Partial Exercise. This option may be exercised in part at any time and from time to time within the above limits, except that this option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock subject to this option and cash in lieu of a fractional share must be paid, in accordance with Paragraph 13(G) of the Plan, to permit the Optionee to exercise completely such final installment. Any fractional share with respect to which an installment of this option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option and shall be available for later purchase by the Optionee in accordance with the terms hereof.
Appears in 27 contracts
Samples: Severance Agreement (Meta Group Inc), Non Qualified Stock Option Agreement (Datawatch Corp), Non Qualified Stock Option Agreement (Datawatch Corp)
Partial Exercise. This option may be exercised in part at any time and from time to time within the above limits, except that this option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock subject to this option and cash in lieu of a fractional share must be paid, in accordance with Paragraph 13(G) of the Plan, to permit the Optionee Employee to exercise completely such final installment. Any fractional share with respect to which an installment of this option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option and shall be available for later purchase by the Optionee Employee in accordance with the terms hereof.
Appears in 13 contracts
Samples: Incentive Stock Option Agreement (Datawatch Corp), Qualified Stock Option Agreement (Seachange International Inc), Incentive Stock Option Agreement (Meta Group Inc)
Partial Exercise. This Exercise of this option up to the extent above stated may be exercised made in part at any time and from time to time within the above limits, except that this option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock subject to this option and a fractional share (or cash in lieu of a fractional share thereof) must be paid, in accordance with Paragraph 13(G) of the Plan, issued to permit the Optionee to exercise completely such final installment. Any fractional share with respect to which an installment of this option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option and shall be available for later purchase by the Optionee in accordance with the terms hereof.
Appears in 9 contracts
Samples: Qualified Stock Option Agreement (Eclipsys Corp), Non Qualified Stock Option Agreement (International Electronics Inc), Non Qualified Stock Option Agreement (Eclipsys Corp)
Partial Exercise. This Exercise of this option up to the extent vested as stated above may be exercised made in part at any time and from time to time within the above limits, except that this option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock subject to this option and a fractional share (or cash in lieu of a fractional share thereof) must be paid, in accordance with Paragraph 13(G) of the Plan, issued to permit the Optionee to exercise completely such final installment. Any fractional share with respect to which an installment of this option cannot be exercised because of the limitation contained in the preceding proceeding sentence shall remain subject to this option and shall be available for later purchase by the Optionee in accordance with the terms hereof.
Appears in 7 contracts
Samples: Non Qualified Stock Option Agreement (Vion Pharmaceuticals Inc), Non Qualified Stock Option Agreement (Vion Pharmaceuticals Inc), Non Qualified Stock Option Agreement (Vion Pharmaceuticals Inc)
Partial Exercise. This The Optionee may exercise this option may be exercised in part at any time and from time to time within the above limits, except that the Optionee may not exercise this option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock subject to this option and cash in lieu of a fractional share must be paid, in accordance with Paragraph 13(G) of the Plan, to permit the Optionee to exercise completely such final installment. Any fractional share with respect to which an installment of this option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option and shall be available for later purchase by the Optionee in accordance with the terms hereof.
Appears in 6 contracts
Samples: Non Qualified (Breakaway Solutions Inc), Non Qualified (Breakaway Solutions Inc), Non Qualified Stock Option Agreement (Breakaway Solutions Inc)
Partial Exercise. This option Exercise of this Option up to the extent above stated may be exercised made in part at any time and from time to time within the above limits, except that this option Option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock Option Shares subject to this option Option and a fractional share (or cash in lieu of a fractional share thereof) must be paid, in accordance with Paragraph 13(G) of the Plan, issued to permit the Optionee to exercise completely such final installment. Any fractional share with respect to which an installment of this option Option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option Option and shall be available for later purchase by the Optionee in accordance with the terms hereof.
Appears in 6 contracts
Samples: Option Agreement (Astea International Inc), Qualified Stock Option Agreement (Focus Enhancements Inc), Qualified Stock Option Agreement (Focus Enhancements Inc)
Partial Exercise. This Exercise of this option up to the extent above ---------------- stated may be exercised made in part at any time and from time to time within the above limits, except that this option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock subject to this option and a fractional share (or cash in lieu of a fractional share thereof) must be paid, in accordance with Paragraph 13(G) of the Plan, issued to permit the Optionee to exercise completely such final installment. Any fractional share with respect to which an installment of this option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option and shall be available for later purchase by the Optionee in accordance with the terms hereof.
Appears in 5 contracts
Samples: Non Qualified Stock Option Agreement (Perseptive Biosystems Inc), Non Qualified Stock Option Agreement (Perseptive Biosystems Inc), Incentive Stock Option Agreement (Onewave Inc)
Partial Exercise. This option may be exercised in part at any time and from time to time within the above limits, except that this option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock subject to this option and cash in lieu of a fractional share must be paid, in accordance with Paragraph 13(G3(d) of the Plan, to permit the Optionee Employee to exercise completely such final installment. Any fractional share with respect to which an installment of this option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option and shall be available for later purchase by the Optionee Employee in accordance with the terms hereof.
Appears in 5 contracts
Samples: Incentive Stock Option Agreement, Incentive Stock Option Agreement (Seachange International Inc), Qualified Stock Option Agreement (Seachange International Inc)
Partial Exercise. This option may be exercised in part at any time and from time to time within the above limits, except that this option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock subject to this option and cash in lieu of a fractional share must be paid, in accordance with Paragraph 13(G) of the Plan, to permit the Optionee to exercise completely such final installment. Any fractional share with respect to which an installment of this option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option and shall be available for later purchase by the Optionee in accordance with the terms hereof.
Appears in 5 contracts
Samples: Qualified Stock Option Agreement (Soapstone Networks Inc.), Qualified Stock Option Agreement (Avici Systems Inc), Qualified Stock Option Agreement (Parexel International Corp)
Partial Exercise. This option may be exercised in part at any time and from time to time within the above limits, except that this option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock subject to this option and cash in lieu of a fractional share must be paid, in accordance with Paragraph 13(G) of the Plan, paid to permit the Optionee Employee to exercise completely such final installment. Any fractional share with respect to which an installment of this option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option and shall be available for later purchase by the Optionee Employee in accordance with the terms hereof.
Appears in 4 contracts
Samples: Non Qualified Stock Option Agreement for Employees (Southwall Technologies Inc /De/), Non Qualified Stock Option Agreement for Employees (Southwall Technologies Inc /De/), Incentive Stock Option Agreement (Soapstone Networks Inc.)
Partial Exercise. This Exercise of this option up to the extent above stated may be exercised made in part at any time and from time to time within the above limits, except that this option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock subject to this option and a fractional share (or cash in lieu of a fractional share thereof) must be paid, in accordance with Paragraph 13(G) of the Plan, issued to permit the Optionee Employee to exercise completely such final installment. Any fractional share with respect to which an installment of this option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option and shall be available for later purchase by the Optionee Employee in accordance with the terms hereof.
Appears in 4 contracts
Samples: Incentive Stock Option Agreement for Employees (International Electronics Inc), Incentive Stock Option Agreement (Endogen Inc), Incentive Stock Option Agreement (Swenson Kurt M)
Partial Exercise. This option may be exercised in part at any time and from time to time within the above limits, except that this option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock subject to this option and cash in lieu of a fractional share must be paid, in accordance with Paragraph 13(G) 10 of the Plan, to permit the Optionee to exercise completely such final installment. Any fractional share with respect to which an installment of this option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option and shall be available for later purchase by the Optionee in accordance with the terms hereof.
Appears in 4 contracts
Samples: www.sec.gov, Qualified Stock Option Agreement (Lionbridge Technologies Inc /De/), Non Qualified Stock Option Agreement (Lionbridge Technologies Inc /De/)
Partial Exercise. This option Exercise of this Option up to the extent above stated may be exercised made in part at any time and from time to time within the above limits, except that this option Option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock subject to this option Option and a fractional share (or cash in lieu of a fractional share thereof) must be paid, in accordance with Paragraph 13(G) of the Plan, issued to permit the Optionee to exercise completely such final installment. Any fractional share with respect to which an installment of this option Option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option Option and shall be available for later purchase by the Optionee in accordance with the terms hereof.
Appears in 4 contracts
Samples: Qualified Stock Option Agreement (Dynagen Inc), Stock Option Agreement (Tanknology Nde International Inc), Software Developers Co Inc/De/
Partial Exercise. This option Exercise of this Option up to the extent above ---------------- stated may be exercised made in part at any time and from time to time within the above limits, except that this option Option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock Option Shares subject to this option Option and a fractional share (or cash in lieu of a fractional share thereof) must be paid, in accordance with Paragraph 13(G) of the Plan, issued to permit the Optionee to exercise completely such final installment. Any fractional share with respect to which an installment of this option Option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option Option and shall be available for later purchase by the Optionee in accordance with the terms hereof.
Appears in 3 contracts
Samples: Non Qualified Stock Option Agreement (Astea International Inc), Non Qualified Stock Option Agreement (Astea International Inc), Non Qualified Stock Option Agreement (Astea International Inc)
Partial Exercise. This option may be exercised in part at any time and from time to time within the above limits, except that this option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock subject to this option and cash in lieu of a fractional share must be paid, in accordance with Paragraph 13(G) 10 of the Plan, to permit the Non-Employee Director Optionee to exercise completely such final installment. Any fractional share with respect to which an installment of this option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option and shall be available for later purchase by the Non-Employee Director Optionee in accordance with the terms hereof.
Appears in 3 contracts
Samples: Qualified Stock Option Agreement (Lionbridge Technologies Inc /De/), Qualified Stock Option Agreement (Lionbridge Technologies Inc /De/), Non Qualified Stock Option Agreement (Lionbridge Technologies Inc /De/)
Partial Exercise. This option may be exercised in part at any time and from time to time within the above limits, except that this option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock subject to this option and cash in lieu of a fractional share must be paid, in accordance with Paragraph 13(G) of the Plan, paid to permit the Optionee to exercise completely such final installment. Any fractional share with respect to which an installment of this option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option and shall be available for later purchase by the Optionee in accordance with the terms hereof.
Appears in 2 contracts
Samples: Parexel International (Parexel International Corp), Qualified Stock Option Agreement (Versatility Inc)
Partial Exercise. This Exercise of this option may be exercised made in part at any time and from time to time within the above limitslimits set forth in Section 2, except that this option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock subject to this option and cash in lieu of a fractional share must be paid, in accordance with Paragraph 13(G) of the Plan, issued to permit the Optionee to exercise completely such final installment, in which case, the Optionee shall receive from the Company cash in lieu of any fractional share. Any fractional share with respect to which an installment of this option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option and shall be available for later purchase by the Optionee in accordance with the terms hereof.
Appears in 2 contracts
Samples: XVT Software (Peregrine Systems Inc), XVT Software (Peregrine Systems Inc)
Partial Exercise. This option may be exercised in part at any time and from time to time within the above limits, except that this option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock shares subject to this option and cash in lieu of a fractional share must be paid, in accordance with Paragraph 13(G) of the Plan, paid to permit the Optionee to exercise completely such final installment. Any fractional share with respect to which an installment of this option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option and shall be available for later purchase by the Optionee in accordance with the terms hereof.
Appears in 2 contracts
Samples: Qualified Share Option Agreement (Iona Technologies PLC), Qualified Share Option Agreement (Iona Technologies PLC)
Partial Exercise. This Exercise of this option up to the extent above stated ---------------- may be exercised made in part at any time and from time to time within the above limits, except that this option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock subject to this option and a fractional share (or cash in lieu of a fractional share thereof) must be paid, in accordance with Paragraph 13(G) of the Plan, issued to permit the Optionee to exercise completely such final installment. Any fractional share with respect to which an installment of this option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option and shall be available for later purchase by the Optionee in accordance with the terms hereof.
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (Matritech Inc/De/), Non Qualified Stock Option Agreement (Matritech Inc/De/)
Partial Exercise. This Exercise of this option up to the extent above stated may be exercised made in part at any time and from time to time within the above limits, except that this option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock subject to this option and a fractional share (or cash in lieu of a fractional share thereof) must be paid, in accordance with Paragraph 13(G) of the Plan, issued to permit the Optionee to exercise completely such final installment. Any fractional share with respect to which an installment of this option cannot be exercised because of the limitation contained in the preceding proceeding sentence shall remain subject to this option and shall be available for later purchase by the Optionee in accordance with the terms hereof.
Appears in 1 contract
Partial Exercise. This option Exercise of this Option up to the extent above stated ---------------- may be exercised made in part at any time and from time to time within the above limits, except that this option Option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock Option Shares subject to this option Option and a fractional share (or cash in lieu of a fractional share thereof) must be paid, in accordance with Paragraph 13(G) of the Plan, issued to permit the Optionee to exercise completely such final installment. Any fractional share with respect to which an installment of this option Option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option Option and shall be available for later purchase by the Optionee in accordance with the terms hereof.
Appears in 1 contract
Partial Exercise. This Exercise of this option may be exercised made in part at any time and from time to time within the above limitstime, except that this option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock subject to this option and a fractional share (or cash in lieu of a fractional share thereof) must be paid, in accordance with Paragraph 13(G) of the Plan, issued to permit the Optionee to exercise completely such final installment. Any fractional share with respect to which an installment of this option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option and shall be available for later purchase by the Optionee in accordance with the terms hereof.
Appears in 1 contract
Samples: Executive Employment Agreement (First New England Dental Centers Inc)
Partial Exercise. This option may be exercised in part at any time and from time to time within the above limits, except that this option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock subject to this option and cash in lieu of a fractional share must be paid, in accordance with Paragraph 13(G) 13G of the Plan, to permit the Optionee to exercise completely such final installment. Any fractional share with respect to which an installment of this option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option and shall be available for later purchase by the Optionee in accordance with the terms hereof.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Equallogic Inc)
Partial Exercise. This Exercise of this option up to the extent above ---------------- stated may be exercised made in part at any time and from time to time within the above limits, except that this option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock subject to this option and a fractional share (or cash in lieu of a fractional share thereof) must be paid, in accordance with Paragraph 13(G) of the Plan, issued to permit the Optionee to exercise completely such final installment. Any fractional share with respect to which an installment of this option cannot be exercised exercise because of the limitation contained in the preceding sentence shall remain subject to this option and shall be available for later purchase by the Optionee in accordance with the terms hereof.
Appears in 1 contract
Samples: Candela Corp /De/
Partial Exercise. This Exercise of this option up to the extent above stated may be exercised made in part at any time and from time to time-to-time within the above limits, except that this option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock subject to this option and a fractional share (or cash in lieu of a fractional share thereof) must be paid, in accordance with Paragraph 13(G) of the Plan, issued to permit the Optionee to exercise completely such final installment. Any fractional share with respect to which an installment of this option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option and shall be available for later purchase by the Optionee in accordance with the terms hereof.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Biomune Systems Inc)
Partial Exercise. This Exercise of this option up to the extent above stated ---------------- may be exercised made in part past at any time rime and from time to too time within the above limits, except that this option may not nor be exercised for a fraction of a share share: unless such exercise is with respect to the final installment of stock subject to this option and cash in lieu of a fractional share (or cash in lien thereof) must be paid, in accordance with Paragraph 13(G) of the Plan, issued to permit the Optionee to exercise completely such final installment. Any fractional share with respect to which an installment of this option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option and shall be available for later purchase by the Optionee in accordance with the terms hereof.
Appears in 1 contract
Samples: Divine Inc
Partial Exercise. This option may be exercised in part at any time and from time to time within the above limits, except that this option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock subject to this option and cash in lieu of a fractional share must be paid, in accordance with Paragraph 13(G) 10 of the Plan, to permit the Optionee Employee to exercise completely such final installment. Any fractional share with respect to which an installment of this option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option and shall be available for later purchase by the Optionee Employee in accordance with the terms hereof.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Lionbridge Technologies Inc /De/)
Partial Exercise. This option may be exercised in part at any ---------------- time and from time to time within the above limits, except that this option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock subject to this option and cash in lieu of a fractional share must be paid, in accordance with Paragraph 13(G) of the Plan, to permit the Optionee Employee to exercise completely such final installment. Any fractional share with respect to which an installment of this option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option and shall be available for later purchase by the Optionee Employee in accordance with the terms hereof.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Excel Switching Corp)
Partial Exercise. This option may be exercised in part at any time and from time to time within the above limits, except that this option may not be exercised for a fraction of a share unless umless such exercise is with respect to the final installment of stock subject to this option and cash in lieu of a fractional share must be paid, in accordance with Paragraph 13(G) 13G of the Plan, to permit the Optionee Employee to exercise completely such final installment. Any fractional share with respect to which an installment of this option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option and shall be available for later purchase by the Optionee Employee in accordance with the terms hereof.
Appears in 1 contract
Partial Exercise. This Exercise of this option may be exercised made in whole or in ---------------- part at any time and from time to time within the above limitslimitations provided herein, except that this option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock subject to this option and a fractional share (or cash in lieu of a fractional share thereof) must be paid, in accordance with Paragraph 13(G) of the Plan, issued to permit the Optionee to exercise completely such final installment. Any fractional share with respect to which an installment of this option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option and shall be available for later purchase by the Optionee in accordance with the terms hereof.
Appears in 1 contract
Samples: Excel Inc
Partial Exercise. This option may be exercised in part at any time and from time to time within the above limits, except that this option may not be exercised for a fraction of a share share, unless such exercise is with respect to the final installment of stock subject to this option and cash in lieu of a fractional share must be paid, in accordance with Paragraph 13(G) of the Plan, to permit the Optionee to exercise completely such final installment. Any fractional share with respect to which an installment of this option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option and shall be available for later purchase by the Optionee in accordance with the terms hereof.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Soapstone Networks Inc.)
Partial Exercise. This option may be exercised in part at any time ---------------- and from time to time within the above limits, except that this option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock subject to this option and cash in lieu of a fractional share must be paid, in accordance with Paragraph 13(G) of the Plan, to permit the Optionee to exercise completely such final installment. Any fractional share with respect to which an installment of this option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option and shall be available for later purchase by the Optionee in accordance with the terms hereof.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Excel Switching Corp)
Partial Exercise. This option may be exercised in part at any time and ---------------- from time to time within the above limits, except that this option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock subject to this option and cash in lieu of a fractional share must be paid, in accordance with Paragraph 13(G) of the Plan, to permit the Optionee to exercise completely such final installment. Any fractional share with respect to which an installment of this option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option and shall be available for later purchase by the Optionee in accordance with the terms hereof.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Cabletron Systems Inc)
Partial Exercise. This Exercise of this option up to the extent above ---------------- stated may be exercised made in part at any time and from time to time within the above limitslimits and within any limits established by the Plan, except that this option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock subject to this option and a fractional share (or cash in lieu of a fractional share thereof) must be paid, in accordance with Paragraph 13(G) of the Plan, issued to permit the Optionee to exercise completely such final installment. Any fractional share with respect to which an installment of this option Option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option Option and shall be available for later purchase by the Optionee in accordance with the terms hereof.
Appears in 1 contract
Partial Exercise. This option may be exercised in part at any time and from time to time within the above limitstime, except that this option may not be exercised for a fraction of a share of Common Stock unless such exercise is with respect to the final installment of stock Common Stock subject to this option and cash in lieu of a fractional share must be paid, in accordance with Paragraph 13(G) of the Plan, paid to permit the Optionee to exercise completely such final installment. Any fractional share with respect to which an installment of this option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option and shall be available for later purchase by the Optionee in accordance with the terms hereofof this Agreement.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Avicena Group, Inc.)
Partial Exercise. This Exercise of this option up to the extent above stated may be exercised made in part at any time and from time to time within the above limitslimits and within any limits established by the Plan, except that this option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock subject to this option and a fractional share (or cash in lieu of a fractional share thereof) must be paid, in accordance with Paragraph 13(G) of the Plan, issued to permit the Optionee to exercise completely such final installment. Any fractional share with respect to which an installment of this option Option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option Option and shall be available for later purchase by the Optionee in accordance with the terms hereof.
Appears in 1 contract
Partial Exercise. This Exercise of this option up to the extent above stated may be exercised made in part at any time and from time to time within the above limits, except that this option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock subject to this option and a fractional share (or cash in lieu of a fractional share thereof) must be paid, in accordance with Paragraph 13(G) of the Plan, issued to permit the Optionee Employee to exercise completely such final installment. Any fractional share with respect to which an installment of this option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option and shall be available for later purchase by the Optionee Employee in accordance with the terms hereofthereof.
Appears in 1 contract
Partial Exercise. This The exercise of this option up to the extent above-stated may be exercised made in part at any time and from time to time-to-time within the above limits, except that this option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock subject to this option and a fractional share (or cash in lieu of a fractional share thereof) must be paid, in accordance with Paragraph 13(G) of the Plan, issued to permit the Optionee to exercise completely such final installment. Any fractional share with respect to which an installment of this option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option and shall be available for later purchase by the Optionee in accordance with the terms hereof.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Biomune Systems Inc)
Partial Exercise. This option may be exercised in part at any time and from time to time within the above limits, except that this option Option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock subject to this option Option and cash in lieu of a fractional share must be paid, in accordance with Paragraph 13(G) of the Plan, to permit the Optionee to exercise completely such final installment. Any fractional share with respect to which an installment of this option Option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option Option and shall be available for later purchase by the Optionee in accordance with the terms hereof. 5 7.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Molecular Simulations Inc)
Partial Exercise. This option may be exercised in part at any ---------------- time and from time to time within the above limits, except that this option may not be exercised for a fraction of a share unless such exercise is with respect to the final installment of stock subject to this option and cash in lieu of a fractional share must be paid, in accordance with Paragraph 13(G) of the Plan, to permit the Optionee to exercise completely such final installment. Any fractional share with respect to which an installment of this option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option and shall be available for later purchase by the Optionee in accordance with the terms hereof.
Appears in 1 contract
