Common use of Exercisability Clause in Contracts

Exercisability. This option shall become exercisable in one or more installments as specified in the Grant Notice. As the option becomes exercisable for such installments, those installments shall accumulate, and the option shall remain exercisable for the accumulated installments until the Expiration Date or sooner termination of the option term.

Appears in 13 contracts

Samples: Stock Option Agreement (Corvel Corp), Stock Option Agreement (Corvel Corp), Stock Option Agreement (Corvel Corp)

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Exercisability. This option shall become exercisable for the Option Shares in one or more installments as specified in the Grant Notice. As the option becomes exercisable for such installments, those installments shall accumulate, and the option shall remain exercisable for the accumulated installments until the Expiration Date or sooner termination of the option termterm under Paragraph 5 or 6.

Appears in 3 contracts

Samples: Stock Option Agreement (Masergy Communications Inc), Equity Option Agreement (Cisco Systems Inc), Share Option Agreement (Uproar Inc)

Exercisability. This option shall become exercisable for the Option Shares in one or more installments as specified in the Grant Notice. As the option becomes exercisable for such installments, those installments shall accumulate, accumulate and the option shall remain exercisable for the accumulated installments until the Expiration Date or sooner termination of the option termterm under Paragraph 5, 7 or 8.

Appears in 2 contracts

Samples: Automatic Stock Option Agreement (Gasonics International Corp), Automatic Stock Option Agreement (Gasonics International Corp)

Exercisability. This option shall become exercisable for the Option -------------- Shares in one or more installments as accordance with the exercise schedule specified in the Grant Notice. As the option becomes exercisable for such one or more installments, those installments shall accumulate, and the option shall remain exercisable for the accumulated installments until the Expiration Date or sooner termination of the option termterm under Paragraph 5, 6 or 19. In no event shall this option become exercisable for any additional Option Shares following Optionee's cessation of Service.

Appears in 2 contracts

Samples: Stock Option Agreement (Microelectronic Packaging Inc /Ca/), Stock Option Agreement (Meltronix Inc)

Exercisability. This option Options shall become exercisable in one or more installments as specified in the Grant Notice. As the option Such installments shall accumulate and each such installment which becomes exercisable for such installments, those installments shall accumulate, and the option shall remain exercisable for the accumulated installments until the Expiration Date or sooner termination of the option termit becomes unexercisable under Section 1.5.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Commvault Systems Inc)

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Exercisability. This option shall become exercisable in one or more installments and in accordance with the conditions as specified in the Grant Noticeon Schedule A attached hereto. As the option becomes exercisable for such installments, those installments shall accumulate, and the option shall remain exercisable for the accumulated installments until the Expiration Date or sooner termination of the option term.

Appears in 1 contract

Samples: Stock Option Agreement (Corvel Corp)

Exercisability. This option shall become exercisable for the Option Shares in one or more installments as specified in the Exercise Schedule set forth in the Grant Notice. As the option becomes exercisable for such installments, those installments shall accumulate, accumulate and the option shall remain exercisable for the accumulated installments until the Expiration Date or the sooner termination of the option termterm under Paragraph 5, 6 or 7.

Appears in 1 contract

Samples: Automatic Stock Option Agreement (Western Staff Services Inc)

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