Common use of Exercisability and Term Clause in Contracts

Exercisability and Term. Each SAR Award Agreement shall specify the date when all or any installment of the SAR is to become exercisable. The SAR Award Agreement shall also specify the term of the SAR. A SAR Award Agreement may provide for accelerated exercisability in the event of the Participant’s death, disability or retirement or other events and may provide for expiration prior to the end of its term in the event of the termination of the Participant’s service. SARs may be awarded in combination with Options, and such an Award may provide that the SARs will not be exercisable unless the related Options are forfeited. A SAR may be included in an ISO only at the time of grant but may be included in an NSO at the time of grant or thereafter. A SAR granted under the Plan may provide that it will be exercisable only in the event of a Change in Control.

Appears in 21 contracts

Samples: Stock Incentive Plan (EGAIN Corp), 2015 Stock Incentive Plan (Invitae Corp), 2015 Stock Incentive Plan (Invitae Corp)

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Exercisability and Term. Each SAR Award Agreement shall specify the date when all or any installment of the SAR is to become exercisable. The SAR Award Agreement shall also specify the term of the SAR. A SAR Award Agreement may provide for accelerated exercisability in the event of the Participant’s death, disability or retirement Disability, retirement, or other events and may provide for expiration prior to the end of its term in the event of the termination of the Participant’s serviceService. SARs may be awarded in combination with Options, and such an Award may provide that the SARs will not be exercisable unless the related Options are forfeited. A SAR may be included in an ISO only at the time of grant but may be included in an NSO at the time of grant or thereafter. A SAR granted under the Plan may provide that it will be exercisable only in the event of a Change in Control.

Appears in 14 contracts

Samples: 2020 Stock Incentive Plan (Vincerx Pharma, Inc.), 2021 Stock Incentive Plan (Lucid Group, Inc.), 2021 Stock Incentive Plan (Rockley Photonics Holdings LTD)

Exercisability and Term. Each SAR Award Agreement shall specify the date when all or any installment of the SAR is to become exercisable. The SAR Award Agreement shall also specify the term of the SAR. A SAR Award Agreement may provide for accelerated exercisability in the event of the Participant’s death, disability Disability or retirement or other events and may provide for expiration prior to the end of its term in the event of the termination of the Participant’s serviceService. SARs may be awarded in combination with Options, and such an Award may provide that the SARs will not be exercisable unless the related Options are forfeited. A SAR may be included in an ISO only at the time of grant but may be included in an NSO at the time of grant or thereafter. A SAR granted under the Plan may provide that it will be exercisable only in the event of a Change in Control.

Appears in 8 contracts

Samples: 2020 Stock Incentive Plan (Nikola Corp), 2020 Stock Incentive Plan (Nikola Corp), 2020 Stock Incentive Plan (Nikola Corp)

Exercisability and Term. Each SAR Award Agreement shall specify the date when all or any installment of the SAR is to become exercisable. The SAR Award Agreement shall also specify the term of the SARSAR provided that the term of the SAR shall in no event exceed ten (10) years from the date of grant. A SAR Award Agreement may provide for accelerated exercisability in the event of the Participant’s death, disability or retirement Disability, retirement, or other events and may provide for expiration prior to the end of its term in the event of the termination of the Participant’s serviceService. SARs may be awarded in combination with Options, and such an Award may provide that the SARs will not be exercisable unless the related Options are forfeited. A SAR may be included in an ISO only at the time of grant but may be included in an NSO at the time of grant or thereafter. A SAR granted under the Plan may provide that it will be exercisable only in the event of a Change in Control.

Appears in 7 contracts

Samples: 2024 Omnibus Incentive Plan (I-Mab), 2024 Stock Incentive Plan (Silvaco Group, Inc.), 2024 Stock Incentive Plan (Silvaco Group, Inc.)

Exercisability and Term. Each SAR Award Agreement shall specify the date when all or any installment of the SAR is to become exercisable. The SAR Award Agreement shall also specify the term of the SAR. A An SAR Award Agreement may provide for accelerated exercisability in the event of the ParticipantOptionee’s death, disability or retirement or other events and may provide for expiration prior to the end of its term in the event of the termination of the ParticipantOptionee’s serviceService. SARs may be awarded in combination with Options, and such an Award may provide that the SARs will not be exercisable unless the related Options are forfeited. A An SAR may be included in an ISO only at the time of grant but may be included in an NSO at the time of grant or thereafter. A An SAR granted under the Plan may provide that it will be exercisable only in the event of a Change in Control.

Appears in 4 contracts

Samples: Equity Incentive Plan (Alimera Sciences Inc), Equity Incentive Plan (Alimera Sciences Inc), Equity Incentive Plan (Alimera Sciences Inc)

Exercisability and Term. Each SAR Award Agreement shall specify the date when all or any installment of the SAR is to become exercisable. The SAR Award Agreement shall also specify the term of the SAR; provided that the term of a SAR shall in no event exceed 10 years from the date of grant. A SAR Award Agreement may provide for accelerated exercisability in the event of the Participant’s death, disability or retirement or other events and may provide for expiration prior to the end of its term in the event of the termination of the Participant’s service. SARs may be awarded in combination with Options, and such an Award may provide that the SARs will not be exercisable unless the related Options are forfeited. A SAR may be included in an ISO only at the time of grant but may be included in an NSO at the time of grant or thereafter. A SAR granted under the Plan may provide that it will be exercisable only in the event of a Change in Control.

Appears in 3 contracts

Samples: 2009 Stock Incentive Plan (Financial Engines, Inc.), 2009 Stock Incentive Plan (Financial Engines, Inc.), 2009 Stock Incentive Plan (Financial Engines, Inc.)

Exercisability and Term. Each SAR Award Agreement shall specify the date when all or any installment of the SAR is to become exercisable. The SAR Award Agreement shall also specify the term of the SAR. A An SAR Award Agreement may provide for accelerated exercisability in the event of the ParticipantOptionee’s death, disability or retirement or other events and may provide for expiration prior to the end of its term in the event of the termination of the ParticipantOptionee’s service. SARs may be awarded in combination with Options, and such an Award may provide that the SARs will not be exercisable unless the related Options are forfeited. A An SAR may be included in an ISO only at the time of grant but may be included in an NSO at the time of grant or thereafter. A An SAR granted under the Plan may provide that it will be exercisable only in the event of a Change in Control.

Appears in 1 contract

Samples: 1996a Stock Plan (Selectica Inc)

Exercisability and Term. Each SAR Award Agreement shall specify the date when all or any installment of the SAR is to become exercisable. The SAR Award Agreement shall also specify the term of the SAR, which shall in no event exceed 10 years from the date of grant. A SAR Award Agreement may provide for accelerated exercisability in the event of the Participant’s death, disability Disability or retirement or other events and may provide for expiration prior to the end of its term in the event of the termination of the Participant’s serviceService. SARs may be awarded in combination with Options, and such an Award may provide that the SARs will not be exercisable unless the related Options are forfeited. A SAR may be included in an ISO only at the time of grant but may be included in an NSO Option at the time of grant or thereafter. A SAR granted under the Plan may provide that it will be exercisable only in the event of a Change in Control.

Appears in 1 contract

Samples: Inducement Award Plan (SITIME Corp)

Exercisability and Term. Each SAR Award Agreement shall specify the date when all or any installment of the SAR is to become exercisable. The SAR Award Agreement shall also specify the term of the SAR. A An SAR Award Agreement may provide for accelerated exercisability in the event of the ParticipantOptionee’s death, disability or retirement or other events and may provide for expiration prior to the end of its term in the event of the termination of the ParticipantOptionee’s service. SARs may be awarded in combination with Options, and such an Award may provide that the SARs will not be exercisable unless the related Options are forfeited. A An SAR may be included in an ISO only at the time of grant but may be included in an NSO at the time of grant or thereafter. A SAR granted under the Plan may provide that it will be exercisable only in the event of a Change in Control.

Appears in 1 contract

Samples: 1999 Equity Incentive Plan (Vignette Corp)

Exercisability and Term. Each SAR Award Agreement shall specify the date when all or any installment of the SAR is to become exercisable. The SAR Award Agreement shall also specify the term of the SAR. A SAR Award Agreement may provide for accelerated exercisability in the event of the Participant’s death, disability or retirement Disability, retirement, or other events and may provide for expiration prior to the end of its term in the event of the termination of the Participant’s serviceService. SARs may be awarded in combination with Options, and such an Award may provide that the SARs will not be exercisable exercisable, unless the related Options are forfeited. A SAR may be included in an ISO only at the time of grant but may be included in an NSO at the time of grant or thereafter. A SAR granted under the Plan may provide that it will be exercisable only in the event of a Change in Control.

Appears in 1 contract

Samples: 2022 Stock Incentive Plan (CENNTRO ELECTRIC GROUP LTD)

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Exercisability and Term. Each SAR Award Agreement shall specify the date when all or any installment of the SAR is to become exercisable. The SAR Award Agreement shall also specify the term of the SAR. A An SAR Award Agreement may provide for accelerated exercisability in the event of the ParticipantOptionee’s death, disability or retirement or other events and may provide for expiration prior to the end of its term in the event of the termination of the ParticipantOptionee’s serviceService. SARs may be awarded in combination with Options, and such an Award may provide that the SARs will not be exercisable unless the related Options are forfeited. A An SAR may be included in an ISO only at the time of grant but may be included in an NSO at the time of grant or thereafter. A An SAR granted under the Plan may provide that it will be exercisable only in the event of a Change in Control.

Appears in 1 contract

Samples: 2007 Equity Incentive Plan (GlassHouse Technologies Inc)

Exercisability and Term. Each SAR Award Agreement shall specify the date when all or any installment of the SAR is to become exercisable. The SAR Award Agreement shall also specify the term of the SARSAR provided that the term of the SAR shall in no event exceed ten (10) years from the date of grant. A An SAR Award Agreement may provide for accelerated exercisability in the event of the Participant’s death, disability or retirement Disability, retirement, or other events and may provide for expiration prior to the end of its term in the event of the termination of the Participant’s serviceService. SARs may be awarded in combination with Options, and such an Award may provide that the SARs will not be exercisable unless the related Options are forfeited. A An SAR may be included in an ISO only at the time of grant but may be included in an NSO at the time of grant or thereafter. A An SAR granted under the Plan may provide that it will be exercisable only in the event of a Change in Control.

Appears in 1 contract

Samples: 2024 Stock Incentive Plan (Sow Good Inc.)

Exercisability and Term. Each SAR Award Agreement shall specify the date when all or any installment of the SAR is to become exercisable. The SAR Award Agreement shall also specify the term of the SARSAR provided that the term of the SAR shall in no event exceed 10 years from the date of grant. A SAR Award Agreement may provide for accelerated exercisability in the event of the Participant’s death, disability or retirement Disability, retirement, or other events and may provide for expiration prior to the end of its term in the event of the termination of the Participant’s serviceService. SARs may be awarded in combination with Options, and such an Award may provide that the SARs will not be exercisable unless the related Options are forfeited. A SAR may be included in an ISO only at the time of grant but may be included in an NSO at the time of grant or thereafter. A SAR granted under the Plan may provide that it will be exercisable only in the event of a Change in Control.

Appears in 1 contract

Samples: Business Combination Agreement (Pathfinder Acquisition Corp)

Exercisability and Term. Each SAR Award Agreement shall specify the date when all or any installment of the SAR is to become exercisable. The SAR Award Agreement shall also specify the term of the SAR. A SAR Award Agreement may provide for accelerated exercisability in the event of the Participant’s death, disability Disability or retirement or other events and may provide for expiration prior to the end of its term in the event of the termination of the Participant’s serviceService. SARs may be awarded in combination with Options, and such an Award may provide that the SARs will not be exercisable unless the related Options are forfeited. A SAR may be included in an ISO only at the time of grant but may be included in an NSO Option at the time of grant or thereafter. A SAR granted under the Plan may provide that it will be exercisable only in the event of a Change in Control.

Appears in 1 contract

Samples: Inducement Plan (Nikola Corp)

Exercisability and Term. Each SAR Award Agreement shall specify the date when all or any installment of the SAR is to become exercisable. The SAR Award Agreement shall also specify the term of the SAR. A SAR Award Agreement may provide for accelerated exercisability in the event of the Participant’s death, disability Disability or retirement or other events and may provide for expiration prior to the end of its term in the event of the termination of the Participant’s service. SARs may be awarded in combination with Options, and such an Award may provide that the SARs will not be exercisable unless the related Options are forfeited. A SAR may be included in an ISO only at the time of grant but may be included in an NSO at the time of grant or thereafter. A SAR granted under the Plan may provide that it will be exercisable only in the event of a Change in Control.

Appears in 1 contract

Samples: 2020 Stock Incentive Plan (Plus Therapeutics, Inc.)

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