Common use of Exercisability Clause in Contracts

Exercisability. The aggregate Fair Market Value (determined on the Grant Date(s)) of the Shares with respect to which Incentive Stock Options are exercisable for the first time by any Employee during any calendar year (under all plans of the Company and its Subsidiaries) shall not exceed $100,000.

Appears in 37 contracts

Samples: Restricted Stock Unit Agreement (Varex Imaging Corp), Restricted Stock Unit Agreement (Varex Imaging Corp), Varex Imaging Corp

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Exercisability. The aggregate Fair Market Value (determined on at the Grant Date(s)time the Option is granted) of the Shares with respect to which Incentive Stock Options are exercisable for the first time by any Employee during any calendar year (under all plans of the Company and its Subsidiaries) shall not exceed $100,000.

Appears in 5 contracts

Samples: Award Agreement (Central Garden & Pet Co), Central Garden & Pet Co, Central Garden & Pet Co

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Exercisability. The To the extent the aggregate Fair Market Value (determined on the Grant Date(s)) of the Shares with respect to which Incentive Stock Options are exercisable for the first time by any Employee during any calendar year (under all plans of the Company and its Subsidiaries) shall not exceed exceeds $100,000, such portion in excess of $100,000 shall be treated as a Nonqualified Stock Option (with Incentive Stock Options being considered in the order in which they are granted).

Appears in 1 contract

Samples: Award Agreement (Sumtotal Systems Inc)

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