Vesting and Exercise Schedule. This Option will vest and become exercisable as to the portion of Shares and on the dates specified in the Vesting and Exercise Schedule on the cover page to this Agreement, so long as your Service to the Company and its Affiliates does not end. The Vesting and Exercise Schedule is cumulative, meaning that to the extent the Option has not already been exercised and has not expired, terminated or been cancelled, you or the person otherwise entitled to exercise the Option as provided in this Agreement may at any time purchase all or any portion of the Shares that may then be purchased under that Schedule. Vesting and exercisability of this Option will be accelerated during the term of the Option upon the termination of your Service due to death or Disability as provided in Section 6(e)(2) of the Plan, and under the circumstances described in Section 10 of this Agreement, and at the discretion of the Committee in accordance with Section 3(b)(2) of the Plan.
Appears in 5 contracts
Samples: u.k. Employee Non Statutory Stock Option Agreement (Proto Labs Inc), Employee Non Statutory Stock Option Agreement (Proto Labs Inc), Non Statutory Stock Option Agreement
Vesting and Exercise Schedule. This Option will vest and become exercisable as to the portion of Shares and on the dates specified in the Vesting and Exercise Schedule on the cover page to this Agreement, so long as your Service to the Company and its Affiliates does not end. The Vesting and Exercise Schedule is cumulative, meaning that to the extent the Option has not already been exercised and has not expired, terminated or been cancelled, you or the person otherwise entitled to exercise the Option as provided in this Agreement may may, at any time time, purchase all or any portion of the Shares that may then be purchased under that Schedule. Vesting and exercisability of this Option will be accelerated during the term of the Option upon the termination of your Service due to death or Disability as provided in Section 6(e)(2) of the Plan, and under the circumstances described in Section 10 of this Agreement, and at the discretion of the Committee in accordance with Section 3(b)(2) of the Plan.
Appears in 3 contracts
Samples: Employee Incentive Stock Option Agreement (Proto Labs Inc), Employee Incentive Stock Option Agreement, Employee Incentive Stock Option Agreement (Proto Labs Inc)
Vesting and Exercise Schedule. This Option will vest and become exercisable as to the portion number of Option Shares and on the dates specified in the Vesting and Exercise Schedule on the cover page to of this Agreement, so long as your Service to the Company and its Affiliates does not end. The Vesting and Exercise Schedule vesting schedule is cumulative, meaning that to the extent the Option has not already been exercised and has not expired, terminated or been cancelled, you or the person otherwise entitled to exercise the Option as provided in this Agreement may at any time during the Option term purchase all or any portion of the Option Shares that may are then be purchased vested and exercisable under that Scheduleschedule. Vesting and exercisability of this Option will may be accelerated or continued during the term of the Option upon the under certain circumstances in connection with your termination of your Service due to death or Disability Service, as provided described in Section 6(e)(26(e) of the Plan, and under in connection with certain transactions affecting the circumstances Company, including a Change in Control, as described in Section 10 Sections 12(b), (c) and (d) of this Agreementthe Plan, and at the discretion of the Committee in accordance with Section 3(b)(2) of the Plan.
Appears in 1 contract
Samples: Non Statutory Stock Option Agreement (Bluestem Brands, Inc.)