Vesting and Expiration Sample Clauses

Vesting and Expiration. (a) Subject to Sections 3(b), (c), (e) and (g), the Option shall become vested and exercisable as follows: (i) The Option shall become vested and exercisable with respect to 25% of the shares subject thereto (rounded down to the next whole number of shares) on the first anniversary of the Grant Date (the “Initial Vesting Date”); and (ii) The Option shall become vested and exercisable with respect to an additional 25% of the shares subject thereto (rounded down to the next whole number of shares) on each anniversary of the Initial Vesting Date, so that the Option shall be fully vested and exercisable as of the fourth anniversary of the Grant Date. (b) Except as may otherwise be provided in any other written agreement entered into by and between the Company and the Optionee, in the event of a Change in Control, the Option shall become fully vested and exercisable immediately prior to such Change of Control. (c) No portion of the Option which is unexercisable at the Optionee’s termination of employment shall thereafter become exercisable. (d) The installments provided for in Section 3(a) are cumulative. Each such installment which becomes exercisable pursuant to Section 3(a) shall remain exercisable until it becomes unexercisable under Section 3(e). (e) The Option may not be exercised to any extent by anyone after the first to occur of the following events: (i) The expiration of ten years from the Grant Date; or (ii) The expiration of three months following the date of the Optionee’s termination of employment for any reason other than death or Disability; or (iii) The expiration of one year following the date of the Optionee’s termination of employment by reason of his death or Disability. (f) Optionee hereby agrees and acknowledges that to the extent that the aggregate Fair Market Value (determined as of the time of grant) of all shares of Stock with respect to which Incentive Stock Options, including the Option, are first exercisable by Optionee in any calendar year exceeds $100,000 or such other limitation as imposed by Section 422(d) of the Code (or any successor provision), the Option and such Incentive Stock Options, as applicable, shall be treated as not qualifying as an “incentive stock option” under Section 422 of the Code but rather shall be treated as Non-Qualified Stock Options. (g) The Option may not be exercised (i) to the extent that the grant or exercise of such Award could cause the Participant to be in violation of the Common Stock Ownership...

Vesting and Expiration. (a) Subject to Sections 3(a)(iii), 3(a)(iv), and 3(c) the Option shall become vested and exercisable as follows: (i) The Option shall become vested and exercisable with respect to 10% of the shares subject to the Option (rounded down to the next whole number of shares) on the first anniversary of the Grant Date (the “Initial Vesting Date”). (ii) The Option shall become vested and exercisable with respect to an additional 15% of the shares subject to the Option (rounded down to the next whole number of shares) on each 6-month anniversary of the Initial Vesting Date, so that the Option shall be fully vested and exercisable as of the fourth anniversary of the Grant Date. (iii) Except as may otherwise be provided in any other written agreement entered into by and between the Company and the Optionee, if a Change of Control occurs and the Option is not converted, assumed, or replaced by a successor entity, the Option shall become fully vested and exercisable immediately prior to such a Change of Control. (iv) No portion of the Option which is unexercisable at Termination of Employment shall thereafter become exercisable. (b) The installments provided for in Section 3(a) are cumulative. Each such installment which becomes exercisable pursuant to Section 3(a) shall remain exercisable until it becomes unexercisable under Section 3(c). (c) The Option may not be exercised to any extent by anyone after the first to occur of the following events: (i) The expiration of seven years from the date the Option was granted; or (ii) The expiration of three months from the date of the Optionee’s Termination of Employment for any reason other than retirement, death or disability; or (iii) The expiration of one year from the date of the Optionee’s Termination of Employment by reason of his retirement, death or disability (as determined by the Company in its sole discretion).

Vesting and Expiration. The option rights of the Optionee will be exercisable until October 1, 2008, provided that they have vested and, except as otherwise expressly provided in this Agreement, the Optionee is employed by the Corporation. The Option shall vest as provided on Exhibit A hereto.

Vesting and Expiration. A SAR granted in connection with an Option shall become exercisable and shall expire according to the same vesting schedule and expiration provisions as the corresponding Option. A SAR granted independent of an Option shall vest and become exercisable and shall expire in such manner and on such date or dates determined by the Committee and shall expire after such period, not to exceed ten years, as may be determined by the Committee (the “SAR Period”); provided, however, that notwithstanding any vesting dates set by the Committee, the Committee may, in its sole discretion, accelerate the exercisability of any SAR, which acceleration shall not affect the terms and conditions of such SAR other than with respect to exercisability. Unless otherwise provided by the Committee in an Award agreement: (i) the unvested portion of a SAR shall expire upon termination of employment or service with the Company and all Affiliates of the Participant granted the SAR, and the vested portion of such SAR shall remain exercisable for (A) one year following termination of employment or service by reason of such Participant’s death or disability (as determined by the Committee), but not later than the expiration of the SAR Period or (B) three months following termination of employment or service with the Company and all Affiliates for any reason other than such Participant’s death or disability, and other than such Participant’s termination of employment or service for Cause, but not later than the expiration of the SAR Period; and (ii) both the unvested and the vested portion of a SAR shall expire and be forfeited upon the termination of the Participant’s employment or service by the Company for Cause.

Vesting and Expiration. Options shall vest and become exercisable in such manner and on such date or dates determined by the Committee and shall expire after such period, not to exceed ten years, as may be determined by the Committee (the “Option Period”); provided, however, that the Option Period shall not exceed five years from the Date of Grant in the case of an Incentive Stock Option granted to a Participant who on the Date of Grant owns shares representing more than 10% of the total combined voting power of all classes of shares of the Company or any related corporation (as determined in accordance with Treasury Regulation Section 1.422-2(f)); provided, further, that notwithstanding any vesting dates set by the Committee, the Committee may, in its sole discretion, accelerate the exercisability of any Option, which acceleration shall not affect the terms and conditions of such Option other than with respect to exercisability. If the Option would expire at a time when the exercise of the Option would violate applicable securities laws, the expiration date applicable to the Option will be automatically extended to a date that is 30 calendar days following the date such exercise would no longer violate applicable securities laws (so long as such extension shall not violate Section 409A of the Code); provided, that in no event shall such expiration date be extended beyond the expiration of the Option Period.

Vesting and Expiration. Vesting at 1/1460th of the grant per day until vested.

Vesting and Expiration. A SAR granted in connection with an Option shall become exercisable and shall expire according to the same vesting schedule and expiration provisions as the corresponding Option. A SAR granted independent of an Option shall vest and become exercisable and shall expire in such manner and on such date or dates determined by the Committee and shall expire after such period, not to exceed ten years, as may be determined by the Committee (the “SAR Period”); provided, however, that notwithstanding any vesting dates set by the Committee, the Committee may, in its sole discretion, accelerate the exercisability of any SAR, which acceleration shall not affect the terms and conditions of such SAR other than with respect to exercisability. If the SAR would expire at a time when the exercise of the SAR would violate applicable securities laws, the expiration date applicable to the SAR will be automatically extended to a date that is 30 calendar days following the date such exercise would no longer violate applicable securities laws (so long as such extension shall not violate Section 409A of the Code); provided, that in no event shall such expiration date be extended beyond the expiration of the SAR Period.

Vesting and Expiration. Options shall vest and become exercisable in such manner and on such date or dates determined by the Committee and shall expire after such period, not to exceed ten years, as may be determined by the Committee (the “Option Period”); provided, however, that the Option Period shall not exceed five years from the Date of Grant in the case of an Incentive Stock Option granted to a Participant who on the Date of Grant owns (or is deemed to own pursuant to Section 424(d) of the Code) stock representing more than 10% of the voting power of all classes of stock of the Company or any Related

Vesting and Expiration. The Stock Option shall not be exercisable during the one-year period following the Grant Date. Following the one-year period, the Stock Option shall vest in accordance with the following schedule: 25% on the first anniversary of the Grant Date; 25% on the second anniversary of the Grant Date; 25% on the third anniversary of the Grant Date; and 25% on the fourth anniversary of the Grant Date. To the extent that the Stock Option is not exercised when it vests, the Stock Option shall not expire but shall be carried forward and shall be exercisable at any time thereafter, provided, however, that the Stock Option shall expire on the sixth anniversary of the Grant Date or «EXPIRATION DATE».