Exercise Prior to Vesting (“early Exercise”) Clause Example with 5 Variations from Business Contracts

Exercise Prior to Vesting (“early Exercise”). If expressly permitted in your by the Grant Notice (i.e., the "Exercise Schedule" indicates "Early Exercise Permitted") and subject to the provisions of your option, you may elect this Option Agreement, Optionee may, at any time that is both (i) during the period prior to a Termination of your Continuous Service Service; and (ii) during prior to the term of your option, Expiration Date, elect to exercise all or part of your option, the Option, including the unvested nonvested portion of your opt...ion; the Option; provided, however, that: (a) a partial exercise of your option the Option shall be deemed to cover first any vested shares of Common Stock Option Shares and then the earliest vesting installment installment(s) of unvested shares of Common Stock; Option Shares; (b) any shares of Common Stock Option Shares so purchased from installments that which have not vested as of the date of exercise shall be subject to the a purchase option in favor of the Company as described in the Company's form of Company, pursuant to an Early Exercise Stock Purchase Agreement; Agreement in form satisfactory to the Company; (c) you Optionee shall enter into the Company's form of Early Exercise Stock Purchase Agreement with a vesting schedule that will result in the same vesting as if no early exercise had occurred; and (d) as provided in the Plan, if your option the Option is an Incentive Stock Option, then, to the extent that the aggregate Fair Market Value (determined at the time of grant) of the shares of Common Stock with respect to which your option the Option plus all other Incentive Stock Options you hold held by Optionee are exercisable for the first time by you during any calendar year (under all plans of the Company and its Affiliates) exceeds one hundred thousand dollars One Hundred Thousand Dollars ($100,000), your option(s) the Options or portions thereof that exceed such limit (according to the order in which they were granted) shall be treated as Nonstatutory Stock Options. 2 5. Option Not Transferable. The Option granted hereunder shall not be transferable in any manner other than as provided in Section 6(d) of the Plan. More particularly (but without limiting the foregoing), the Option may not be assigned, transferred (except as expressly provided in the Plan), pledged or hypothecated in any way, shall not be assignable by operation of law and shall not be subject to execution, attachment or similar process. Any attempted assignment, transfer, pledge, hypothecation or other disposition of the Option contrary to the provisions hereof, or the levy of any execution, attachment or similar process upon the Option, shall be null and void and without effect. View More

Exercise Prior to Vesting (“early Exercise”). If permitted in your Grant Notice (i.e., the "Exercise Schedule" indicates "Early Exercise Permitted") and subject to the provisions of your option, you may elect at any time that is both (i) during the period of your Continuous Service and (ii) during the term of your option, to exercise all or part of your option, including the unvested portion of your option; provided, however, that: (a) a partial exercise of your option shall be deemed to cover first vested shares of Non-Voting Non-Voting Co...mmon Stock and then the earliest vesting installment of unvested shares of Non-Voting Non-Voting Common Stock; (b) any shares of Non-Voting Non-Voting Common Stock so purchased from installments that have not vested as of the date of exercise shall be subject to the purchase option in favor of the Company as described in the Company's form of Early Exercise Stock Purchase Agreement; (c) you shall enter into the Company's form of Early Exercise Stock Purchase Agreement with a vesting schedule that will result in the same vesting as if no early exercise had occurred; and 28 (d) if your option is an Incentive Stock Option, then, to the extent that the aggregate Fair Market Value (determined at the time of grant) of the shares of Non-Voting Non- Voting Common Stock with respect to which your option plus all other Incentive Stock Options you hold are exercisable for the first time by you during any calendar year (under all plans of the Company and its Affiliates) exceeds one hundred thousand dollars ($100,000), your option(s) or portions thereof that exceed such limit (according to the order in which they were granted) shall be treated as Nonstatutory Stock Options. View More

Exercise Prior to Vesting (“early Exercise”). If expressly permitted in your by the Grant Notice (i.e., the "Exercise Schedule" indicates "Early Exercise Permitted") and subject to the provisions of your option, you may elect this Option Agreement, Optionee may, at any time that is both (i) during the period prior to a Termination of your Continuous Service Service; and (ii) during prior to the term of your option, Expiration Date, elect to exercise all or part of your option, the Option, including the unvested nonvested portion of your opt...ion; the Option; provided, however, that: (a) a partial exercise of your option the Option shall be deemed to cover first any vested shares of Common Stock Option Shares and then the earliest vesting installment installment(s) of unvested shares of Common Stock; Option Shares; (b) any shares of Common Stock Option Shares so purchased from installments that which have not vested as of the date of exercise shall be subject to the a purchase option in favor of the Company as described in the Company's form of Company, pursuant to an Early Exercise Stock Purchase Agreement; Agreement in form satisfactory to the Company; (c) you Optionee shall enter into the Company's form of Early Exercise Stock Purchase Agreement with a vesting schedule that will result in the same vesting as if no early exercise had occurred; and (d) as provided in the Plan, if your option the Option is an Incentive Stock Option, then, to the extent that the aggregate Fair Market Value (determined at the time of grant) of the shares of Common Stock with respect to which your option the Option plus all other Incentive Stock Options you hold held by Optionee are exercisable for the first time by you during any calendar year (under all plans of the Company and its Affiliates) exceeds one hundred thousand dollars One Hundred Thousand Dollars ($100,000), your option(s) the Options or portions thereof that exceed such limit (according to the order in which they were granted) shall be treated as Nonstatutory Stock Options. View More

Exercise Prior to Vesting (“early Exercise”). If permitted in your Grant Notice (i.e., the "Exercise Schedule" indicates "Early Exercise Permitted") and subject to the provisions of your option, you may elect at any time that is both (i) during the period of your Continuous Service and (ii) during the term of your option, to exercise all or part of your option, including the unvested portion of your option; provided, however, that: (a) a partial exercise of your option shall will be deemed to cover first vested shares of Common Stock Shares... and then the earliest vesting installment of unvested shares of Common Stock; Shares; (b) any shares of Common Stock Shares so purchased from installments that have not vested as of the date of exercise shall will be subject to the purchase option in favor of the Company as described in the Company's form of Early Exercise Stock Purchase Agreement; and 1. (c) you shall will enter into the Company's form of Early Exercise Stock Purchase Agreement with a vesting schedule that will result in the same vesting as if no early exercise had occurred; and (d) if your option is an Incentive Stock Option, then, to the extent that the aggregate Fair Market Value (determined at the time of grant) of the shares of Common Stock with respect to which your option plus all other Incentive Stock Options you hold are exercisable for the first time by you during any calendar year (under all plans of the Company and its Affiliates) exceeds one hundred thousand dollars ($100,000), your option(s) or portions thereof that exceed such limit (according to the order in which they were granted) shall be treated as Nonstatutory Stock Options. occurred. View More

Exercise Prior to Vesting (“early Exercise”). If permitted in your Grant Notice (i.e., the "Exercise Schedule" indicates "Early Exercise Permitted") and subject to the provisions of your option, you may elect at any time that is both (i) during the period of your Continuous Service and (ii) during the term of your option, to exercise all or part of your option, including the unvested portion of your option; provided, however, that: (a) a (a)a partial exercise of your option shall be deemed to cover first vested shares of Common Stock and th...en the earliest vesting installment of unvested shares of Common Stock; (b) any (b)any shares of Common Stock so purchased from installments that have not vested as of the date of exercise shall be subject to the purchase option in favor of the Company as described in the Company's form of Early Exercise Stock Purchase Agreement; (c) you and (c)you shall enter into the Company's form of Early Exercise Stock Purchase Agreement with a vesting schedule that will result in the same vesting as if no early exercise had occurred; and (d) if your option is an Incentive Stock Option, then, to the extent that the aggregate Fair Market Value (determined at the time of grant) of the shares of Common Stock with respect to which your option plus all other Incentive Stock Options you hold are exercisable for the first time by you during any calendar year (under all plans of the Company and its Affiliates) exceeds one hundred thousand dollars ($100,000), your option(s) or portions thereof that exceed such limit (according to the order in which they were granted) shall be treated as Nonstatutory Stock Options. occurred. View More