Common use of Exercisability/Vesting Clause in Contracts

Exercisability/Vesting. (a) This option shall be immediately exercisable for any or all of the Option Shares, whether or not the Option Shares are at the time vested in accordance with the Vesting Schedule, and shall remain so exercisable until the Expiration Date or sooner termination of the option term under Paragraph 5, 6 or 7. (b) Optionee shall, in accordance with the Vesting Schedule set forth in the Grant Notice, vest in the Option Shares in one or more installments over his or her period of Board service. Vesting in the Option Shares may be accelerated pursuant to the provisions of Paragraph 5, 6 or 7. In no event, however, shall any additional Option Shares vest following Optionee's cessation of service as a Board member.

Appears in 7 contracts

Sources: Automatic Stock Option Agreement (Odetics Inc), Automatic Stock Option Agreement (Trikon Technologies Inc), Automatic Stock Option Agreement (Kana Communications Inc)

Exercisability/Vesting. (a) This option shall be immediately exercisable for any or all of the Option Shares, whether or not the Option Shares are at the time vested in accordance with the Vesting ScheduleSchedule set forth in the Grant Notice, and shall remain so exercisable until the Expiration Date or the sooner termination of the option term under Paragraph 5, 6 or 7. (b) Optionee shall, in accordance with the Vesting Schedule set forth in the Grant Notice, vest in the Option Shares in one or more a series of installments over his or her period of Board service. Vesting in the Option Shares may be accelerated pursuant to the provisions of Paragraph 5, 6 or 7. In no event, however, shall any additional Option Shares vest following Optionee's cessation of service as a Board member.

Appears in 4 contracts

Sources: Automatic Stock Option Agreement (Endorex Corp), Automatic Stock Option Agreement (Multex Com Inc), Automatic Stock Option Agreement (Discovery Laboratories Inc /De/)

Exercisability/Vesting. (a) This option shall be immediately exercisable for any or all of the Option Shares, whether or not the Option Shares are at the time vested in accordance with the Vesting Schedule, and shall remain so exercisable until the Expiration Date or sooner termination of the option term under Paragraph 5, 6 or 7. (b) Optionee shall, in accordance with the Vesting Schedule set forth in the Grant Notice, vest in the Option Shares in one or more installments over his or her period of Board service. Vesting in the The Option Shares may shall, however, be subject to accelerated vesting pursuant to the provisions of Paragraph 5, 6 or 7. In , but in no event, however, event shall any additional Option Shares vest following Optionee's ’s cessation of service as a Board member.

Appears in 2 contracts

Sources: Automatic Stock Option Agreement (Broadcom Corp), Automatic Stock Option Agreement (Stec, Inc.)

Exercisability/Vesting. (a) This option shall be immediately exercisable for any or all of the Option Shares, whether or not the Option Shares are at the time vested in accordance with the Vesting Schedule, and shall remain so exercisable until the Expiration Date or sooner termination of the option term under Paragraph 5, 6 5 or 76. (b) Optionee shall, in accordance with the Vesting Schedule set forth in the Grant Notice, vest in the Option Shares in one or more installments over his or her period of Board service. Vesting in the The Option Shares may shall, however, be subject to accelerated vesting pursuant to the provisions of Paragraph 5, 6 or 7. In , but in no event, however, event shall any additional Option Shares vest following Optionee's ’s cessation of service as a Board member.

Appears in 1 contract

Sources: Automatic Stock Option Agreement (Sangamo Biosciences Inc)

Exercisability/Vesting. (aa.) This option shall be immediately exercisable for any or all of the Option Shares, whether or not the Option Shares are at the time vested in accordance with the Vesting ScheduleSchedule set forth in the Grant Notice, and shall remain so exercisable until the Expiration Date or the sooner termination of the option term under Paragraph 5, 6 or 7. (bb.) Optionee shall, in accordance with the Vesting Schedule set forth in the Grant Notice, vest in the Option Shares in one or more a series of installments over his or her period of Board service. Vesting in the Option Shares may be accelerated pursuant to the provisions of Paragraph 5, 6 or 7. In no event, however, shall any additional Option Shares vest following Optionee's cessation of service as a Board member.

Appears in 1 contract

Sources: Automatic Stock Option Agreement (Vialink Co)

Exercisability/Vesting. (a) This option shall be immediately exercisable for any or all of the Option Shares, whether or not the Option Shares are at the time vested in accordance with the Vesting Schedule, and shall remain so exercisable until the Expiration Date or sooner termination of the option term under Paragraph 5, 6 or 7. (b) Optionee shall, in accordance with the Vesting Schedule set forth in the Grant Notice, vest in the Option Shares in one or more installments over his or her period of Board service. Vesting in the The Option Shares may shall, however, be subject to accelerated vesting pursuant to the provisions of Paragraph 5, 6 or 7. In no event, however, event shall any additional Option Shares vest following Optionee's cessation of service as a Board member.

Appears in 1 contract

Sources: Automatic Stock Option Agreement (Sharper Image Corp)

Exercisability/Vesting. (a) This option shall be immediately exercisable for any or all of the Option Shares, whether or not the Option Shares are at the time vested in accordance with the Vesting Schedule, and shall remain so exercisable until the Expiration Date or sooner termination of the option term under Paragraph 5, 6 or 7. (b) Optionee shall, in accordance with the Vesting Schedule set forth in the Grant Notice, vest in the Option Shares in one or more installments over his or her period of Board service. Vesting in the Option Shares may be accelerated pursuant to the provisions of Paragraph 5, 6 or 7. In no event, however, shall any additional Option Shares vest following Optionee's ’s cessation of service as a Board member.

Appears in 1 contract

Sources: Automatic Stock Option Agreement (Network Appliance Inc)

Exercisability/Vesting. (a) This option shall be immediately exercisable for any or all of the Option Shares, whether or not the Option Shares are at the time vested in accordance with the Vesting Schedule, and shall remain so exercisable until the Expiration Date or sooner termination of the option term under Paragraph 5, 6 5 or 76. (b) Optionee shall, in accordance with the Vesting Schedule set forth in the Grant Notice, vest in the Option Shares in one or more installments over his or her period of Board service. Vesting in the The Option Shares may shall, however, be subject to accelerated vesting pursuant to the provisions of Paragraph 55 or 6, 6 or 7. In but in no event, however, event shall any additional Option Shares vest following Optionee's ’s cessation of service as a Board member.

Appears in 1 contract

Sources: Share Option Agreement (ALPHA & OMEGA SEMICONDUCTOR LTD)

Exercisability/Vesting. (a) This option shall be immediately exercisable for any or all of the Option Shares, whether or not the Option Shares are at the time vested in accordance with the Vesting Schedule, and shall remain so exercisable until the Expiration Date or sooner termination of the option term under Paragraph 5, 6 5 or 76. (b) Optionee shall, in accordance with the Vesting Schedule set forth in the Grant Notice, vest in the Option Shares in one or more installments over his or her period of Service (whether as a non-employee Board servicemember, Employee or consultant). Vesting in the The Option Shares may shall, however, be subject to accelerated vesting pursuant to the provisions of Paragraph 5, 6 or 7. In , but in no event, however, event shall any additional Option Shares vest following Optionee's ’s cessation of service as a Board memberService.

Appears in 1 contract

Sources: Automatic Stock Option Agreement (Sandisk Corp)

Exercisability/Vesting. (a) This option shall be immediately exercisable for any or all of the Option Shares, whether or not the Option Shares are at the time vested in accordance with the Vesting Schedule, and shall remain so exercisable until the Expiration Date or sooner termination of the option term under Paragraph 5, 6 or 7. (bA) Optionee shall, in accordance with the Vesting Schedule set forth in the Grant Notice, vest in the Option Shares in one or more installments over his or her period of Board service. Vesting in the Option Shares may be accelerated pursuant to the provisions of Paragraph 5, 6 or 7. In no event, however, shall any additional Option Shares vest following Optionee's cessation of service as a Board member.

Appears in 1 contract

Sources: Automatic Stock Option Agreement (Geocities)

Exercisability/Vesting. (a) This option shall be immediately exercisable for any or all of the Option Shares, whether or not the Option Shares are at the time vested in accordance with the Vesting Schedule, and shall remain so exercisable until the Expiration Date or sooner termination of the option term under Paragraph 5, 6 5 or 76. (b) Optionee shall, in accordance with the Vesting Schedule set forth in the Grant Notice, vest in the Option Shares in one or more a series of installments over his or her period of Board service. Vesting in the The Option Shares may shall, however, be subject to accelerated vesting pursuant to the provisions of Paragraph 5, 6 or 7. In , but in no event, however, event shall any additional Option Shares vest following Optionee's ’s cessation of service as a Board member.

Appears in 1 contract

Sources: Automatic Stock Option Agreement (Borland Software Corp)

Exercisability/Vesting. (a) A. This option shall be immediately exercisable for any or all of the Option Shares, whether or not the Option Shares are at the time vested in accordance with the Vesting ScheduleSchedule set forth in the Grant Notice, and shall remain so exercisable until the Expiration Date or the sooner termination of the option term under Paragraph 5, 6 5,6 or 7. (b) B. Optionee shall, in accordance with the Vesting Schedule set forth in the Grant Notice, vest in the Option Shares in one or more installments over his or her period of Board service. Vesting in the Option Shares may be accelerated pursuant to the provisions of Paragraph 5, 6 or 7. In no event, however, shall any additional Option Shares vest following Optionee's cessation of service as a Board member.

Appears in 1 contract

Sources: Automatic Stock Option Agreement (Willis Lease Finance Corp)