Acceleration of Vesting of Stock Option Sample Clauses

Acceleration of Vesting of Stock Option. On the date of termination of Executive’s employment, 100% of the shares subject to any stock option then held by Executive, including without limitation, the option described in Section 2.3, shall vest and become immediately exercisable.
Sample 1Sample 2Sample 3See All (7)
AutoNDA by SimpleDocs
Acceleration of Vesting of Stock Option. On the date of Executive’s termination of employment, the vesting of the shares subject to any stock option then held by Executive, including without limitation the option described in Section 2.4, shall accelerate twelve (12) months.
Sample 1
Acceleration of Vesting of Stock Option. In the event that the Company terminates Executive’s employment without Cause or Executive terminates his employment for Good Reason in either case on or prior to the first anniversary of the Effective Date, a number of shares subject to the option described in Section 2.3 equal to the product of 1/48th of the number of shares subject to the option multiplied by the number of monthly anniversaries of the Effective Date that have elapsed, together with an additional 25% of the number of shares subject to the option, shall immediately vest. In the event that the Company terminates Executive’s employment without Cause or Executive terminates his employment for Good Reason after the first anniversary of the Effective Date, all of the shares subject to the stock option described in Section 2.3 shall immediately vest.
Sample 1
Acceleration of Vesting of Stock Option. Immediately upon the execution of this Agreement by the parties hereto, Paciotti’s options to purchase an aggregate of 625,000 shares of GVI’s common stock, par value $.001 per share, under the Option Agreements, dated as of February 17, 2004 and January 6, 2005, between Paciotti and GVI shall be fully vested and exercisable in full until December 31, 2006.
Sample 1
Acceleration of Vesting of Stock Option. Immediately upon the execution of this Agreement by the parties hereto, Wade's option to purchase 1,000,020 shares of Parent's common stock, par value $.001 per share, under the Option Agreement, dated as of February 20, 2004, between Wade and Parent (f/k/a Thinxxxx Tools, Inc.) shall be exercisable in full.
Sample 1
Acceleration of Vesting of Stock Option. (a) With respect to stock options granted to Executive prior to July 12, 2007, on the date of termination of Executive’s employment, 100% of the shares subject to any stock option then held by Executive, including without limitation, the options described in Section 2.3, shall vest and become immediately exercisable. In addition, notwithstanding the terms of any option award or agreement to the contrary, Executive shall have until the first to occur of the following to exercise any stock option held by Executive on the date of termination of Executive’s employment: (i) the expiration of the maximum term of such option, (ii) the termination of the option in connection with a Change in Control or similar event as provided in the applicable option agreement and/or plan under which the option was granted, or (iii) three (3) years from the date of termination of Executive’s employment.
Sample 1

Related to Acceleration of Vesting of Stock Option

  • Vesting of Stock Options All unvested stock options held by Executive, if any, shall vest immediately upon a Change of Control Termination as defined in Section 6.1.2. Executive may exercise such options in accordance with the terms and conditions of the stock option plan and the agreement pursuant to which such options were granted.

  • Acceleration of Stock Options The Company shall accelerate and make immediately exercisable any and all unmatured stock options (whether or not such stock options are otherwise exercisable) which Executive then holds to acquire securities from the Company; provided, however, that Executive shall have ninety (90) days after such termination of employment to exercise any outstanding stock options and after such ninety (90) days any and all unexpired stock options shall lapse; and, provided, further, however, any tax benefit provisions with respect to any stock options shall apply to any and all unmatured stock options (whether or not such stock options are otherwise exercisable). If as a result of such acceleration of incentive stock options the $100,000 limitation would be exceeded with respect to an optionee, such incentive stock options shall be converted, as of the date such incentive stock options become exercisable, to non-qualified stock options to the extent necessary to comply with the $100,000 limitation and the Company shall pay to such optionee an additional cash payment equal to the tax benefit to be received by the Company attributable to its federal income tax deduction resulting from the exercise of such converted non-qualified stock options.

  • Acceleration of Vesting Notwithstanding any provision of the Plan or this Agreement to the contrary, in the event of a Change in Control prior to the date that the Option is fully vested and exercisable, the Option shall become immediately vested and exercisable with respect to 100% of the Shares in each remaining vesting tranche. To the extent practicable, such acceleration of vesting and exercisability shall occur in a manner and at a time which allows the Participant the ability to participate in the Change in Control with respect to the Shares of Common Stock received.

  • Stock Option Vesting The provisions of this Section 2.2(d) shall apply to any equity based awards under the Omnibus Plan, the defined terms of which are incorporated in this Section 2.2(d) by reference.

  • Vesting of Option The Option shall be 100% vested upon the date of grant.

  • Grant of Stock Option The Company grants to Employee the right and option (hereinafter referred to as the "Option") to purchase all or any part of up to ________ shares of the Company's Common Stock (the "Option Shares") on the terms and conditions set forth below and in the Plan.

  • Vesting of Award Subject to Section 2(b) below and the other terms and conditions of this Agreement, this Award shall become vested in three equal annual installments on the first, second and third anniversaries of the date hereof. Unless otherwise provided by the Company, all dividends and other amounts receivable in connection with any adjustments to the Shares under Section 4(c) of the Plan shall be subject to the vesting schedule in this Section 2(a).

  • Grant of Stock Options This non-qualified Stock Option is granted under and pursuant to the Plan and is subject to each and all of the provisions thereof.

  • Acceleration of Vesting Upon Change in Control Effective at the time of a Change in Control, all unvested stock options and stock previously issued to Executive as to which rights of ownership are subject to forfeiture shall immediately vest; all risk of forfeiture of the ownership of stock or stock options and restrictions on the exercise of options shall lapse; and, Executive shall be entitled to exercise any or all options, such that the underlying shares will be considered outstanding at the time of the Change in Control.

  • Vesting of PSUs The PSUs are subject to forfeiture until they vest. Except as otherwise provided in this Agreement, the PSUs will vest and become non-forfeitable on the last day of the Performance Period, subject to (a) the achievement of the minimum threshold performance goals for payout set forth in the attached Exhibit A, (b) the certification of the performance results for the PSUs by the Committee, and (c) there being no termination of Grantee’s employment (as determined pursuant to Section 7.2 of the Plan) from the Grant Date through the last day of the Performance Period. The number of PSUs that vest and become payable under this Agreement shall be determined by the Committee based on the level of achievement of the performance goals set forth on the attached Exhibit A and shall be rounded to the nearest whole PSU.

Time is Money Join Law Insider Premium to draft better contracts faster.