Common use of Effect of Exercise Clause in Contracts

Effect of Exercise. Exercise of this Option in any manner shall result in a decrease in the number of Shares which thereafter may be available for sale under this Option by the number of Shares as to which this Option is exercised.

Appears in 8 contracts

Sources: Non Qualified Stock Option Agreement (Gtsi Corp), Nonstatutory Stock Option Agreement (Earthlink Network Inc /De/), Non Qualified Stock Option Agreement (Gtsi Corp)

Effect of Exercise. Exercise of this the Option in any manner shall result in a decrease in the number of Shares which thereafter may will be available for sale under this the Option by the number of Shares as to which this the Option is exercised.

Appears in 1 contract

Sources: Option Agreement (Jennifer Convertibles Inc)