Common use of Vesting of Option Rights Clause in Contracts

Vesting of Option Rights. Except as otherwise provided in section 3 of this agreement, Director may exercise the Option in accordance with the following schedule: On or after each of Number of shares with respect to the following dates which the Option is exercisable ------------------- ------------------------------- December 31, 2002 24,000 December 31, 2003 12,000

Appears in 1 contract

Sources: Non Incentive Stock Option Agreement (Michalopoulos Panos G)

Vesting of Option Rights. Except as otherwise provided in section 3 of this agreement, the Director may exercise the Option in accordance with the following schedule: On or after each of Number of shares with respect to the following dates which the Option is exercisable ------------------- ------------------------------- December 31, 2002 24,000 December 31, 2003 12,000-------------------------------

Appears in 1 contract

Sources: Non Incentive Stock Option Agreement (Michalopoulos Panos G)

Vesting of Option Rights. Except as otherwise provided in section 3 of this agreement, the Director may exercise the Option in accordance with the following schedule: On or after each of the following dates Number of shares with respect to the following dates which the Option is exercisable ------------------- ------------------------------- December 31, 2002 24,000 December 31, 2003 12,000exercisable

Appears in 1 contract

Sources: Non Incentive Stock Option Agreement (Image Sensing Systems Inc)