Common use of Exercise Schedule Clause in Contracts

Exercise Schedule. Except as otherwise provided in Sections 6 and 7 of this Agreement, the Option will become vested and exercisable in installments as provided below, which shall be cumulative. To the extent that the Option has become vested 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 Option shall vest and become exercisable in eight (8) equal quarterly installments beginning three (3) months after January 25, 2008 and continuing quarterly thereafter (each, a “Vesting Date”), with the last quarterly installment vesting and becoming exercisable on January 25, 2010, provided (except as otherwise set forth below) that the Optionee’s employment or service with the Company and its Subsidiaries during the period beginning on January 25, 2008 (the “Vesting Commencement Date”) continues through and on the applicable Vesting Date. Notwithstanding anything contained herein to the contrary, once the Option has vested and become exercisable with respect to 100% of the Shares, then the Option shall be fully vested and exercisable and the provisions of the preceding sentence shall cease to apply. 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. Except as otherwise set forth below, upon the termination of the Optionee’s employment or service with the Company and its Subsidiaries, any unvested portion of the Option shall terminate and be null and void.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Wellcare Health Plans, Inc.), Non Qualified Stock Option Agreement (Wellcare Health Plans, Inc.)

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Exercise Schedule. Except as otherwise provided in Sections 6 and 7 or 10 of this Agreement, the Option will become vested and is exercisable in installments as provided below, which shall be cumulative. To the extent that the Option has become vested exercisable with respect to a percentage certain 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 Option shall vest and become exercisable in eight following table indicates each date (8) equal quarterly installments beginning three (3) months after January 25, 2008 and continuing quarterly thereafter (each, a “the "Vesting Date”), ") upon which the Optionee shall be entitled to exercise the Option with respect to the last quarterly installment vesting and becoming exercisable on January 25, 2010number of Shares granted as indicated beside the date, provided (except as otherwise set forth below) that the Optionee’s employment or service with the Company and its Subsidiaries during the period beginning on January 25, 2008 (the “Vesting Commencement Date”) continues Optionee has continued as a Service Provider through and on including the applicable Vesting Date. Notwithstanding anything contained herein to the contrary: NUMBER OF SHARES VESTING DATE ---------------- ------------ 145,000 March 31, once the Option has vested and become exercisable with respect to 100% of the Shares2005 145,000 March 31, then the Option shall be fully vested and exercisable and the provisions of the preceding sentence shall cease to apply. 2006 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. Except as otherwise set forth below; provided, upon the however, that vesting shall be subject to acceleration in connection with Optionee's termination of service to the Optionee’s employment or service with extent provided in the Employment Agreement between Optionee and the Company dated as of April 2, 2003 (the "Employment Agreement"), and its Subsidiariespursuant to Section 10 below. Upon an Optionee's termination of Service, any unvested portion of the Option shall terminate and be null and void.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Us Dataworks Inc), Nonstatutory Stock Option Agreement (Us Dataworks Inc)

Exercise Schedule. Except as otherwise provided in Sections 6 and 7 or 10 of this Agreement, the Option will become vested and is exercisable in installments as provided below, which shall be cumulative. To the extent that the Option has become vested exercisable with respect to a percentage certain 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 Option shall vest and become exercisable in eight following table indicates each date (8) equal quarterly installments beginning three (3) months after January 25, 2008 and continuing quarterly thereafter (each, a “the "Vesting Date”), ") upon which the Optionee shall be entitled to exercise the Option with respect to the last quarterly installment vesting and becoming exercisable on January 25, 2010number of Shares granted as indicated beside the date, provided (except as otherwise set forth below) that the Optionee’s employment or service with the Company and its Subsidiaries during the period beginning on January 25, 2008 (the “Vesting Commencement Date”) continues Optionee has continued as a Service Provider through and on including the applicable Vesting Date. Notwithstanding anything contained herein to the contrary: NUMBER OF SHARES VESTING DATE ---------------- ------------ 725,000 March 31, once the Option has vested and become exercisable with respect to 100% of the Shares2005 725,000 March 31, then the Option shall be fully vested and exercisable and the provisions of the preceding sentence shall cease to apply. 2006 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. Except as otherwise set forth below; provided, upon the however, that vesting shall be subject to acceleration in connection with Optionee's termination of service to the Optionee’s employment or service with extent provided in the Employment Agreement between Optionee and the Company dated as of April 2, 2003 (the "Employment Agreement"), and its Subsidiariespursuant to Section 10 below. Upon an Optionee's termination of Service, any unvested portion of the Option shall terminate and be null and void.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Us Dataworks Inc), Nonstatutory Stock Option Agreement (Us Dataworks Inc)

Exercise Schedule. (a) Except as otherwise provided in Sections 6 and 7 of this Agreementherein, the Option will become vested and is exercisable in installments as provided below, which shall be cumulative. To the extent that the Option has become vested 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 Option shall vest and become exercisable in eight following Vesting Schedule indicates each date (8) equal quarterly installments beginning three (3) months after January 25, 2008 and continuing quarterly thereafter (each, a the “Vesting Date”), ) upon which the Optionee shall be entitled to exercise the Option with respect to the last quarterly installment vesting and becoming exercisable on January 25, 2010number of Shares granted as indicated beside the applicable Vesting Date, provided (except as otherwise set forth below) that the Optionee’s employment or service with Continuous Service of the Company and its Subsidiaries during the period beginning on January 25, 2008 (the “Vesting Commencement Date”) Optionee continues through and on the applicable Vesting Date. Notwithstanding anything contained herein to the contrary, once the Option has vested and become exercisable with respect to 100% of the Shares, then the Option shall be fully vested and exercisable and the provisions of the preceding sentence shall cease to apply. : Vesting Schedule: Except as otherwise specifically provided herein, there shall be no proportionate or partial vesting of the Option in or during the months, days or periods prior to each Vesting Date, and all vesting of the Option shall occur only on the appropriate applicable Vesting Date. Except as Unless otherwise set forth belowprovided in an Employment Agreement between the Optionee and the Company or any Related Entity, upon the termination or cessation of the Optionee’s employment or service with the Company and its SubsidiariesContinuous Service, for any reason whatsoever, any unvested portion of the Option which is not yet vested, and which does not then become vested pursuant to this Section 2, shall automatically and without notice terminate and be null and void. (b) The Option also shall become vested at such earlier times, if any, as may otherwise be determined by the Committee in its sole and absolute discretion or as may be provided in any Employment Agreement between the Optionee and the Company or any Related Entity.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement

Exercise Schedule. Except as otherwise provided in Sections 6 and 7 of this Agreement, or in the Plan, the Option will become vested and is exercisable in installments as provided below, which shall be cumulative. To the extent that the Option has become vested 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 Option shall vest and become exercisable in eight (8) equal quarterly installments beginning three (3) months after January 25, 2008 and continuing quarterly thereafter following table indicates each date (each, a “Vesting Date”), ) upon which the Optionee shall be entitled to exercise the Option with respect to the last quarterly installment vesting and becoming exercisable on January 25, 2010percentage of Shares granted as indicated beside the date, provided (except as otherwise set forth below) that the Optionee’s employment or service with the Company and its Subsidiaries during the period beginning on January 25June 6, 2008 2005 (the “Vesting Commencement Date”) continues through and on the applicable Vesting Date. : Percentage of Shares Vesting Date 50% Second Anniversary of Vesting Commencement Date 25% Third Anniversary of Vesting Commencement Date 25% Fourth Anniversary of Vesting Commencement Date Notwithstanding anything contained herein to the contrary, once the Option has vested and become exercisable with respect to 100% of the Shares, then the Option shall be fully vested and exercisable and the provisions of the preceding sentence shall cease to apply. Except as otherwise specifically provided herein, (a) 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. Except as otherwise set forth below, and (b) upon the termination of the Optionee’s employment or service 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 (Wellcare Health Plans, Inc.)

Exercise Schedule. Except as otherwise provided in Sections Section 6 and Section 7 of this Agreement, or in the Plan, the Option will become vested and is exercisable in installments as provided below, which shall be cumulative. To the extent that the Option has become vested 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 Option shall vest and become exercisable in eight following table indicates each date (8) equal quarterly installments beginning three (3) months after January 25, 2008 and continuing quarterly thereafter (each, a “the "Vesting Date”), ") upon which the Optionee shall be entitled to exercise the Option with respect to the last quarterly installment vesting and becoming exercisable on January 25, 2010percentage of Shares granted as indicated beside the date, provided (except as otherwise set forth below) that the Optionee’s employment or service with Optionee has been continuously employed by the Company and its Subsidiaries during the period beginning on January 25, 2008 (the “Vesting Commencement Date”) continues or a Subsidiary through and on the applicable Vesting Date. Notwithstanding anything contained herein to the contrary, once the Option has vested and become exercisable with respect to 100% : Percentage of the Shares, then the Option shall be fully vested and exercisable and the provisions of the preceding sentence shall cease to apply. Shares Vesting Date -------------------- ------------ [INSERT %] [INSERT DATE[S]] [INSERT %] [INSERT DATE[S]] [INSERT %] [INSERT DATE[S]] 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. Except As soon as otherwise set forth below, upon the termination of the Optionee’s employment or service with Optionee no longer is employed by the Company and its Subsidiaries, and is no longer serving as a Director, any unvested portion of the Option shall terminate and be null and void.. The Option shall terminate on, and in no event shall the Option be exercisable after, [INSERT OPTION TERMINATION DATE]

Appears in 1 contract

Samples: Stock Option Agreement (Netcreations Inc)

Exercise Schedule. Except as otherwise provided in Sections 6 and 7 of this Agreement, or in the Plan, the Option will become vested and is exercisable in installments as provided below, which shall be cumulative. To the extent that the Option has become vested 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 upon which the Optionee shall become entitled to exercise the Option shall vest and become exercisable in eight with respect to the percentage of Shares granted as indicated beside the date (8) equal quarterly installments beginning three (3) months after January 25, 2008 and continuing quarterly thereafter (each, each such date being a “Vesting Date”), with the last quarterly installment vesting and becoming exercisable on January 25, 2010, provided (except as otherwise set forth below) that the Optionee’s employment or service with the Company and or any its Subsidiaries during the period beginning on January 25, 2008 (the “Vesting Commencement Date”) continues through and on the applicable Vesting Date. : Notwithstanding anything contained herein to the contrary, once the Option has vested and become exercisable with respect to 100% of the Shares, then the Option shall be fully vested and exercisable and the provisions of the preceding sentence shall cease to apply. 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. Except as otherwise set forth below, upon Upon the termination of the Optionee’s employment or service 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 (Wellcare Health Plans, Inc.)

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Exercise Schedule. Except as otherwise provided in Sections 6 and 7 or 9 of this Agreement, or in the Plan, the Option will become vested and is exercisable in installments as provided below, which shall be cumulative. To the extent that the Option has become vested exercisable with respect to a percentage specified 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 Option shall vest and become exercisable in eight following table indicates each date (8) equal quarterly installments beginning three (3) months after January 25, 2008 and continuing quarterly thereafter (each, a the “Vesting Date”), ) upon which the Optionee shall be entitled to exercise the Option with respect to the last quarterly installment vesting and becoming exercisable on January 25, 2010number of Shares granted as indicated beside the date, provided (except as otherwise set forth below) that the Optionee’s employment or service with Continuous Service of the Company and its Subsidiaries during the period beginning on January 25, 2008 (the “Vesting Commencement Date”) Optionee continues through and on the applicable Vesting Date. Notwithstanding anything contained herein : Number of Shares Vesting Date 25,000 December 31, 2013 50,000 December 31, 2014 50,000 December 31, 2015 75,000 December 31, 2016 For the avoidance of doubt, in the event the Optionee’s employment ends on December 31, 2016 other than termination for Cause (as defined in that certain Employment Agreement between the Company and Optionee, dated June 20, 2013), Optionee shall be deemed to have satisfied the contrary, once the Option has vested Continuous Service requirement through such date and become exercisable with respect to 100% of the Shares, then the this Option shall be fully vested and exercisable and the provisions of the preceding sentence shall cease to applyvested. 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. Except as otherwise set forth belowspecifically provided herein, upon the termination of the Optionee’s employment or service with the Company and its SubsidiariesContinuous Service, any unvested portion of the Option shall terminate and be null and void.

Appears in 1 contract

Samples: Employment Agreement (Galectin Therapeutics Inc)

Exercise Schedule. Except as otherwise provided in Sections 6 and 7 of this Agreement, the Option will become vested and exercisable in installments as provided below, which shall be cumulative. To the extent that the Option has become vested 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 Option shall vest and become exercisable in eight (8) equal quarterly installments beginning three (3) months after January 25with respect to 150,000 Shares on April 1, 2008 2010 and continuing quarterly thereafter with respect to the remaining 150,000 Shares on December 31, 2010 (each, a “Vesting Date”), with the last quarterly installment vesting and becoming exercisable on January 25, 2010, provided (except as otherwise set forth below) that the Optionee’s employment or service with the Company and its Subsidiaries during the period beginning on January 25, 2008 (the “Vesting Commencement Date”) continues through and on the applicable Vesting Date. Notwithstanding anything contained herein to the contrary, once the Option has vested and become exercisable with respect to 100% of the Shares, then the Option shall be fully vested and exercisable and the provisions of the preceding sentence shall cease to apply. 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. Except as otherwise set forth below, upon the termination of the Optionee’s employment or service 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 (Wellcare Health Plans, Inc.)

Exercise Schedule. Except as otherwise provided in Sections 6 and 7 or 9 of this Agreement, or in the Plan, the Option will become vested and is exercisable in installments as provided below, which shall be cumulative. To the extent that the Option has become vested 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 Option shall vest and become exercisable in eight following table indicates each date (8) equal quarterly installments beginning three (3) months after January 25, 2008 and continuing quarterly thereafter (each, a “the "Vesting Date”), ") upon which the Optionee shall be entitled to exercise the Option with respect to the last quarterly installment vesting and becoming exercisable on January 25, 2010percentage of Shares granted as indicated beside the date, provided (except as otherwise set forth below) that the Optionee’s employment or service with the Company and its Subsidiaries during the period beginning on January 25, 2008 (the “Vesting Commencement Date”) continues Optionee has continued as a Service Provider through and on including the applicable Vesting Date. Notwithstanding anything contained herein to the contrary, once the Option has vested and become exercisable with respect to 100% of the Shares, then the Option shall be fully vested and exercisable and the provisions of the preceding sentence shall cease to apply. : NUMBER OF SHARES VESTING DATE ---------------- ------------ 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. Except as otherwise set forth below; provided, upon the however, that vesting shall be subject to acceleration in connection with Optionee's termination of service to the Optionee’s employment or service with extent provided in the Employment Agreement between Optionee and the Company dated as of ______________ (the "Employment Agreement"), and its Subsidiariespursuant to Section 10 below. Upon an Optionee's termination of Service, any unvested portion of the Option shall terminate and be null and void.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Us Dataworks Inc)

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