Time of Exercise of Option. This Option shall be first exercisable as to 25% of the Shares on each of the first four anniversary dates of this Agreement. To the extent the Option is not exercised by the Optionee when it becomes exercisable, it shall not expire, but shall be carried forward and shall be exercisable, on a cumulative basis, until the Expiration Date, as hereinafter defined.
Appears in 18 contracts
Samples: Stock Option Agreement (Green Mountain Coffee Inc), Stock Option Agreement (Green Mountain Coffee Inc), Stock Option Agreement (Green Mountain Coffee Inc)
Time of Exercise of Option. This Option shall be first exercisable as to 5,000 Shares on the date of this Agreement, and 25% of the remaining Shares on each of the first four anniversary dates of this Agreement. To the extent the Option is not exercised by the Optionee when it becomes exercisable, it shall not expire, but shall be carried forward and shall be exercisable, on a cumulative basis, until the Expiration Date, as hereinafter defined.
Appears in 3 contracts
Samples: Stock Option Agreement (Green Mountain Coffee Inc), Stock Option Agreement (Green Mountain Coffee Inc), Green Mountain (Green Mountain Coffee Inc)
Time of Exercise of Option. This Option shall be first exercisable as to 25% a quarter of the Shares on each of the first four anniversary dates of this Agreement. To the extent the Option is not exercised by the Optionee when it becomes exercisable, it shall not expire, but shall be carried forward and shall be exercisable, on a cumulative basis, until the Expiration Date, as hereinafter defined.
Appears in 2 contracts
Samples: Stock Option Agreement (Green Mountain Coffee Inc), Stock Option Agreement (Green Mountain Coffee Inc)
Time of Exercise of Option. This (a) The Option shall not be exercisable prior to the first exercisable as to anniversary of the date of this Agreement. Upon the anniversary date, 25% of the Shares on each Option shall be exercisable and thereafter, subject to the provisions of this Agreement (including Section 3(b) below), the Option shall only be exercisable in increments of 1/48th (one forty-eighth) of the first four anniversary dates of this Agreement. To total shares represented by the extent Option per month until the Option is not exercised by the Optionee when it becomes exercisable, it shall not expire, but shall be carried forward and shall be exercisable, on a cumulative basis, until the Expiration Date, as hereinafter definedexercisable in full.
Appears in 2 contracts
Samples: Stock Option Agreement Non Qualified Stock Option (Cisco Systems Inc), Corporation Stock Option Agreement Incentive Stock Option (Cisco Systems Inc)
Time of Exercise of Option. This Option shall be first exercisable as to 25% a third of the Shares on each of the first four three anniversary dates of this Agreement. To the extent the Option is not exercised by the Optionee when it becomes exercisable, it shall not expire, but shall be carried forward and shall be exercisable, on a cumulative basis, until the Expiration Date, as hereinafter defined.
Appears in 1 contract
