Vesting Schedule: [Note: Company to elect vesting schedule; following is an example of a standard vesting provision] This Option shall become exercisable for 25% of the maximum number of shares granted on the first anniversary of the Vesting Start Date, and shall become exercisable for an additional 2.0833% of the maximum number of shares granted on the last day of each one month period thereafter; so that the Option shall be fully vested on the fourth anniversary of the Vesting Start Date. All vesting shall cease upon the date of termination of employment with or provision of services to the Company.
Expiration. The Option will expire on the Expiration Date set forth above, or earlier as provided in this Agreement or the Plan.
Expiration. Buyer is submitting this offer by signing a copy of this Agreement and delivering it to Seller, and Seller has five (5) days from receipt hereof within which to accept this offer. When executed by both parties, this Agreement will be a binding agreement for valid and sufficient consideration which will bind and benefit Buyer, Seller, and their respective successors and assigns.
Expiration. No Incentive Stock Option may be exercised after the expiration of ten (10) years from the Grant Date.
Termination Upon Expiration of Option Term. The Options shall terminate and expire in their entirety on the Option Expiration Date. In no event may Participant exercise the Options after the Option Expiration Date, even if the application of another provision of this Section 5 may result in an extension of the exercise period for the Options beyond the Option Expiration Date.
Expiration Date. Each Letter of Credit shall expire at or prior to the close of business on the earlier of # the date twelve months after the date of the issuance of such Letter of Credit (or, in the case of any renewal or extension thereof, twelve months after such renewal or extension, so long as such renewal or extension occurs within three months of such then current expiration date) and # the date that is five Business Days prior to the Commitment Termination Date; provided, however, that any Letter of Credit with a one-year term may, upon the request of the Borrower, include a provision whereby such Letter of Credit shall be renewed automatically for additional consecutive periods of one year or less (but not beyond the date that is five Business Days prior to the Commitment Termination Date) unless the Issuing Bank notifies the beneficiary thereof at least 30 days prior to the then-applicable expiration date that such Letter of Credit will not be renewed; provided, further, however, that a Letter of Credit may expire after the date that is five Business Days prior to the Commitment Termination Date, subject to the Borrower’s obligation to cash collateralize such Letter of Credit as provided in the last paragraph of [Section 2.09(a)].
Option. An option to purchase shares of Common Stock granted to a Participant pursuant to Section 6.
Option. The Purchaser was granted an option (the “Option”) to purchase shares of Common Stock pursuant to the terms of the Plan and the Stock Option Agreement between the Company and the Purchaser dated , as follows:
Option. On the terms and conditions set forth in the 2005 Stock Option Plan (the Plan) and this Stock Option Agreement (Agreement), [[Organization A:Organization]], a California corporation (the Corporation) grants to , ☐ an Employee or ☐ an Outside Director or ☐ a Consultant (the Optionee), on ,20 (the Date of Grant), the option to purchase ( ) shares of Common Stock (the Option Shares), at the Exercise Price per share of $ (the Exercise Price) (not to be less than eighty-five percent [85%] of Fair Market Value, or one hundred percent [100%] of Fair Market Value for Ten Percent Holders). This Option is intended to be ☐ an ISO (Employees only) or ☐ an NQSO. This Option will expire ☐ sixty (60) months after the Date of Grant (maximum for an ISO granted to a Ten Percent Holder) or ☐ one hundred twenty (120) months after the Date of Grant (maximum) or ☐ . Vesting of this grant shall commence on ,20 (Initial Vest Date).
Option. I was granted an option (the Option) to purchase shares of the common stock (the Shares) of [[Organization B:Organization]] (the Company) pursuant to the Companys (choose one) ☐ 2006 Equity Incentive Plan or ☐ 2004 Equity Incentive Plan or the ☐ Taxcient, Inc. 2005 Stock Option Plan (each, a Plan), my Stock Option Agreement (the Option Agreement) and/or my Notice of Grant of Stock Option (the Notice), as follows:
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