Exercisability of Vested Options Clause Samples

The Exercisability of Vested Options clause defines when and how an individual who holds stock options that have vested may exercise their right to purchase shares. Typically, this clause specifies that once options have vested according to the vesting schedule, the holder can exercise them at any time before the options expire, subject to any blackout periods or company policies. Its core practical function is to provide clarity on the rights of option holders, ensuring they understand when they can convert their vested options into shares and under what conditions, thereby preventing disputes or confusion regarding the exercise process.
Exercisability of Vested Options. Vested Options may be exercised in accordance with procedures set forth in Section 2.3.5 of the AIG 2013 Omnibus Incentive Plan, including procedures established by the Company. Stock Options that are not vested may not be exercised.
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Exercisability of Vested Options. (a) Options that are not vested may not be exercised. Vested Options may be exercised in accordance with procedures established by the Committee. The Committee may from time to time prescribe periods during which the vested Options shall not be exercisable. (b) Unless the Committee determines otherwise, and except as provided in Paragraph 5(f), any outstanding vested Options shall cease to be exercisable, and your rights in respect of such Options shall immediately terminate, if prior to the exercise of such Options: (i) any of the events specified in Paragraph 4(c)(i)(B) or (C), or Paragraph 4(d)(ii)(A) or (B), have occurred; or (ii) you fail to certify to GS Inc., in accordance with procedures established by the Committee, with respect to each Option exercise date that you have complied, or the Committee determines that you in fact have failed as of such Option exercise date to comply, with all the terms and conditions of this Award Agreement. By accepting the delivery of Shares upon exercise of any Options, you shall be deemed to have represented and certified at such time that you have complied with all the terms and conditions of this Award Agreement.
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Exercisability of Vested Options. Employee’s period to exercise his Options, to the extent vested, shall be extended to July 30, 2003. The terms of the existing Stock Option Agreements and Stock Plan shall continue to govern all other aspects of Employee’s exercise and vesting of Options, and if applicable, the Company’s right to repurchase any common stock issued pursuant to such Options.
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Exercisability of Vested Options. Pursuant to Section 4(a) of the Employment Agreement, Executive’s period to exercise his stock options, to the extent vested, shall be extended to the eighteenth (18) month anniversary of the Termination Date. The terms of the existing Stock Option Agreements shall continue to govern all other aspects of Executive’s exercise and vesting of stock options, and if applicable, the Company’s right to repurchase any common stock issued pursuant to such stock options.
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Exercisability of Vested Options 
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Related to Exercisability of Vested Options

  • Exercisability of Option Unless otherwise provided in this Agreement or the Plan, this Option shall entitle the Participant to purchase, in whole at any time or in part from time to time, to the extent the Option is vested in accordance with the vesting schedule herein, the Shares subject to this Option, and each such right of purchase shall be cumulative and shall continue, unless sooner exercised or terminated as herein provided, during the remaining Option Period.

  • Vesting and Exercisability of Option The Option shall vest, and may be exercised, with respect to the Shares as set forth in the Optionee Statement attached hereto and made a part hereof, subject to earlier termination of the Option as provided in Sections 1.4 and 6 hereof or in the Plan. The right to purchase the Shares as they become vested shall be cumulative and shall continue during the Exercise Term unless sooner terminated as provided herein.

  • Vested Options On the next regularly scheduled payroll date of the Surviving Corporation occurring more than five (5) Business Days but less than twenty (20) Business Days following the Closing Date, the Surviving Corporation shall pay to each holder of a Vested Option (other than with respect to Non-Withholding Options) for whom Acquiror has received a duly executed Option Termination Agreement an amount in cash equal to the number of shares of Common Stock subject to such Vested Option multiplied by an amount equal to the difference between (a) the Per Share Closing Consideration, minus (b) the exercise price per share under such Vested Option, minus (c) such holder’s applicable Percentage of the Escrow Amount in respect of such Vested Option (the “Closing Options Payout Amount”). Following the Effective Time, the Paying Agent shall cause the applicable Closing Options Payout Amount to be paid to each holder of a Vested Option which is a Non-Withholding Option for whom Acquiror has received a duly executed Option Termination Agreement. The Closing Options Payout Amount payable to each holder of a Vested Option shall be set forth opposite such holder’s name on the Payment Schedule (such consideration subject to adjustment as provided herein and any applicable withholding Taxes). In the event of a conflict between the Payment Schedule and the provisions of this Agreement, the Payment Schedule shall control. Notwithstanding anything to the contrary herein or in the Company’s Amended and Restated Certificate of Incorporation (as amended as of the date hereof) (the “Restated Certificate”), Acquiror, Merger Sub, the Surviving Corporation, the Equityholder Representative and the Paying Agent shall be entitled to rely on the Payment Schedule as conclusive evidence of amounts payable to the holders of Vested Options pursuant to this Agreement. Each holder of a Vested Option, subject to receipt of a duly executed Option Termination Agreement, shall be entitled to receive with respect to each Vested Option subject thereto, such holder’s Percentage of the Earnout Payments, as and when such payments are required to be made, which amount shall be paid on the same schedule and on the same terms and conditions as apply to the Stockholders generally.

  • Unvested Options Except where prohibited by Applicable Law, each Unvested Option held by a Continuing Employee shall, on the terms and subject to the conditions set forth in this Agreement, be assumed and converted by Acquirer (such Unvested Options assumed hereunder, the “Assumed Options”) in accordance with Section 409A of the Code and Section 424 of the Code, and the attendant Treasury Regulations under such Code sections, and in accordance with Section 5.12. As set forth in Section 5.12, subject to any agreement entered into by such Continuing Employee with Acquirer or the Surviving Corporation, each Assumed Option shall be subject to the same vesting arrangements (including with respect to any acceleration existing as of the date hereto) that were applicable to such Assumed Option immediately prior to or at the Effective Time, except that (i) such Assumed Option shall be exercisable for that number of whole shares of Acquirer Class A Common Stock equal to the product (rounded down to the next whole number of shares of Acquirer Class A Common Stock, with no cash being payable for any fractional share eliminated by such rounding) of the number of shares of Company Common Stock that were issuable upon exercise of such option immediately prior to the Effective Time and the Option Exchange Ratio, (ii) the per share exercise price for the shares of Acquirer Class A Common Stock issuable upon exercise of such Assumed Option shall be equal to the quotient (rounded up to the next whole cent) obtained by dividing the exercise price per share of Company Common Stock at which such option was exercisable immediately prior to the Effective Time by the Option Exchange Ratio and (iii) subject to obtaining any consent required under the Company Option Plan from such Company Optionholder, no Assumed Option may be “early exercised” (i.e., an Assumed Option may be exercised for shares of Acquirer Class A Common Stock only to the extent the Assumed Option is vested at the time of exercise pursuant to the applicable vesting schedule). Acquirer will not assume any Unvested Options held by Persons that do not become Continuing Employees as of the Effective Time, and each such Unvested Option that is not an Assumed Options shall be cancelled for no consideration.

  • Exercisability This option shall be exercisable as to: 400 immediate This option shall remain exercisable as to all vested shares until January 1,2014 (but not later than ten (10) years from the date this option is granted) unless this option has expired or terminated earlier in accordance with the provisions hereof or in the Plan. Subject to paragraphs 4 and 5, shares as to which this option becomes exercisable pursuant to the foregoing provision may be purchased at any time prior to expiration of this option.