Common use of Vested and Not Exercisable Clause in Contracts

Vested and Not Exercisable. To the extent the Options were vested but were not exercisable at the time of the Optionee’s termination of service with the Company and its Affiliates, the Options shall be eligible to become exercisable and remain exercisable during the following post-termination periods:

Appears in 2 contracts

Sources: Stock Option Agreement (Evertec, LLC), Stock Option Agreement (TII Smart Solutions, Sociedad Anonima)