Common use of Vested and Not Exercisable Clause in Contracts

Vested and Not Exercisable. To the extent the Options were vested but were not exercisable at the time of the Participant’s termination of employment, the Options shall be eligible to become exercisable and remain exercisable during the following post-termination periods:

Appears in 11 contracts

Samples: Stock Option Agreement (EVERTEC, Inc.), Stock Option Agreement (Evertec, LLC), Stock Option Agreement (EVERTEC Finance Corp.)

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Vested and Not Exercisable. To the extent the Options were vested but were not exercisable at the time of the Participant’s termination of employmentService Termination Time, the Options shall be eligible to become exercisable and remain exercisable during the following post-termination periods:

Appears in 2 contracts

Samples: Stock Option Agreement (Evertec, LLC), Stock Option Agreement (TII Smart Solutions, Sociedad Anonima)

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Vested and Not Exercisable. To the extent the Options were vested but were not exercisable at the time of the Participant’s termination of employmentservice, the Options shall be eligible to become exercisable and remain exercisable during the following post-termination periods:

Appears in 1 contract

Samples: Stock Option Agreement (Evertec, LLC)

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