Schedule of Rights to Exercise Sample Clauses
The Schedule of Rights to Exercise clause defines the specific timeframes and conditions under which an individual or entity may exercise certain rights, such as stock options or contractual privileges. Typically, this clause outlines a vesting schedule, eligibility requirements, and any limitations on the amount or timing of exercises. By clearly specifying when and how rights can be exercised, the clause ensures predictability for both parties and helps prevent disputes over entitlement or timing.
Schedule of Rights to Exercise. Percentage of Total Shares Awarded Which Are Date Options Non-forfeitable ---- ------- ---------------
Schedule of Rights to Exercise. Twenty-five percent (25%) after one year from the date of grant; fifty percent (50%) after two years; seventy-five percent (75%) after three years; and one hundred percent (100%) after four years.
Schedule of Rights to Exercise. The Options shall vest and become exercisable fully on the Initial Vesting Date and shall expire at 5:30 P.M. Houston, Texas time, on April 21, 2004. The Initial Vesting Date shall mean the later of (i) the date the Plan is approved by the Company's shareholders or (ii) the date that the Company's Market Capitalization, as hereinafter defined, is at least $25,000,000. The period during which the Options may be exercised is referred to as the Option Exercise Period. To the extent that the Options become exercisable, they shall be called "Vested Options."
Schedule of Rights to Exercise. All of the Options shall be fully vested and exercisable as of the Date of Grant specified in Exhibit A.
Schedule of Rights to Exercise. A. Notwithstanding anything herein to the contrary, except in the event of the death or Disability of the Optionee or a Change in Control of the Company, a minimum of six months must elapse between the date of grant of an option and the date of sale of the Common Stock received through the exercise of such Option.
B. Upon death, all Options shall be exercisable by the Beneficiary for the remaining term of such Options.
C. Upon Disability, all Options shall be exercisable for the remaining term of such Options.
D. Upon the retirement or termination of service of a Director or Director Emeritus, absent death or Disability, such options shall remain exercisable for a period of one year from such date of termination of service.
Schedule of Rights to Exercise. This option shall be ------------------------------ exercisable, in whole or in part, immediately on the date of grant.
Schedule of Rights to Exercise. This Option shall become fully exercisable on the business day before the first annual meeting of the Corporation’s shareholders which follows the Date of Grant. If the Optionee’s service as a director of the Corporation terminates prior to the date on which this Option is scheduled to become exercisable, this Option shall not become exercisable, except as otherwise provided in the Plan.
Schedule of Rights to Exercise. Date Options Percentage of Total Shares Awarded Which Are Exercisable/ Non-forfeitable
A. Such Options awarded to the Optionee are intended to satisfy the requirements of (incentive stock options( ((ISOs() within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended. In the event that the Fair Market Value of the Common Stock subject to such grant to the Optionee exceeds $100,000 per vesting event, then the excess of each installment shall be deemed non statutory stock options (not qualifying as ISOs).
B. Options awarded to the Optionee shall continue to vest annually during such period that he serves as an employee, director or director emeritus of Roma Bank (the (Bank() or the Company.
C. Notwithstanding anything herein to the contrary, in no event shall any Options granted herein be exercisable for a period of six months from the Date of Grant, except in the event of the death or Disability of the Optionee or a Change in Control of the Company. Upon the death or Disability of the Optionee or a Change in Control, all such Options shall be immediately 100% vested and exercisable.
D. Upon termination of service for any reason, other than Disability or death, such Options shall cease to be exercisable three months from the date of termination of employment.
E. Upon Disability, all Options shall be deemed immediately exercisable for a period not to exceed one year from such date of Disability.
F. Upon death, all Options shall be immediately exercisable by the estate for two years from the date of death, not to exceed initial option term.
Schedule of Rights to Exercise. Date Percentage of Total Stock ---- Options Awarded Which Are Non-forfeitable --------------- ________________ ____, _______ 20% ________________ ____, _______ 40% ________________ ____, _______ 60% ________________ ____, _______ 80% ________________ ____, _______ 100% Notwithstanding any provisions in this Section 2, in no event shall this Option be exercisable prior to one year following the date of grant, except in the event of death, retirement or Permanent and Total Disability of the Optionee. These Options shall be 100% vested and exercisable upon the death or disability of the Optionee, or upon a Change in Control of the Company.
Schedule of Rights to Exercise. Date Percentage of Total Total Shares Awarded Which Shares Become Non-Forfeitable Non-Forfeitable ---------------------- --------------- Upon grant....................... 50% _____