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 Options. Options shall vest upon the earliest to occur of the events described in Sections 3.1 or 3.2, but subject to the limitations set forth in Section 3.4, and shall become exercisable as described in Section 3.3:
Exercisability of Options. During Leave — Your right to exercise Options that are vested at the time the leave of absence begins will be unaffected by the leave of absence.
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. If a Participant dies while an Employee, the exercisability of his or her Options shall be fully accelerated to the date of Termination of Service.
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. With respect to Options granted on or after November 17, 2000, if a Participant who is an Employee dies, incurs a Disability or terminates service by reason of his or her Retirement, the exercisability of his or her Options shall be fully accelerated to the date of Termination of Service. With respect to Options granted prior to November 17, 2000, if a Participant dies while an Employee, the exercisability of his or her Options shall be fully accelerated to the date of Termination of Service.
Exercisability of Options. All of the Options are unvested on the Date of Grant. Options shall vest upon, but only upon, the events described in Section 2.1, unless vesting is accelerated pursuant to Sections 2.2 or 2.3 or terminated pursuant to Section 2.5. Vested Options shall be exercisable as described in Sections 2.4 and Article 3, in each case subject to limitations set forth in Article 4. All Options shall be non-transferable as set forth in Section 5.2. All shares of Common Stock issued upon exercise of Options shall be transferable, although:
(a) transferability may be subject to pre-clearance, blackout, registration and other requirements and restrictions under the Company’s xxxxxxx xxxxxxx and other compliance policies and procedures; and
(b) transfers by executive officers should be reviewed in advance to determine if there would be any potential liability for short-swing profits under Section 16(b) of the Exchange Act.
Exercisability of Options. The Options shall be exercisable in such installments and at such times as set forth on Schedule A, if Grantee is serving as a director on the applicable date. To the extent not exercised, installments shall accumulate and may be exercised, in whole or in part, at any time after becoming exercisable, but not later than the date the Options expire. The Committee may accelerate the exercisability of any or all-outstanding Options at any time for any reason. Notwithstanding the foregoing, any installment of the Options that is not exercisable prior to a Change in Control shall become exercisable on the date of such Change in Control and shall remain exercisable for the remainder of their term so long as Grantee is serving as a director immediately prior to the Change of Control.
Exercisability of Options a. The Option may be exercised only to the extent it is vested.
b. The vested portion of the Option may be exercised, in whole or in part, at the times and in the manner set forth in the Plan; provided, however, that such vested portion shall not be exercised:
(1) before the first (1st) anniversary of the Option’s date of grant,
(2) at any one time for fewer than 100 shares, or such number of shares as to which such Option is then exercisable, if such number of shares is less than 100, and
(3) on or after the tenth (10th) anniversary of the Option’s date of grant.
Exercisability of Options. Subject to such further limitations as are provided herein, the Option shall become exercisable in five (5) installments, the Participant having the right hereunder to purchase from the Company the following number of Option Shares upon exercise of the Option, on and after the following dates, in cumulative fashion:
(a) on and after the first anniversary of the Date of Grant, up to one-fifth (ignoring fractional shares) of thx xxtal number of Option Shares;
(b) on and after the second anniversary of the Date of Grant, up to an additional one-fifth (ignoring fractional xxxres) of the total number of Option Shares;
(c) on and after the third anniversary of the Date of Grant, up to an additional one-fifth (ignoring fractional xxxres) of the total number of Option Shares;
(d) on and after the fourth anniversary of the Date of Grant, up to an additional one-fifth (ignoring fractional xxxres) of the total number of Option Shares; and
(e) on and after the fifth anniversary of the Date of Grant, the remaining Option Shares. Tab 4
Exercisability of Options. The Options shall vest as follows:
(i) one hundred eleven thousand one hundred twelve (111,112) Options shall vest on the Grant Date,
(ii) one hundred eleven thousand one hundred eleven (111,111) Options shall vest on the first anniversary of the Grant Date, and
(iii) one hundred eleven thousand one hundred eleven (111,111) Options shall vest on the second anniversary of the Grant Date; provided, however, that no Options shall vest after any (i) termination of Employee's employment pursuant to Section 4(c) or Section 4(g) of the New Employment Agreement or (ii) occurrence of any Breach Event which (if capable of cure) has not (together with all effects thereof) been fully cured by Employee within the Breach Cure Period; provided, further, that no Options shall vest during any Breach Cure Period (but if all Breach Events are cured during the corresponding Breach Cure Periods, any unvested Options scheduled to vest during such Breach Cure Periods shall be deemed to have vested as of the scheduled vesting date); provided, further, no Options shall vest during any For Cause Determination Period (but, in the event that the Company Board determines no termination for Cause has occurred or Employee is successful in challenging any purported termination under Section 4(c) of the New Employment Agreement, any Options scheduled to vest during such For Cause Determination Period shall be deemed to have vested as of the scheduled vesting date); and provided, further, and subject to the foregoing paragraphs, that if Employee's employment under the New Employment Agreement terminates as provided in Sections 4(a), 4(b), 4(d) or 4(f) of the New Employment Agreement, the Options shall be vested at such termination provided Employee (or, if deceased, her estate's legal representative) signs a general release of claims in a form provided by the Company which shall be substantially similar to Exhibit F of the New Employment Agreement. Subject to the execution of the aforementioned release, in the event of termination due to Section 4(b) of the New Employment Agreement, Employee's estate or Beneficiaries, as the case may be, shall be entitled to exercise all Options held by Employee at the time of her death for the balance of their term. To the extent Employee does not purchase all or any part of the Common Shares under the Options exercisable and to which Employee is entitled, Employee has the right cumulatively thereafter to purchase any Common Shares not so purchased and su...
