Exercises of Option Sample Clauses
Exercises of Option. This Option shall be exercisable in accordance ------------------- with provisions of the Plan, provided the holder of such Option is an employee, director or director emeritus of the Company as of such date, as follows:
(a) Schedule of Rights to Exercise. Percentage of Total Shares Awarded Which Are Exercisable/ Date Options Non-forfeitable ---- ------- ---------------
Exercises of Option. This Option shall be exercisable in accordance with provisions of the Plan as follows:
(i) Schedule of rights to exercise.
Exercises of Option. This Option shall be exercisable in accordance with provisions of the Plan, provided the holder of such Option is an employee, director or director emeritus of the Company as of such date, as follows:
Exercises of Option. This Option shall be exercisable in accordance ------------------- with provisions of the Plan as follows:
(i) Schedule of rights to exercise. ------------------------------ Percentage of Total Shares Years of Continuous Employment Subject to Option Which May After Date of Grant of Option Be Exercised ------------------------------ --------------------------- Upon Grant 0% 1 year but less than 2 years 20% 2 years but less than 3 years 40% 3 years but less than 4 years 60% 4 years but less than 5 years 80% 5 years or More 100% __________________________ */ 110% in the case of an Optionee who owns shares representing more than 10% of the outstanding common stock of the Company on the date of grant of this Option.
Exercises of Option. This Option shall be exercisable in accordance with provisions of the Plan, provided the holder of such Option is an employee, director or director emeritus of Cxxxx Bank (the “Bank”) or the Company as of such date, as follows:
Exercises of Option. This Option shall be exercisable in accordance ------------------- with provisions of the Plan, provided the holder of such Option is an employee, director or director emeritus of the Company as of such date, as follows:
(a) Schedule of Rights to Exercise.
Exercises of Option. This Option shall be exercisable in accordance with provisions of the Plan, provided the holder of such Option is an employee, director or director emeritus of the Company as of such date, as follows:
(a) Schedule of Rights to Exercise.
A. Such Options awarded to the Optionee are intended to satisfy the requirements of "incentive stock options" ("ISOs") within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended. In the event that the Fair Market Value of the Common Stock subject to such grant to the Optionee exceeds $100,000 per vesting event, then the excess of each installment shall be deemed non statutory stock options (not qualifying as ISOs).
B. Options awarded to the Optionee shall continue to vest annually during such period that he serves as an employee, director or director emeritus of Millington Savings Bank (the "Bank") or the Company.
C. Notwithstanding anything herein to the contrary, in no event shall any Options granted herein be exercisable for a period of six months from the Date of Grant, except in the event of the death or Disability of the Optionee or a Change in Control of the Company. Upon such occurrences, all such Options shall be immediately 100% vested and exercisable.
D. Upon termination of service for any reason, other than Disability or death, such Options shall cease to be exercisable three months from the date of termination of employment.
E. Upon Disability, all Options shall be deemed immediately exercisable for a period not to exceed one year from such date of Disability.
F. Upon death, all Options shall be immediately exercisable by the estate for two years from the date of death, not to exceed initial option term.
Exercises of Option. This Option shall be exercisable in accordance with provisions of the Plan, provided the holder of such Option is an employee, director or director emeritus of the Company as of such date, as follows:
(a) Schedule of Rights to Exercise. Percentage of Total Shares Awarded Which Are Exercisable/ Date Options Non-forfeitable ---- ------- --------------- Upon grant................... 0 0% As of September 30, 2002..... ------ 33 1/3% As of September 30, 2003..... ------ 66 2/3% As of September 30, 2004..... ------ 100% Options awarded to the Optionee shall continue to vest annually during such period that he serves as an employee, director or director emeritus of FloridaFirst Bank or the Company. Notwithstanding any provisions in this Section 2, in no event shall this Option be exercisable prior to six months following the date of grant. Options shall be 100% vested and exercisable upon the death or disability of the Optionee, or upon a Change in Control of the Company.
Exercises of Option. This Option shall be exercisable in accordance with provisions of the Plan, provided the holder of such Option is an employee or director of The Dime Bank (the “Bank”) or the Company as of such date, as follows:
(a) Schedule of Rights to Exercise.
A. Such Options awarded to the Optionee are intended to satisfy the requirements of Aincentive stock options@ (AISOs@) within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended. In the event that the Fair Market Value of the Common Stock subject to such grant to the Optionee exceeds $100,000 per vesting event, then the excess of each installment shall be deemed non statutory stock options (not qualifying as ISOs).
B. Options awarded to the Optionee shall continue to vest annually during such period that he serves as an employee or director of the Bank or the Company.
C. Except in the event of death or Disability of the Participant or a Change in Control of the Company, a minimum of six months must elapse between the date of the grant of an Option and the date of the sale of the Common Stock received through the exercise of such Option.
D. Upon termination of service, absent Disability or death, such options which are exercisable as of such date of termination of service shall cease to be exercisable three months from the date of termination of employment. All other options shall be forfeited as of such date of termination of service.
E. Upon Disability, such Option shall be deemed exercisable as if the Participant had attained the next applicable vesting event. All Options shall be exercisable for a period of time prior to the earlier of (1) the Option expiration date and (2) one year from such date of termination of employment, but only if, and to the extent that, the Participant was entitled to exercise any such Options at the date of such termination of employment as a result of such Disability or would have been eligible to exercise such Option had the Participant continued employment through the date of the next applicable vesting event.
F. Upon death, such Option shall be deemed exercisable as if the Participant had attained the next applicable vesting event. All Options shall be exercisable by the estate for 2 years from date of death, not to exceed initial option term, but only if, and to the extent that, the Participant was entitled to exercise any such Options at the date of death or would have been eligible to exercise such Options had the Participant continued employment throu...
Exercises of Option. This Option shall be exercisable in ------------------- accordance with provisions of the Plan as follows:
(i) Schedule of rights to exercise. ------------------------------ Percentage of Total Shares Years of Continuous Employment Subject to Option Which May After Date of Grant of Option Be Exercised ------------------------------ --------------------------- Upon Grant 1 year but less than 2 years 2 years but less than 3 years 3 years but less than 4 years ------------------------- */ 110% in the case of an Optionee who owns shares representing more than -- 10% of the outstanding common stock of the Company on the date of grant of this Option. 4 years but less than 5 years 5 years or more