Common use of Vesting of Right to Exercise Option Clause in Contracts

Vesting of Right to Exercise Option. This Option shall become exercisable as to portions of the Shares as follows: (a) this Option shall not be exercisable with respect to any of the Shares until [VESTDATE2] (the "First Vesting Date"); (b) on the First Vesting Date this Option shall become exercisable as to 25% of the Shares, if Participant has continuously provided services to the Company or any Subsidiary or Parent of the Company from the Date of Grant through the First Vesting Data and has not been Terminated on or before the First Vesting Date; (c) this Option shall become exercisable as to an additional 2.083% of the Shares upon the expiration of each successive full month after the First Vesting Date, so long as Participant continuously provides services to the Company or any Subsidiary or Parent of the Company and is not Terminated; PROVIDED that this Option shall in no event ever become exercisable with respect to more than 100% of the Shares.

Appears in 1 contract

Samples: Stock Option Agreement (Integrated Systems Inc)

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Vesting of Right to Exercise Option. This Option shall become exercisable as to portions of the Shares as follows: : (a) this Option shall not be exercisable with respect to any of the Shares until [VESTDATE2] ____________ (the "First Vesting Date"“FIRST VESTING DATE”); (b) if Participant has continuously provided services to the Company or any Subsidiary, Parent or Affiliate of the Company from the Date of Grant through the First Vesting Date and has not been Terminated on or before the First Vesting Date, then on the First Vesting Date this Option shall become exercisable as to 25% two and eight one-hundredths percent (2.08%) of the Shares; (c) thereafter, if so long as Participant has continuously provided provides services to the Company or any Subsidiary Subsidiary, Parent or Parent Affiliate of the Company from the Date of Grant through the First Vesting Data and has is not been Terminated on or before the First Vesting Date; (c) this Option shall become exercisable as to an additional 2.083% of the Shares Terminated, upon the expiration of each successive full month after the First Vesting Date, so long this Option shall become exercisable as Participant continuously provides services to the Company or any Subsidiary or Parent an additional two and eight one-hundredths percent (2.08%) of the Company and is not TerminatedShares; PROVIDED provided that this Option shall in no event ever become exercisable with respect to more than 100% of the Shares.

Appears in 1 contract

Samples: Stock Option Agreement (S1 Corp /De/)

Vesting of Right to Exercise Option. This Option shall become exercisable as to portions of the Shares as follows: (a) this Option shall not be exercisable with respect to any of the Shares until [VESTDATE2] one year after the Date of Grant (the "First Vesting DateFIRST VESTING DATE"); (b) on the First Vesting Date this Option shall become exercisable as to 25% of the Shares, if Participant has continuously provided services to the Company or any Subsidiary Subsidiary, Parent or Parent Affiliate of the Company from the Date of Grant through the First Vesting Data Date and has not been Terminated on or before the First Vesting Date; (c) , then on the First Vesting Date this Option shall become vested and exercisable as to an additional 2.08325% of the Shares upon the expiration of each successive full month after the First Vesting DateShares; and (c) thereafter, so long as Participant continuously provides services to the Company or any Subsidiary Subsidiary, Parent or Parent Affiliate of the Company and is not Terminated; PROVIDED that this , at the end of each full succeeding month the Option shall in no event ever will become vested and exercisable as to 2.08333% of the Shares until the Shares are vested with respect to more than 100% of the Shares.

Appears in 1 contract

Samples: Stock Option Agreement (Symantec Corp)

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Vesting of Right to Exercise Option. This Option shall become exercisable as to portions of the Shares as follows: (a) this Option shall not be exercisable with respect to any of the Shares until [VESTDATE2] __________, 199__ (the "First Vesting DateFIRST VESTING DATE"); (b) if Participant has continuously provided services to the Company or any Subsidiary, Parent or Affiliate of the Company from the Date of Grant through the First Vesting Date and has not been Terminated on or before the First Vesting Date, then on the First Vesting Date this Option shall become exercisable as to 25% ____ percent (____%) of the Shares, if Participant has continuously provided services to the Company or any Subsidiary or Parent of the Company from the Date of Grant through the First Vesting Data ; and has not been Terminated on or before the First Vesting Date; (c) this Option shall become exercisable as to an additional 2.083% of the Shares upon the expiration of each successive full month after the First Vesting Datethereafter, so long as Participant continuously provides services to the Company or any Subsidiary Subsidiary, Parent or Parent Affiliate of the Company and is not Terminated; PROVIDED that this Option shall in no event ever become exercisable with respect to more than 100% , on the first anniversary of the Shares.First Vesting Date and on each

Appears in 1 contract

Samples: Stock Option Agreement (HNC Software Inc/De)

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