Common use of Conditions of Exercise Clause in Contracts

Conditions of Exercise. (a) Subject to Paragraph 5 below, the Option shall vest at such time or times as are set forth in Appendix A hereto. (b) Except as otherwise provided herein, the right of the Optionee to purchase Option Shares with respect to which the Option has become exercisable and vested may be exercised in whole or in part at any time or from time to time prior to the Expiration Date; provided, however, that the Option may not be exercised for a fraction of a Share.

Appears in 4 contracts

Sources: Nonqualified Stock Option Agreement (Kinetic Concepts Inc), International Stock Option Agreement (Kinetic Concepts Inc), Nonqualified Stock Option Agreement (Kinetic Concepts Inc /Tx/)

Conditions of Exercise. (a) Subject to Paragraph 5 below, the Option shall vest at such time or times as are set forth in Appendix A hereto. (b) Except as otherwise provided herein, the right of the Optionee to purchase obtain Option Shares with respect to which the Option has become exercisable and vested may be exercised in whole or in part at any time or from time to time prior to the Expiration Date; provided, however, that the Option may not be exercised for a fraction of a Share.

Appears in 2 contracts

Sources: Cashless International Stock Option Agreement (Kinetic Concepts Inc), Cashless International Stock Option Agreement (Kinetic Concepts Inc /Tx/)

Conditions of Exercise. (a) Subject to Paragraph Section 5 below, the Option shall vest at such time or times become vested as are set forth in Appendix A heretofollows: [INSERT VESTING SCHEDULE]. (b) Except as otherwise provided hereinPrior to the Expiration Date, the right of the Optionee this Option may, subject to purchase Option Shares with respect to which the Option has become exercisable and vested may Section 5 below, be exercised in whole or in part at any time or from time time, but only as to time prior to the Expiration Date; provided, however, Option Shares that the have vested. (c) This Option may not be exercised for a fraction of a Shareshare.

Appears in 1 contract

Sources: Nonqualified Stock Option Agreement (Amerigroup Corp)