Common use of Vesting and Exercise of Stock Option Clause in Contracts

Vesting and Exercise of Stock Option. Subject to the earlier expiration of the Stock Option as herein provided, the Stock Option may be exercised by written notice to the Company at its principal executive office addressed to the attention of “Stock Option Plan Administrator.” Except as otherwise provided below, the Stock Option shall not be exercisable for more than a percentage of the aggregate number of shares of Stock offered by the Stock Option determined by the number of full years from the Grant Date to the date of such exercise, in accordance with the following vesting schedule:

Appears in 9 contracts

Samples: Stock Incentive Plan 2010 Award Agreement (Weyerhaeuser Co), Stock Incentive Plan 2011 Award Agreement (Weyerhaeuser Co), Stock Incentive Plan 2008 Award Agreement (Weyerhaeuser Co)

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