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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
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.
And it is exercisable by the Queen's representative, not her delegate or agent.
Most important of all, says Nell Minow of The Corporate Library, a watchdog website, top executives earn most of their money these days from large grants of stock options, which are typically exercisable over ten years.
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.
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.

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