Exercisability of Option. Unless otherwise provided in this Agreement or the Plan, this Option shall entitle the Participant to purchase, in whole at any time or in part from time to time, to the extent the Option is vested in accordance with the vesting schedule herein, the Shares subject to this Option, and each such right of purchase shall be cumulative and shall continue, unless sooner exercised or terminated as herein provided, during the remaining Option Period.
Exercisability of Option. No portion of the Option granted to Grantee shall be exercisable by Grantee prior to the time such portion of the Option has vested.
Exercisability of Option. Subject to the terms and conditions set forth in this Agreement and the Plan, the Option granted hereby shall become exercisable as follows:
Exercisability of Option. Subject to the terms of the Plan, Options may be exercised in whole or in part at any time following such time as such Option vests. The latest date on which an Option may be exercised (the “Final Exercise Date”) is the date which is the tenth anniversary of the Grant Date, subject to earlier termination in accordance with the terms and provisions of the Plan and this Agreement. For the avoidance of doubt the Option may only be exercised for whole Units and not any individual component shares thereof.
Exercisability of Option. As to the total number of Shares with respect to which the Option is granted, the Option shall be exercisable [on and after the first anniversary of the Grant Date] [as follows:
(i) of the Option in the aggregate may be exercised on or after __________; (ii) _____% of the Option in the aggregate may be exercised on or after __________; (iii) . . .] However, the right of Optionee to exercise the Option shall be deferred to the extent that the Option otherwise would not be treated as a qualified incentive stock option by reason of the $100,000 annual limitation under Section 422(d) of the Internal Revenue Code of 1986, as amended (the "Code").
Exercisability of Option. The Option Shares subject to the Option shall become purchasable beginning at any time and from time to time beginning on the date hereof and for a period of 60 months thereafter, and after the expiration date (the "Expiration Date"), this option and all rights hereunder shall expire and any Option Shares not purchased on or before the Expiration Date may not thereafter be purchased hereunder. In the event Optionee fails to exercise the option on or prior to the Expiration Date, then the Option as to all Option Shares not exercised shall expire and Optionee shall have no rights with respect to such remainder of the Option or the Option Shares.
Exercisability of Option. (a) On the Grant Date, this option shall vest and be exercisable with respect to 500,000 shares. On each of the first three anniversaries of the Grant Date, except as otherwise provided below, this option shall vest and become exercisable with respect to an additional 500,000 shares.
(b) In the event that the Optionee's employment with the Company is terminated due to death or Disability, pursuant to Section 14(a) or 14(b), respectively, of the Employment Agreement, this option, to the extent not yet vested and exercisable, shall become fully vested and exercisable as of the date of termination, and shall remain exercisable for all shares through the first anniversary of such date, or, if earlier, January 19, 2011, at which time it shall expire to the extent it is not yet exercised.
(c) In the event that the Optionee's employment with the Company is terminated for Cause, pursuant to Section 14(c) of the Employment Agreement, this option shall expire.
(d) In the event that the Optionee's employment with the Company is terminated without Cause or for Good Reason, pursuant to Section 14(d) of the Employment Agreement, or Retirement, pursuant to Section 14(f) of the Employment Agreement, this option shall become fully vested and exercisable as of the date of termination and shall remain fully exercisable through the fifth anniversary of the date of termination, or, if earlier, January 19, 2011, at which time it shall expire to the extent it is not yet exercised.
(e) In the event that the Optionee voluntarily terminates his employment with the Company prior to the third anniversary of the Grant Date, pursuant to Section 14(e) of the Employment Agreement, this option (x) to the extent that it is exercisable as of the date of termination, shall remain fully exercisable for 90 days following such date, or, if earlier, January 19, 2011, at which time it shall expire, and (y) to the extent that it is not exercisable as of the date of termination, shall expire.
(f) Anything elsewhere to the contrary notwithstanding, (x) immediately prior to any Change of Control that occurs while this option remains outstanding during the Optionee's employment with the Company (to permit the Optionee, if he chooses, to exercise the option and acquire the shares subject to such exercise prior to the Change of Control), this option shall become fully vested and exercisable, (y) upon any termination by the Optionee which occurs pursuant to notice given by the Optionee within the 30 day ...
Exercisability of Option. Subject to the terms and conditions set forth in this Agreement and the Plan, the Option granted hereby shall become vested and exercisable as set forth in the Stock Option Grant Notice and is subject to the other terms and conditions of this Agreement and the Plan.
Exercisability of Option. This Option may be exercised at any time prior to the Expiration Date set forth above or its earlier cancellation as follows:
(a) [Insert vesting schedule] The number of shares with respect to which this Option becomes exercisable on any date will be rounded down to the next lowest whole number, and any fraction of a share shall be added to the portion of the Option becoming exercisable the following month.
(b) Upon the termination of your employment by reason of Retirement, any portion of this Option which is then exercisable will remain exercisable until the Expiration Date and any portion of this Option which is not then exercisable will be canceled.
(c) Upon the termination of your employment by reason of death or Disability, any portion of this Option which is not then exercisable will become exercisable and, along with any portion of this Option which is then exercisable, will remain exercisable until the Expiration Date.
(d) Upon the termination of your employment for Cause, this Option will be canceled.
(e) Upon the termination of your employment as a result of a Company Action, any portion of this Option that is then exercisable shall remain exercisable until the earlier of (i) the ninetieth day from the date of termination and (ii) the Expiration Date, and the Company Action Vesting Portion shall not be forfeited and canceled and shall become immediately exercisable until the earlier of (i) the ninetieth day after termination of employment and (ii) the original Expiration Date. "Company Action Vesting Portion" is determined as of the date of termination of employment and shall be the portion of the Option computed as follows (but not less than zero): Company Action Vesting Portion = N x M/D - E where: N = the number of shares originally subject to the Option, M = the number of complete months elapsed since the Grant Date, D = the number of complete months between the Grant Date and the date on which the Option was originally scheduled to become completely exercisable, and E = the number of Shares covered by the Option for which the Option has already become exercisable (regardless of whether the Option has been exercised with respect to such Shares). If your employment terminates under circumstances constituting both a Company Action and Retirement, the Company Action Vesting Portion shall become exercisable on the termination date and, together with any portion of the Option which was already exercisable, shall remain exercisable until the Expir...
Exercisability of Option. Subject to the terms and conditions set forth in this Agreement and the Plan, the Option granted hereby shall become exercisable as follows: On the first anniversary of the date of this Agreement up to _________ Shares On the second anniversary of the date of this Agreement an additional _________ Shares On the third anniversary of the date of this Agreement an additional _________ Shares On the fourth anniversary of the date of this Agreement an additional _________ Shares The foregoing rights are cumulative and are subject to the other terms and conditions of this Agreement and the Plan.
