Vesting Schedule and Expiration. Except as otherwise provided in this Agreement, this option shall expire at 4:00 p.m., Eastern time, on the Expiration Date indicated on the opposite side of this Agreement. This option will become exercisable (“vest”) in installments as to the number of shares and during the respective installment periods set forth on the opposite side of this Agreement. The right of exercise shall be cumulative so that if the option is not exercised to the maximum extent permissible during an exercise period, it shall continue to be exercisable, in whole or in part, with respect to all shares not so purchased at any time prior to the Expiration Date or the earlier termination of this option. This option may not be exercised at any time after the Expiration Date.
Vesting Schedule and Expiration. This Option shall not be exercisable prior to the vesting date set forth in Exhibit A attached hereto or subsequent to the expiration date set forth therein unless extended by the Board of Directors or the Option Committee. During the exercise period, the Option may be exercised by the Optionee (or such other person or persons authorized to exercise Options under the Plan), in whole or in part, from time to time, subject to the maximum percentage of Options then exercisable in accordance with the schedule set forth in Exhibit A attached hereto. The Corporation agrees to maintain during such exercise period a sufficient number of Shares (which may be authorized and unissued Shares or issued Shares that have been reacquired by the Corporation) corresponding to the number of unexercised Options granted to the Optionee after taking into account any Share adjustment under the Plan.
Vesting Schedule and Expiration. This Option is not exercisable in any part until one year after the date of grant. Upon the expiration of one year after the date of grant and subject to the provisions for termination and acceleration herein, this Option shall become exercisable in installments as follows: This Option may not in the aggregate be exercised as to more than 25% of the total number of shares optioned until one year after the date of grant; nor as to more than 75% of the total number of shares optioned until two years after the date of grant; in each case to the nearest whole share. Upon the expiration of three years after the date of grant this Option may be exercised as to all optioned shares for which it had not previously been exercised, until and including the expiration date of this Option wherein upon the Option shall expire and may thereafter no longer be exercised.
Vesting Schedule and Expiration. Options to purchase 600,000 shares are exerciseable after October 1, 2003 until October 1, 2013. Options to purchase the second 600,000 shares are exerciseable after October 1, 2004 until October 1, 2013.
Vesting Schedule and Expiration. This Option shall not be exercisable prior to the vesting date set forth in Exhibit A attached hereto or subsequent to the expiration date set forth therein unless extended by the Board of Directors or the Option Committee. During the exercise period, the Option may be exercised by the Optionee (or such other person or persons authorized to exercise Options under the Plan), in whole or in part, from time to time, subject to the maximum percentage of Options then exercisable in accordance with the schedule set forth in Exhibit A attached hereto. The Corporation agrees to maintain during such exercise period a sufficient number of Shares (which may be authorized and unissued Shares or issued Shares that have been reacquired by the Corporation) corresponding to the number of unexercised Options granted to the Optionee after taking into account any Share adjustment under the Plan. Restrictions on Transferability of Options. This Option may not be transferred by the Optionee other than by will or the laws of descent and distribution and may be exercised during the Optionee's lifetime only by the Optionee or the Optionee's guardian or legal representative. A transfer of an Option by will or the laws of descent and distribution shall not be effective unless the Option Committee shall have been furnished with such evidence as it may deem necessary to establish the validity and effectiveness of the transfer.
Vesting Schedule and Expiration. This Option is not exercisable in any part until one year after the date of the grant. Upon the expiration of one year after the grant and subject to the provisions for termination and acceleration herein, this Option shall become exercisable in installments as follows: These Options may not in the aggregate be exercised as to more than 50% of the total number of share of Common Stock optioned and 50% of the total number of shares of "B" Stock optioned until one year after the date of grant. Upon the expiration of two years after the date of grant this Option may be exercised as to all optioned shares for which it had not previously been exercised, until and including the expiration date of this Option where upon the Option shall expire and may thereafter no longer be exercised.
Vesting Schedule and Expiration. Options to purchase 1,200,000 shares are exerciseable after April 14, 2006 until April 14, 2016
Vesting Schedule and Expiration. This Option shall be exercisable on the date hereof and expire on March 31, 2012. During the exercise period, the Option may be exercised by the Optionee, in whole or in part, from time to time. The Corporation agrees to maintain during such exercise period a sufficient number of shares (which may be authorized and unissued shares or issued shares that have been reacquired by the Corporation) corresponding to the number of unexercised Options granted to the Optionee.
Vesting Schedule and Expiration. This Option is not exercisable in any part until 30 days after the date of grant. Upon the expiration of 30 days after the date of grant and subject to the provisions for termination and acceleration herein, this Option shall become exercisable in full or in part at the option of the holder
Vesting Schedule and Expiration. Except as otherwise specified in this Agreement, this option vests and becomes exercisable in installments as set forth in the Grant (each, an "INSTALLMENT") and expires on the earlier of:
(1) the seventh anniversary of the date on which the option was granted (the "EXPIRATION DATE"); or
(2) the termination of the option under any other provision of this Agreement.
