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What does exercisable mean?

Looking for the meaning or definition of the word exercisable? Here's what it means.

Adjective
  1. Capable of being exercised.
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Examples
For termination without cause, the participant may exercise outstanding exercisable options within 90 days of termination.
Potential voting rights are not currently exercisable or convertible when, for example, they cannot be exercised or converted until a future date or until the occurrence of a future event.
It is often said that the degree of compassion and principle that are exercisable in politics are inversely related to proximity to power, rather than which side you're on.
Based on the stipulations of the share option plans, these warrants become exercisable from June 2009 onward.
In assessing control, potential voting rights that are exercisable currently are taken into consideration.
Yet it was not until the Guardianship Act 1973 that statute gave each parent equal and separately exercisable rights over a legitimate child.

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