Common use of Exercisability of Option Clause in Contracts

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.

Appears in 11 contracts

Samples: Stockholders Agreement (Burlington Holdings, Inc.), Stockholders Agreement (Burlington Holdings, Inc.), Stockholders Agreement (Burlington Holdings, Inc.)

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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.

Appears in 10 contracts

Samples: Non Qualified Stock Option Agreement (Burlington Stores, Inc.), Non Qualified Stock Option Agreement (Burlington Stores, Inc.), Stockholders Agreement (Burlington Stores, Inc.)

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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 Award Agreement. For the avoidance of doubt the Option may only be exercised for whole Units and not any individual component shares thereof.

Appears in 2 contracts

Samples: Award Agreement (Burlington Stores, Inc.), Award Agreement (Burlington Stores, Inc.)

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