Common use of Exercise Period of Option Clause in Contracts

Exercise Period of Option. Provided Participant continues to ------------------------- provide services to the Company or any Subsidiary or Parent of the Company, the Option will become vested and exercisable as to portions of the Shares as follows: (i) this Option shall not vest nor be exercisable with respect to any of the Shares until 6 months after the Vesting Base Date ("First Vesting Date"); (ii) on the First Vesting Date the Option will become vested and exercisable as to twelve and one half percent (12.5%) of the Shares; and (iii) thereafter at the end of each full succeeding month the Option will become vested and exercisable as to 2.0833% percent of the Shares until the Shares are vested with respect to one hundred percent (100%) of the Shares. If application of the vesting percentage causes a fractional share, such share shall be rounded down to the nearest whole share for each month except for the last month in such vesting period, at the end of which last month this Option shall become exercisable for the full remainder of the Shares.

Appears in 4 contracts

Samples: Stock Option Agreement (Tibco Software Inc), Stock Option Agreement (Tibco Software Inc), Stock Option Agreement (Tibco Software Inc)

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Exercise Period of Option. Provided Participant continues to ------------------------- provide services to the Company or any Subsidiary or Parent of the Company, the Option will become vested and exercisable as to portions of the Shares as follows: (i) this Option shall not vest nor be exercisable with respect to any of the Shares until 6 months after the Vesting Base Date ("First Vesting DateDate set forth on the first page of this Agreement (the "FIRST VESTING DATE"); (ii) on the First Vesting Date the Option will become vested and exercisable as to twelve and one one-half percent (12.512.5 %) of the Shares; and (iii) thereafter at the end of each full succeeding month after the First Vesting Date, the Option will become vested and exercisable as to 2.0833an additional 2.08333% percent of the Shares until the Shares are vested with respect to one hundred percent (100%) of the Shares. If application of the vesting percentage causes a fractional share, such share shall be rounded down to the nearest whole share for each month except for the last month in such vesting period, at the end of which last month this Option shall become exercisable for the full remainder of the Shares.

Appears in 2 contracts

Samples: Stock Option Exercise Agreement (HNC Software Inc/De), Stock Option Exercise Agreement (HNC Software Inc/De)

Exercise Period of Option. Provided Participant continues to provide ------------------------- provide services to the Company or any Subsidiary or Parent of the Company, the Option will become vested and exercisable as to portions of the Shares as follows: (i) this Option shall not vest nor be exercisable with respect to any of the Shares until 6 months after the Vesting Base Date ("First Vesting Date"); (ii) on the First Vesting Date the Option will become vested and exercisable as to twelve and one half percent (12.5%) of the Shares; and (iii) thereafter at the end of each full succeeding month the Option will become vested and exercisable as to 2.0833% percent of the Shares until the Shares are vested with respect to one hundred percent (100%) of the Shares. If application of the vesting percentage causes a fractional share, such share shall be rounded down to the nearest whole share for each month except for the last month in such vesting period, at the end of which last month this Option shall become exercisable for the full remainder of the Shares.

Appears in 2 contracts

Samples: Stock Option Agreement (Tibco Software Inc), Stock Option Agreement (Tibco Software Inc)

Exercise Period of Option. Provided Participant continues to ------------------------- provide services to the Company Interland or any Subsidiary or Parent of the Companya Subsidiary, the Option will become vested and exercisable as to portions of the Shares as follows: (i) this Option shall not vest nor be exercisable with respect to any of the Shares until 6 months after the Vesting Base Date ("First Vesting DateDate set forth on the first page of this Agreement (the "FIRST VESTING DATE"); (ii) on the First Vesting Date the Option will become vested and exercisable as to twelve and one half twenty-five percent (12.525%) of the Shares; and (iii) thereafter at the end of each full succeeding month the Option will become vested and exercisable as to 2.08332.08333% percent of the Shares until the Shares are vested with respect to one hundred percent (100%) of the Shares. If application of the vesting percentage causes a fractional share, such share shall be rounded down to the nearest whole share for each month except for the last month in such vesting period, at the end of which last month this Option shall become exercisable for the full remainder of the Shares.

Appears in 2 contracts

Samples: Stock Option Agreement (Interland Inc /Mn/), Interland Inc /Mn/

Exercise Period of Option. Provided Participant ------------------------- continues to ------------------------- provide services to the Company or any Subsidiary or Parent of the Company, the Option will become vested and exercisable as to portions of the Shares as follows: (i) this Option shall not vest nor be exercisable with respect to any of the Shares until 6 months after the Vesting Base Date ("First Vesting Date"); (ii) on the First Vesting Date the Option will become vested and exercisable as to twelve and one half percent (12.5%) of the Shares; and (iii) thereafter at the end of each full succeeding month the Option will become vested and exercisable as to 2.0833% percent of the Shares until the Shares are vested with respect to one hundred percent (100%) of the Shares. If application of the vesting percentage causes a fractional share, such share shall be rounded down to the nearest whole share for each month except for the last month in such vesting period, at the end of which last month this Option shall become exercisable for the full remainder of the Shares.

Appears in 2 contracts

Samples: Stock Option Agreement (Tibco Software Inc), Stock Option Exercise Agreement (Tibco Software Inc)

Exercise Period of Option. Provided Participant continues to ------------------------- provide services to the Company or any Subsidiary or Parent of the Company, the Option will become vested and exercisable as to portions of the Shares as follows: (i) this Option shall not vest nor be exercisable with respect to any of the Shares until 6 months after the Vesting Base Date ("First Vesting DateDate set forth on the first page of this Agreement (the "FIRST VESTING DATE"); (ii) on the First Vesting Date the Option will become vested and exercisable as to twelve and one half percent (12.5%) one-fourth of the Shares; and (iii) thereafter at the end of each full succeeding month the Option will become vested and exercisable as to 2.0833% percent of the Shares until the Shares are vested with respect to one hundred percent (100%) of the Shares. If application of the vesting percentage causes a fractional share, such share shall be rounded down to the nearest whole share for each month except for the last month in such vesting period, at the end of which last month this Option shall become exercisable for the full remainder of the Shares.

Appears in 1 contract

Samples: Non Plan Stock Option Agreement (Transmeta Corp)

Exercise Period of Option. This Option is immediately ---------------------------- exercisable. Provided Participant continues to ------------------------- provide services to the Company or any Subsidiary or Parent of the Company, the Option will become vested and exercisable as to portions of the Shares as follows: (i) this Option shall not vest nor be exercisable with respect to any of the Shares until 6 months after the first anniversary of the Vesting Base Start Date (the "First Vesting Date"); (ii) on the First Vesting Date the Option will become vested and exercisable as to twelve and one half twenty-five percent (12.525%) of the Shares; and (iii) thereafter at the end of each full succeeding month the Option will become vested and exercisable as to 1/48th (2.0833% percent %) of the Shares until the Shares are vested with respect to one hundred percent (100%) of the Shares. If application of the vesting percentage causes a fractional share, such share shall be rounded down to the nearest whole share for each month except for the last month in such vesting period, at the end of which last month this Option shall become exercisable vested for the full remainder of the Shares.

Appears in 1 contract

Samples: Davis Stock Option Plan and Agreement (Oni Systems Corp)

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Exercise Period of Option. Provided Participant continues to ------------------------- provide services to the Company or any Subsidiary or Parent of the Company, the Option will become vested and exercisable as to portions of the Shares as follows: (i) this Option shall not vest nor be exercisable with respect to any of the Shares until 6 months after the First Vesting Base Date set forth on the first page of this Agreement ("the “First Vesting Date"); (ii) on the First Vesting Date the Option will become vested and exercisable as to twelve and one half percent (12.5%) 1/4th of the Shares; and (iii) thereafter at the end of each full succeeding calendar month the Option will become vested and exercisable as to 2.0833% percent 1/48th of the Shares until the Shares are vested with respect to one hundred percent (100%) all of the Shares. If application of the vesting percentage causes a fractional share, such share shall be rounded down to the nearest whole share for each month except for the last month in such vesting period, at the end of which last month this Option shall become exercisable for the full remainder of the Shares.

Appears in 1 contract

Samples: Stock Option Agreement (Yahoo Inc)

Exercise Period of Option. Provided Participant continues to ------------------------- provide services to the Company or any Subsidiary or Parent of the Company, the Option will become vested and exercisable as to portions of the Shares as follows: (i) this Option shall not vest nor be exercisable with respect to any of the Shares until 6 months after the First Vesting Base Date set forth on the first page of this Agreement ("the “First Vesting Date"); (ii) on the First Vesting Date the Option will become vested and exercisable as to twelve and one half twenty-five percent (12.525%) of the Shares; and (iii) thereafter at the end of each full succeeding month the Option will become vested and exercisable as to 2.0833% percent 1/48th of the Shares until the Shares are vested with respect to one hundred percent (100%) of the Shares. If application of the vesting percentage causes a fractional share, such share shall be rounded down to the nearest whole share for each month except for the last month in such vesting period, at the end of which last month this Option shall become exercisable for the full remainder of the Shares.

Appears in 1 contract

Samples: Stock Option Agreement (Cisco Systems Inc)

Exercise Period of Option. This Option is immediately ------------------------- exercisable. Provided Participant continues to ------------------------- provide services to the Company or any Subsidiary or Parent of the Company, the Option will become vested and exercisable as to portions of the Shares as follows: (i) this Option shall not vest nor be exercisable with respect to any of the Shares until 6 months after the first anniversary of the Vesting Base Start Date (the "First Vesting Date"); (ii) on the First Vesting Date the Option will become vested and exercisable as to twelve and one half twenty-five percent (12.525%) of the Shares; and (iii) thereafter at the end of each full succeeding month the Option will become vested and exercisable as to 1/48th (2.0833% percent %) of the Shares until the Shares are vested with respect to one hundred percent (100%) of the Shares. If application of the vesting percentage causes a fractional share, such share shall be rounded down to the nearest whole share for each month except for the last month in such vesting period, at the end of which last month this Option shall become exercisable vested for the full remainder of the Shares.

Appears in 1 contract

Samples: Davis Stock Option Plan and Agreement (Oni Systems Corp)

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