Right to Exercise definition

Right to Exercise. The Option Right shall be exercisable as of the Date of Grant as to _____ shares of Common Stock. Of the remaining _____ shares of Common Stock, the Option Right in respect of one-third of such shares shall become exercisable on each of the first three anniversaries of the Date of Grant, if the Optionee remains in the continuous employment of the Company through such date.
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Right to Exercise. The Option in respect of one-fifth (1/5) or 20.0% of the shares shall become exercisable on each of the first five anniversaries of the Date of Grant, if the Optionee remains in the continuous employment of the Company through such dates.
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Right to Exercise is set forth at Section 3.1 of the Optionee’s Stock Option Agreement dated as of the Date of Option Grant.
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Examples of Right to Exercise in a sentence

  • Notwithstanding the provisions of Section 2 "Right to Exercise Option" and Section 3 "Termination of Employment" of this Agreement, in the event of a Change in Control, any portion of this option that is then not exercisable shall become immediately exercisable.

  • The period of time within which the Option to Extend may be exercised shall not be extended or enlarged by reason of Tenant's inability to exercise the Option to Extend because of the foregoing provisions of this Paragraph, even if the effect thereof is to eliminate Tenant's Right to Exercise the Option to Extend.

  • The following provision supplements Section 4(a) of the Option Terms (Right to Exercise): Notwithstanding anything to the contrary in the Award Agreement, the Option may not be exercised until such time as all necessary approvals from SAFE have been received under applicable exchange control rules with respect to options granted under the Plan, as determined by the Company in its sole discretion.

  • If the Authority failed to exercise its right of first within 45 days of its receipt of the Notice of Right to Exercise Right of First Refusal, then would be free to deliver the Conserved Water to XYZ under its Shortage Contract without regard to the Authority’s projected or existing shortage under this Agreement.

  • Within five days of the later of the Board’s approval or execution of the Shortage Contract, would be required to send a copy of the Shortage Contract and a Notice of Right to Exercise Right of First Refusal to the Authority.


More Definitions of Right to Exercise

Right to Exercise. On each anniversary of the Date of Grant the number of Optioned Shares equal to 20% multiplied by the initial number of Optioned Shares.
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Right to Exercise schedules set forth in the Agreements, on the date of the Executive Subcommittee of the Compensation Committee’s decision as indicated on the attached Exhibit A, each of the Options granted under the Agreements shall be fully vested and exercisable as to all Shares subject to such Option for the remaining term of such Option in accordance with and subject to the terms and conditions of the Plan and the applicable Agreement.
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