Vesting; Period of Exercise. Subject to the provisions of the Plan, Options shall vest and become exercisable according to the Vesting Dates set forth in Exhibit B hereto, provided that the Optionee is an Employee of or providing services to the Company and/or its Affiliates on the applicable Vesting Date. All unexercised Options granted to the Optionee shall terminate and shall no longer be exercisable on the Expiration Date, as described in the Plan.
Vesting; Period of Exercise. (a) Subject to the earlier termination or cancellation of the Option as set forth herein, the Option shall vest and become exercisable as follows:
(i) Prior to the third (3rd) anniversary of the Date of Grant, no portion of the Option shall vest or be exercisable;
(ii) On and after the third (3rd) anniversary of the Date of Grant, the Option shall vest and be exercisable with respect to an aggregate of one-third (1/3) of the Shares originally subject to the Option, provided that the Participant’s Employment with the Company has not terminated as of such anniversary;
(iii) On and after the fourth (4th) anniversary of the Date of Grant, the Option shall vest and be exercisable with respect to an aggregate of two-thirds (2/3) of the Shares originally subject to the Option, provided that the Participant’s Employment with the Company has not terminated as of such anniversary; and
(iv) On and after the fifth (5th) anniversary of the Date of Grant, the Option shall vest and be exercisable with respect to an aggregate of one hundred percent of the Shares originally subject to the Option provided, that the Participant’s Employment with the Company has not terminated as of such anniversary.
(v) Notwithstanding the foregoing, in the event of (x) the Participant’s death or Disability or (y) the occurrence of a Transaction, the Option shall, to the extent not then vested, automatically become fully vested and exercisable. The portion of the Option which has become vested and exercisable as described herein is hereinafter referred to as the “Vested Portion.” For clarity, the Participant must be actively at work on the anniversary of the Date of the Grant, and this does not include any period of time during which the Participant’s Employment with the Company has being terminated and the Participant is receiving notice of termination pay or severance pay.
(b) If the Participant’s Employment is terminated by the Company for Cause, the Option shall, whether or not vested, be automatically canceled without payment of consideration therefor.
(c) If the Participant’s Employment with the Company terminates for any reason other than (x) Cause or (y) the Participant’s death or Disability, the Option shall, to the extent not previously vested, be automatically cancelled by the Company without payment of consideration therefor as of the last day of active work of the Participant, not including any period for which the Participant is receiving notice of termination pay or severance,...
Vesting; Period of Exercise. 5.1 Subject to the provisions of the ISOP, Options shall vest and become exercisable according to the Vesting Dates set forth in Exhibit A hereto, provided that the Optionee is an Employee of or providing services to the Company and/or its Affiliates on the applicable Vesting Date. Where there is a discrepancy between the terms of Exhibit A and the terms of the ISOP, Exhibit A shall govern.
5.2 All unexercised Options granted to the Optionee shall terminate and shall no longer be exercisable on the Expiration Date.
Vesting; Period of Exercise. Subject to the provisions of the ESOP, Options shall vest and become exercisable according to the Vesting Dates set forth in Exhibit B hereto, provided that the Optionee is employed by or provides services to the Company and/or its Affiliates on the applicable Vesting Date. All unexercised Options granted to the Optionee shall terminate and shall no longer be exercisable on the Expiration Date.
Vesting; Period of Exercise. If not earlier terminated pursuant to the Plan or terms of this Agreement, this SAR is first exercisable, in the portions indicated in the vesting schedule below, and once so vested remains exercisable until it lapses or terminates as provided herein and in the Plan: If there has not been a Termination of Employment then on the following Anniversary(ies) of Grant Date this % of the SARs becomes vested --------------------------------- --------------------------------- 1 year 20% 2 years 40% 3 years 60% 4 years 80% 5 years 100%
Vesting; Period of Exercise. Subject to the provisions of the Plan and the Israeli Appendix, Options shall vest and become exercisable according to the Vesting Dates set forth in Exhibit B hereto, provided that the Optionee is an employee of, or providing services to, the Company and/or its Affiliates on the applicable Vesting Date. All unexercised Options shall expire (and shall no longer be exercisable) on the Expiration Date set forth in Exhibit B hereto, unless sooner terminated pursuant to the provisions of the Plan.
Vesting; Period of Exercise. Subject to the provisions of the Plan and/or the Israeli Appendix and except as otherwise provided for herein, Options shall vest and become exercisable according to the Vesting Dates set forth in Exhibit B hereto, provided that the Optionee is an Employee of, or providing services to, the Company and/or its Affiliates on the applicable Vesting Date. Except as set forth in Section 4 above or in this Section 5, all unexercised Options granted to the Optionee shall terminate and shall no longer be exercisable on the Expiration Date, as described in Section 2.8 of the Plan. Notwithstanding any provisions of the Plan and/or the Israeli Appendix, in the event that the Company terminates Optionee's employment for Cause (as defined in the Employment Agreement), Optionee shall be entitled to exercise the Options vested as of the date of the notice of termination until the lapse of twelve (12) months thereof, and all Options which are not yet vested on the date of such termination shall immediately expire.
Vesting; Period of Exercise. 4.1. Subject to the provisions of the Plan, Options shall vest and become exercisable according to the Vesting Period set forth in Exhibit B hereto. any period in which the Participant shall not be employed by the Group, or in which the Participant shall have taken an unpaid leave of absence (excluding a maternity leave determined by law), or in which the Participant shall cease to serve as Employee, Director or Consultant of the Group, shall not be included in the Vesting Period.
4.2. All unexercised Options granted to the Participant shall terminate and shall no longer be exercisable on the Expiration Date, as described in Section 8.4 of the Plan.
Vesting; Period of Exercise. This Warrant shall vest and be exercisable beginning on May 6, 2005 and shall terminate at 6:00 p.m., New York time on May 6, 2010 (the “Exercise Period”). Certain Agreements of the Company. The Company hereby covenants and agrees as follows:
Vesting; Period of Exercise. 4.1. Subject to the provisions of the Plan, Options shall vest and become exercisable according to the “Vesting Dates,” as set forth in Exhibit A, provided that the Optionee is an Employee of or providing services to the Company and/or its Affiliates on the applicable Vesting Date. Where there is a discrepancy between the terms of Exhibit A and the terms of the Plan, Exhibit A shall govern.
4.2. All unexercised Options granted to the Optionee shall terminate and shall no longer be exercisable on the Expiration Date; provided, however, that an Option may expire as of the end of the “Post-Employment (or service) Exercise Period,” as set forth in Exhibit A.
