Exercise and Vesting. Vested Options shall be exercisable for a 10 year period from the date of grant. Options shall become vested four years from the date of grant except to the extent vesting is accelerated by the Committee. If Employee is terminated prior to the date he becomes vested as a result of Termination For Cause or Resignation, Employee will forfeit all options not yet vested. If Employee is terminated due to death, Disability or Retirement, Employee shall become fully vested in all options not yet vested. If Employee is terminated for other reasons, the committee shall determine if options are forfeited. All Vested Options must be exercised within 90 days of Employee’s termination of employment.
Exercise and Vesting. (a) For purposes of this Option Agreement, the Option Shares shall be deemed “Nonvested Shares” unless and until they have become “Vested Shares.” Except as otherwise provided in Section 3, the Option Shares shall become “Vested Shares” as follows: (i) one-quarter (1/4) of the Option Shares (i.e. 312,500 Option Shares) shall vest immediately on the Grant Date and (ii) thereafter, beginning on the last day of the month following the month in which the first annual anniversary of the Grant Date occurs, 26,042 Option Shares shall vest monthly on the last day of each month, provided that 26,030 Option Shares shall vest on the last day of the 48th month following the Grant Date, so that all of the Option Shares shall be vested four years after the Grant Date, provided, however, that vesting shall cease upon your ceasing to be an employee of the Company or a Related Entity as expressly provided in Section 3 hereof.
Exercise and Vesting. Except as specifically provided in this Agreement and subject to certain restrictions and conditions set forth in the Plan, the Optioned Shares shall become vested and exercisable in accordance with Schedule A, which is attached and made a part of the Agreement.
Exercise and Vesting. Subject to adjustment as hereinafter provided, the rights represented by this Warrant are exercisable on and after the date hereof (the "Exercise Date") until the Expiration Date, at a price per share (the "Exercise Price") of the Common Stock issuable hereunder (hereinafter, "Warrant Shares") equal to $35.19. The Exercise Price shall be payable in cash or by certified or official bank check in immediately available funds as hereinafter provided or in accordance with Section 1.2 below. This Warrant is fully vested. Upon surrender of this Warrant with a duly executed Notice of Exercise in the form of Annex A hereto, together with payment, if applicable, of the Exercise Price for the Warrant Shares purchased, at the Company's principal executive offices presently located at 1515 Route 10, Parsippany, NJ 07050, xx xx xxxx xxxxx xxxxxxx xx xxx Xompany shall have advised the holder in writing (the "Designated Office"), the holder shall be entitled to receive a certificate or certificates for the Warrant Shares so purchased. The Company agrees that the Warrant Shares shall be deemed to have been issued to the holder as of the close of business on the date on which this Warrant shall have been surrendered together with the Notice of Exercise and payment, if applicable, for such Warrant Shares.
Exercise and Vesting. Subject to adjustment as hereinafter -------------------- provided, the rights represented by this Warrant are exercisable at a price per share (thc "Exercise Price") of Preferred Stock issuable hereunder (hereinafter, "Warrant Shares") equal to the lower of (i) $2.50 and (ii) the per share sales price of Series G Preferred Stock sold by the Company in the Series G Offering if the Company raises a minimum of $1,000,000 in the Series G Offering on or prior to the Designation Date. In the event the Company does not raise a minimum of $1,000,000 in the Series G Offering on or prior to the Designation Date, the Exercise Price shall be $2.50, The Exercise Price shall be payable in cash or by certified or official bank check as hereinafter provided or in accordance with Section 1.2 below. Rights to purchase the Warrant Shares hereunder shall vest and become exercisable on the following dates (each a "Vesting Date"): (i) rights to acquire 30% of the Warrant Shares shall vest and become exercisable on the date of the public announcement by the Company and Microsoft of the Licensing and Cooperative Marketing Agreement and the relationship created thereby if such announcement is made on or prior to October 31, 1997, (ii) rights to acquire 40% of the Warrant Shares shall vest and become exercisable upon the signing of a letter of intent or a definitive agreement with any of the companies listed on Exhibit G to the Licensing and Cooperative Marketing Agreement if such signing occurs on or prior to December 31, 1997, and (iii) rights to acquire 30% of the Warrant Shares shall vest and become exercisable upon initiation of the Home Run showcase detailed in the Marketing Agreement (as defined in the Licensing and Cooperative Marketing Agreement) if begun by December 31, 1997. Upon the request of the holder, the Company agrees to furnish following each Vesting Date a certificate signed by the Chief Financial Officer of the Company which certifies the number of vested Warrant Shares and Exercise Price hereunder. Notwithstanding the foregoing, no Warrant Shares shall vest following such time as the Licensing and Cooperative Marketing Agreement is terminated by the Company in accordance with Section 12(c) thereof. Upon surrender of this Warrant with a duly executed Notice of Exercise in the form of Annex A hereto, together with payment, if applicable, of the. ------- Exercise Price for the Warrant Shares purchased, at the address specified in Section 9 below or at such other...
Exercise and Vesting. This Option may be exercised only to the -------------------- extent that such Option is vested in accordance with the following table: May Be Purchased ---------------- Number of Shares Not Before Not After ---------------- ---------- --------- 500,000 December 1, 2000 December 5, 2000 ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ Subject to the preceding vesting schedule, this Option may be exercised in whole or in part. Except as set forth in Sections 4 or 5 hereof, (i) the Optionee may not exercise this Option unless at the time of exercise he has been in the employ of the Company and/or a Subsidiary of the Company continuously since the date of the grant of this Option, and (ii) the unvested portion of this Option shall terminate and be forfeited immediately on the date the Optionee ceases to be a full-time employee of the Company. This Option shall be exercisable during the lifetime of the Optionee only by him or his guardian or legal representative. Neither the Optionee nor any person exercising this Option pursuant to Section 6 hereof may exercise this Option for a fraction of a share.
Exercise and Vesting. 3.1 Such options shall be fully vested and exercisable in full upon the grant hereof.
Exercise and Vesting. Stock Appreciation Unit Awards may be exercised by the Participant only at such time or times, and only upon such terms and conditions, as shall be set forth in the Agreement relating to such Stock Appreciation Unit Award. A Phantom Stock Unit Award will vest on the date or dates as are set forth in the Agreement respecting such Phantom Stock Unit Award.
Exercise and Vesting. This Option may be exercised only to the extent that such Option is vested in accordance with the following table: May Be Purchased ---------------- Number of Shares Not Before Not After ---------------- ---------- --------- #### _____1, 200_ _____1, 2013 #### _____1, 200_ _____1, 2013 #### _____1, 200_ _____1, 2013 #### _____1, 200_ _____1, 2013 Subject to the preceding vesting schedule, this Option may be exercised in whole or in part. Except as set forth in Paragraphs 5, 6 and 7 hereof, (i) the Optionee may not exercise this Option unless at the time of exercise he is in the employ of the Company and/or an Affiliate of the Company on the date of exercise, and (ii) the unvested portion of this Option shall terminate and be forfeited immediately on the date the Optionee ceases to be a full-time employee of the Company. This Option shall be exercisable during the lifetime of the Optionee only by him or his guardian or legal representative. Neither the Optionee nor any person exercising this Option pursuant to Paragraph 6 hereof may exercise this Option for a fraction of a share.
Exercise and Vesting. This Option shall be fully vested on the -------------------- Date of Grant and may be exercised only during the period between October 19, 2000 and October 19, 2010. This Option may be exercised in whole or in part. Except as set forth in Section 4 hereof, the Optionee may not exercise this Option unless at the time of exercise he has provided services to the Company and/or a Subsidiary of the Company continuously since the Date of Grant, and this Option shall terminate and be forfeited thirty (30) days following the date the Optionee ceases to provide services to the Company. This Option shall be exercisable during the lifetime of the Optionee only by him or his guardian or legal representative. Neither the Optionee nor any person exercising this Option pursuant to Section 4 hereof may exercise this Option for a fraction of a share.
