Number of Options; Expiration Date Sample Clauses

Number of Options; Expiration Date. Upon the terms and subject to the conditions of the offer, we will exchange for New Options to purchase common stock under the 2000 Plan (if you are not an executive officer of Agile) or under the 1995 Plan (if you are an executive officer of Agile), all Eligible Options, and all Required Options, that are properly tendered and not validly withdrawn in accordance with Section 5 before the Expiration Date. We will not accept partial tenders of options for any portion less than all of the unexercised shares subject to an individual option. Therefore, you may tender options for all or none of the unexercised shares subject to each of your Eligible Options. You must tender all of the Required Options if you tender any Eligible Options. Eligible Options are all options held by current employees of Agile or our subsidiaries with an exercise price per share of $15.00 or more that are outstanding under the 1995 Plan, the 2000 Plan or the DMI Plan. In addition, if you tender any option for exchange, you will be required to also tender all options that you received during the six month period prior to the date the tendered option was cancelled. We currently expect to cancel all tendered options on November 19, 2001, which means that if you participate in the offer, you will be required to tender all options granted to you since May 19, 2001. By exchanging any Eligible Option pursuant to the offer, you will automatically be deemed to have returned all of your options granted to you since May 19, 2001 for exchange and cancellation. If your Eligible Options are properly tendered and accepted for exchange, the options will be cancelled and, subject to the terms of this offer, you will be entitled to receive, in exchange for each tendered option, a New Option for 75% of the number of unexercised shares that were subject to the corresponding returned option (rounded down to the nearest whole share). Thus, for every four (4) shares of common stock that are purchasable under an Eligible Option or Required Option returned for exchange, you will receive the right to purchase three (3) shares of common stock under the New Option. The New Options will be granted on or promptly after (but not more than 20 days after) the first trading day that is at least six months and one day after the date returned options are accepted for exchange and cancelled. All New Options will be nonstatutory options for U.S. tax purposes, even if the returned options were incentive stock options. If, ...
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Number of Options; Expiration Date. Subject to the terms and conditions of the offer, we will exchange all outstanding, unexercised options held by eligible employees that are properly tendered and not validly withdrawn in accordance with Section 5 before the "expiration date," as defined below, in return for new options. We will not accept partial tenders of options for any portion of the shares subject to an individual option grant. Therefore, you may tender options for all or none of the shares subject to each of your eligible options. In addition, if you tender any option grant for exchange, you will be required to also tender all option grants that you received during the six month period prior to the date the tendered option was cancelled. We currently expect to cancel all tendered options on June 11, 2001, which means that if you participate in the offer, you will be required to tender all options granted to you since December 11, 2000. If your options are properly tendered and accepted for exchange, the options will be cancelled and, subject to the terms of this offer, you will be entitled to receive one or more new options to purchase the number of shares of common stock equal to the number of shares subject to the options tendered by you and accepted for exchange, subject to adjustments for any stock splits, stock dividends and similar events. All new options will be subject to the terms of the plan under which the particular new option is granted (either our 1998 Stock Plan or our 1999 Nonstatutory Stock Option Plan, at the discretion of our Board of Directors), and to a new option agreement between you and us. If, for any reason, you do not remain an employee of Tut or one of our U.S. subsidiaries through the date we grant the new options, you will not receive any new options or other compensation in exchange for your tendered options that have been accepted for exchange. This means that if you resign, with or without a good reason, or die or we terminate your employment, with or without cause, prior to the date we grant the new options, you will not receive anything for the options that you tendered and we cancelled.
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Number of Options; Expiration Date. Subject to the terms and conditions of the Offer, we will exchange all tendered outstanding, unexercised options granted between June 1, 2000 and February 28, 2001 (except those supplemental options granted on November 21, 2000), held by eligible employees and properly tendered and not validly withdrawn in accordance with Section 5 before the "Expiration Date," as defined below, in return for New Options. Employees electing to tender options must also surrender any supplemental options granted on November 21, 2000 associated with the tendered options. No New Options will be issued to replace these supplemental option grants. We will not accept partial tenders of options for any portion of the shares subject to an individual option grant. Therefore, you may tender options for all or none of the shares subject to each of your eligible options. You may, however, tender shares subject to a partially exercised option. If your options are properly tendered and accepted for exchange, the options will be cancelled and, subject to the terms of this Offer, you will be entitled to receive New Options to purchase the aggregate number of shares of common stock equal to the aggregate number of shares subject to the options tendered by you and accepted for exchange, subject to adjustments for any stock splits, stock dividends, recapitalizations and similar events, and subject to your continuous employment on the Grant Dates. Again, employees electing to receive New Options must also surrender any supplemental options granted on November 21, 2000 associated with the tendered options. No New Options will be issued to replace these supplemental option grants. Each New Option will be subject to the terms of our 2000 Stock Plan and to a new option agreement between you and us. We do not expect the Second Grant Date to be earlier than January 3, 2002. This means that if you quit, with or without a good reason, or die or we terminate your employment, with or without cause, prior to the Second Grant Date, you will not receive the Second New Option in exchange for your cancelled options.
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Number of Options; Expiration Date. 11 2. Purpose of the Offer................................................. 11 3. Procedures for Tendering Options..................................... 13 4.
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Number of Options; Expiration Date. Upon the terms and subject to the conditions of this offer, we will purchase from our continuing employees and non-employee directors all options to purchase shares of our common stock that were issued with an exercise price of $1.00 or more and that are properly tendered (and not validly withdrawn in accordance with Section 4) prior to the expiration date (as defined below) of this offer. Employees who have been notified that their service with us will be terminated prior to the end of 2001 are not eligible to participate in this offer. We will not be obligated to purchase any options if optionholders as a group tender options to purchase less than 1,500,000 shares of common stock issuable upon exercise of the options ("option shares"). However, we may choose to purchase less than 1,500,000 option shares if less than 1,500,000 option shares are tendered. This offer is subject to other terms and conditions. See Section 6. We will accept partial tenders of any amount of options. See Section 5. If your options are properly tendered and accepted for purchase, you will be entitled to receive an amount payable in shares of common stock. All shares of our common stock paid to optionholders pursuant to this offer will be restricted stock, subject to the vesting schedule set forth in a new restricted stock agreement between you and us. See Section 8. You will receive one share of restricted stock for each five option shares issuable upon exercise of the options you tender. We will not issue fractional shares of restricted stock. If the total number of option shares issuable upon exercise of the options you tender are not divisible by five, you will receive the next highest whole number of shares of restricted stock. If you tender less than all of your options, you will receive a proportionate number of shares of restricted stock. See Section 5. This offer will expire at 5:00 p.m., Austin, Texas time, on Wednesday, May 2, 2001, unless we extend this offer beyond that time ("expiration date"). This offer will be extended until the expiration of ten business days after the date of publication of notice if:
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Related to Number of Options; Expiration Date

  • Exercise Period Vesting Unless expired as provided in Section 3 of this Agreement, this Option may be exercised from time to time after the Date of Grant set forth above (the "DATE OF GRANT") to the extent the Option has vested in accordance with the vesting schedule set forth below. The Shares issued upon exercise of the Option will be subject to the restrictions on transfer set forth in Section 11 below. Provided Participant continues to provide Continuous Service to the Company or any Affiliate, the Option will become vested as follows: PERCENTAGE OF VESTING DATE VESTED SHARES ------------ ------------- % % %

  • Exercise Period of Option Subject to the terms and conditions of this Stock Option Agreement and the Plan, and unless otherwise modified in writing signed by the Company and Optionee, this Option may be exercised with respect to all of the Shares subject to this Option, but only according to the vesting schedule described in Section 9 below, prior to the date which is the last day of the Term set forth on the face hereof following the Grant Date (hereinafter "Expiration Date").

  • Options, Etc No person has the right (whether exerciseable now or in the future and whether contingent or not) to call for the issue of any share or loan capital of the Company under any option or other agreement (including conversion rights and rights of pre-emption) and no claim has been made by any person to be entitled to any such right.

  • Term of Option This Option may be exercised only within the term set out in the Notice of Grant, and may be exercised during such term only in accordance with the Plan and the terms of this Option Agreement.

  • Maximum Term of Option In no event may the Option be exercised, in whole or in part, after the tenth anniversary of the Option Date (the "Expiration Date").

  • Expiration Date Each Letter of Credit shall expire at or prior to the close of business on the earlier of (i) the date one year after the date of the issuance of such Letter of Credit (or, in the case of any renewal or extension thereof, one year after such renewal or extension) and (ii) the date that is five Business Days prior to the Maturity Date.

  • Term of Options Unless the Options terminate earlier pursuant to the provisions of this Agreement or the Plan, the Options shall expire on the seventh (7th) anniversary of the Grant Date (“Option Expiration Date”).

  • Date of Grant; Term of Option This Option is granted as of , 2005 (the “Date of Grant”), and it may not be exercised than later than the date that is ten (10) years after date of grant, subject to earlier termination, as provided in the Plan.

  • Expiration of Options Except as otherwise provided in Section 5 or 6 of the Management Stockholder's Agreement, the Options may not be exercised to any extent by the Optionee after the first to occur of the following events:

  • Expiration of Option The Option may not be exercised to any extent by anyone after the first to occur of the following events:

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