Common use of Exercisability and Term Clause in Contracts

Exercisability and Term. Each SAR Agreement shall specify the date when all or any installment of the SAR is to become exercisable. The SAR Agreement shall also specify the term of the SAR. A SAR Agreement may provide for accelerated exercisability in the event of the recipient’s death, 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 recipient’s Service. SARs may also be awarded in combination with Options, Restricted Stock or Stock Units, and such an Award may provide that the SARs will not be exercisable unless the related Options, Restricted Stock or Stock Units 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 Gxxxx or at any subsequent time, but not later than six months before the expiration of such NSO. 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: 2004 Italy Stock Award Sub (Gentium S.p.A.)

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Exercisability and Term. Each SAR Agreement shall specify the date when all or any installment of the SAR is to become exercisable. The SAR Agreement shall also specify the term of the SAR. A SAR Agreement may provide for accelerated exercisability in the event of the recipient’s 's death, 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 recipient’s 's Service. SARs may also be awarded in combination with Options, Restricted Stock or Stock Units, and such an Award may provide that the SARs will not be exercisable unless the related Options, Restricted Stock or Stock Units 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 Gxxxx Xxxxx or at any subsequent time, but not later than six months before the expiration of such NSO. 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: Restricted Stock Agreement (Gentium S.p.A.)

Exercisability and Term. Each SAR Agreement shall specify the date when all or any installment of the SAR is to become exercisable. The SAR Agreement shall also specify the term of the SAR. A An SAR Agreement may provide for accelerated exercisability in the event of the recipient’s Optionee'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 recipient’s ServiceOptionee's service. SARs may also be awarded in combination with Options, Restricted Stock Shares or Stock Units, and such an Award may provide that the SARs will not be exercisable unless the related Options, Restricted Stock Shares or Stock Units are forfeited. A An SAR may be included in an ISO only at the time of Grant grant but may be included in an NSO at the time of Gxxxx grant or at any subsequent time, but not later than six months before the expiration of such NSOthereafter. 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: Nanogen Inc

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Exercisability and Term. Each SAR Agreement shall specify the date when all or any installment of the SAR is to become exercisable. The SAR Agreement shall also specify the term of the SAR. A SAR Agreement may provide for accelerated exercisability in the event of the recipient’s Optionee'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 recipient’s ServiceOptionee's service. SARs may also be awarded in combination with Options, Restricted Stock Shares or Stock Units, and such an Award may provide that the SARs will not be exercisable unless the related Options, Restricted Stock Shares or Stock Units are forfeited. A SAR may be included in an ISO only at the time of Grant grant but may be included in an NSO at the time of Gxxxx grant or at any subsequent time, but not later than six months before the expiration of such NSO. 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: Zilog Inc

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