Common use of Extent of Exercise Clause in Contracts

Extent of Exercise. The Option may be exercised at the time or after installments vest as specified in Section 2 with respect to all or part of the Optioned Shares covered by such vested installments, subject to the further restrictions contained in this Agreement. In the event that Optionee exercises the Option for less than the full number of Optioned Shares included within a vested installment, Optionee shall be entitled to exercise the Option (in one or more subsequent increments) for the balance of the Optioned Shares included in said vested installment; provided, however, that in no event shall Optionee be entitled to exercise the Option for fractional shares of Common Stock or for a number of shares exceeding the maximum number of Optioned Shares.

Appears in 3 contracts

Samples: Stock Option Agreement (Quidel Corp /De/), Stock Option Agreement (Quidel Corp /De/), General Nonstatutory Stock Option Plan Stock Option Agreement (Quidel Corp /De/)

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Extent of Exercise. The Option may be exercised at the time or after installments vest as specified in Section 2 to this Agreement with respect to all or part of the Optioned Shares covered by such vested installments, subject to the further restrictions contained in this Agreement. In the event that Optionee exercises the Option for less than the full number of Optioned Shares included within a vested installment, Optionee shall be entitled to exercise the Option (in one or more subsequent increments) for the balance of the Optioned Shares included in said vested installment; provided, however, that in no event shall Optionee be entitled to exercise the Option for fractional shares of Common Stock or for a number of shares exceeding the maximum number of Optioned Shares.

Appears in 2 contracts

Samples: Smith Stock Option Plan and Agreement (Fleetwood Enterprises Inc/De/), Option Plan and Agreement (Fleetwood Enterprises Inc/De/)

Extent of Exercise. The Option may be exercised at the time or after installments vest as specified in Section 2 with respect to all or part of the Optioned Shares covered by such vested installments, subject to the further restrictions contained in this Agreement. In the event that Optionee exercises the Option for less than the full number of Optioned Shares included within a vested installment, Optionee shall be entitled to exercise the Option (in one or more subsequent increments) for the balance of the Optioned Shares included in said vested installment; providedPROVIDED, howeverHOWEVER, that in no event shall Optionee be entitled to exercise the Option for fractional shares of Common Stock or for a number of shares exceeding the maximum number of Optioned Shares.

Appears in 2 contracts

Samples: Stock Option Agreement (Quidel Corp /De/), Stock Option Agreement (Quidel Corp /De/)

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Extent of Exercise. The Option may be exercised at the time or after installments vest as specified in Section 2 the Term Sheet with respect to all or part of the Optioned Shares covered by such vested installments, subject to the further restrictions contained in this Agreement. In the event that Optionee exercises the Option for less than the full number of Optioned Shares included within a vested installment, Optionee shall be entitled to exercise the Option (in one or more subsequent increments) for the balance of the Optioned Shares included in said vested installment; provided, however, that in no event shall Optionee be entitled to exercise the Option for fractional shares of Common Stock or for a number of shares exceeding the maximum number of Optioned Shares.

Appears in 1 contract

Samples: Stock Option Agreement (Quidel Corp /De/)

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