Exercisability Schedule Sample Clauses
An Exercisability Schedule clause defines the specific timeframes or conditions under which certain rights, such as options or warrants, may be exercised by a party. Typically, this schedule outlines dates, milestones, or events that trigger the ability to exercise these rights, and may include limitations or phased vesting periods. By clearly setting out when and how rights can be exercised, the clause ensures predictability and prevents disputes over timing or eligibility.
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as defined in Section 2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall be exercisable with respect to the following number of Option Shares on the dates indicated so long as the Optionee remains an employee of the Company or a Subsidiary on such dates: * Max. of $100,000 per yr. Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan.
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as defined in Section 2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall be exercisable with respect to the following number of Option Shares on the dates indicated:
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator to accelerate the exercisability schedule hereunder, this Stock Option shall become exercisable with respect to the following number of Option Shares on the dates indicated, so long as the Optionee remains in employment with the Company or a Subsidiary on the Exercisability Date specified below: _____________ _____________ (25%) _____________ (25%) _____________ _____________ (25%) _____________ (50%) _____________ _____________ (25%) _____________ (75%) _____________ _____________ (25%) _____________ (100%) Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions of this Agreement and the Plan.
Exercisability Schedule. This Option may be exercised at any time and from time to time for the number of shares and in accordance with the Agreement. This Option may not be exercised as to any shares after the Expiration Date.
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as defined in Section 2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall be vested and exercisable as follows: 25% of the number of Option Shares as set forth above shall become vested and exercisable on the first anniversary of the Grant Date and the remaining number of Option Shares set forth above shall become vested and exercisable in 12 equal quarterly installments thereafter so long as the Optionee remains an employee of the Company or a Subsidiary on such vesting dates. Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan.
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as defined in Section 2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall become exercisable with respect to the following number of Option Shares on the dates indicated, so long as the Optionee remains a Director of the Company: (— %) (— %) (— %) (— %) (— %) (100 %) In the event of the termination of the Optionee’s service as a Director because of death, this Stock Option shall become immediately exercisable in full, whether or not otherwise exercisable at such time. Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan.
Exercisability Schedule. No portion of the Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Committee to accelerate the exercisability schedule hereunder, the Stock Option shall be exercisable with respect to the following number of Option Shares on the dates indicated: Incremental Number of Option Shares Exercisable Exercisability Date Once exercisable, the Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan. Notwithstanding anything herein to the contrary or in the Plan, in the event of a Change of Control, the Stock Option shall become fully exercisable as of the effective time of the Change of Control.
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall vest and become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as defined in Section 2 of the Stock Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall vest and become exercisable with respect to the following number of Option Shares on the dates indicated so long as Optionee remains an employee of the Company or a Subsidiary on such dates: Notwithstanding anything to the contrary in this Non-Qualified Stock Option Agreement, (a) in the event that this Stock Option is not substituted, assumed or continued in connection with a Sale Event, 100% of any unvested Option Shares shall become exercisable immediately prior to the consummation such Sale Event so long as the Optionee remains an employee of the Company or a Subsidiary at such time; (b) in the event that this Stock Option is substituted, assumed, or continued in connection with a Sale Event (such substituted, assumed, or continued Award, a “Converted Award”), 100% of any unvested Converted Award shall become immediately exercisable upon the termination of the Optionee’s employment with the Company or its successor within 12 months following the Sale Event by either the Company or its successor without Cause or by the Optionee for Good Reason or due to the Optionee’s death or disability; and (c) this Stock Option shall be subject to additional acceleration of exercisability to the extent expressly provided by any written employment agreement between the Optionee and the Company or a Subsidiary (including, for the avoidance of doubt, pursuant to Section 5 of the Employment Agreement among the Company, ▇▇▇▇ Health, LLC, and the Optionee).
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as defined in Section 2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall be exercisable with respect to the following number of Option Shares on the dates indicated: Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan. In the case of and subject to the consummation of a Sale Event, this Stock Option shall vest and become fully exercisable as of the effective time of the Sale Event.
Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have become exercisable. Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan.
(a) Notwithstanding anything herein to the contrary, in the event (and only in the event) that this Stock Option is assumed or continued by the Company or its successor entity or acquiror upon a Sale Event and thereafter remains in effect following such Sale Event, and the Optionee’s employment with the Company, its Subsidiaries or successor entity(the “Employer”) is terminated by the Employer without Cause or by the Optionee for Good Reason within 12 months following such Sale Event, then this Stock Option shall be deemed vested and exercisable in full with respect to such number of Option Shares that would have vested within the three month period following such termination of employment.
(b) For purposes of this Agreement, “Cause” shall mean (i) gross negligence or willful misconduct by the Optionee in the performance of the Optionee’s duties to the Employer that is not cured within 30 days of written notice thereof, where such gross negligence or willful misconduct has resulted or is likely to result in substantial and material damage to the Employer; (ii) any material breach by the Optionee of any agreement between the Optionee and the Employer; (iii) a material and willful violation by the Optionee of any federal or state law; (iv) commission by the Optionee of any act of fraud with respect to the Employer; or (v) the Optionee’s commission of an act of moral turpitude or conviction of or entry of a plea of nolo contendere to a felony. For purposes of this Agreement, “Good Reason” shall mean (a) a material diminution of the Optionee’s base compensation (other than in connection with a general decrease in base salaries for most similarly situated employees of the Employer); or (b) a material change in the geographic location at which the Optionee provides services to the Employer. In the event the Optionee is a party to an agreement with the Employer or any Subsidiary that contains a different definition of “Cause” and/or “Good Reason” (or such other similar concept), the definition(s) set forth in such other agreement shall be applicable to the Optionee for purposes of this Agreement.