Exercisability. Except as otherwise set forth in paragraph (j) below, the Option shall become exercisable in three equal annual installments on the first, second and third anniversaries of the Date of Grant, in each case subject to paragraph (j) below. Subject to paragraph (j) below, the Option may be exercised at any time or from time to time during the Option Period in regard to all or any portion of the Option which is then exercisable, as may be adjusted pursuant to paragraph (g) below.
Appears in 13 contracts
Samples: Non Qualified Stock Option Agreement (Arch Capital Group Ltd.), Non Qualified Stock Option Agreement (Arch Capital Group Ltd.), Non Qualified Stock Option Agreement (Arch Capital Group Ltd.)
Exercisability. Except as otherwise set forth in paragraph (j) below, the Option shall become exercisable in three equal annual installments as to one third of the Option Shares on the firstDate of Grant, as to an additional one-third of the Option Shares on the first anniversary of the Date of Grant, and as to the final one-third of the Option Shares on the second and third anniversaries anniversary of the Date of Grant, in each case subject to paragraph (j) below. Subject to paragraph (j) below, the Option may be exercised at any time or from time to time during the Option Period in regard to all or any portion of the Option which is then exercisable, as may be adjusted pursuant to paragraph (g) below.
Appears in 9 contracts
Samples: Non Qualified Stock Option Agreement (Arch Capital Group LTD), Non Qualified Stock Option Agreement (Arch Capital Group LTD), Non Qualified Stock Option Agreement (Arch Capital Group LTD)
Exercisability. Except as otherwise set forth in paragraph (j) below, the The Option shall become exercisable in three equal annual installments commencing on the first, second and third anniversaries of the Date of GrantGrant and thereafter on the first and second anniversary thereof, in each case subject to paragraph (j) below; provided that such Option, to the extent not already exercisable in full, shall become immediately and fully exercisable
(1) to the extent provided in paragraph (j) below and (2) upon a Change in Control. Subject to paragraph (j) below, the Option may be exercised at any time or from time to time during the Option Period in regard to all or any portion of the Option which is then exercisable, as may be adjusted pursuant to paragraph (g) below.
Appears in 1 contract
Samples: Director Option Agreement (Risk Capital Holdings Inc)
Exercisability. Except as otherwise set forth in paragraph (j) below, the Option shall become vested and exercisable in three equal annual installments installments, beginning on the first, Date of Grant and continuing on the first and second and third anniversaries of the Date of Grant, in each case subject to paragraph (j) below. Subject to paragraph (j) below, the Option may be exercised at any time or from time to time during the Option Period in regard to all or any portion of the Option which is then vested and exercisable, as may be adjusted pursuant to paragraph (g) below.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Arch Capital Group LTD)
Exercisability. Except as otherwise set forth in paragraph (j) below, the Option shall become exercisable in three equal annual installments on the first, second and third anniversaries of the Date of Grant, in each case subject to paragraph (j) below. Subject to paragraph (j) below, the Option may be exercised at any time or from time to time during the Option Period in regard to all or any portion of the Option which is then exercisable, as may be adjusted pursuant to paragraph (g) below.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Arch Capital Group Ltd.)
Exercisability. Except as otherwise set forth in paragraph (j) below, the Option shall become exercisable in three two equal annual installments on the first, first and second and third anniversaries of the Date of Grant, in each case subject to paragraph (j) below. Subject to paragraph (j) below, the Option may be exercised at any time or from time to time during the Option Period in regard to all or any portion of the Option which is then exercisable, as may be adjusted pursuant to paragraph (g) below.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Arch Capital Group Ltd.)