D defs.my
Entry 1 sense Webster, 1913

exercisable

/ĕk'-sẽrs-īzˌ-əb-əl/ · ex·er·ci·sa·ble · IPA /ˈɛksərsˌaɪzəbəl/
01 a. That may be exercised, used, or exerted; as, the stock options are exercisable for only five years from the date of issue.
  1. 1.
    That may be exercised, used, or exerted; as, the stock options are exercisable for only five years from the date of issue.