TIMES OF EXERCISE OF STOCK OPTION Sample Clauses

TIMES OF EXERCISE OF STOCK OPTION. After, and only after, the conditions of Section 8 hereof have been satisfied, the Participant shall be eligible to exercise that portion of his/her Stock Options pursuant to the schedule set forth hereinafter. If the Participant's employment with the Company (or of any one or more of the Subsidiaries of the Company) remains full-time and continuous at all times prior to any of the "Exercise Dates" set forth in this Section 2, then the Participant shall be entitled, subject to the applicable provisions of the Plan and this Option Agreement having been satisfied, to exercise on or after the applicable Exercise Date, on a cumulative basis, the number of shares of Stock determined by multiplying the aggregate number of shares set forth in Section 1 of this Option Agreement by the designated percentage set forth below. Percent of Stock Exercise Dates Option Exercisable ----------------------------------------------------------------- On or After ______________ 25% On or After ______________ 50% On or After ______________ 75% On or After ______________ 100%

TIMES OF EXERCISE OF STOCK OPTION. After, and only after, the conditions of Section 9 hereof have been satisfied, the Participant shall be eligible to exercise the Stock Option pursuant to the vesting schedule set forth on the Notice (the “Vesting Schedule”). If the Participant’s employment with the Company (or of any one or more of the Subsidiaries of the Company) remains full-time and continuous at all times prior to any of the exercise dates specified on the Notice (the “Exercise Dates”), then the Participant shall be entitled, subject to the applicable provisions of the Plan and this Option Agreement having been satisfied, to exercise the Stock Option and purchase on or after the applicable Exercise Date, on a cumulative basis, the number of shares of Stock determined by multiplying the aggregate number of shares of Stock subject to the Stock Option set forth on the Notice by the designated percentage set forth on the Notice.

TIMES OF EXERCISE OF STOCK OPTION. The Participant shall be eligible to exercise his Stock Option only after the Company has repaid The Beard Company ("Beard") for all advances made by Beard to the Xxxxany pursuanx xx the Subscription Agreement axxxxxed as Exhibit "A" plus any accrued interest and Beard's initial $32,000 investment in the Company (the "Exercxxx Xxxnt"). In addition, the conditions of Section 8 hereof must be satisfied before the Participant shall be eligible to exercise his Stock Option. If the Participant's employment with the Company (or its parent or of any one or more of the subsidiaries of the Company) remains full-time and continuous at all times prior to the Exercise Event, then the Participant shall be entitled, subject to the applicable provisions of this Option Agreement having been satisfied, to exercise on or after the applicable Exercise Event, on a cumulative basis, the number of shares of Stock set forth in the foregoing Section 1.

TIMES OF EXERCISE OF STOCK OPTION. After, and only after, the conditions of Section 11 hereof have been satisfied, the Participant shall be eligible to exercise the Stock Option pursuant to the vesting schedule set forth on the Notice (the "Vesting Schedule"). If the Participant is employed continuously as an Employee at all times prior to any of the exer­cisable dates specified on the Notice (the "Exercisable Dates"), then the Participant shall be entitled, subject to the applicable provisions of the Plan and this Option Agreement having been satisfied, to exercise the Stock Option and purchase on or after the applicable Exercisable Date, on a cumulative basis, the number of shares of Stock as set forth on the Notice.

TIMES OF EXERCISE OF STOCK OPTION. The Stock Option shall be fully exercisable on and after the Grant Date.

TIMES OF EXERCISE OF STOCK OPTION. On and after the Date of Grant, the Participant shall be entitled, subject to the applicable provisions of the Plan and this Option Agreement having been satisfied, to exercise the Stock Option and purchase, on a cumulative basis, the number of shares of Stock subject to the Stock Option set forth on the Notice.

TIMES OF EXERCISE OF STOCK OPTION. After, and only after, the conditions of Section 9 hereof have been satisfied and the Company's shareholders have approved the Plan in accordance with the provisions of Section 21 of the Plan, the Participant shall be eligible to exercise the Stock Option pursuant to the vesting schedule set forth on the Cover Page (the "Vesting Schedule"). If the Participant's employment with the Company (or of any one or more of the Subsidiaries of the Company remains full-time and continuous at all times prior to any of the exercise dates specified on the Cover Page (the "Exercise Dates"), then the Participant shall be entitled, subject to the applicable provisions of the Plan and this Option Agreement having been satisfied, to exercise on or after the applicable Exercise Date, on a cumulative basis, the number of shares of Stock determined by multiplying the aggregate number of shares set forth on the Cover Page by the designated percentage set forth on the Cover Page.

TIMES OF EXERCISE OF STOCK OPTION. Each installment of Covered Shares of the Stock Option shall be exercisable on and after the Vesting Date for such installment as described in the following schedule (but only if the Participant’s Date of Termination has not occurred before the Vesting Date): «Vestdate1» 20 % «Vestdate2» 20 % «Vestdate3» 20 % «Vestdate4» 20 % «Vestdate5» 20 % (a) The Stock Option shall become fully exercisable upon the occurrence of a Change of Control Event which occurs prior to the Participant’s Date of Termination. However, if the Participant’s employment with the Company, the Subsidiaries, and the Affiliated Entities commenced less than 90 days before the Change of Control Event, (i) the Stock Option shall become fully exercisable under this Section (a) only if the Participant’s Date of Termination has not occurred before the 90th day following such date of hire, (ii) the Stock Option shall become vested under this sentence on the 90th day following such date of hire. (b) If the Participant’s Date of Termination occurs under circumstances in which the Participant is entitled to severance benefits from the Company, a Subsidiary, or an Affiliated Entity under an employment agreement, severance agreement, or the Devon Energy Corporation Severance Plan, the Stock Option shall become fully exercisable effective as of the Participant’s Date of Termination if the Participant signs and returns to the Company a release of claims against the Company in a form prepared by the Company (the “Release”) and the Participant does not revoke the Release prior to the date the Release becomes effective. If the Participant fails to sign and return the Release to the Company or revokes the Release prior to the date the Release becomes effective, the unvested options subject to this Award Agreement shall be forfeited. (c) The Committee may in its sole and absolute discretion elect to vest all or a portion of the unvested options subject to this Award Agreement upon the Participant’s Date of Termination if the Participant’s Date of Termination occurs by reason of the Participant’s death, Disability, occurs on or after the Participant’s Normal Retirement Date (as such term is defined in the Company’s Retirement Plan) or Early Retirement Date (as such term is defined in the Company’s Retirement Plan), or occurs under other special circumstances (as determined by the Committee). The Stock Option may be exercised on or after the Participant’s Date of Termination only as to that portion of the Cov...

TIMES OF EXERCISE OF STOCK OPTION. After, and only after, the conditions of Section 9 hereof have been satisfied, the Executive shall be eligible to exercise that portion of his Stock Options pursuant to the schedule set forth hereinafter. If the Executive's employment with the Company (or of any one or more of the Subsidiaries or Affiliated Entities of the Company) remains full-time and continuous at all times prior to any of the "Exercise Dates" set forth in this Section 3, then the Executive shall be entitled, subject to the applicable provisions of this Option Agreement having been satisfied, to exercise on or after the applicable Exercise Date, on a cumulative basis, the number of shares of Stock determined by multiplying the aggregate number of shares set forth in Section 2 of this Option Agreement by the designated percentage set forth below. Percent of Stock Exercise Dates Option Exercisable ---------------- ------------------ On or After December 30, 2002 25%

TIMES OF EXERCISE OF STOCK OPTION. After, and only after, the conditions of Section 9 hereof have been satisfied, the Participant shall be eligible to exercise that portion of his Stock Option pursuant to the schedule set forth hereinafter. If the Participant's employment with the Company (or its parent or of anyone or more of the subsidiaries of the Company) remains full-time and continuous at all times to any of the “Exercise Dates” specified hereafter, then the Participant shall be entitled, subject to the applicable provisions of the Plan and this Option Agreement having been satisfied, to exercise on or after the applicable Exercise Date, on a cumulative basis, the number of shares of Stock determined by multiplying the aggregate number of shares set forth in the foregoing Section 1 by the designated percentage set forth hereafter.