No Guarantees of Exercisability or Value; No Other Changes Sample Clauses

No Guarantees of Exercisability or Value; No Other Changes. Tekelec has not extended the term of the Incentive Stock Option granted to Former Employee on January 18, 2002 for 20,000 shares (the “ISO”), has not promised Former Employee that the restriction will lapse prior to the termination of the ISO, and Former Employee understands that there can be no assurance that Former Employee will have the opportunity to exercise the ISO. Former Employee further acknowledges that Tekelec has not guaranteed the value of any of Former Employee’s nonstatutory stock options. Except as specifically set forth in Section 5.2 above and Exhibit A, the time period through which Former Employee may exercise her vested stock options shall expire in accordance with the terms of the stock option plans under which Former Employee’s options were granted.
Sample 1
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No Guarantees of Exercisability or Value; No Other Changes. Tekelec cannot and has not promised Former Employee that the blackout will expire prior to the termination of the NSO, nor has Tekelec guaranteed the value (if any) of the NSO should it become exercisable before it terminates. Former Employee acknowledges and agrees that there can be no assurance that Former Employee will have the opportunity to exercise the NSO prior to its termination. Except as set forth in paragraph 1 above, nothing in this Agreement shall alter or affect any outstanding stock options, warrants or rights or Former Employee’s rights or responsibilities with respect thereto. Except as set forth in paragraph 1 above and Section 6 of the Employment Separation Agreement, the time period through which Former Employee may exercise his vested stock options shall expire in accordance with the terms of the stock option plans under which Former Employee’s options were granted.
Sample 1

Related to No Guarantees of Exercisability or Value; No Other Changes

  • Acceleration of Exercisability Notwithstanding the schedule provided in subsection 3.2, the Option will become fully exercisable (unless Participant chooses to decline accelerated Vesting of all or any portion of the Option) upon the occurrence of either:

  • Duration of Exercisability The installments provided for in Section 3.1 are cumulative. Each such installment which becomes exercisable pursuant to Section 3.1 shall remain exercisable until it becomes unexercisable under Section 3.3.

  • Acceleration of Exercisability of Option (a) This Option shall become immediately fully exercisable in the event that, prior to the termination of the Option pursuant to Section 6 hereof, and during the Optionee’s Continuous Service, there is a “Change in Control,” as defined in Section 9(b) of the Plan.

  • Period of Exercisability Section 3.1 - Commencement of Exercisability ----------- ------------------------------

  • Suspension of Exercisability If at any time the Company shall determine, in its discretion, that the listing, registration or qualification of the Shares upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory authority, is necessary or desirable as a condition of the purchase of Shares hereunder, this option may not be exercised, in whole or in part, unless and until such listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Company. The Company shall make reasonable efforts to meet the requirements of any such state or federal law or securities exchange and to obtain any such consent or approval of any such governmental authority.

  • Commencement of Exercisability (a) Subject to Sections 3.1(b), 3.1(c) and 3.3, the Option shall become vested and exercisable in such amounts and at such times as are set forth in the Grant Notice.

  • Exercisability This option shall be exercisable as to: Number of Shares Vesting Date 400 immediate This option shall remain exercisable as to all vested shares until January 1,2014 (but not later than ten (10) years from the date this option is granted) unless this option has expired or terminated earlier in accordance with the provisions hereof or in the Plan. Subject to paragraphs 4 and 5, shares as to which this option becomes exercisable pursuant to the foregoing provision may be purchased at any time prior to expiration of this option.

  • Vesting and Exercisability of Option The Option shall vest, and may be exercised, with respect to the Shares as set forth in the Optionee Statement attached hereto and made a part hereof, subject to earlier termination of the Option as provided in Sections 1.4 and 6 hereof or in the Plan. The right to purchase the Shares as they become vested shall be cumulative and shall continue during the Exercise Term unless sooner terminated as provided herein.

  • Cumulative Exercisability To the extent that the Option is vested and exercisable, the Grantee has the right to exercise the Option (to the extent not previously exercised), and such right shall continue, until the expiration or earlier termination of the Option.

  • Forfeiture upon Termination of Status as a Service Provider Notwithstanding any contrary provision of this Award Agreement, the balance of the Restricted Stock Units that have not vested as of the time of Participant’s termination as a Service Provider for any or no reason and Participant’s right to acquire any Shares hereunder will immediately terminate.

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