Common use of Vesting; Exercisability Clause in Contracts

Vesting; Exercisability. The Option shall vest and shall become exercisable with respect to the number of Option Shares subject thereto in accordance with the Vesting Schedule set forth above provided that Participant’s Termination Date has not occurred as of the applicable vesting date. Any portion of the Option that is not vested and exercisable as of Participant’s Termination Date shall be forfeited and Participant shall have no further rights with respect thereto. In no event shall the Option continue to vest after Participant’s Termination Date. Notwithstanding the foregoing:

Appears in 14 contracts

Samples: Stock Option Award Agreement (Stericycle Inc), Stock Option Award Agreement (Stericycle Inc), Stock Option Award Agreement (Stericycle Inc)

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