Common use of Exercise of this Option Clause in Contracts

Exercise of this Option. 4.1 Unless otherwise provided in Section 4.4 below or determined by the Committee, this Option shall become exercisable in accordance with and to the extent provided by the terms and provisions of Article V of the Plan. 4.2 Unless earlier terminated in accordance with the terms and provisions of the Plan and/or this Agreement, this Option shall expire and shall no longer be exercisable after the expiration of ten (10) years from the Grant Date (the “Option Period”). 4.3 In no event shall this Option be exercisable for a fractional share of Common Stock. 4.4 The Option shall vest [INSERT APPLICABLE VESTING CONDITIONS], provided that Optionee remains continuously engaged as a director, officer, or employee of, or consultant or advisor to, the Company or an affiliate thereof from the date hereof through the applicable vesting date.

Appears in 2 contracts

Sources: Non Qualified Stock Option Agreement (zSpace, Inc.), Incentive Stock Option Agreement (zSpace, Inc.)