Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator to accelerate the exercisability schedule hereunder, this Stock Option shall become exercisable with respect to the following number of Option Shares on the dates indicated, so long as the Optionee remains in employment with the Company or a Subsidiary on the Exercisability Date specified below: _____________ _____________ (25%) _____________ (25%) _____________ _____________ (25%) _____________ (50%) _____________ _____________ (25%) _____________ (75%) _____________ _____________ (25%) _____________ (100%) Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions of this Agreement and the Plan.
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (Alere Inc.), Non Qualified Stock Option Agreement (Alere Inc.)
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator Committee (as described in Section 2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall become be exercisable with respect to the following number of Option Shares on the dates indicated, so long as the Optionee remains in employment with the Company or a Subsidiary on the Exercisability Date specified below: _____________ (_____________ (25%) _____________ (25%) _____________ _____________ (25%) _____________ (50%) _____________ _____________ (25%) _____________ (75%) _____________ _____________ (25___%) _____________ (100%) Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of this Agreement and the Plan.
Appears in 2 contracts
Samples: Non Qualified Stock Option Agreement (Ansys Inc), Non Qualified Stock Option Agreement (Ansys Inc)
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as defined in Section 2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall become be exercisable with respect to the following number of Option Shares on the dates indicated, indicated so long as the Optionee remains in employment with an employee of the Company or a Subsidiary on the such dates: Incremental Number of Option Shares Exercisable Exercisability Date specified below: _____________ _____________ (25%) _____________ (25%) _____________ _____________ (25%) _____________ (50%) _____________ _____________ (25%) _____________ (75%) _____________ _____________ (25___%) _____________ (100%) Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of this Agreement and the Plan.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Disc Medicine, Inc.)
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as defined in Section 2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall become be exercisable with respect to the following number of Option Shares on the dates indicated, so long as the Optionee remains in employment with the Company or a Subsidiary on the : Incremental Number of Option Shares Exercisable Exercisability Date specified below: _____________ _____________ ------------- (25%---%) _____________ ------------ ------------- (25%---%) _____________ _____________ ------------ ------------- (25%---%) _____________ ------------ ------------- (50%---%) _____________ _____________ ------------ ------------- (25%---%) _____________ (75%) _____________ _____________ (25%) _____________ (100%) ------------ Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of this Agreement and the Plan.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Insulet Corp)
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as defined in Section 2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall become be exercisable with respect to the following number of Option Shares on the dates indicated, so long as the Optionee remains in employment with the Company or a Subsidiary on the Exercisability Date specified below: _________________ ( ) _________________ _________________ (25%( ) _____________ (25%) _____________ _________________ (25%( ) _____________ (50%) _____________ _________________ (25%( ) _____________ (75%) _____________ _________________ (25%( ) _________________ (100%) Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of this Agreement and the Plan.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Camden National Corp)
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as defined in Section 2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall become be exercisable with respect to the following number of Option Shares on the dates indicated, indicated so long as the Optionee remains continues to have a Service Relationship (as defined in employment with the Company or a Subsidiary Plan) on the such dates: Incremental Number of Option Shares Exercisable Exercisability Date specified below: _____________ _____________ (25%) _____________ (25%) _____________ _____________ (25%) _____________ (50%) _____________ _____________ (25%) _____________ (75%) _____________ _____________ (25___%) _____________ _____________ (100___%) _____________ Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of this Agreement and the Plan.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Praxis Precision Medicines, Inc.)
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as defined in Section 2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall become be exercisable with respect to the following number of Option Shares on the dates indicated, so long as the Optionee remains in employment with the Company or a Subsidiary on the Exercisability Date specified below: __________ (20%) __________ _____________ (2520%) _____________ (25%) _____________ _____________ (2520%) _____________ (50%) _____________ _____________ (2520%) _____________ (75%) _____________ _____________ (2520%) _____________ (100%) * Max. of $100,000 per yr. Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of this Agreement and the Plan.
Appears in 1 contract
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator Committee to accelerate the exercisability schedule hereunder, this Stock Option shall become be exercisable with respect to the following number of Option Shares on the dates indicated, so long as the Optionee remains in employment with the Company or a Subsidiary on the Exercisability Date specified below: _____________ _____________ INCREMENTAL NUMBER OF OPTION SHARES EXERCISABLE* EXERCISABILITY DATE ------------------------- ------------------- ------------- (25%---%) _____________ ------------ ------------- (25%---%) _____________ _____________ ------------ ------------- (25%---%) _____________ ------------ ------------- (50%---%) _____________ _____________ ------------ ------------- (25%---%) _____________ (75%) _____________ _____________ (25%) _____________ (100%) ------------ * Max. of $100,000 per yr. Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of this Agreement and the Plan.
Appears in 1 contract
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as defined in Section 2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall become be exercisable with respect to the following number of Option Shares on the dates indicated, so long as the Optionee remains in employment with the Company or a Subsidiary on the Exercisability Date specified below: _____________ _____________ (25%) _____________ (25%) _____________ _____________ (25%) _____________ (50%) _____________ _____________ (25%) _____________ (75%) _____________ _____________ (25%__) _____________ ____________ (100%__) _____________ Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of this Agreement and the Plan.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Camden National Corp)
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as defined in Section 2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall become be exercisable with respect to the following number of Option Shares on the dates indicated, so long as the Optionee remains in employment with the Company or a Subsidiary on the Exercisability Date specified below: _____________ (_____________ (25%) _____________ (25%) _____________ _____________ (25%) _____________ (50%) _____________ _____________ (25%) _____________ (75%) _____________ _____________ (25___%) _____________ _____________ (100___%) _____________ Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of this Agreement and the Plan.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Elixir Pharmaceuticals, Inc.)
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator Committee (as defined in Section 2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall become be exercisable with respect to the following number of Option Shares on the dates indicated, so long as the Optionee remains in employment with the Company or a Subsidiary on the : Incremental Number of Option Shares Exercisable Exercisability Date specified below: _____________ (___%) ____________ _____________ (25%) _____________ (25%) _____________ _____________ (25%) _____________ (50%) _____________ _____________ (25%) _____________ (75%) _____________ _____________ (25___%) _____________ (100%) Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of this Agreement and the Plan.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Dov Pharmaceutical Inc)
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as defined in Section 2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall become be exercisable with respect to the following number of Option Shares on the dates indicated, so long as the Optionee remains in employment with the Company or a Subsidiary on the Exercisability Date specified below: ___________ (20%) ___________ _____________ (2520%) _____________ (25%) _____________ _____________ (2520%) _____________ (50%) _____________ _____________ (2520%) _____________ (75%) _____________ _____________ (2520%) _____________ (100%) Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of this Agreement and the Plan.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Massbank Corp)
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator Committee (as described in Section 2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall become be exercisable with respect to the following number of Option Shares on the dates indicated, so long as the Optionee remains in employment with an employee of the Company or a Subsidiary on the Exercisability Date specified belowsuch dates: ______________ ( %) ______________ ______________ (25( %) _____________ (25%) _____________ ______________ (25( %) _____________ (50%) _____________ ______________ (25( %) _____________ (75%) _____________ _____________ (25%) _____________ (100%) Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of this Agreement and the Plan.
Appears in 1 contract
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as defined in Section 2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall become be exercisable with respect to the following number of Option Shares on the dates indicated, indicated so long as the Optionee remains in employment a Service Relationship with the Company or a Subsidiary on the such dates: Incremental Number of Option Shares Exercisable Exercisability Date specified below: _____________ _____________ (25___%) _____________ (25%) _____________ _____________ (25%) _____________ (50%) _____________ _____________ (25%) _____________ (75%) _____________ _____________ (25%) _____________ (100___%) Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of this Agreement and the Plan.
Appears in 1 contract
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator to accelerate the exercisability schedule hereunder, this Stock Option shall become exercisable with respect to the following number of Option Shares on the dates indicated, so long as the Optionee remains in employment with the Company or a Subsidiary on the Exercisability Date specified below: _____________ _____________ (2525 %) _____________ (2525 %) _____________ _____________ (2525 %) _____________ (5050 %) _____________ _____________ (2525 %) _____________ (7575 %) _____________ _____________ (2525 %) _____________ (100100 %) Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions of this Agreement and the Plan.
Appears in 1 contract
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as defined in Section 2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall become be exercisable with respect to the following number of Option Shares on the dates indicated, so long as the Optionee remains in employment with the Company or a Subsidiary on the Exercisability Date specified below: _____________ (_____________ (25%) _____________ (25%) _____________ _____________ (25%) _____________ (50%) _____________ _____________ (25%) _____________ (75%) _____________ _____________ (25___%) _____________ _____________ (100___%) _____________ * Max. of $100,000 per yr. Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of this Agreement and the Plan.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Elixir Pharmaceuticals, Inc.)
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as defined in the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall become be exercisable with respect to the following number of Option Shares on the dates indicated, so long as the Optionee remains in employment with the Company or a Subsidiary on the Exercisability Date specified below: __________________ (___%) __________________ __________________ (25___%) _____________ (25%) _____________ __________________ (25___%) _____________ (50%) _____________ __________________ (25___%) _____________ (75%) _____________ __________________ (25___%) __________________ (100%) Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of this Agreement and the Plan.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Animal Health International, Inc.)
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as defined in Section 2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall become be exercisable with respect to the following number of Option Shares on the dates indicated, so long as the Optionee remains in employment with the Company or a Subsidiary on the Exercisability Date specified below: _____________ _____________ (25( %) ________________ (25( %) _____________ _____________ (25( %) ________________ (50( %) _____________ _____________ (25( %) _____________ (75%) _____________ _____________ (25%) _____________ (100%) In the event of the termination of the Optionee’s service as a director of the Company because of death, this Stock Option shall become immediately exercisable in full, whether or not exercisable at such time. Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of this Agreement and the Plan.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Salary. Com, Inc.)
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator Committee (as described in Section 2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall become be exercisable with respect to the following number of Option Shares on the dates indicated, so long as the Optionee remains in employment with an employee of the Company or a Subsidiary on the Exercisability Date specified belowsuch dates: ____________ ( %) ____________ _____________ (25( %) _____________ (25%) _____________ _____________ (25( %) _____________ (50%) _____________ _____________ (25( %) _____________ (75%) _____________ _____________ (25%) _____________ (100%) * Max. of $100,000 per yr. Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of this Agreement and the Plan.
Appears in 1 contract
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as defined in Section 2 of the Plan) to accelerate the vesting or exercisability schedule hereunder, this Stock Option shall become be exercisable with respect to the following number of Option Shares on the dates indicated, indicated so long as the Optionee remains continues to have a Service Relationship (as defined in employment with the Company or a Subsidiary Plan) on the such dates: Incremental Number of Option Shares Exercisable* Exercisability Date specified below: _____________ _____________ (25___%) _____________ (25%) _____________ _____________ (25%) _____________ (50%) _____________ _____________ (25%) _____________ (75%) _____________ _____________ (25%) _____________ (100___%) * Max. of $100,000 per yr. Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of this Agreement and the Plan.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Praxis Precision Medicines, Inc.)
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as defined in Section 2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall become be exercisable with respect to the following number of Option Shares on the dates indicated, so long as the Optionee remains in employment with the Company or a Subsidiary on the Exercisability Date specified below: _____________ _____________ (25( %) _____________ (25( %) _____________ _____________ (25( %) _____________ (50( %) _____________ _____________ (25( %) _____________ (75%) _____________ _____________ (25%) _____________ (100%) In the event of the termination of the Optionee’s service as a director of the Company because of death, this Stock Option shall become immediately exercisable in full, whether or not exercisable at such time. Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of this Agreement and the Plan.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Clearview Hotel Trust, Inc.)
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as defined in the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall become be exercisable with respect to the following number of Option Shares on the dates indicated, so long as the Optionee remains in employment with the Company or a Subsidiary on the Exercisability Date specified below: __________________ (___%) __________________ __________________ (25___%) _____________ (25%) _____________ __________________ (25___%) _____________ (50%) _____________ __________________ (25___%) _____________ (75%) _____________ __________________ (25___%) __________________ (100%) * Max. of $100,000 per yr. Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of this Agreement and the Plan.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Animal Health International, Inc.)
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator Committee (as described in Section 2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall become be exercisable with respect to the following number of Option Shares on the dates indicated, so long as the Optionee remains in employment with an employee of the Company or a Subsidiary on the such dates: Incremental Number of Option Shares Exercisable Exercisability Date specified below: ____________ ( %) ____________ _____________ (25( %) _____________ (25%) _____________ _____________ (25( %) _____________ (50%) _____________ _____________ (25( %) _____________ (75%) _____________ _____________ (25%) _____________ (100%) Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of this Agreement and the Plan.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as defined in Section 2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall become be exercisable with respect to the following number of Option Shares on the dates indicated, indicated so long as the Optionee remains in employment a Service Relationship with the Company or a Subsidiary on the such dates: Incremental Number of Option Shares Exercisable* Exercisability Date specified below: _____________ _____________ (25___%) _____________ (25%) _____________ _____________ (25%) _____________ (50%) _____________ _____________ (25%) _____________ (75%) _____________ _____________ (25%) _____________ (100___%) * Max. of $100,000 per yr. Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of this Agreement and the Plan.
Appears in 1 contract
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator Committee to accelerate the exercisability schedule hereunder, this Stock Option shall become be exercisable with respect to the following number of Option Shares on the dates indicated, indicated so long as the Optionee remains in employment with the Company or a Subsidiary an Non-Employee Director on the Exercisability Date specified belowsuch dates: _____________ (___%) ____________ _____________ (25%) _____________ (25%) _____________ _____________ (25%) _____________ (50%) _____________ _____________ (25%) _____________ (75%) _____________ _____________ (25___%) _____________ (100%) Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of this Agreement and the Plan.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (PDL Community Bancorp)
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as defined in Section 1 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall become be exercisable with respect to the following number of Option Shares on the dates indicated, indicated so long as the Optionee remains in employment with an employee of the Company or a Subsidiary on the such dates: Incremental Number of Option Shares Exercisable* Exercisability Date specified below: _____________ _____________ (25%) _____________ (25%) _____________ _____________ (25%) _____________ (50%) _____________ _____________ (25%) _____________ (75%) _____________ _____________ (25___%) _____________ (100%) * Max. of $100,000 per yr. Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of this Agreement and the Plan.
Appears in 1 contract
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator Committee (as described in Section 2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall become be exercisable with respect to the following number of Option Shares on the dates indicated, so long as the Optionee remains in employment with an employee of the Company or a Subsidiary on the Exercisability Date specified belowsuch dates: ____________ ( %) ____________ _____________ (25( %) _____________ (25%) _____________ _____________ (25( %) _____________ (50%) _____________ _____________ (25( %) _____________ (75%) _____________ _____________ (25%) _____________ (100%) Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of this Agreement and the Plan.
Appears in 1 contract
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator Committee (as described in Section 2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall become be exercisable with respect to the following number of Option Shares on the dates indicated, so long as the Optionee remains in employment with an employee of the Company or a Subsidiary on the such dates: Incremental Number of Option Shares Exercisable* Exercisability Date specified below: ____________ ( %) ____________ _____________ (25( %) _____________ (25%) _____________ _____________ (25( %) _____________ (50%) _____________ _____________ (25( %) _____________ (75%) _____________ _____________ (25%) _____________ (100%) * Max. of $100,000 per yr. Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of this Agreement and the Plan.
Appears in 1 contract
Samples: Incentive Stock Option Agreement
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as defined in Section 2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall become be exercisable with respect to the following number of Option Shares on the dates indicated, so long as the Optionee remains in employment with the Company or a Subsidiary on the Exercisability Date specified below: __________ (20%) __________ _____________ (2520%) _____________ (25%) _____________ _____________ (2520%) _____________ (50%) _____________ _____________ (2520%) _____________ (75%) _____________ _____________ (2520%) _____________ (100%) Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of this Agreement and the Plan.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Massbank Corp)