Exercise Schedule. Except as otherwise provided in Sections 6 or 10 of this Agreement, or in the Plan, the Option is exercisable in installments as provided below, which shall be cumulative. To the extent that the Option has become exercisable with respect to a percentage of Shares as provided below, the Option may thereafter be exercised by the Optionee, in whole or in part, at any time or from time to time prior to the expiration of the Option as provided herein. The following table indicates each date (the “Vesting Date”) upon which the Optionee shall be entitled to exercise the Option with respect to the percentage of Shares granted as indicated beside the date, provided that the Continuous Service of the Optionee continues through and on the applicable Vesting Date: 20% First anniversary of the Date of Grant 40% Second anniversary of the Date of Grant 60% Third anniversary of the Date of Grant 80% Fourth anniversary of the Date of Grant 100% Fifth anniversary of the Date of Grant Except as otherwise specifically provided herein, there shall be no proportionate or partial vesting in the periods prior to each Vesting Date, and all vesting shall occur only on the appropriate Vesting Date. Upon the termination of the Optionee’s Continuous Service, any unvested portion of the Option shall terminate and be null and void.
Appears in 4 contracts
Samples: Non Qualified Stock Option Agreement (American Defense Systems Inc), Incentive Stock Option Agreement (American Defense Systems Inc), Incentive Stock Option Agreement (American Defense Systems Inc)
Exercise Schedule. Except as otherwise provided in Sections 6 or 10 9 of this Agreement, or in the Plan, the Option is exercisable in installments as provided below, which shall be cumulative. To the extent that the Option has become exercisable with respect to a percentage of Shares as provided below, the Option may thereafter be exercised by the Optionee, in whole or in part, at any time or from time to time prior to the expiration of the Option as provided herein. The following table indicates each date (the “Vesting Date”) upon which the Optionee shall be entitled to exercise the Option with respect to the percentage of Shares granted as indicated beside the date, provided that the Continuous Service of the Optionee continues through and on the applicable Vesting Date: 20% Percentage of Shares Vesting Date [1/3 First anniversary of the Date of Grant 40% Grant] [1/3 Second anniversary of the Date of Grant 60% Grant] [1/3 Third anniversary of the Date of Grant 80% Fourth anniversary of the Date of Grant 100% Fifth anniversary of the Date of Grant Grant] Except as otherwise specifically provided herein, there shall be no proportionate or partial vesting in the periods prior to each Vesting Date, and all vesting shall occur only on the appropriate Vesting Date. Upon the termination of the Optionee’s Continuous Service, any unvested portion of the Option shall terminate and be null and void.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Lifepoint Health, Inc.)
Exercise Schedule. Except as otherwise provided in Sections 6 or 10 9 of this Agreement, or in the Plan, the Option is exercisable in installments as provided below, which shall be cumulative. To the extent that the Option has become exercisable with respect to a percentage of Shares as provided below, the Option may thereafter be exercised by the Optionee, in whole or in part, at any time or from time to time prior to the expiration of the Option as provided herein. The following table indicates each date (the “Vesting Date”) upon which the Optionee shall be entitled to exercise the Option with respect to the percentage of Shares granted as indicated beside the date, provided that the Continuous Service of the Optionee continues through and on the applicable Vesting Date: 20% First anniversary of the Date of Grant 4033 1/3 % Second anniversary 33 1/3 % First Anniversary of the Date of Grant 6033 1/3 % Third anniversary 66 2/3 % Second Anniversary of the Date of Grant 8033 1/3 % Fourth anniversary of the Date of Grant 100100 % Fifth anniversary of the Date of Grant Except as otherwise specifically provided herein, there shall be no proportionate or partial vesting in the periods prior to each Vesting Date, and all vesting shall occur only on the appropriate Vesting Date. Upon the termination of the Optionee’s Continuous ServiceService with the Company and its Related Entities, any unvested portion of the Option shall terminate and be null and void, except as may otherwise be determined by the Committee in writing in its sole discretion.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Casual Male Retail Group Inc)
Exercise Schedule. Except as otherwise provided in Sections 6 or 10 9 of this Agreement, or in the Plan, the Option is exercisable in installments as provided below, which shall be cumulative. To the extent that the Option has become exercisable with respect to a percentage of Shares as provided below, the Option may thereafter be exercised by the Optionee, in whole or in part, at any time or from time to time prior to the expiration of the Option as provided herein. The following table indicates each date (the “Vesting Date”) upon which the Optionee shall be entitled to exercise the Option with respect to the percentage of Shares granted as indicated beside the date, provided that the Continuous Service of the Optionee continues through and on the applicable Vesting Date: 20% First anniversary Anniversary of the Date of Grant 4033 1/3 % 33 1/3 % Second anniversary Anniversary of the Date of Grant 6033 1/3 % 66 2/3 % Third anniversary Anniversary of the Date of Grant 8033 1/3 % Fourth anniversary of the Date of Grant 100100 % Fifth anniversary of the Date of Grant Except as otherwise specifically provided herein, there shall be no proportionate or partial vesting in the periods prior to each Vesting Date, and all vesting shall occur only on the appropriate Vesting Date. Upon the termination of the Optionee’s Continuous ServiceService with the Company and its Related Entities, any unvested portion of the Option shall terminate and be null and void.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Casual Male Retail Group Inc)
Exercise Schedule. Except as otherwise provided in Sections 6 or 10 9 of this Agreement, or in the Plan, the Option is exercisable in installments as provided below, which shall be cumulative. To the extent that the Option has become exercisable with respect to a percentage of Shares as provided below, the Option may thereafter be exercised by the OptioneeHolder, in whole or in part, at any time or from time to time prior to the expiration of the Option as provided herein. The following table indicates each date (the “Vesting Date”) upon which the Optionee Holder shall be entitled to exercise the Option with respect to the percentage of Shares granted as indicated beside the date, provided that the Continuous Service of the Optionee Holder continues through and on the applicable Vesting Date: 20% First anniversary Anniversary of the Date of Grant 4025 % 25 % Second anniversary Anniversary of the Date of Grant 6025 % 50 % Third anniversary Anniversary of the Date of Grant 8025 % 75 % Fourth anniversary Anniversary of the Date of Grant 10025 % Fifth anniversary of the Date of Grant 100 % Except as otherwise specifically provided herein, there shall be no proportionate or partial vesting in the periods prior to each Vesting Date, and all vesting shall occur only on the appropriate Vesting Date. Upon the termination of the OptioneeHolder’s Continuous Serviceemployment with the Company and its Subsidiaries, any unvested portion of the Option shall terminate and be null and void.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Summer Infant, Inc.)
Exercise Schedule. Except as otherwise provided in Sections 6 or 10 9 of this Agreement, or in the Plan, the Option is exercisable in installments as provided below, which shall be cumulative. To the extent that the Option has become exercisable with respect to a percentage of Shares as provided below, the Option may thereafter be exercised by the Optionee, in whole or in part, at any time or from time to time prior to the expiration of the Option as provided herein. The following table indicates each date (the “Vesting Date”) upon which the Optionee shall be entitled to exercise the Option with respect to the percentage of Shares granted as indicated beside the date, provided that the Continuous Service of the Optionee continues through and on the applicable Vesting Date: 20% Percentage of Shares Vesting Date [1/3 First anniversary of the Date of Grant 40% Grant] [1/3 Second anniversary of the Date of Grant 60% Grant] [1/3 Third anniversary of the Date of Grant 80% Fourth anniversary of the Date of Grant 100% Fifth anniversary of the Date of Grant Grant] Except as otherwise specifically provided herein, there shall be no proportionate or partial vesting in the periods prior to each Vesting Date, and all vesting shall occur only on the appropriate Vesting Date. Upon the termination of the Optionee’s Continuous Service, any unvested portion of the Option shall terminate and be null and void.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Lifepoint Hospitals, Inc.)
Exercise Schedule. Except as otherwise provided in Sections 6 or 10 9 of this Agreement, or in the Plan, the Option is exercisable in installments as provided below, which shall be cumulative. To the extent that the Option has become exercisable with respect to a percentage of Shares as provided below, the Option may thereafter be exercised by the Optionee, in whole or in part, at any time or from time to time prior to the expiration of the Option as provided herein. The following table indicates each date (the “Vesting Date”) upon which the Optionee shall be entitled to exercise the Option with respect to the percentage of Shares granted as indicated beside the date, provided that the Continuous Service of the Optionee continues through and on the applicable Vesting Date: 20% First anniversary Anniversary of the Date of Grant 4033 1/3 % 33 1/3 % Second anniversary Anniversary of the Date of Grant 6033 1/3 % 66 2/3 % Third anniversary Anniversary of the Date of Grant 8033 1/3 % Fourth anniversary of the Date of Grant 100100 % Fifth anniversary of the Date of Grant Except as otherwise specifically provided herein, there shall be no proportionate or partial vesting in the periods prior to each Vesting Date, and all vesting shall occur only on the appropriate Vesting Date. Upon the termination of the Optionee’s Continuous ServiceService with the Company and its Related Entities, any unvested portion of the Option shall terminate and be null and void, except as may otherwise be determined by the Committee in writing in its sole discretion.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Casual Male Retail Group Inc)
Exercise Schedule. Except as otherwise provided in Sections 6 or 10 9 of this Agreement, or in the PlanEmployment Agreement, the Option is exercisable in installments as provided below, which shall be cumulative. To the extent that the Option has become exercisable with respect to a percentage number of Shares as provided below, the Option may thereafter be exercised by the Optionee, in whole or in part, at any time or from time to time prior to the expiration of the Option as provided herein. The following table indicates each date (the “Vesting Date”) upon which the Optionee shall be entitled to exercise the Option with respect to the percentage number of Shares granted as indicated beside the date, provided that the Continuous Service of the Optionee continues through and on the applicable Vesting Date: 20% Number of Shares Vesting Date 0 Any date prior to the first anniversary of the Grant Date. 1/3 of the Restricted Stock First anniversary of the Date of Grant 40% Second anniversary of the Date of Grant 60% Third anniversary of the Date of Grant 80% Fourth anniversary of the Date of Grant 100% Fifth anniversary of the Date of Grant Grant. Except as otherwise specifically provided hereinherein or in the Employment Agreement, there shall be no proportionate or partial vesting in the periods prior to each Vesting Date, and all vesting shall occur only on the appropriate Vesting Date. Upon the termination of the Optionee’s Continuous Service, any unvested portion of the Option shall terminate and be null and void.
Appears in 1 contract
Samples: Stand Alone Nonqualified Stock Option Agreement (Surgalign Holdings, Inc.)