Term of Exercisability Sample Clauses

Term of Exercisability. Each right to purchase Common Stock hereunder shall expire on the sixth (6th) anniversary of the Effective Date.
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Term of Exercisability. Once all or a part of the option becomes exercisable (i.e. vested), it shall remain exercisable until the earliest of: The one-year anniversary of your termination of employment due to death, Disability or Retirement The date of your termination of employment for any reason other than death, Disability or Retirement, or termination by the Company without Cause the date that is sixty (60) days following the date of your termination of employment by the Company without Cause or, if within two years of a Change in Control, your resignation for Good Reason The date that is [ten (10)] years from the date of grant Other: _______________________________________________________________________________________ Transferability: You may transfer the option pursuant only by will or by the laws of descent and distribution. This Agreement is subject to the terms and conditions of the Plan. You have received a copy of the Plan’s prospectus that includes a copy of the Plan. By signing this Agreement, you agree to the terms of the Plan and this Agreement, which may be amended only upon a written agreement signed by the Company and you. This ____ day of __________, 2_______. AGL RESOURCES INC. RECIPIENT:
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Term of Exercisability. Once all or a part of the option becomes exercisable, it shall remain exercisable until the earliest of: ____ The one-year anniversary of the Participant’s termination of employment due to death, disability or retirement (as defined in the Plan) ____ The date of the Participant’s termination of employment for any reason other than death, disability or retirement (as defined in the Plan) ____ The date that is [ ] years from the date of grant ____ Other:_________________________________________________________________ Transferability: The Participant: ____ may transfer the option pursuant only by will or by the laws of descent and distribution ____ may transfer the option in the following manner: _____________________________ This Option Agreement is subject to the terms and conditions of the Plan. The Participant has received a copy of the Plan’s prospectus, including a copy of the Plan. The Participant agrees to the terms of this Option Agreement, which may be amended only upon a written agreement signed by the parties hereto. The Company will notify the Participant of the methods by which this option may be exercised. This _____day of ________, 2_______. AGL RESOURCES INC. PARTICIPANT: By: /s/ Mxxxxxx X. Xxxxx Mxxxxxx X. Xxxxx _______________________________ Senior Vice President AGL RESOURCES INC. OFFICER INCENTIVE PLAN NONQUALIFIED STOCK OPTION AGREEMENT This Agreement sets forth the terms of a Nonqualified Stock Option granted under the above-named Plan. Name of Participant:__________ ________________________ Date of Grant: ________________________________________ Number of Option Shares:________________________________ Exercise Price: $ _______________ per share (no less than the fair market value on date of grant)
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Term of Exercisability. (i) Each Option shall expire on the date shown at the end of this Agreement (the "Expiration Date"), as determined by the Board of Directors of the Company (the "Board"), which shall not be more than ten (10) years from the date of the granting thereof, subject to earlier termination as herein provided.
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Term of Exercisability. Once all or a part of the option becomes exercisable, it shall remain exercisable until the earliest of: ___ The one-year anniversary of the Participant’s termination of employment due to death, disability or retirement (as defined in the Plan) ___ The date of the Participant’s termination of employment for any reason other than death, disability or retirement (as defined in the Plan) ___ The date that is _________ (up to 10) years from the date of grant ___ Other:___________________________________________________________ Transferability: The Participant: ___ may transfer the option pursuant only to the laws of descent and distribution ___ may transfer the option in the following manner: ________________________________________________ This Option Agreement is subject to the terms and conditions of the Plan. The Participant has received a copy of the Plan’s prospectus, including a copy of the Plan. The Participant agrees to the terms of this Option Agreement, which may be amended only upon a written agreement signed by the parties hereto. The Company will notify the Participant of the methods by which this option may be exercised. This ________ day of ____________________, 200_. AGL RESOURCES INC. PARTICIPANT: By: _____________________________________ _________________________________
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Related to Term of Exercisability

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

  • 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.

  • 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.

  • 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.

  • 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:

  • 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.

  • 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.

  • Extension of Exercise Period Notwithstanding any provisions of paragraphs (a), (b), (c) or (d) of this Section to the contrary, if exercise of the Option following termination of employment during the time period set forth in the applicable paragraph or sale during such period of the Shares acquired on exercise would violate any of the provisions of the federal securities laws (or any Company policy related thereto), the time period to exercise the Option shall be extended until the later of (i) forty-five (45) days after the date that the exercise of the Option or sale of the Shares acquired on exercise would not be a violation of the federal securities laws (or a related Company policy), or (ii) the end of the time period set forth in the applicable paragraph.

  • Exercisability of Option Unless otherwise provided in this Agreement or the Plan, this Option shall entitle the Participant to purchase, in whole at any time or in part from time to time, to the extent the Option is vested in accordance with the vesting schedule herein, the Shares subject to this Option, and each such right of purchase shall be cumulative and shall continue, unless sooner exercised or terminated as herein provided, during the remaining Option Period.

  • Option Exercisability The Option shall terminate immediately upon the Participant’s termination of Service to the extent that it is then unvested and shall be exercisable after the Participant’s termination of Service to the extent it is then vested only during the applicable time period as determined below and thereafter shall terminate.

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