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Common use of TIMES OF EXERCISE OF STOCK OPTION Clause in Contracts

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%

Appears in 5 contracts

Samples: Non Qualified Stock Option Agreement (Fleming Companies Inc /Ok/), Non Qualified Stock Option Agreement (Fleming Companies Inc /Ok/), Non Qualified Stock Option Agreement (Fleming Companies Inc /Ok/)

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%

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Fleming Companies Inc /Ok/), Non Qualified Stock Option Agreement (Fleming Companies Inc /Ok/)

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%

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Fleming Companies Inc /Ok/)

TIMES OF EXERCISE OF STOCK OPTION. After, and only after, the conditions of Section 8 9 hereof have been satisfied, the Participant shall be eligible to exercise that portion of his/her his Stock Options Option pursuant to the schedule set forth hereinafter. If the Participant's employment with the Company (or its parent or of any one or more of the Subsidiaries subsidiaries of the Company) remains full-time and continuous at all times prior to any of the "Exercise Dates" set forth in this Section 2specified 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 multiply- ing the aggregate number of shares set forth in the foregoing Section 1 of this Option Agreement by the designated percentage set forth belowhereafter. Percent of Stock Exercise Dates Option Exercisable ----------------------------------------------------------------- On or After _________________ 25% On or After _________________ 50% On or After _________________ 75% On or After _________________ 100%

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Fleming Companies Inc /Ok/)

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 his 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 ______________ March 2, 2000 25% On or After ______________ 50% On or After ______________ March 2, 2001 75% On or After ______________ March 2, 2002 100%" The Agreement is not amended in any respect except as herein provided.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Fleming Companies Inc /Ok/)

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%

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Fleming Companies Inc /Ok/)

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%

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Fleming Companies Inc /Ok/)