Amount of Exercise. Subject to the provisions of this Agreement and the Plan, the Option shall be exercisable in accordance with the following schedule: (a) prior to the first anniversary of the Start Date, the Option may not be exercised; (b) on or after the first anniversary of the Start Date but before the second anniversary of the Start Date, the Option may be exercised to acquire up to 25% of the aggregate number of shares of Common Stock that may be purchased pursuant to the Option as set forth in Section 1 hereof, less any shares previously acquired pursuant to the Option; (c) on or after the second anniversary of the Start Date but before the third anniversary of the Start Date, the Option may be exercised to acquire up to 50% of the aggregate number of shares of Common Stock that may be purchased pursuant to the Option as set forth in Section 1 hereof, less any shares previously acquired pursuant to the Option; (d) on or after the third anniversary of the Start Date but before the fourth anniversary of the Start Date, the Option may be exercised to acquire up to 75% of the aggregate number of shares of Common Stock that may be purchased pursuant to the Option as set forth in Section 1 hereof, less any shares previously acquired pursuant to the Option; and (e) on or after the fourth anniversary of the Start Date, the Option may be exercised to acquire up to 100% of the aggregate number of shares of Common Stock that may be purchased pursuant to the Option as set forth in Section 1 hereof, less any shares previously acquired pursuant to the Option;
Appears in 2 contracts
Sources: Stock Option Agreement (Deltek, Inc), Stock Option Agreement (Deltek, Inc)
Amount of Exercise. Subject to the provisions of this Agreement and the Plan, the Option shall be exercisable in accordance with the following schedule:
(a) prior Prior to the first anniversary of the Start Datevesting commencement date set forth in the Grant Notice, the Option may not be exercised;
(b) on or after the first anniversary of the Start Date such vesting commencement date but before the second anniversary of the Start Datesuch vesting Commencement date, the Option may be exercised to acquire up to 25% of the aggregate number of shares of Common Stock that may be purchased pursuant to the Option as set forth in Section 1 hereof, less any shares previously acquired pursuant to the Option;
(c) on or after the second anniversary of the Start Date such vesting commencement date but before the third anniversary of the Start Datesuch vesting commencement date, the Option may be exercised to acquire up to 50% of the aggregate number of shares of Common Stock that may be purchased pursuant to the Option as set forth in Section 1 hereof, less any shares previously acquired pursuant to the Option;
(d) on or after the third anniversary of the Start Date such vesting commencement date but before the fourth anniversary of the Start Datesuch vesting commencement date, the Option may be exercised to acquire up to 75% of the aggregate number of shares of Common Stock that may be purchased pursuant to the Option as set forth in Section 1 hereof, less any shares previously acquired pursuant to the Option; and
(e) on or after the fourth anniversary of the Start Datesuch vesting commencement date, the Option may be exercised to acquire up to 100% of the aggregate number of shares of Common Stock that may be purchased pursuant to the Option as set forth in Section 1 hereof, less any shares previously acquired pursuant to the Option;.
Appears in 2 contracts
Sources: Stock Option Agreement (Deltek, Inc), Stock Option Agreement (Deltek, Inc)
Amount of Exercise. Subject to the provisions of this Agreement and the PlanAgreement, the Option shall be exercisable in accordance with the following schedule:
(a) prior to the first anniversary of the Start Date, the Option may not be exercised;
(b) on or after the first anniversary of the Start Date date hereof but before the second anniversary of the Start Datedate hereof, the Option may be exercised to acquire up to 25% one-third of the aggregate number of shares of Class A Common Stock that which may be purchased pursuant to the Option as set forth in Section 1 1.1 hereof, less any shares previously acquired pursuant to the Option;
(b) on or after the second anniversary of the date hereof but before the third anniversary of the date hereof, the Option may be exercised to acquire up to two-thirds of the aggregate number of shares of Class A Common Stock which may be purchased pursuant to the Option as set forth in Section 1.1 hereof, less any shares previously acquired pursuant to the Option;
(c) on or after the second anniversary of the Start Date but before the third anniversary of the Start Date, the Option may be exercised to acquire up to 50% of the aggregate number of shares of Common Stock that may be purchased pursuant to the Option as set forth in Section 1 hereof, less any shares previously acquired pursuant to the Option;
(d) on or after the third anniversary of the Start Date date hereof but before the fourth anniversary expiration of the Start Date, the Option may be exercised to acquire up to 75% term of the aggregate number of shares of Common Stock that may be purchased pursuant to the Option as set forth in Section 1 hereof, less any shares previously acquired pursuant to the Option; and
(e) on or after the fourth anniversary of the Start Date, the Option may be exercised to acquire up to 100% of the aggregate number of shares of Class A Common Stock that which may be purchased pursuant to the Option as set forth in Section 1 1.1 hereof, less any shares previously acquired pursuant to the Option;.
Appears in 2 contracts
Sources: Stock Option Agreement (Community Health Systems Inc/), Stock Option Agreement (Community Health Systems Inc/)
Amount of Exercise. Subject to the provisions of this Agreement and the Plan, the Option shall be exercisable in accordance with the following schedule:
(a) prior Prior to the first anniversary of the Start vesting commencement date set forth in the Grant Notice (the “Vesting Commencement Date”), the Option may not be exercised;
(b) on On or after the first anniversary of the Start Vesting Commencement Date but before the second anniversary of the Start Vesting Commencement Date, the Option may be exercised to acquire up to 25% of the aggregate number of shares of Common Stock Shares that may be purchased pursuant to the Option as set forth in Section 1 hereof1, less any shares previously acquired pursuant to the Option;
(c) on On or after the second anniversary of the Start Vesting Commencement Date but before the third anniversary of the Start Vesting Commencement Date, the Option may be exercised to acquire up to 50% of the aggregate number of shares of Common Stock Shares that may be purchased pursuant to the Option as set forth in Section 1 hereof, less any shares previously acquired pursuant to the Option;
(d) on On or after the third anniversary of the Start Vesting Commencement Date but before the fourth anniversary of the Start Vesting Commencement Date, the Option may be exercised to acquire up to 75% of the aggregate number of shares of Common Stock Shares that may be purchased pursuant to the Option as set forth in Section 1 hereof, less any shares previously acquired pursuant to the Option; and
(e) on On or after the fourth anniversary of the Start Vesting Commencement Date, the Option may be exercised to acquire up to 100% of the aggregate number of shares of Common Stock Shares that may be purchased pursuant to the Option as set forth in Section 1 hereof, less any shares previously acquired pursuant to the Option;; provided, however, that notwithstanding the foregoing schedule as to exercisability, in the event of a Change in Control occurring while the Optionee is employed by the Company, the Option shall become exercisable in full to the extent then unexercisable if your employment is terminated on the date of or within 18 months following a Change in Control either by the Company or its successor without Cause or by you for Good Reason. provided, however, that notwithstanding the foregoing schedule as to exercisability, in the event of a Change in Control occurring while the Optionee is employed by the Company, the Option shall become exercisable in full to the extent then exercisable.
Appears in 1 contract
Amount of Exercise. Subject to the provisions of this Agreement and the Plan, the Option shall be exercisable in accordance with the following schedule:
(a) prior Prior to the first anniversary of [Insert either (i) For new hires, the Start first day of employment or (ii) in all other situations, the grant date set forth in the Grant Notice] (the “Vesting Commencement Date, ,” the Option may not be exercised;
(b) on or after the first anniversary of the Start such Vesting Commencement Date but before the second anniversary of the Start such Vesting Commencement Date, the Option may be exercised to acquire up to 25% of the aggregate number of shares of Common Stock that may be purchased pursuant to the Option as set forth in Section 1 hereof1, less any shares previously acquired pursuant to the Option;
(c) on or after the second anniversary of the Start such Vesting Commencement Date but before the third anniversary of the Start such Vesting Commencement Date, the Option may be exercised to acquire up to 50% of the aggregate number of shares of Common Stock that may be purchased pursuant to the Option as set forth in Section 1 hereof, less any shares previously acquired pursuant to the Option;
(d) on or after the third anniversary of the Start such Vesting Commencement Date but before the fourth anniversary of the Start such Vesting Commencement Date, the Option may be exercised to acquire up to 75% of the aggregate number of shares of Common Stock that may be purchased pursuant to the Option as set forth in Section 1 hereof, less any shares previously acquired pursuant to the Option; and
(e) on or after the fourth anniversary of the Start such Vesting Commencement Date, the Option may be exercised to acquire up to 100% of the aggregate number of shares of Common Stock that may be purchased pursuant to the Option as set forth in Section 1 hereof, less any shares previously acquired pursuant to the Option;.
Appears in 1 contract
Sources: Stock Option Agreement (Deltek, Inc)
Amount of Exercise. Subject to the provisions of this Agreement and the Plan, the Option shall be vest and become exercisable in accordance with the following schedule:
(a) prior Prior to the first anniversary of the Start DateDate of Grant, the Option may not be exercised;
(b) on On or after the first anniversary of the Start Date of Grant but before the second anniversary of the Start DateDate of Grant, the Option may be exercised to acquire up to twenty five percent (25% %) of the aggregate number of shares of Common Stock Shares that may be purchased pursuant to the Option as set forth in Section 1 hereof, less any shares Shares previously acquired pursuant to the Option;
(c) on On or after the second anniversary of the Start Date of Grant but before the third anniversary of the Start DateDate of Grant, the Option may be exercised to acquire up to fifty percent (50% %) of the aggregate number of shares of Common Stock Shares that may be purchased pursuant to the Option as set forth in Section 1 hereof, less any shares Shares previously acquired pursuant to the Option;
(d) on On or after the third anniversary of the Start Date of Grant but before the fourth anniversary of the Start DateDate of Grant, the Option may be exercised to acquire up to seventy five percent (75% %) of the aggregate number of shares of Common Stock Shares that may be purchased pursuant to the Option as set forth in Section 1 hereof, less any shares Shares previously acquired pursuant to the Option; and
(e) on On or after the fourth anniversary of the Start DateDate of Grant, the Option may be exercised to acquire up to one hundred percent (100% %) of the aggregate number of shares of Common Stock Shares that may be purchased pursuant to the Option as set forth in Section 1 hereof, less any shares Shares previously acquired pursuant to the Option;. The portion of the Option which has become vested and exercisable as described in this Section 4.1 is hereinafter referred to as the “Vested Portion of the Option” and the portion of the Option which has not become vested and exercisable as described in this Section 4.1 is hereinafter referred to as the “Unvested Portion of the Option.”
Appears in 1 contract
Sources: Nonqualified Stock Option Agreement (Avantor, Inc.)
Amount of Exercise. Subject to the provisions of this Agreement and the Plan, the Option shall be exercisable in accordance with the following schedule:
(a) prior Prior to the first anniversary of the Start vesting commencement date set forth in the Grant Notice (the “Vesting Commencement Date”), the Option may not be exercised;
(b) on On or after the first anniversary of the Start Vesting Commencement Date but before the second anniversary of the Start Vesting Commencement Date, the Option may be exercised to acquire up to 25% of the aggregate number of shares of Common Stock Shares that may be purchased pursuant to the Option as set forth in Section 1 hereof1, less any shares previously acquired pursuant to the Option;
(c) on On or after the second anniversary of the Start Vesting Commencement Date but before the third anniversary of the Start Vesting Commencement Date, the Option may be exercised to acquire up to 50% of the aggregate number of shares of Common Stock Shares that may be purchased pursuant to the Option as set forth in Section 1 hereof, less any shares previously acquired pursuant to the Option;
(d) on On or after the third anniversary of the Start Vesting Commencement Date but before the fourth anniversary of the Start Vesting Commencement Date, the Option may be exercised to acquire up to 75% of the aggregate number of shares of Common Stock Shares that may be purchased pursuant to the Option as set forth in Section 1 hereof, less any shares previously acquired pursuant to the Option; and
(e) on On or after the fourth anniversary of the Start Vesting Commencement Date, the Option may be exercised to acquire up to 100% of the aggregate number of shares of Common Stock Shares that may be purchased pursuant to the Option as set forth in Section 1 hereof, less any shares previously acquired pursuant to the Option;
Appears in 1 contract
Sources: Stock Option Agreement (Deltek, Inc)
Amount of Exercise. Subject to the provisions of this Agreement and the Plan, the Option shall be exercisable in accordance with the following schedule:
(a) prior Prior to the first anniversary of the Start vesting commencement date set forth in the Grant Notice (the “Vesting Commencement Date”), the Option may not be exercised;
(b) on On or after the first anniversary of the Start Vesting Commencement Date but before the second anniversary of the Start Vesting Commencement Date, the Option may be exercised to acquire up to 25% of the aggregate number of shares of Common Stock Shares that may be purchased pursuant to the Option as set forth in Section 1 hereof1, less any shares previously acquired pursuant to the Option;
(c) on On or after the second anniversary of the Start Vesting Commencement Date but before the third anniversary of the Start Vesting Commencement Date, the Option may be exercised to acquire up to 50% of the aggregate number of shares of Common Stock Shares that may be purchased pursuant to the Option as set forth in Section 1 hereof, less any shares previously acquired pursuant to the Option;
(d) on On or after the third anniversary of the Start Vesting Commencement Date but before the fourth anniversary of the Start Vesting Commencement Date, the Option may be exercised to acquire up to 75% of the aggregate number of shares of Common Stock Shares that may be purchased pursuant to the Option as set forth in Section 1 hereof, less any shares previously acquired pursuant to the Option; and
(e) on On or after the fourth anniversary of the Start Vesting Commencement Date, the Option may be exercised to acquire up to 100% of the aggregate number of shares of Common Stock Shares that may be purchased pursuant to the Option as set forth in Section 1 hereof, less any shares previously acquired pursuant to the Option;.
Appears in 1 contract
Sources: Stock Option Agreement (Deltek, Inc)