Common use of Initial Exercisability Clause in Contracts

Initial Exercisability. (a) Subject to paragraph 5 below, the Option, to the extent that there has been no termination of the Optionee’s employment and the Option has not otherwise expired or been forfeited, shall become exercisable as follows: For the Period Ending On Percent of the Grant Exercisable August 12, 2005 25% August 12, 2006 25% August 12, 2007 25% August 12, 2008 25%

Appears in 2 contracts

Samples: Employment Agreement (Extra Space Storage Inc.), Employment Agreement (Extra Space Storage Inc.)

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Initial Exercisability. (ae) Subject to paragraph 5 below, the Option, to the extent that there has been no termination of the OptioneeParticipant’s employment service and the Option has not otherwise expired or been forfeited, shall become exercisable as follows: For the Period Ending On Percent of the Grant Exercisable August 12, 2005 25% August 12, 2006 25% August 12, 2007 25% August 12, 2008 25%

Appears in 2 contracts

Samples: Share Plan Option Award Agreement (Extra Space Storage Inc.), Non Employee Director Share Plan Option Award Agreement (Extra Space Storage Inc.)

Initial Exercisability. (ac) Subject to paragraph 5 below, the Option, to the extent that there has been no termination of the Optionee’s employment and the Option has not otherwise expired or been forfeited, shall become exercisable as follows: For the Period Ending On Percent of the Grant Exercisable August 12, 2005 25% August 12, 2006 25% August 12, 2007 25% August 12, 2008 25%

Appears in 2 contracts

Samples: Employment Agreement (Extra Space Storage Inc.), Employment Agreement (Extra Space Storage Inc.)

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Initial Exercisability. (a) Subject to paragraph 5 4 below, the Option, to the extent that there has been no termination of the Optionee’s employment and the Option has not otherwise expired or been forfeited, shall become exercisable as follows: For the Period Ending On Percent of the Grant Exercisable August 12, 2005 25% August 12, 2006 25% August 12, 2007 25% August 12, 2008 25%[ ] [ ] [ ] [ ] [ ] [ ]

Appears in 1 contract

Samples: 2004 Equity Incentive Plan (Gramercy Capital Corp)

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