Vesting; Limits on Exercise. The Option shall vest and become exercisable in percentage installments of the aggregate number of shares subject to the Option as set forth on the cover page of this Option Agreement. The Option may be exercised only to the extent the Option is vested and exercisable.
Vesting; Limits on Exercise. 1.1 As set forth on the cover page of this Option Agreement, the Option shall vest and become exercisable in percentage installments of the aggregate number of shares of Common Stock subject to the Option. The Option may be exercised only to the extent the Option is vested and exercisable.
1.2 To the extent that the Option is vested and exercisable, the Participant has the right to exercise the Option (to the extent not previously exercised), and such right shall continue, until the expiration or earlier termination of the Option.
1.3 Fractional share interests shall be disregarded, but may be cumulated. Cash will be paid in lieu of fractional shares at the time of exercise.
1.4 No fewer than 2 shares of Common Stock (subject to adjustment pursuant to Section 4.2.1 of the Plan) may be purchased at any one time, unless the number of shares purchased is the total number at the time exercisable under the Option.
Vesting; Limits on Exercise. The Award shall vest and become exercisable in percentage installments of the aggregate number of SARs subject to the Award as set forth on the cover page of this Award Agreement. The SARs may be exercised only to the extent the SARs are vested and exercisable.
Vesting; Limits on Exercise. The Option may be exercised only to the extent it is vested. Subject to Section 5 below, the Option shall vest and become exercisable in percentage installments of the aggregate number of Shares subject to the Option in accordance with the following schedule; provided, however, if the Participant is a member of the Board (a “Director”) and a Change in Control (as defined below) occurs, any portion of the Option that remains outstanding and unvested immediately prior to the Change in Control shall accelerate and become vested upon (or, to the extent necessary to give effect to the acceleration, immediately prior to) the Change in Control: For purposes of the Option, a “Change in Control” shall be deemed to have occurred as of the first day after the Grant Date on which one or more of the following conditions shall have been satisfied:
(a) The acquisition by any individual, entity or group (a “Person”) (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934 (the “Exchange Act”)) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 50% or more of either (1) the then-outstanding Shares (the “Outstanding Shares”) or (2) the combined voting power of the then-outstanding voting securities of the Corporation entitled to vote generally in the election of Directors (the “Outstanding Company Voting Securities”); provided, however, that, for purposes of this clause (a), the following acquisitions shall not constitute a Change in Control; (A) any acquisition directly from the Corporation, (B) any acquisition by the Corporation, (C) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Corporation or any affiliate of the Corporation or a successor, or (D) any acquisition by any entity pursuant to a transaction that complies with Sections 2(c)(1), (2) and (3) below;
(b) Individuals who, as of the Grant Date, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a Director subsequent to the Grant Date whose election, or nomination for election by the Corporation’s stockholders, was approved by a vote of at least two-thirds of the Directors then comprising the Incumbent Board (including for these purposes, the new members whose election or nomination was so approved, without counting the member and his predecessor twice) shall be considered as thoug...
Vesting; Limits on Exercise. As set forth on the cover page of the Option Agreement, the Option shall vest and become exercisable in percentage installments of the aggregate number of shares of Common Stock subject to the Option. The Option may be exercised only to the extent the Option is vested and exercisable. • Cumulative Exercisability . To the extent that the Option is vested and exercisable, the Participant has the right to exercise the Option (to the extent not previously exercised), and such right shall continue, until the expiration or earlier termination of the Option. • No Fractional Shares . Fractional share interests shall be disregarded, but may be cumulated. • Minimum Exercise . No fewer than 100 1 shares of Common Stock may be purchased at any one time, unless the number purchased is the total number at the time exercisable under the Option.
Vesting; Limits on Exercise. The Option cannot be exercised until it vests and becomes exercisable. Unless the Committee otherwise provides, the Option will not vest or become exercisable in any circumstances prior to the date that is six months after the Award Date. Thereafter, the Option will become vested, subject to adjustments, as follows: DATE (3) EXTENT OF VESTING (1,4)
Vesting; Limits on Exercise. The Option cannot be exercised until it vests and becomes exercisable. Unless the Committee otherwise provides, the Option will not vest or become exercisable in any circumstances prior to the date that is six months after the Award Date. Thereafter, the Option will become vested, subject to adjustments, as follows: -------------------------------------------------------------------------------- DATE/3/ EXTENT OF VESTING/1/,/4/ ------------------------------------------- ---------------------------------- ------------------------------------------- ---------------------------------- ------------------------------------------- ---------------------------------- ------------------------------------------- ---------------------------------- ------------------------------------------- ---------------------------------- --------------------------------------------------------------------------------
Vesting; Limits on Exercise. Subject to Section 5, the Award shall vest in percentage installments of the aggregate number of SARs subject to the Award as set forth on the cover page of this Award Agreement. The SARs are payable only to the extent the SARs are vested. Fractional SARs shall be disregarded, but may be accumulated.
Vesting; Limits on Exercise. As set forth on the cover page of this Option Agreement, the Option is vested as of the Award Date. However, no portion of the Option may be exercised until the first anniversary of the Award Date; provided, however, that such one-year exercise limitation shall not apply in the event of (1) a dissolution of the Corporation or other event described in Section 6.3 of the Plan that the Corporation does not survive (or does not survive as a public company in respect of its Common Stock), or (2) a Change in Control Event in connection with which options granted under the Plan and then outstanding generally become vested (or are vested) pursuant to Section 6.3.3 of the Plan.
Vesting; Limits on Exercise will vest and become exercisable according to the Vesting Schedule set forth in the Award Agreement. No SAR will be exercisable in any respect prior to the first anniversary of the Award Date, unless the Committee provides otherwise. . Exercisability. A SAR is only exercisable to the extent to which it is -------------- vested. The Participant has the right to exercise vested SARs to the extent not previously exercised, and such right shall continue until the expiration or earlier termination of the SAR.
