Common use of TERM OF OPTION AND EXERCISE OF OPTION Clause in Contracts

TERM OF OPTION AND EXERCISE OF OPTION. To the extent the option has become exercisable (vested) during the periods indicated in the Notice of Grant and has not been previously exercised, and subject to termination or acceleration as provided in this Agreement and the requirements of this Agreement, the Notice of Grant and the 2006 Plan, you may exercise the option to purchase up to the number of shares of the Common Stock set forth in the Notice of Grant. Notwithstanding anything to the contrary in Section 6 or Sections 8 through 10 hereof, no part of the option may be exercised after ten (10) years from the date of grant. The process for exercising the option (or any part thereof) is governed by this Agreement, the Notice of Grant, the 2006 Plan and your agreements with Intel's stock plan administrator. Exercises of stock options will be processed as soon as practicable. The option price may be paid (a) in cash, (b) by arrangement with Intel's stock plan administrator which is acceptable to Intel where payment of the option price is made pursuant to an irrevocable direction to the broker to deliver all or part of the proceeds from the sale of the shares of the Common Stock issuable under the option to Intel, (c) by delivery of any other lawful consideration approved in advance by the Committee of the Board of Directors of Intel established pursuant to the 2006 Plan (the "Committee") or its delegate, or (d) in any combination of the foregoing. Fractional shares may not be exercised. Shares of the Common Stock will be issued as soon as practicable. You will have the rights of a stockholder only after the shares of the Common Stock have been issued. For administrative or other reasons, Intel may from time to time suspend the ability of employees to exercise options for limited periods of time. Notwithstanding the above, Intel shall not be obligated to deliver any shares of the Common Stock if such delivery is prohibited by the laws of the United States or your country of residence or employment. If such delivery is prohibited at the time that all or part of the option is exercised, then such exercise may be made only in accordance with Intel's "cashless exercise" procedure, to the extent permitted under the laws of the United States and your country of residence or employment. Notwithstanding anything to the contrary in this Agreement or the applicable Notice of Grant, Intel may reduce your unvested options if you change classification from a full- time employee to a part-time employee.

Appears in 3 contracts

Samples: Kaisha Nonqualified Stock Option Agreement (Intel Corp), Nonqualified Stock Option Agreement (Intel Corp), Nonqualified Stock Option Agreement (Intel Corp)

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TERM OF OPTION AND EXERCISE OF OPTION. 1. To the extent the option has become exercisable (vested) during the periods indicated in the Notice of Grant and has not been previously exercised, and subject to termination or acceleration as provided in this Agreement and the requirements of this Agreement, the Notice of Grant and the 2006 2004 Plan, you may exercise the option to purchase up to the number of shares of the Common Stock set forth in the Notice of Grant. Notwithstanding anything to the contrary in Section 6 or Sections 8 through 10 hereof, no part of the option may be exercised after ten (10) years from the date of grant. The process for exercising the option (or any part thereof) is governed by this Agreement, the Notice of Grant, the 2006 2004 Plan and your agreements with Intel's ’s stock plan administrator. Exercises of stock options will be processed as soon as practicable. The option price may be paid (a) in cash, (b) by arrangement with Intel's ’s stock plan administrator which is acceptable to Intel where payment of the option price is made pursuant to an irrevocable direction to the broker to deliver all or part of the proceeds from the sale of the shares of the Common Stock issuable under the option to Intel, (c) by delivery of any other lawful consideration approved in advance by the Committee of the Board of Directors of Intel established pursuant to the 2006 2004 Plan (the "Committee") or its delegate, or (d) in any combination of the foregoing. Fractional shares may not be exercised. Shares of the Common Stock will be issued as soon as practicable. You will have the rights of a stockholder only after the shares of the Common Stock have been issued. For administrative or other reasons, Intel may from time to time suspend the ability of employees to exercise options for limited periods of time. Notwithstanding the above, Intel shall not be obligated to deliver any shares of the Common Stock if such delivery is prohibited by the laws of the United States or your country of residence or employment. If such delivery is prohibited at the time that all or part of the option is exercised, then such exercise may be made only in accordance with Intel's "’s “cashless exercise" procedure, to the extent permitted under the laws of the United States and your country of residence or employment. Notwithstanding anything to the contrary in this Agreement or the applicable Notice of Grant, Intel may reduce your unvested options if you change classification from a full- full-time employee to a part-time employee.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Intel Corp), Nonqualified Stock Option Agreement (Intel Corp)

TERM OF OPTION AND EXERCISE OF OPTION. This Option shall vest and become exercisable at the rate of % of the units underlying this Option each month following of the date of grant and shall be fully vested and exercisable ___months from the date of grant, subject to termination or acceleration as provided in this Agreement or the Plan. To the extent the option this Option has become exercisable (vested) during the periods indicated in the Notice of Grant vested and has not been previously exercised, and subject to termination or acceleration as provided in this Agreement and the requirements of this Agreement, the Notice of Grant Agreement and the 2006 Plan, you Participant may exercise the option this Option to purchase up to the number of shares of the Common Stock Units set forth in on the Notice of Grantsignature page below. Notwithstanding anything to the any contrary in Section 6 or Sections 8 through 10 hereofprovision of this Agreement, no part of the option this Option may be exercised after ten (10) years from the date of grant. The process procedure for exercising the option this Option (or any part thereof) is governed by this AgreementAgreement and the Plan. Except as otherwise provided in the preceding paragraph, this Option may be exercised, and Common Units will be issued and delivered pursuant to such exercise, only on the Notice dates determined by Rio Vista, not more often than once each calendar quarter (each such date, a “Quarterly Exercise Date”), unless otherwise determined by the Committee. The Quarterly Exercise Dates shall be determined annually by the Committee in consultation with the Chief Financial Officer of Grantthe General Partner, subject to change as a result of applicable accounting and securities law requirements. The Chief Financial Officer shall notify Participant of such Quarterly Exercise Dates upon request. Subject to the 2006 Plan foregoing, this Option shall be exercised by delivering to the Chief Financial Officer at his or her principal office a written notice in the form attached as Exhibit A stating the number of units as to which this Option is exercised and your agreements with Intel's stock plan administratorthe Quarterly Exercise Date upon which such exercise is desired to be effective. The written notice must be accompanied by payment of the full option price for such units. Exercises of stock unit options for each Quarterly Exercise Date will be processed as soon as practicable. The option price may be paid paid: (a) in cash, ; (b) by arrangement with Intel's stock plan administrator which is acceptable to Intel Rio Vista where payment of the option price is made pursuant to an irrevocable direction to the broker to deliver all or part of the proceeds from the sale of the shares Common Units issuable under this Option to Rio Vista; (c) by cancellation of a portion of this Option (a “Net Exercise”), with the value of the canceled portion deemed to be equal to the number of Common Stock issuable under Units subject to such canceled portion multiplied by an amount equal to the option to Intelpositive difference between the market value per unit on the applicable Quarterly Exercise Date and the exercise price per unit, as set forth in Section 4A below; (cd) by delivery of any other lawful consideration approved in advance by the Committee of the Board of Directors of Intel established pursuant to the 2006 Plan (the "Committee") or its delegate, ; or (de) in any combination of the foregoing. Fractional shares units may not be exercised. Shares of the The Common Stock Units will be issued as soon as practicablepracticable after the relevant Quarterly Exercise Date. You Participant will have the rights of a stockholder unitholder only after the shares of the Common Stock Units have been issuedissued to Participant. For administrative or other reasons, Intel Rio Vista may from time to time suspend the ability of Managers, employees and consultants to exercise options for limited periods of time. If any vested portion of this Option remains unexercised at the time of the termination or expiration of this Option and Participant wishes to exercise such vested portion, Participant must so notify the Chief Financial Officer in writing before such termination or expiration date. The Committee, in its sole discretion, may either permit such exercise before the next Quarterly Exercise Date following such termination or expiration (provided that no Common Units will be issued before the next Quarterly Exercise Date) or extend the term of this Option until such Quarterly Exercise Date. No such extension shall have the effect of increasing the number of units vested under this Option. Notwithstanding the above, Intel Rio Vista shall not be obligated to deliver any shares Common Units during any period when Rio Vista determines that the exercise of the Common Stock if such delivery is prohibited by the laws of the United States or your country of residence or employment. If such delivery is prohibited at the time that all or part of the option is exercised, then such exercise may be made only in accordance with Intel's "cashless exercise" procedure, to the extent permitted under the laws of the United States and your country of residence or employment. Notwithstanding anything to the contrary in this Agreement Option or the delivery of units hereunder would violate any federal, state or other applicable Notice of Grant, Intel may reduce your unvested options if you change classification from a full- time employee to a part-time employeelaws.

Appears in 2 contracts

Samples: Nonqualified Unit Option Agreement (Rio Vista Energy Partners Lp), Nonqualified Unit Option Agreement (Penn Octane Corp)

TERM OF OPTION AND EXERCISE OF OPTION. To the extent the option has become exercisable (vested) during the periods indicated in the Notice of Grant and has not been previously exercised, and subject to termination or acceleration as provided in this Agreement and the requirements of this Agreement, the Notice of Grant and the 2006 Plan, you may exercise the option to purchase up to the number of shares of the Common Stock set forth in the Notice of Grant. Notwithstanding anything to the contrary in Section 6 or Sections 8 through 10 11 hereof, no part of the option may be exercised after ten seven (107) years from the date of grant. The process for exercising the option (or any part thereof) is governed by this Agreement, the Notice of Grant, the 2006 Plan and your agreements with Intel's stock plan administrator. Exercises of stock options will be processed as soon as practicable. The option price may be paid (a) in cash, (b) by arrangement with Intel's stock plan administrator which is acceptable to Intel where payment of the option price is made pursuant to an irrevocable direction to the broker to deliver all or part of the proceeds from the sale of the shares of the Common Stock issuable under the option to Intel, (c) by delivery of any other lawful consideration approved in advance by the Committee of the Board of Directors of Intel established pursuant to the 2006 Plan (the "Committee") or its delegate, or (d) in any combination of the foregoing. Fractional shares may not be exercised. Shares of the Common Stock will be issued as soon as practicable. You will have the rights of a stockholder only after the shares of the Common Stock have been issued. For administrative or other reasons, Intel may from time to time suspend the ability of employees to exercise options for limited periods of time. Notwithstanding the above, Intel shall not be obligated to deliver any shares of the Common Stock if such delivery is prohibited by the laws of the United States or your country of residence or employment. If such delivery is prohibited at the time that all or part of the option is exercised, then such exercise may be made only in accordance with Intel's "cashless exercise" procedure, to the extent permitted under the laws of the United States and your country of residence or employment. Notwithstanding anything to the contrary in this Agreement or the applicable Notice of Grant, Intel may reduce your unvested options if you change classification from a full- time employee to a part-time employee.

Appears in 1 contract

Samples: Kaisha Nonqualified Stock Option Agreement (Intel Corp)

TERM OF OPTION AND EXERCISE OF OPTION. To the extent the option has become becomes vested and exercisable (vested) during pursuant to the periods indicated terms set forth in the Notice of Grant this Agreement and has not been previously exercised, and subject to termination or acceleration as provided in this Agreement and the requirements of set forth in this Agreement, the Notice of Grant and the 2006 2022 Plan, you may exercise the option to purchase up to the number of shares of the Common Stock set forth in the Notice of Grant. Notwithstanding anything to the contrary in Section Sections 6 or Sections 8 through 10 9 hereof, no part of the option Option may be exercised after ten (10) years from the date of grant. The process for exercising the option Option (or any part thereof) is governed by this Agreement, the Notice of Grant, the 2006 2022 Plan and your agreements with Intel's the Corporation’s stock plan administrator. Exercises of stock options will be processed and shares of the Common Stock will be issued as soon as practicable. The option price may be paid (a) in cash, (b) by arrangement with Intel's the Corporation’s stock plan administrator which is acceptable to Intel the Corporation where payment of the option price is made pursuant to an irrevocable direction to the broker to deliver all or part of the proceeds from the sale of the shares of the Common Stock issuable under the option to Intelthe Corporation, (c) by delivery of any other lawful consideration approved in advance by the Committee of the Board of Directors of Intel established pursuant to the 2006 2022 Plan (the "Committee") or its delegate, or (d) in any combination of the foregoing. Fractional shares may not be exercised. Shares of the Common Stock will be issued as soon as practicable. You will have the rights of a stockholder only after the shares of the Common Stock have been issued. For administrative or other reasons, Intel the Corporation may from time to time suspend the ability of employees service providers to exercise options for limited periods of time. Notwithstanding the above, Intel the Corporation shall not be obligated to deliver any shares of the Common Stock if such delivery is prohibited by during any period when the laws Corporation determines that the exercisability of the United States Option or your country the delivery of residence shares hereunder would violate any federal, state or employment. If such delivery is prohibited at the time that all or part of the option is exercised, then such exercise may be made only in accordance with Intel's "cashless exercise" procedure, to the extent permitted under the laws of the United States and your country of residence or employmentother applicable laws. Notwithstanding anything to the contrary in this Agreement or the applicable Notice of Grant, Intel the Corporation may reduce the unvested portion of your unvested options Option if you change classification from a full- full-time employee to a part-time employee, or from a full-time employee to a Consultant or Outside Director. IF AN EXPIRATION DATE DESCRIBED HEREIN FALLS ON A WEEKDAY, YOU MUST EXERCISE YOUR OPTIONS BEFORE 3:45 P.M. NEW YORK TIME ON THE EXPIRATION DATE. IF AN EXPIRATION DATE DESCRIBED HEREIN FALLS ON A WEEKEND OR ANY OTHER DAY ON WHICH THE EXCHANGE IS NOT OPEN, YOU MUST EXERCISE YOUR OPTIONS BEFORE 3:45 P.M. NEW YORK TIME ON THE LAST EXCHANGE BUSINESS DAY PRIOR TO THE EXPIRATION DATE.

Appears in 1 contract

Samples: Option Agreement (Mobileye Global Inc.)

TERM OF OPTION AND EXERCISE OF OPTION. To the extent the option has become exercisable (vested) during the periods indicated in the Notice of Grant and has not been previously exercised, and subject to termination or acceleration as provided in this Agreement and the requirements of this Agreement, the Notice of Grant and the 2006 Plan, you may exercise the option to purchase up to the number of shares of the Common Stock set forth in the Notice of Grant. Notwithstanding anything to the contrary in Section 6 or Sections 8 through 10 11 hereof, no part of the option may be exercised after ten seven (107) years from the date of grant. The process for exercising the option (or any part thereof) is governed by this Agreement, the Notice of Grant, Grant and the 2006 Plan and by your agreements with Intel's stock plan administrator. Exercises of stock options will be processed as soon as practicable. The option price may be paid (a) in cash, (b) by arrangement with Intel's stock plan administrator which is acceptable to Intel where payment of the option price is made pursuant to an irrevocable direction to the broker to deliver all or part of the proceeds from the sale of the shares of the Common Stock issuable under the option to Intel, (c) by delivery of any other lawful consideration approved in advance by the Committee of the Board of Directors of Intel established pursuant to the 2006 Plan (the "Committee") or its delegate, or (d) in any combination of the foregoing. Fractional shares may not be exercised. Shares of the Common Stock will be issued as soon as practicable. You will have the rights of a stockholder only after the shares of the Common Stock have been issued. For administrative or other reasons, Intel may from time to time suspend the ability of employees to exercise options for limited periods of time. Notwithstanding the above, Intel shall not be obligated to deliver any shares of the Common Stock if such delivery is prohibited by the laws of the United States U.S. or your country of residence or employment. If such delivery is prohibited at the time that all or part of the option is exercised, then such exercise may be made only in accordance with Intel's "cashless exercise" procedure, to the extent permitted under the laws of the United States and your country of residence or employment. Notwithstanding anything to the contrary in this Agreement or the applicable Notice of Grant, Intel may reduce your unvested options if you change classification from a full- time employee to a part-time employee.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Intel Corp)

TERM OF OPTION AND EXERCISE OF OPTION. To Subject to the extent the option has become exercisable (vested) during the periods indicated in the Notice of Grant terms and has not been previously exercised, and subject to termination or acceleration as provided in this Agreement and the requirements conditions of this AgreementAcceptance Letter, the Notice of Grant and the 2006 Plan, you may exercise the option to purchase up to the number of shares of the Common Stock set forth in the Notice of Grant. Notwithstanding anything to the contrary in Section 6 or Sections 8 through 10 hereof, no part of the option may this Option can be exercised after by you during a period of ten (10) years from the Grant Date. Your first vesting date is 5/31/98, with 40,000 shares becoming vested on that date. 40,000 shares will vest every six months thereafter until the final vesting date of grant11/30/2001, at which point all shares will be vested, provided that you have remained a Company employee throughout such period or unless you and the Company have otherwise agreed in a writing singed by an authorized Company officer. The process Any portion of the Option that you do not exercise shall accumulate and can be exercised by you at any time prior to the exception of ten (10) years from the Grant Date. This Option may be exercised by delivering to the Assistant Secretary of the Company full payment for exercising an amount equal to the option (total Exercise Price of such shares being exercised and a written notice in a form substantially as attached hereto or any part thereof) is governed otherwise satisfactory to the Company, signed by this Agreementyou and specifying the number of shares you then desire to purchase. Upon receipt of your notice to exercise shares, the Notice Company will advise you of Grant, any additional amount which may be due for federal and state taxes on the 2006 Plan difference between your Exercise Price and your agreements with Intelthe current fair market value of the Company's stock plan administratoron the exercise date. Exercises You acknowledge your personal liability to pay said taxes and that Company has no obligation to deliver any Optioned Shares or other payments to you upon the exercise of stock options will be processed as soon as practicable. The option price may be paid (a) in cash, (b) by arrangement with Intel's stock plan administrator which is acceptable to Intel where the Option and sale of any Optioned Shares without payment of the option price is made pursuant to an irrevocable direction to the broker to deliver all or part of the proceeds from the sale of the such taxes. Certificates for shares of the Common Stock issuable under the option to Intel, (c) by delivery of any other lawful consideration approved in advance by the Committee of the Board of Directors of Intel established pursuant to the 2006 Plan (the "Committee") or its delegate, or (d) in any combination of the foregoing. Fractional shares may not be exercised. Shares of the Common Stock so purchased will be issued as soon as practicable, but no fractional shares shall be delivered. You will As a holder of the Option, you shall have the no rights of a stockholder only after shareholder with respect to the Optioned Shares until shares of the Common Stock shall have been issuedissued to you upon the exercise of this Option. For administrative or other reasons, Intel may from time to time suspend the ability of employees to exercise options for limited periods of time. Notwithstanding the above, Intel The Company shall not be obligated to deliver any shares hereunder for such period as may be required by it with reasonable diligence to comply with applicable federal or state statutes, laws and regulations. As of the Common Stock if Grant Date, you understand that the Option and the Optioned Shares have not been registered under the Securities Act of 1933 and the rules and regulations of the Securities and Exchange Commission ("SEC") promulgated thereunder. You further understand that absent such delivery is prohibited registration or the obtaining of an exemption therefrom, the Optioned Shares may not be sold or transferred for value. In its discretion, the Company will use reasonable efforts to cause the Optioned Shares to be registered under a Form S-8, S-3 or other SEC form described for such purpose within the four (4) year term of the Option vesting period. You further understand that as an executive officer and director of the Company, any exercise of shares under this Option shall be subject to the xxxxxxx xxxxxxx regulations and rules as are promulgated by the laws of the United States SEC from time to time, and that violation thereof may create criminal or your country of residence or employment. If such delivery is prohibited at the time that all or part of the option is exercised, then such exercise may be made only in accordance with Intel's "cashless exercise" procedure, to the extent permitted under the laws of the United States civil liabilities and your country of residence or employment. Notwithstanding anything to the contrary in this Agreement or the applicable Notice of Grant, Intel may reduce your unvested options if you change classification from a full- time employee to a part-time employeepenalties.

Appears in 1 contract

Samples: Nonstatutory Stock Option Acceptance (Videonics Inc)

TERM OF OPTION AND EXERCISE OF OPTION. To the extent the option has become becomes vested and exercisable (vested) during pursuant to the periods indicated terms set forth in the Notice of Grant this Agreement and has not been previously exercised, and subject to termination or acceleration as provided in this Agreement and the requirements of set forth in this Agreement, the Notice of Grant and the 2006 2021 Plan, you may exercise the option to purchase up to the number of shares of the Common Stock set forth in the Notice of Grant. Notwithstanding anything to the contrary in Section Sections 6 or Sections 8 through 10 hereof, no part of the option Option may be exercised after ten (10) years from the date of grant. The process for exercising the option Option (or any part thereof) is governed by this Agreement, the Notice of Grant, the 2006 2021 Plan and your agreements with Intel's the Corporation’s stock plan administrator. Exercises of stock options will be processed as soon as practicable. The option price may be paid (a) in cash, (b) by arrangement with Intel's the Corporation’s stock plan administrator which is acceptable to Intel the Corporation where payment of the option price is made pursuant to an irrevocable direction to the broker to deliver all or part of the proceeds from the sale of the shares of the Common Stock issuable under the option to Intelthe Corporation, (c) by delivery of any other lawful consideration approved in advance by the Committee of the Board of Directors of Intel established pursuant to the 2006 2021 Plan (the "Committee") or its delegate, or (d) in any combination of the foregoing. Fractional shares may not be exercised. Shares of the Common Stock will be issued as soon as practicable. You will have the rights of a stockholder only after the shares of the Common Stock have been issued. For administrative or other reasons, Intel the Corporation may from time to time suspend the ability of employees to exercise options for limited periods of time. Notwithstanding the above, Intel the Corporation shall not be obligated to deliver any shares of the Common Stock if such delivery is prohibited by during any period when the laws Corporation determines that the exercisability of the United States Option or your country the delivery of residence shares hereunder would violate any federal, state or employment. If such delivery is prohibited at the time that all or part of the option is exercised, then such exercise may be made only in accordance with Intel's "cashless exercise" procedure, to the extent permitted under the laws of the United States and your country of residence or employmentother applicable laws. Notwithstanding anything to the contrary in this Agreement or the applicable Notice of Grant, Intel the Corporation may reduce the unvested portion of your unvested options Option if you change classification from a full- full-time employee to a part-time employee. IF AN EXPIRATION DATE DESCRIBED HEREIN FALLS ON A WEEKDAY, YOU MUST EXERCISE YOUR OPTIONS BEFORE 3:45 P.M. NEW YORK TIME ON THE EXPIRATION DATE. IF AN EXPIRATION DATE DESCRIBED HEREIN FALLS ON A WEEKEND OR ANY OTHER DAY ON WHICH THE NASDAQ IS NOT OPEN, YOU MUST EXERCISE YOUR OPTIONS BEFORE 3:45 P.M. NEW YORK TIME ON THE LAST NASDAQ BUSINESS DAY PRIOR TO THE EXPIRATION DATE.

Appears in 1 contract

Samples: Option Agreement (Intel Corp)

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TERM OF OPTION AND EXERCISE OF OPTION. To the extent the option has become exercisable (vested) during the periods indicated in the Notice of Grant and has not been previously exercised, and subject to termination or acceleration as provided in this Agreement and the requirements of this Agreement, the Notice of Grant and the 2006 Plan, you may exercise the option to purchase up to the number of shares of the Common Stock set forth in the Notice of Grant. Notwithstanding anything to the contrary in Section 6 or Sections 8 through 10 11 hereof, no part of the option may be exercised after ten seven (107) years from the date of grant. The process for exercising the option (or any part thereof) is governed by this Agreement, the Notice of Grant, the 2006 Plan and your agreements with Intel's stock plan administrator. Exercises of stock options will be processed as soon as practicable. The option price may be paid (a) in cash, (b) by arrangement with Intel's stock plan administrator which is acceptable to Intel where payment of the option price is made pursuant to an irrevocable direction to the broker to deliver all or part of the proceeds from the sale of the shares of the Common Stock issuable under the option to Intel, (c) by delivery of any other lawful consideration approved in advance by the Committee of the Board of Directors of Intel established pursuant to the 2006 Plan (the "Committee") or its delegate, or (d) in any combination of the foregoing. Fractional shares may not be exercised. Shares of the Common Stock will be issued as soon as practicable. You will have the rights of a stockholder only after the shares of the Common Stock have been issued. For administrative or other reasons, Intel may from time to time suspend the ability of employees to exercise options for limited periods of time. Notwithstanding the above, Intel shall not be obligated to deliver any shares of the Common Stock if such delivery is prohibited by the laws of the United States U.S. or your country of residence or employment. If such delivery is prohibited at the time that all or part of the option is exercised, then such exercise may be made only in accordance with Intel's "cashless exercise" procedure, to the extent permitted under the laws of the United States and your country of residence or employment. Notwithstanding anything to the contrary in this Agreement or the applicable Notice of Grant, Intel may reduce your unvested options if you change classification from a full- time employee to a part-time employee.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Intel Corp)

TERM OF OPTION AND EXERCISE OF OPTION. To the extent the option has become exercisable (vested) during the periods indicated in the Notice of Grant and has not been previously exercised, and subject to termination or acceleration as provided in this Agreement and the requirements of this Agreement, the Notice of Grant and the 2006 Plan, you may exercise the option to purchase up to the number of shares of the Common Stock set forth in the Notice of Grant. Notwithstanding anything to the contrary in Section 6 5 or Sections 8 7 through 10 9 hereof, no part of the option may be exercised after ten (10) years from the date of grant. The process for exercising the option (or any part thereof) is governed by this Agreement, the Notice of Grant, the 2006 Plan and your agreements with Intel's stock plan administrator. Exercises of stock options will be processed as soon as practicable. The option price may be paid (a) in cash, (b) by arrangement with Intel's stock plan administrator which is acceptable to Intel where payment of the option price is made pursuant to an irrevocable direction to the broker to deliver all or part of the proceeds from the sale of the shares of the Common Stock issuable under the option to Intel, (c) by delivery of any other lawful consideration approved in advance by the Committee of the Board of Directors of Intel established pursuant to the 2006 Plan (the "Committee") or its delegate, or (d) in any combination of the foregoing. Fractional shares may not be exercised. Shares of the Common Stock will be issued as soon as practicable. You will have the rights of a stockholder only after the shares of the Common Stock have been issued. For administrative or other reasons, Intel may from time to time suspend the ability of employees to exercise options for limited periods of time. Notwithstanding the above, Intel shall not be obligated to deliver any shares of the Common Stock if such delivery is prohibited by the laws of the United States or your country of residence or employment. If such delivery is prohibited at the time that all or part of the option is exercised, then such exercise may be made only in accordance with Intel's "cashless exercise" procedure, to the extent permitted under the laws of the United States and your country of residence or employment. Notwithstanding anything to the contrary in this Agreement or the applicable Notice of Grant, Intel may reduce your unvested options if you change classification from a full- full-time employee to a part-time employee.

Appears in 1 contract

Samples: Corporation Nonqualified Stock Option Agreement (Intel Corp)

TERM OF OPTION AND EXERCISE OF OPTION. To the extent the option has become becomes vested and exercisable (vested) during pursuant to the periods indicated terms set forth in the Notice of Grant this Agreement and has not been previously exercised, and subject to termination or acceleration as provided in this Agreement and the requirements of set forth in this Agreement, the Notice of Grant and the 2006 Plan, you may exercise the option to purchase up to the number of shares of the Common Stock set forth in the Notice of Grant. Notwithstanding anything to the contrary in Section Sections 6 or Sections through 8 through 10 hereof, no part of the option Option may be exercised after ten (10) years from the date of grant. The process for exercising the option Option (or any part thereof) is governed by this Agreement, the Notice of Grant, the 2006 Plan and your agreements with Intel's the Corporation’s stock plan administrator. Exercises of stock options will be processed as soon as practicable. The option price may be paid (a) in cash, (b) by arrangement with Intel's the Corporation’s stock plan administrator which is acceptable to Intel the Corporation where payment of the option price is made pursuant to an irrevocable direction to the broker to deliver all or part of the proceeds from the sale of the shares of the Common Stock issuable under the option to Intelthe Corporation, (c) by delivery of any other lawful consideration approved in advance by the Committee of the Board of Directors of Intel the Corporation established pursuant to the 2006 Plan (the "Committee") or its delegate, or (d) in any combination of the foregoing. Fractional shares may not be exercised. Shares of the Common Stock will be issued as soon as practicable. You will have the rights of a stockholder only after the shares of the Common Stock have been issued. For administrative or other reasons, Intel the Corporation may from time to time suspend the ability of employees to exercise options for limited periods of time. Notwithstanding the above, Intel the Corporation shall not be obligated to deliver any shares of the Common Stock if such delivery is prohibited by during any period when the laws Corporation determines that the exercisability of the United States Option or your country the delivery of residence shares hereunder would violate any federal, state or employment. If such delivery is prohibited at the time that all or part of the option is exercised, then such exercise may be made only in accordance with Intel's "cashless exercise" procedure, to the extent permitted under the laws of the United States and your country of residence or employmentother applicable laws. Notwithstanding anything to the contrary in this Agreement or the applicable Notice of Grant, Intel the Corporation may reduce the unvested portion of your unvested options Option if you change classification from a full- full-time employee to a part-time employee. IF AN EXPIRATION DATE DESCRIBED HEREIN FALLS ON A WEEKDAY, YOU MUST EXERCISE YOUR OPTIONS BEFORE 3:45 P.M. NEW YORK TIME ON THE EXPIRATION DATE. IF AN EXPIRATION DATE DESCRIBED HEREIN FALLS ON A WEEKEND OR ANY OTHER DAY ON WHICH THE NASDAQ IS NOT OPEN, YOU MUST EXERCISE YOUR OPTIONS BEFORE 3:45 P.M. NEW YORK TIME ON THE LAST NASDAQ BUSINESS DAY PRIOR TO THE EXPIRATION DATE.

Appears in 1 contract

Samples: Option Agreement (Intel Corp)

TERM OF OPTION AND EXERCISE OF OPTION. To the extent the option has become exercisable (vested) during the periods indicated in the Notice of Grant and has not been previously exercised, and subject to termination or acceleration as provided in this Agreement and the requirements of this Agreement, the Notice of Grant and the 2006 Plan, you may exercise the option to purchase up to the number of shares of the Common Stock set forth in the Notice of Grant. Notwithstanding anything to the contrary in Section 6 5 or Sections 8 7 through 10 hereof, no part of the option may be exercised after ten seven (107) years from the date of grant. The process for exercising the option (or any part thereof) is governed by this Agreement, the Notice of Grant, the 2006 Plan and your agreements with Intel's stock plan administrator. Exercises of stock options will be processed as soon as practicable. The option price may be paid (a) in cash, (b) by arrangement with Intel's stock plan administrator which is acceptable to Intel where payment of the option price is made pursuant to an irrevocable direction to the broker to deliver all or part of the proceeds from the sale of the shares of the Common Stock issuable under the option to Intel, (c) by delivery of any other lawful consideration approved in advance by the Committee of the Board of Directors of Intel established pursuant to the 2006 Plan (the "Committee") or its delegate, or (d) in any combination of the foregoing. Fractional shares may not be exercised. Shares of the Common Stock will be issued as soon as practicable. You will have the rights of a stockholder only after the shares of the Common Stock have been issued. For administrative or other reasons, Intel may from time to time suspend the ability of employees to exercise options for limited periods of time. Notwithstanding the above, Intel shall not be obligated to deliver any shares of the Common Stock if such delivery is prohibited by the laws of the United States or your country of residence or employment. If such delivery is prohibited at the time that all or part of the option is exercised, then such exercise may be made only in accordance with Intel's "cashless exercise" procedure, to the extent permitted under the laws of the United States and your country of residence or employment. Notwithstanding anything to the contrary in this Agreement or the applicable Notice of Grant, Intel may reduce your unvested options if you change classification from a full- time employee to a part-time employee.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Intel Corp)

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