares at the Option Price. The Company may pay such purchase price by offsetting such amount against the amount then due under the Purchase Note. The Company may exercise such option at any time within thirty days following such termination of Employment. THROUGH DATE SHARES SUBJECT TO COMPANY REPURCHASE OPTION 5/3/01 50,000 92,550 5/3/02 33,333 61,700 5/3/03 16,66730,850

Appears in 1 contract

Samples: American Capital Strategies LTD

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Early Exercise. The Optionee acknowledges that this is an early exercise of the Option with regard to 50,000 13,333 Shares and that in the event that the Optionee should terminate Employment prior to the dates indicated below, notwithstanding any other provisions hereto, the Company shall have the option to purchase such Shares at the Option Price. The Company may pay such purchase price by offsetting such amount against the amount then due under the Purchase Note. The Company may exercise such option at any time within thirty days following such termination of Employment. THROUGH DATE SHARES SUBJECT TO COMPANY REPURCHASE OPTION 5/3/01 50,000 5/3/02 33,333 5/3/03 16,6676/8/01 13,333 6/8/02 6,667

Appears in 1 contract

Samples: American Capital Strategies LTD

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