Common use of Initial Period of Exercisability Clause in Contracts

Initial Period of Exercisability. The Option will become exercisable with respect to the Option Shares [immediately/in _____ installments]. [The following table sets forth the initial dates of exercisability of each installment and the number of Option Shares as to which the Option will become exercisable on such dates: Exercisability Available for Exercise ___________________ _______ ___________________ _______ ___________________ _______ ___________________ _______] [The foregoing rights to exercise the Option will be cumulative with respect to the Option Shares becoming exercisable on each such date.] In no event will the Option be exercisable after, and the Option will become void and expire as to all unexercised Option Shares at 5:00 p.m. Circle Pines, Minnesota time on ______________________ (the “Time of Termination”).

Appears in 2 contracts

Samples: Form of Incentive Stock Option Agreement (Northern Technologies International Corp), Form of Non Statutory Stock Option Agreement (Northern Technologies International Corp)

AutoNDA by SimpleDocs

Initial Period of Exercisability. The Option will become exercisable with respect to the Option Shares [immediately/in _____ installments]. [The following table sets forth the initial dates of exercisability of each installment and the number of Option Shares as to which the this Option will become exercisable on such dates: Exercisability Available for Exercise ___________________ _______ ___________________ _______ ___________________ _______ ___________________ _______] [The foregoing rights to exercise the this Option will be cumulative with respect to the Option Shares becoming exercisable on each such date.] In no event will the this Option be exercisable after, and the this Option will become void and expire as to all unexercised Option Shares at 5:00 p.m. Circle PinesLincolnshire, Minnesota Illinois time on ______________________ (the “Time of Termination”).

Appears in 2 contracts

Samples: Form of Incentive Stock Option Agreement (Biosante Pharmaceuticals Inc), Form of Non Statutory Stock Option Agreement (Biosante Pharmaceuticals Inc)

Initial Period of Exercisability. The Option will become exercisable with respect to the Option Shares [immediately/in _____ installments]. [The following table sets forth the initial dates of exercisability of each installment and the number of Option Shares as to which the this Option will become exercisable on such dates: Exercisability Available for Exercise ___________________ _______ ___________________ _______ ___________________ _______ ___________________ _______] [The foregoing rights to exercise the this Option will be cumulative with respect to the Option Shares becoming exercisable on each such date.] In no event will the this Option be exercisable after, and the this Option will become void and expire as to all unexercised Option Shares at 5:00 p.m. Circle Pines, Minnesota time on ______________________ (the “Time of Termination”).

Appears in 2 contracts

Samples: Form of Non Statutory Stock Option Agreement (Northern Technologies International Corp), Form of Incentive Stock Option Agreement (Northern Technologies International Corp)

Initial Period of Exercisability. The Option will become exercisable with respect to the Option Shares [immediately/in _______ installments]. [The following table sets forth the initial dates of exercisability of each installment and the number of Option Shares as to which the this Option will become exercisable on such dates: Initial Date of Number of Option Shares Exercisability Available for Exercise _____-------------- ---------------------- ______________ _______ ___________________ _______ ___________________ _______ ___________________ _______] [_______ _______________ ______________ _______________ _____________ _______________ The foregoing rights to exercise the this Option will be cumulative with respect to the Option Shares becoming exercisable on each such date.] In , but in no event will the this Option be exercisable after, and the this Option will become void and expire as to all unexercised Option Shares at at, 5:00 p.m. Circle PinesMinneapolis, Minnesota time time) on ______________, 20________ , (the "Time of Termination").

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (LSC Inc)

Initial Period of Exercisability. The Option will become exercisable with respect to the Option Shares [immediately/in ______ installments]installment(s). [The following table sets forth the initial dates date of exercisability of each installment such installment(s) and the number of Option Shares as to which the this Option will become exercisable on such datesdate: Date of Number of Option Shares Exercisability Available for Exercise ___________________ _______ ___________________ _______ ___________________ _______ ___________________ _______] [-------------- ---------------------- --------------------- ----------- The foregoing rights to exercise the this Option will be cumulative with respect to the Option Shares becoming exercisable on each such date.] In , but in no event will the this Option be exercisable after, and the this Option will become void and expire as to all unexercised Option Shares at 5:00 p.m. Circle PinesMinneapolis, Minnesota time on _________________, _____ (the "Time of Termination").

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Mocon Inc)

Initial Period of Exercisability. The Except as otherwise provided in Sections 3.2 and 3.3 below, the Option will become exercisable with respect to the Option Shares [immediately/in _____ installments]. [The following table sets forth the initial dates of exercisability of each installment and the number of Option Shares as to which the Option will become exercisable on such dates: Exercisability Available for Exercise ___________________ _______ ___________________ _______ ___________________ _______ ___________________ _______] [The foregoing rights to exercise the Option will be cumulative with respect to the Option Shares becoming exercisable on each such date.] In no event will the Option be exercisable after, and the Option will become void and expire as to all unexercised Option Shares at 5:00 p.m. Circle Pines, Minnesota time on ______________________ (the “Time of Termination”).

Appears in 1 contract

Samples: Form of Non Statutory Stock Option Agreement (Northern Technologies International Corp)

AutoNDA by SimpleDocs

Initial Period of Exercisability. The Except as otherwise provided in Sections 3.2 and 3.3 below, the Option will become exercisable with respect to the Option Shares [immediately/in _____ installments]. [The following table sets forth the initial dates of exercisability of each installment and the number of Option Shares as to which the Option will become exercisable on such dates: Exercisability Available for Exercise ___________________ _______ ___________________ _______ ___________________ _______ ___________________ _______] [The foregoing rights to exercise the Option will be cumulative with respect to the Option Shares becoming exercisable on each such date.] In no event will the Option be exercisable after, and the Option will become void and expire as to all unexercised Option Shares at 5:00 p.m. Circle Pines, Minnesota time on ______________________ (the “Time of Termination”).

Appears in 1 contract

Samples: Form of Incentive Stock Option Agreement (Northern Technologies International Corp)

Initial Period of Exercisability. The Option will become exercisable with respect to the Option Shares [immediately/in _______ installments]. [The following table sets forth the initial dates of exercisability of each installment and the number of Option Shares as to which the this Option will become exercisable on such dates: Exercisability Available for Exercise ___________________ _______ ___________________ _______ ___________________ _______ ___________________ _______] _ [The foregoing rights to exercise the this Option will be cumulative with respect to the Option Shares becoming exercisable on each such date.] In no event will the this Option be exercisable after, and the this Option will become void and expire as to all unexercised Option Shares at 5:00 p.m. Circle PinesLincolnshire, Minnesota Illinois time on ______________________ (the “Time of Termination”).. 1 Only to be used for Named Executive Officers party to an Executive Employment Agreement

Appears in 1 contract

Samples: Form of Non Statutory (Ani Pharmaceuticals Inc)

Initial Period of Exercisability. The Option will shall become exercisable with respect to the Option Shares [immediately/in _____ four (4) installments]. [The following table sets forth the initial dates of exercisability of each installment and the number of Option Shares as to which the this Option will shall become exercisable on such dates: Initial Date of Number of Option Shares Exercisability Available for Exercise __________------------------- ----------------------- _________ _____, 200__ __________# _________ _____, 200__ __________# _________ _____, 200__ __________# _________ __, 200_____] [_ # The foregoing rights to exercise the this Option will shall be cumulative with respect to the Option Shares becoming exercisable on each such date.] In date but in no event will the shall this Option be exercisable after, and the this Option will shall become void and expire as to all unexercised Option Shares at at, 5:00 p.m. Circle Pines(Minneapolis, Minnesota time time) on __________ ___________, 201__ (the "Time of Termination").

Appears in 1 contract

Samples: Optical Sensors Inc

Time is Money Join Law Insider Premium to draft better contracts faster.