Term of Exercisability Sample Clauses

Term of Exercisability. Once all or a part of the option becomes exercisable, it shall remain exercisable until the earliest of:
View SourceView Similar (4)
Term of Exercisability. Each right to purchase Common Stock hereunder shall expire on the sixth (6th) anniversary of the Effective Date.
View SourceView Similar (3)
Term of Exercisability. Once all or a part of the option becomes exercisable, it shall remain exercisable until the earliest of: o The one-year anniversary of the Participant’s termination of employment due to death, disability or retirement (as defined in the Plan) o The date of the Participant’s termination of employment for any reason other than death, disability or retirement (as defined in the Plan) o The date that is ten (10) years from the date of grant o Other:__________________________________________________________________________________ Transferability: The Participant: o may transfer the option pursuant only to the laws of descent and distribution o may transfer the option in the following manner: ________________________________________________ This Option Agreement is subject to the terms and conditions of the Plan. The Participant has received a copy of the Plan’s prospectus, including a copy of the Plan. The Participant agrees to the terms of this Option Agreement, which may be amended only upon a written agreement signed by the parties hereto. The Company will notify the Participant of the methods by which this option may be exercised. This _______ day of ____________________, 2_____. By: _____________________________________ ____________________________________________ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇, Senior Vice President This Agreement sets forth the terms of Restricted Stock awarded under the above-named Plan. Name of Participant: ___________________________________________________________________________________
View SourceView Similar (2)
Term of Exercisability. Once all or a part of the SARs becomes exercisable, they shall remain exercisable until the earliest of:
View Source
Term of Exercisability. (i) Each Option shall expire on the date shown at the end of this Agreement (the "Expiration Date"), as determined by the Board of Directors of the Company (the "Board"), which shall not be more than ten (10) years from the date of the granting thereof, subject to earlier termination as herein provided. (ii) Except as otherwise provided in this Section 4, if the Optionee's employment by the Company is terminated, the Option granted to the Optionee hereunder shall terminate and be no longer exercisable on the earlier of (i) ninety days after the date the Optionee's employment by the Company is terminated, or (ii) the date on which the Option expires by its terms. (iii) If the Optionee's employment is terminated by the Company for cause or because the Optionee is in breach of any employment agreement, such Option will terminate and be no longer exercisable on the date the Optionee's employment is terminated by the Company. (iv) If the Optionee's employment is terminated by the Company because the Optionee has become permanently disabled (within the meaning of Section 22(e)(3) of the Code), such Option shall terminate and be no longer exercisable on the earlier of (i) one year after the date such Optionee's employment by the Company is terminated, or (ii) the date on which the Option expires by its terms. (v) In the event of the death of the Optionee, the Option granted to such Optionee shall terminate and be no longer exercisable on the earlier of (i) one year after the date of death of such Optionee, or (ii) the date on which the Option expires by its terms.
View Source

Related to Term of Exercisability

  • Period of Exercisability SECTION 3.1 - COMMENCEMENT OF EXERCISABILITY -------------------------------------------- (a) Subject to Sections 3.4 and 3.5, the Option shall become exercisable in four (4) cumulative installments as follows: (i) The first installment shall consist of twenty-five percent (25%) of the shares covered by the Option and shall become exercisable on the first anniversary of the date the Option is granted. (ii) The second installment shall consist of twenty-five percent (25%) of the shares covered by the Option and shall become exercisable on the second anniversary of the date the Option is granted. (iii) The third installment shall consist of twenty-five percent (25%) of the shares covered by the Option and shall become exercisable on the third anniversary of the date the Option is granted. (iv) The fourth installment shall consist of twenty-five percent (25%) of the shares covered by the Option and shall become exercisable on the fourth anniversary of the date the Option is granted. (b) No portion of the Option which is unexercisable at Termination of Employment shall thereafter become exercisable. SECTION 3.2 - DURATION OF EXERCISABILITY ---------------------------------------- The installments provided for in Section 3.1 are cumulative. Each such installment which becomes exercisable pursuant to Section 3.1 shall remain exercisable until it becomes unexercisable under Section 3.3. In the event the provisions of Section 3.4 become applicable, the Option shall remain exercisable until it becomes unexercisable under Section 3.3.

  • Commencement of Exercisability (a) Subject to Sections 3.1(b), 3.1(c) and 3.3, the Option shall become vested and exercisable in such amounts and at such times as are set forth in the Grant Notice. (b) No portion of the Option which has not become vested and exercisable at the date of the Participant’s Termination of Services shall thereafter become vested and exercisable, except as may be otherwise provided by the Administrator or as set forth in a written agreement between the Company and the Participant. [

  • Duration of Exercisability The installments provided for in Section 3.1 are cumulative. Each such installment which becomes exercisable pursuant to Section 3.1 shall remain exercisable until it becomes unexercisable under Section 3.3.

  • Exercisability This option shall be exercisable as to: 400 immediate This option shall remain exercisable as to all vested shares until January 1,2014 (but not later than ten (10) years from the date this option is granted) unless this option has expired or terminated earlier in accordance with the provisions hereof or in the Plan. Subject to paragraphs 4 and 5, shares as to which this option becomes exercisable pursuant to the foregoing provision may be purchased at any time prior to expiration of this option.

  • Acceleration of Exercisability In the event of the merger or consolidation of the Company with or into another corporation, or the acquisition by another corporation or person of all or substantially all of the Company's assets or eighty percent (80%) or more of the Company's then outstanding voting stock, or the liquidation or dissolution of the Company, the Board may, in its absolute discretion and upon such terms and conditions as it deems appropriate, provide by resolution, adopted prior to such event and incorporated in the notice referred to in Section 3.3(vi), that at some time prior to the effective date of such event this Option shall be exercisable as to all the shares covered hereby, notwithstanding that this Option may not yet have become fully exercisable under Section 3.1(a); provided, however, that this acceleration of exercisability shall not take place if: (i) This Option becomes unexercisable under Section 3.3 prior to said effective date; or (ii) In connection with such an event, provision is made for an assumption of this Option or a substitution therefor of a new option by an employer corporation or a parent or subsidiary of such corporation. The Board may make such determinations and adopt such rules and conditions as it, in its absolute discretion, deems appropriate in connection with such acceleration of exercisability, including, but not by way of limitation, provisions to ensure that any such acceleration and resulting exercise shall be conditioned upon the consummation of the contemplated corporate transaction, and determinations regarding whether provisions for assumption or substitution have been made as defined in clause (ii) above.