Exercisability of Option; Rights and Privileges Sample Clauses

Exercisability of Option; Rights and Privileges. Subject to the provisions of Paragraph 6 hereof, the Option shall be exercisable by Optionee; (i) one-half (1/2) upon the Effective Date of the employment Agreement and (ii) one-half (1/2) upon the first anniversary of the Effective Date (the "Exercise Dates") for a period of five (5) years for each Exercise Date. All granted but unexercised Options shall continue to be fully exercisable in accordance with the provisions herein:
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Exercisability of Option; Rights and Privileges. Subject to the provisions of Paragraph 6 hereof, the Option shall be exercisable by Optionee: (i) 50,000 upon the Effective Date; (ii) 50,000 upon six (6) months following the Effective Date; (iii) 50,000 upon the first anniversary of the Effective Date and (iv) 50,000 upon eighteen (18) months following the Effective Date (the "Exercise Date(s)") for a period of five (5) years from each Exercise Date (the "Exercise Period"). All granted but unexercised Options shall continue to be fully exercisable in accordance with the provisions herein:
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Exercisability of Option; Rights and Privileges. Subject to the provisions of Paragraph 6 hereof, the Option shall be exercisable by Optionee in whole or in part: one-half upon the Effective Date and one-half upon the first anniversary of the Effective Date. All granted but unexercised Options shall continue to be fully exercisable in accordance with the provisions herein:
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Exercisability of Option; Rights and Privileges. Subject to the provisions of Paragraph 6 hereof, the Option shall be exercisable by Optionee from time to time, for a period of five (5) years commencing: (i) 125,000 options from the Effective Date and (ii) 125,000 Options from the first anniversary of the Effective Date. All granted but unexercised Options shall continue to be fully exercisable in accordance with the provisions herein:
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Exercisability of Option; Rights and Privileges. Subject to the provisions of Paragraph 6 hereof, the Option shall be exercisable by Optionee ; (i) one-half (1/2) upon the Volume Weighted Average Price (VWAP) of the Company’s common stock trading at or above $0.50 per share for thirty (30) consecutive trading days; (ii) one-half (1/2) upon the VWAP of the Company’s common stock trading at or above $1.00 per share for thirty (30) consecutive trading days or (iii) in their entirety on the tenth (10th) anniversary of the Effective Date. All granted but unexercised Options shall continue to be fully vested and exercisable in accordance with the provisions herein:
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Exercisability of Option; Rights and Privileges. Subject to the provisions of Paragraph 6 hereof, the Option shall be exercisable by Optionee for a period of five (5) years commencing:
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Exercisability of Option; Rights and Privileges. Subject to the provisions of Paragraph 6 hereof, the Option shall be exercisable by Optionee in whole or in part, at any time and from time to time, commencing on the Effective Date (the "Exercise Date") through October 5, 2003 All granted but unexercised Options shall continue to be fully exercisable in accordance with the provisions herein:
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Related to Exercisability of Option; Rights and Privileges

  • Exercisability of Options Options granted under the Plan shall be exercisable at such times and be subject to such restrictions and conditions as the Committee shall determine in its sole discretion. After an Option is granted, the Committee, in its sole discretion, may accelerate the exercisability of the Option.

  • 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.

  • Vesting and Exercisability of Option The Option shall vest, and may be exercised, with respect to the Shares as set forth in the Optionee Statement attached hereto and made a part hereof, subject to earlier termination of the Option as provided in Sections 1.4 and 6 hereof or in the Plan. The right to purchase the Shares as they become vested shall be cumulative and shall continue during the Exercise Term unless sooner terminated as provided herein.

  • Transferability of Option The Option shall not be transferable except by will or the laws of descent and distribution, and any attempt to do so shall void the Option.

  • Transferability of Options During the lifetime of an Optionee, only such Optionee (or, in the event of legal incapacity or incompetency, the Optionee’s guardian or legal representative) may exercise the Option. No Option shall be assignable or transferable by the Optionee to whom it is granted, other than by will or the laws of descent and distribution.

  • Expiration of Options Except as otherwise provided in Section 5 or 6 of the Management Stockholder's Agreement, the Options may not be exercised to any extent by the Optionee after the first to occur of the following events:

  • Nontransferability of Options The Option and this Agreement shall not be assignable or transferable by Optionee other than by will or by the laws of descent and distribution. During Optionee's lifetime, the Option and all rights of Optionee under this Agreement may be exercised only by Optionee (or by his guardian or legal representative). If the Option is exercised after Optionee's death, the Committee may require evidence reasonably satisfactory to it of the appointment and qualification of Optionee's personal representatives and their authority and of the right of any heir or distributee to exercise the Option.

  • Nontransferability of Option This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant.

  • Acceleration of Exercisability of Option (a) This Option shall become immediately fully exercisable in the event that, prior to the termination of the Option pursuant to Section 6 hereof, and during the Optionee’s Continuous Service, there is a “Change in Control,” as defined in Section 9(b) of the Plan.

  • Exercisability This option shall be exercisable as to: Number of Shares Vesting Date 400 immediate This option shall remain exercisable as to all vested shares until January 1,2014 (but not later than ten (10) years from the date this option is granted) unless this option has expired or terminated earlier in accordance with the provisions hereof or in the Plan. Subject to paragraphs 4 and 5, shares as to which this option becomes exercisable pursuant to the foregoing provision may be purchased at any time prior to expiration of this option.

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