Common use of Installment Exercise Clause in Contracts

Installment Exercise. Subject to such further limitations as are provided herein, the Option shall become exercisable in three (3) installments, the Grantee having the right hereunder to purchase from the Company the following number of Option Shares upon exercise of the Option, on and after the following dates, in cumulative fashion: (a) on and after the first anniversary of the Date of Grant, up to one-third (ignoring fractional shares) of the total number of Option Shares; (b) on and after the second anniversary of the Date of Grant, up to an additional one-third (ignoring fractional shares) of the total number of Option Shares; and, (c) on and after the third anniversary of the Date of Grant, the remaining Option Shares.

Installment Exercise. Subject to such further limitations as are provided herein, the Option shall become exercisable in three (3) installments, the Grantee Xxxxxxx having the right hereunder to purchase from the Company the following number of Option Options Shares upon exercise of the Option, on and after the following dates, in cumulative fashion: (ai) on and after the first anniversary of the Date of Grant, Grant up to one-one- third (ignoring fractional shares) of the total number of Option Shares; (bii) on and after the second anniversary of the Date of GrantXxxxx, up to an additional one-third (ignoring fractional shares) of the total number of Option Shares; and, (ciii) on and after the third anniversary of the Date of GrantXxxxx, the remaining Option Shares.

Installment Exercise. Subject to such further limitations as are provided herein, the Option shall become exercisable in three (3) installments, the Grantee Participant having the right hereunder to purchase from the Company Bank the following number of Option Shares upon exercise of the Option, on and after the following dates, in cumulative fashion: (a) on and after the first anniversary of the Date date of Grantthis Agreement, up to one-third (ignoring fractional shares) of the total number of Option Shares; (b) on and after the second anniversary of the Date date of Grantthis Agreement, up to an additional one-third (ignoring fractional shares) of the total number of Option Shares; and, (c) on and after the third anniversary of the Date date of Grantthis Agreement, the remaining Option Shares.

Installment Exercise. Subject to such further limitations as are provided herein, the Option shall become exercisable in three (3) installments, the Grantee having the right hereunder to purchase from the Company the following number of Option Options Shares upon exercise of the Option, on and after the following dates, in cumulative fashion: (ai) on and after the first anniversary of the Date of Grant, Grant up to one-third (ignoring fractional shares) of the total number of Option Shares; (bii) on and after the second anniversary of the Date of GrantXxxxx, up to an additional one-third (ignoring fractional shares) of the total number of Option Shares; and, (ciii) on and after the third anniversary of the Date of GrantXxxxx, the remaining Option Shares.

Installment Exercise. Subject to such further limitations as are provided herein, the Option shall become exercisable in three four (34) installments, the Grantee having the right hereunder to purchase from the Company the following number of Option Shares upon exercise of the Option, on and after the following dates, in cumulative fashion: : (ai) on and after the first anniversary of the Date of Grant, up to one-third (ignoring fractional shares) of the total number of Option Shares; (b) on and after the second anniversary of the Date of Grant, up to an additional one-third 25% (ignoring fractional shares) of the total number of Option Shares; and, (cii) on and after the second anniversary of the Date of Xxxxx, up to an additional 25% (ignoring fractional shares) of the total number of Option Shares; and (iii) on and after the third anniversary of the Date of Grant, up to an additional 25% (ignoring fractional shares) of the total number of Option Shares; and (iv) on and after the fourth anniversary of the Date of Grant, the remaining Option Shares.

Installment Exercise. Subject to such further limitations as are provided herein, the Option shall become exercisable in three (3) installments, the Grantee Xxxxxxx having the right hereunder to purchase from the Company the following number of Option Shares upon exercise of the Option, on and after the following dates, in cumulative fashion: (ai) on and after the first anniversary of the Date of Grant, Grant up to one-third (ignoring fractional shares) of the total number of Option Shares; (bii) on and after the second anniversary of the Date of GrantXxxxx, up to an additional one-third (ignoring fractional shares) of the total number of Option Shares; and,and Exhibit 10.35.4 (ciii) on and after the third anniversary of the Date of GrantXxxxx, the remaining Option Shares.