Time of Exercise of Option Contract Clauses (23)

Time of Exercise of Option. The Option may not be exercised prior to the vesting date set forth above. Following such date and until it expires or is terminated as provided in Sections 2 or 6, this Option may be exercised from time to time to purchase whole shares.

Time of Exercise of Option. (a) The Option shall not be exercisable prior to one (1) year from grant. Thereafter, the Option shall be exercisable as follows: Percentage of Shares Becoming Cumulative Available for Percentage On or After Exercise Available 12 months 25% 25% 24 months 25% 50% 36 months 25% 75% 48 months 25% 100% Exercisability of the Option upon a Change in Control shall be determined as provided in Section 13 of the 2016 Plan.

Time of Exercise of Option. Prior to its termination as set forth in Section 5 below, this option shall vest, and the Employee may exercise the option granted herein on the following dates, or thereafter, provided the option is exercised prior to its termination: Vest Date Number of OptionShares Exercisable Percentage ofOption SharesExercisable Option ExpirationDate % 33 1/3 % — % 33 1/3 % — % 33 1/3 % — % 3. Method of Exercise. The option shall be exercised by written notice directed to the Compensation Committee (the "Co...mmittee"), at the Company's principal executive office, and except as set forth below, must be accompanied by payment of the option price for the number of Option Shares purchased in accordance with the Plan's requirements. The payment for the number of Option Shares purchased may be payable in cash or by tendering unrestricted shares of the Company's common stock in accordance with the Plan. To the extent permitted by applicable law, you may elect to pay for the number of Option Shares purchased by irrevocably authorizing a third party to sell shares of the Company's common stock acquired upon exercise of the Option Shares and remitting to the Company a sufficient portion of the sale proceeds as payment of the entire option price for the number of Option Shares purchased, including any tax withholding resulting from such exercise. The Company shall make delivery of such shares in accordance with the Plan, provided that if any law or regulation requires the Company to take any action with respect to the shares specified in such notice before the issuance thereof, then the date of delivery of such shares shall be extended for the period necessary to take such action. View More