Time and Manner of Exercise of Option. (i) No portion of the option may be exercised more than five years from the respective vesting dates set forth in Sections 2(a), (b) and (c) hereof.
Time and Manner of Exercise of Option. The Option may be exercised by Mommers at any time following the date of this Agreement and on or prior to the second anniversary of the date of this Agreement. The Option shall be exercised by Mommers by delivering to North Tyneside written notice of exercise of such Option. Upon the exercise of such Option, North Tyneside and Mommers shall, as soon as practicable but in no event no later than 10 business days following written notice of such exercise, enter into an asset purchase agreement or other transfer documents
Time and Manner of Exercise of Option. The Option may be exercised by Mommers at any time following the date of this Agreement and on or prior to the second anniversary of the date of this Agreement. The Option shall be exercised by Mommers by delivering to Norrkoping written notice of exercise of such Option. Upon the exercise of such Option, Norrkoping and Mommers shall, as soon as practicable but in no event no later than 10 business days following written notice of such exercise, enter into an asset purchase agreement or other transfer documents relating to the Norrkoping Assets in form and substance mutually agreeable to the parties and consummate the purchase and sale of the Norrkoping Assets as soon as practicable thereafter.
Time and Manner of Exercise of Option. (a) Maximum Term of Option. The Expiration Date of this Option is the date ---------------------- that is ten years from the Date of Grant. This Option may not be exercised on or after the Expiration Date.
Time and Manner of Exercise of Option. (a) Subject to Section 4 below, the Option shall vest and shall be exercisable as to the Shares during the term of employment as follows: Initial Date of Exercisability Number of Option Shares Available for Exercise , , , ,
Time and Manner of Exercise of Option. 3.1 The Option shall not be exercisable prior to [date]. Thereafter, the Option shall only be exercisable, in the amounts and on or after the vesting dates as follows: Shares Becoming Available
Time and Manner of Exercise of Option. (a) This Option shall become exercisable on July 17, 1995. Notwithstanding the foregoing, in the event that any person or entity, including a "group" as contemplated by Section 13(d) (3) of the Securities Exchange Act of 1934, as amended, acquires more than 50% of the outstanding Common Stock of the Company, this Option shall become exercisable immediately prior to the occurrence of any such acquisition (a "Change in Control"). This Option shall also become exercisable pursuant to the provisions of Section 5(b) hereof.
Time and Manner of Exercise of Option. 3.1 The Option shall not be exercisable prior to 11/03/2019 and, thereafter, shall be exercisable in full. Shares Becoming Available On or After for Exercise 11/03/2019 200,000 Not withstanding the foregoing, the Option shall not be exercisable until such time that the Optionee and the Company have duly executed all of the agreements required at the time of grant of the Option by the Company for 1) full-time employment by the Company, if the Optionee is an employee of the Company, including, but not limited to, the Company's Employee Invention, Non-Disclosure and Non-Competition Agreement, or 2) consultancy by the Company, if the optionee is a consultant to the Company, including, but not limited to, the Company's Consultant Agreement, or 3) directorship of the Company, if the Optionee is a director of the Company, including, but not limited to, the Company's Confidentiality and Non-Competition Agreement. In the event of a corporate transaction, including a merger or reorganization, whereby the holders of the outstanding shares of common stock of the Company before the transaction fail to have a beneficial interest of 51 percent or more of the shares of outstanding common stock of the Company or its successor (or its ultimate parent) after the consummation of the transaction, and within 12 months of the consummation of the transaction, the Optionee’s employment is involuntarily terminated, the Option shall become immediately exercisable and shall be vested as if the Optionee had remained employed by the Company for two additional years beyond the actual date of termination of the Optionee’s employment with the Company. For purposes EXHIBIT 10S
Time and Manner of Exercise of Option. (a) The Option shall not be exercisable until __________, but shall be exercisable in full thereafter until terminated. (b) To the extent that the right to exercise the Option has accrued and is in effect, the Option may be exercised in full at one time or in part from time to time, by giving written notice, signed by the person or persons exercising the Option, to the Company, stating the number of Shares with respect to which the Option is being exercised, accompanied by payment in full of the Price for such Shares in cash. There shall be no exercise at any one time as to fewer than Ten (10)
Time and Manner of Exercise of Option. 3.1 The Option shall not be exercisable prior to [date]. Thereafter, the Option shall only be exercisable, in the amounts and on or after the vesting dates as follows: Shares Becoming Available On or After for Exercise STOCK OPTION AGREEMENT (NON-QUALIFIED) PAGE 2 Notwithstanding the foregoing, the Option shall not be exercisable until such time that the Optionee and the Company have duly executed all of the agreements required at the time of grant of the Option by the Company for 1) full-time employment by the Company, if the Optionee is an employee of the Company, including, but not limited to, the Company’s Employee, Invention, Non-Disclosure and Non-Competition Agreement, or 2) consultancy by the Company, if the optionee is a consultant to the Company, including, but not limited to, the Company’s Consultant Agreement, or 3) directorship of the Company, if the Optionee is a director of the Company, including, but not limited to, the Company’s Confidentiality and Non-Competition Agreement.
