Common use of Exercising of Options Clause in Contracts

Exercising of Options. 1. The Director can exercise his full options within minimum 4 years after the grant date according to the following vesting plan. Notwithstanding this vesting period and the expiration of options described in par.7 of this SOP 2013, the Director can exercise his options under the following terms and conditions:

Appears in 2 contracts

Sources: Board of Directors Stock Option Plan, Board of Directors Stock Option Plan