Common use of Vesting; Period of Exercise Clause in Contracts

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.

Appears in 5 contracts

Samples: Stock Option Agreement (OphthaliX, Inc.), Stock Option Agreement (OphthaliX, Inc.), Stock Option Agreement (OphthaliX, Inc.)

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