Common use of Vesting and Exercise Schedule Clause in Contracts

Vesting and Exercise Schedule. Subject to the provisions of Sections 3, 5 and 10, this Option shall become vested and exercisable as to the Option Shares in installments in accordance with the vesting and exercise schedule set forth in the Notice. At times in this Agreement, when the vesting, exercise or cancellation of this Option (or portion thereof) and the corresponding right to acquire Option Shares thereunder is discussed, for ease of reference the document will refer to the vesting, exercise or cancellation, as applicable, of “Option Shares.”

Appears in 2 contracts

Samples: Stock Option Award Agreement (Archer Daniels Midland Co), Stock Option Award Agreement (Archer Daniels Midland Co)

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Vesting and Exercise Schedule. Subject to the provisions of Sections 34, 5 8 and 1010 below, this Option shall become vested and exercisable as to the Option Shares in installments in accordance with the vesting and exercise schedule set forth in the Notice. At times in this Agreement, when the vesting, exercise or cancellation of this Option (or portion thereof) and the corresponding right to acquire Option Shares thereunder is discussed, for ease of reference the document will refer to the vesting, exercise or cancellation, as applicable, of “Option Shares.”

Appears in 2 contracts

Samples: Stock Option Award Agreement, Stock Option Award Agreement (Archer Daniels Midland Co)

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