Schedule of Exercise Sample Clauses

Schedule of Exercise. This Option shall be immediately exercisable as of the Date of Grant for a period of not more that ten years thereafter, as noted herein.
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Schedule of Exercise. (a) Except as provided in Paragraphs 3(b) and (c) below, the Optionee shall have the right to exercise the Option granted under this Agreement as follows: (i) 25% of the Option Shares shall be eligible for exercise after VESTING_DATE~ and (ii) an additional 2.0833% of the Option Shares shall be eligible for exercise at the end of each month, for a period of 36 months, beginning MONTHLY~. (b) Notwithstanding any provisions to the contrary contained in this Agreement, the Optionee's right to exercise the Option granted under this Agreement shall vest immediately upon the occurrence of any of the following events: (i) the sale of the Company or substantially all of its assets to a single purchaser or to a group of associated purchasers; (ii) the sale, exchange, or other disposition, in one transaction, of two-thirds of the outstanding corporate shares of the Company; (iii) a bona fide decision by the Company's Board and shareholders to terminate its business, dissolve and liquidate its assets; or (iv) the merger or consolidation of the Company in a transaction in which the shareholders of the Company receive or hold less than 50% of the outstanding voting shares of the new or surviving corporation. (c) Notwithstanding any provisions to the contrary contained in this Agreement, the Optionee's right to exercise the Option granted under this Agreement shall vest immediately upon the occurrence of any of the following events: (i) the termination of the Optionee's employment with the Company due to the Optionee's death, or (ii) the termination of the Optionee's employment with the Company due to his permanent disability (physical or mental). (d) In the event of the successful completion of an initial public offering of the Company's common stock pursuant to the Securities Act of 1933, as amended, the Optionee's right to exercise the Option granted under this Agreement shall not vest immediately. Instead, the Optionee's right to exercise the Option granted under this Agreement shall vest at the times and in the amounts as otherwise provided in this Agreement.
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Schedule of Exercise. (a) Except as provided below in Paragraph 3(b), the Optionee shall have the right to exercise the option granted under this Agreement in accordance with the following schedule: Years After Date Percentage of Option of Grant of Option Shares Eligible for Purchase ------------------ ---------------------------- Less than one year. 0% At least one but less than two years. 25% At least two but less than three years. 50% At least three but less than four years. 75% After four years. 100% For purposes of the preceding schedule, the date of the grant of this option shall be the day and year stated in the first paragraph of this Agreement.
Sample 1
Schedule of Exercise. (a) Except as provided in Paragraphs 3(b) and (c) below, the Optionee shall have the right to exercise the Option granted under this Agreement as follows: (i) 25% of the Option Shares shall be eligible for exercise after VESTING_DATE~ and (ii) an additional 2.0833% of the Option Shares shall be eligible for exercise at the end of each month, for a period of 36 months,
Sample 1
Schedule of Exercise. (a) Except as provided in Paragraph 3(b) below, the Optionee shall have the right to exercise the Option granted under this Agreement as follows: (i) 25% of the Option Shares shall be eligible for exercise after VESTING~; and (ii) an additional 2.0833% of the Option Shares shall be eligible for exercise at the end of each month, for a period of 36 months, beginning MONTHLY~. (b) Notwithstanding any provisions to the contrary contained in this Agreement, the Optionee's right to exercise the Option granted under this Agreement shall vest immediately upon the occurrence of any of the following events: (i) a bona fide decision by the Company's Board and shareholders to terminate its business, dissolve and liquidate its assets; or (ii) the termination of the Optionee's employment with the Company due to the Optionee's death or permanent disability (physical or mental).
Sample 1
Schedule of Exercise. (a) Except as provided in Paragraph 3(b) below, the Optionee shall have the right to exercise the Option granted under this Agreement as follows: (i) 25% of the Option Shares shall be eligible for exercise after VESTING_DATE~; and (ii) an additional 2.0833% of the Option Shares shall be eligible for exercise at the end of each month, for a period of 36 months, beginning MONTHLY~. (b) Notwithstanding any provisions to the contrary contained in this Agreement, the Optionee's right to exercise the Option granted under this Agreement shall vest immediately upon the occurrence of any of the following events: (i) a bona fide decision by the Company's Board and shareholders to terminate its business, dissolve and liquidate its assets; or (ii) the termination of the Optionee's employment with the Company due to the Optionee's death or permanent disability (physical or mental). Optionee hereby agrees and acknowledges that the merger of the Company with and into Cisco pursuant to the terms of the December 1997 Merger Agreement between the parties shall not be deemed to constitute such a termination, dissolution or liquidation of the Company and that this Option shall not vest or otherwise accelerate by reason of such merger.
Sample 1
Schedule of Exercise. Subject to the terms and conditions of this Option and the Plan, 50,000 of the Shares covered by this Option shall become exercisable on October 20, 2006 and the remaining 150,000 of the shares covered by this Option shall become exercisable ratably, rounded to the nearest whole Share, at the end of each 3-month period following October 20, 2006, such that all of the Shares subject to this option shall be exercisable on and as of the fourth annual anniversary of the Date of Option Grant. This schedule refers to the earliest times on which this Option may be exercised with respect to the specified number of Shares, and this Option may be exercised with respect to all or any part of such Shares at any time (prior to the Expiration Date or earlier termination of this Option) on or after such dates. No accrual of exercise rights shall be calculated for any partial 3-month period.
Sample 1
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Related to Schedule of Exercise

  • Form of Exercise Each election to exercise this option shall be in writing, signed by the Participant, and received by the Company at its principal office, accompanied by this agreement, and payment in full in the manner provided in the Plan. The Participant may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share.

  • NOTICE OF EXERCISE Notwithstanding anything to the contrary in the Equity Definitions or under “Automatic Exercise” above, in order to exercise any Options, Counterparty (or the Trustee under the Indenture or any other agent authorized by the Counterparty) must notify Dealer in writing (which, for the avoidance of doubt, may be by email) before 5:00 p.m. (New York City time) on the Scheduled Valid Day immediately preceding the scheduled first day of the Settlement Averaging Period for the Options being exercised (the “Notice Deadline”) of (i) the number of such Options, (ii) the scheduled first day of the Settlement Averaging Period and the scheduled Settlement Date, (iii) the Relevant Settlement Method for such Options, and (iv) if Counterparty has elected a Cash Percentage for the related Convertible Notes, such Cash Percentage; provided that in respect of any Options relating to Convertible Notes with a Conversion Date occurring on or after the Free Convertibility Date, (A) such notice may be given on or prior to the Scheduled Valid Day immediately preceding the Expiration Date and need only specify the information required in clause (i) above, and (B) if the Relevant Settlement Method for such Options is (x) Cash Settlement or (y) Combination Settlement, Dealer shall have received a separate notice (the “Notice of Final Settlement Method”) in respect of all such Convertible Notes before 5:00 p.m. (New York City time) on the Free Convertibility Date specifying the information required in clauses (iii) and (iv) above. Notwithstanding the foregoing, other than in respect of any Options relating to Convertible Notes with a Conversion Date occurring on or after the Free Convertibility Date, such notice (and the related exercise of Options) shall be effective if given after the applicable Notice Deadline specified above but prior to 5:00 P.M., New York City time, on the fifth Scheduled Valid Day following such Notice Deadline, in which event the Calculation Agent shall have the right to adjust the Dealer’s delivery obligation hereunder, with respect to such exercise of Options, as appropriate to reflect the additional actual out-of-pocket costs (including, but not limited to, commercially reasonable losses actually incurred as a result of hedging mismatches and actual market losses) and reasonable and documented out-of-pocket expenses actually incurred by Dealer or any of its affiliates in connection with its commercially reasonable hedging activities (including the unwinding of any commercially reasonable hedge position) as a result of it not having received such notice prior to such Notice Deadline. Counterparty acknowledges its responsibilities under applicable securities laws, and in particular Section 9 and Section 10(b) of the Exchange Act (as defined below) and the rules and regulations thereunder, in respect of any election of a settlement method with respect to the Convertible Notes.

  • Form of Exercise Notice To: XXXX Xxx Sheung (the “Transferor”) From: XXX Xxxxxxxx 郝建明 (the “Transferee”) We refer to the Share Transfer Agreement (the “Share Transfer Agreement”) dated April 26, 2010 made between the Transferee and the Company. Terms defined in the Share Transfer Agreement shall have the same meanings as used herein. We hereby give you notice that we require you to sell to us / [Nominees’ names] in accordance with the terms and conditions of the Share Transfer Agreement, the following Option Shares at the Exercise Price set out below, subject to the terms and conditions set out in the Share Transfer Agreement Completion shall take place at [ ] on [ ] at the office of [ ]: Dated this day of , 20 Yours faithfully ___________________________ Name: Title: For & on behalf of Transferee Part II

  • Form of Exercise Price The Holder intends that payment of the Exercise Price shall be made as (check one): ☐ a cash exercise with respect to _________________ Warrant Shares; or ☐ by cashless exercise pursuant to the Warrant.

  • Time of Exercise The purchase rights represented by this Warrant may be exercised in whole or in part during the Term.

  • Dates of Exercise This option shall become exercisable for the Option Shares in one or more installments as specified in the Grant Notice. As the option becomes exercisable for such installments, those installments shall accumulate, and the option shall remain exercisable for the accumulated installments until the Expiration Date or sooner termination of the option term under Paragraph 5 or 6.

  • Notice of Exercise of Option This Option may be exercised by the ---------------------------- Optionee, or by the Optionee's administrators, executors or personal representatives, by a written notice (in substantially the form of the Notice of Exercise attached hereto as Schedule B) signed by the Optionee, or by such administrators, executors or personal representatives, and delivered or mailed to the Company as specified in Section 14 hereof to the attention of the President or such other officer as the Company may designate. Any such notice shall (a) specify the number of shares of Stock which the Optionee or the Optionee's administrators, executors or personal representatives, as the case may be, then elects to purchase hereunder, (b) contain such information as may be reasonably required pursuant to Section 12 hereof, and (c) be accompanied by (i) a certified or cashier's check payable to the Company in payment of the total Exercise Price applicable to such shares as provided herein, (ii) shares of Stock owned by the Optionee and duly endorsed or accompanied by stock transfer powers having a Fair Market Value equal to the total Exercise Price applicable to such shares purchased hereunder, or (iii) a certified or cashier's check accompanied by the number of shares of Stock whose Fair Market Value when added to the amount of the check equals the total Exercise Price applicable to such shares purchased hereunder. Upon receipt of any such notice and accompanying payment, and subject to the terms hereof, the Company agrees to issue to the Optionee or the Optionee's administrators, executors or personal representatives, as the case may be, stock certificates for the number of shares specified in such notice registered in the name of the person exercising this Option.

  • Mechanics of Exercise Subject to the terms and conditions hereof, the rights represented by this Warrant may be exercised in whole or in part at any time or times during the Exercise Period by delivery of a written notice, in the form attached hereto as Exhibit A (the “Exercise Notice”), of the Holder’s election to exercise this Warrant. The Holder shall not be required to deliver the original Warrant in order to effect an exercise hereunder. Partial exercises of this Warrant resulting in purchases of a portion of the total number of Warrant Shares available hereunder shall have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder in an amount equal to the applicable number of Warrant Shares purchased. On or before the second Trading Day (the “Warrant Share Delivery Date”) following the date on which the Holder sent the Exercise Notice to the Company or the Company’s transfer agent, and upon receipt by the Company of payment to the Company of an amount equal to the applicable Exercise Price multiplied by the number of Warrant Shares as to which all or a portion of this Warrant is being exercised (the “Aggregate Exercise Price” and together with the Exercise Notice, the “Exercise Delivery Documents”) in cash or by wire transfer of immediately available funds (or by cashless exercise, in which case there shall be no Aggregate Exercise Price provided), the Company shall (or direct its transfer agent to) issue and deliver by overnight courier to the address as specified in the Exercise Notice, a certificate, registered in the Company’s share register in the name of the Holder or its designee, for the number of shares of Common Stock to which the Holder is entitled pursuant to such exercise (or deliver such shares of Common Stock in electronic format if requested by the Holder). Upon delivery of the Exercise Delivery Documents, the Holder shall be deemed for all corporate purposes to have become the holder of record of the Warrant Shares with respect to which this Warrant has been exercised, irrespective of the date of delivery of the certificates evidencing such Warrant Shares. If this Warrant is submitted in connection with any exercise and the number of Warrant Shares represented by this Warrant submitted for exercise is greater than the number of Warrant Shares being acquired upon an exercise, then the Company shall as soon as practicable and in no event later than three business days after any exercise and at its own expense, issue a new Warrant (in accordance with Section 6) representing the right to purchase the number of Warrant Shares purchasable immediately prior to such exercise under this Warrant, less the number of Warrant Shares with respect to which this Warrant is exercised. If the Company fails to cause its transfer agent to issue to the Holder the respective shares of Common Stock by the respective Warrant Share Delivery Date, then the Holder will have the right to rescind such exercise in Holder’s sole discretion in addition to all other rights and remedies at law, under this Warrant, or otherwise, and such failure shall also be deemed an event of default under the Note, a material breach under this Warrant, and a material breach under the Purchase Agreement. If the Market Price of one share of Common Stock is greater than the Exercise Price, then the Holder may elect to receive Warrant Shares pursuant to a cashless exercise, in lieu of a cash exercise, equal to the value of this Warrant determined in the manner described below (or of any portion thereof remaining unexercised) by surrender of this Warrant and an Exercise Notice, in which event the Company shall issue to Holder a number of Common Stock computed using the following formula: Where X = the number of Shares to be issued to Holder. Y = the number of Warrant Shares that the Holder elects to purchase under this Warrant (at the date of such calculation). A = the Market Price (at the date of such calculation).

  • Notice of Exercise; Payment (a) To the extent then exercisable, the Option may be exercised in whole or in part by written notice to the Company stating the number of Option Shares for which the Option is being exercised and the intended manner of payment. The date of such notice shall be the exercise date. Payment equal to the aggregate Option Price of the Option Shares being purchased pursuant to an exercise of the Option must be tendered in full with the notice of exercise to the Company in one or a combination of the following methods as specified by the Optionee in the notice of exercise: (i) cash in the form of currency or check or by wire transfer as directed by the Company, (ii) solely following an IPO in Shares otherwise being traded on an established securities market, through the surrender to the Company of Shares owned by the Optionee for at least six months as valued at their Fair Market Value on the date of exercise, (iii) through net exercise, using Shares to be acquired upon exercise of the Option, such Shares being valued at their Fair Market Value (which for such purpose shall have the meaning set forth in the Stockholders Agreement) on the date of exercise, or (iv) through such other form of consideration as is deemed acceptable by the Board. (b) As soon as practicable upon the Company’s receipt of the Optionee’s notice of exercise and payment, the Company shall direct the due issuance of the Option Shares so purchased. (c) As a further condition precedent to the exercise of this Option in whole or in part, the Optionee shall comply with all regulations and the requirements of any regulatory authority having control of, or supervision over, the issuance of the shares of common stock and in connection therewith shall execute any documents which the Board shall in its sole discretion deem necessary or advisable.

  • Exercise Form In order to exercise this Purchase Warrant, the exercise form attached hereto must be duly executed and completed and delivered to the Company, together with this Purchase Warrant and payment of the Exercise Price for the Shares being purchased payable in cash by wire transfer of immediately available funds to an account designated by the Company or by certified check or official bank check. If the subscription rights represented hereby shall not be exercised at or before 5:00 p.m., Eastern time, on the Expiration Date, this Purchase Warrant shall become and be void without further force or effect, and all rights represented hereby shall cease and expire.

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