Common use of Vesting and Term of Option Clause in Contracts

Vesting and Term of Option. (a) The Option may not be exercised prior to the one year anniversary date of the Grant Date. Commencing on the first anniversary of the Grant Date, the Option may be exercised by the Participant prior to its termination in cumulative annual installments as follows: Date Percentage of Shares as to which Option is Exercisable the ____ anniversary of the Grant Date __% the ____ anniversary of the Grant Date __% the ____ anniversary of the Grant Date __% the ____ anniversary of the Grant Date __% the ____ anniversary of the Grant Date __% The Option shall in all events terminate on_____________, 20__ or such earlier date as prescribed herein.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Fuller H B Co), Non Qualified Stock Option Agreement (Fuller H B Co), Non Qualified Stock Option Agreement (Fuller H B Co)

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Vesting and Term of Option. (a) The Option may not be exercised prior to the one year anniversary date of the Grant Date. Commencing on the first anniversary of the Grant Date, the Option may be exercised by the Participant prior to its termination in cumulative annual installments as follows: Date Percentage of Shares as to Date which Option is Exercisable the ____ anniversary of the Grant Date __% the ____ anniversary of the Grant Date __% the ____ anniversary of the Grant Date __% the ____ anniversary of the Grant Date __% the ____ anniversary of the Grant Date __% The Option shall in all events terminate on_____________, 20__ or such earlier date as prescribed herein.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Fuller H B Co)

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Vesting and Term of Option. (a) The Option may not be exercised prior to the one year anniversary date of the Grant Date. Commencing on the first anniversary of the Grant Date, the Option may be exercised by the Participant prior to its termination in cumulative annual installments as follows: Date Percentage of Shares as to Date which Option is Exercisable the ____ anniversary of the Grant Date __% the ____ anniversary of the Grant Date __% the ____ anniversary of the Grant Date __% the ____ anniversary of the Grant Date __% the ____ anniversary of the Grant Date __% The Option shall in all events terminate on_____________, 20__ or such earlier date as prescribed herein.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Fuller H B Co)

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