Common use of Time of Exercise of Option Clause in Contracts

Time of Exercise of Option. Prior to its termination as set forth in Section 5 below, this option shall vest, and the Employee may exercise the option granted herein on the following dates, or thereafter provided the option is exercised prior to its termination:

Appears in 5 contracts

Sources: Grant of Non Qualified Stock Option (Cryolife Inc), Incentive Stock Option Agreement (Cryolife Inc), Non Qualified Stock Option Agreement (Cryolife Inc)

Time of Exercise of Option. Prior to its termination as set forth in Section 5 below, this option Option shall vest, and the Employee may exercise the option Option granted herein on the following dates, or thereafter provided the option Option is exercised prior to its termination:

Appears in 3 contracts

Sources: Incentive Stock Option Agreement (Cryolife Inc), Grant of Non Qualified Stock Option (Cryolife Inc), Incentive Stock Option Agreement (Cryolife Inc)

Time of Exercise of Option. Prior to its termination as set forth in Section 5 below, this option shall vest, and the Employee may exercise the option granted herein on the following dates, or thereafter thereafter, provided the option is exercised prior to its termination:: % 33 1/3 % — % 33 1/3 % — % 33 1/3 % — %

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Cryolife Inc)

Time of Exercise of Option. Prior to its termination as set forth in Section 5 below, and subject to Section 8 of the Plan, this option shall vest, and the Employee may exercise the option granted herein on the following dates, or thereafter provided the option is exercised prior to its termination:: September 2, 2015 133,333 33 1/3 % September 2, 2016 133,333 33 1/3 % September 2, 2017 133,334 33 1/3 %

Appears in 1 contract

Sources: Stock Option Agreement (Cryolife Inc)

Time of Exercise of Option. Prior to its termination as set forth in Section 5 below, this option shall vest, and the Employee may exercise the option granted herein on the following dates, or thereafter provided the option is exercised prior to its terminationa cumulative basis as described below:

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Cryolife Inc)

Time of Exercise of Option. Prior to its termination as set forth in Section 5 below, this option shall vest, and the Employee may exercise the option granted herein on the following dates, or thereafter provided the option is exercised prior to its termination:a cumulative basis as described below: Exercise Date Cumulative Percentage of Option Shares Exercisable

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Cryolife Inc)