Common use of Exercisability of Option Clause in Contracts

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.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Interleukin Genetics Inc), Incentive Stock Option Agreement (Asianada, Inc.)

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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.Shares

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Immunogen Inc), Non Qualified Stock Option Agreement (Immunogen Inc)

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.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Nuance Communications, Inc.)

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.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Interleukin Genetics Inc)

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.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Neogenix Oncology Inc)

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 _________ one-fourth Shares On the second anniversary of the date of this Agreement an additional _________ one-fourth Shares On the third anniversary of the date of this Agreement an additional _________ one-fourth Shares On the fourth anniversary of the date of this Agreement an additional _________ one-fourth Shares The foregoing rights are cumulative and are subject to the other terms and conditions of this Agreement and the Plan.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Ibis Technology Corp)

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 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 the Agreement and the Plan.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Asianada, Inc.)

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 of this Agreement On the second anniversary of the date of this Agreement an additional __________ Shares of this Agreement 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.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Majesco Entertainment Co)

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 of this Agreement On the second anniversary of the date of this Agreement an additional _________ Shares of this Agreement On the third anniversary of the date of this Agreement an additional _________ Shares of this Agreement On the fourth anniversary of the date of this Agreement an additional _________ Shares of this Agreement The foregoing rights are cumulative and are subject to the other terms and conditions of this Agreement and the Plan.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (National Datacomputer Inc)

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.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Interleukin Genetics Inc)

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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 Every three months thereafter until 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.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Archemix Corp.)

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.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Interleukin Genetics Inc)

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 1 The foregoing rights are cumulative and are subject to the other terms and conditions of this Agreement and the Plan.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (CampusU)

Exercisability of Option. Subject to the terms and conditions set forth in this Agreement and the PlanAgreement, 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.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Neogenix Oncology Inc)

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 of this Agreement On the second anniversary of the date of this Agreement an additional _________ Shares of this Agreement 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.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Majesco Entertainment Co)

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