Common use of Exercisability of Options Clause in Contracts

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. a. The Option may be exercised only to the extent it is vested. b. The vested portion of the No unvested and/or expired Option may be exercised, and b. any unexpired vested Option may be exercised in whole or in part, part at the times and in the manner set forth in the Plan; provided, however, that such an unexpired vested portion shall Option may not be exercised: (1) before the first (1st) anniversary of the Option’s its date of grant, (2) at any one time for as to fewer than 100 shares, or such number of shares as to which such Option is then exercisable, exercisable if such number of shares is less than 100, and, (3) on or after the tenth (10th) anniversary of the Option’s its date of grant.

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 '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 's date of grant.