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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
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.
Share options or any other right to acquire shares or to be remunerated on the basis of share price movements should not be exercisable for at least three years after their award.
Options are, or will be, exercisable for an equivalent number of common shares.
For termination without cause, the participant may exercise outstanding exercisable options within 90 days of termination.
In assessing control, potential voting rights that are exercisable currently are taken into consideration.

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