Common use of Vesting of Option if Employment Continues Clause in Contracts

Vesting of Option if Employment Continues. If the Employee has continued to be employed by the Company or any Related Corporation on the following dates, the Employee may exercise this option for the number of shares of Common Stock set opposite the applicable date: (attached as NOTICE OF GRANT OF STOCK OPTIONS AND OPTION AGREEMENT). Notwithstanding the foregoing, in accordance with and subject to the provisions of the Plan, the Committee may, in its discretion, accelerate the date that any installment of this Option becomes exercisable. The foregoing rights are cumulative and, while the Employee continues to be employed by the Company or any Related Corporation, may be exercised on or before the date which is ten (10) years from the date this option is granted. All of the foregoing rights are subject to Sections 4 and 5, as appropriate, if the Employee ceases to be employed by the Company and all Related Corporations.

Appears in 7 contracts

Samples: Incentive Stock Option Agreement (Breakaway Solutions Inc), Incentive Stock Option Agreement (Breakaway Solutions Inc), Incentive Stock Option Agreement (Breakaway Solutions Inc)

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Vesting of Option if Employment Continues. If the Employee has continued to be employed by the Company or any Related Corporation on the following dates, the Employee may exercise this option for the number of shares of Common Stock set opposite the applicable date: (attached as NOTICE OF GRANT OF STOCK OPTIONS AND OPTION AGREEMENT). Notwithstanding the foregoing, in accordance with and subject to the provisions of the Plan, the Committee may, in its discretion, accelerate the date that any installment of this Option becomes exercisable. The foregoing rights are cumulative and, while the Employee continues to be employed by the Company or any Related Corporation, may be exercised on or before the date which is ten (10) years from the date this option is granted. All of the foregoing rights are subject to Sections 4 and 5, as appropriate, if the Employee ceases to be employed by the Company and all Related Corporations.

Appears in 2 contracts

Samples: Option Agreement (Breakaway Solutions Inc), Option Agreement (Breakaway Solutions Inc)

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Vesting of Option if Employment Continues. If the Employee has continued to be employed by the Company or any Related Corporation on the following dates, the Employee may exercise this option for the number of shares of Common Stock set opposite the applicable date: (attached as NOTICE OF GRANT OF STOCK OPTIONS AND OPTION AGREEMENT). Schedule A.) Notwithstanding the foregoing, in accordance with and subject to the provisions of the Plan, the Committee may, in its discretion, accelerate the date that any installment of this Option becomes exercisable. The foregoing rights are cumulative and, while the Employee continues to be employed by the Company or any Related Corporation, may be exercised on or before the date which is ten (10) years from the date this option is granted. All of the foregoing rights are subject to Sections 4 and 5, as appropriate, if the Employee ceases to be employed by the Company and all Related Corporations.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Breakaway Solutions Inc), Incentive Stock Option Agreement (Breakaway Solutions Inc)

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