Common use of Exercisability of Option Vesting Clause in Contracts

Exercisability of Option Vesting. (a) FULL EXERCISABILITY. This option may be exercised at any time and from time to time for all or any portion of the Option Shares, except that this option may not be exercised for a fraction of a share. The foregoing right (subject to Sections 4 or 5 hereof if the Optionee ceases to be employed by the Company) may be exercised on or before the date which is ten years from the Grant Date. Option Shares which are "Unvested Shares," as specified in paragraph (b) below, shall, if purchased, be subject to the Company's Repurchase Option described in Section 6 unless and until they become "

Appears in 3 contracts

Samples: Qualified Stock Option Agreement (Red Hat Inc), Qualified Stock Option Agreement (Red Hat Inc), Qualified Stock Option Agreement (Red Hat Inc)

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Exercisability of Option Vesting. (a) FULL EXERCISABILITY. This option may be exercised at any time and from time to time for all or any portion of the Option Shares, except that this option may not be exercised for a fraction of a share. The foregoing right (subject to Sections 4 or 5 hereof if the Optionee Employee ceases to be employed by the Company) may be exercised on or before the date which is ten years from the Grant Date. Option Shares which are "Unvested Shares," as specified in paragraph (b) below, shall, if purchased, be subject to the Company's Repurchase Option described in Section 6 unless and until they become "

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Red Hat Inc), Incentive Stock Option Agreement (Red Hat Inc)

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