Initial Vesting Sample Clauses

Initial Vesting. The Option shall vest to the --------------- extent of 15,000 Option Shares (A) for each (i) OEM order obtained or (ii) alliance or partnership entered into between the Company and a third party as a result of the Optionee's efforts (any such order, alliance or partnership shall be a "Transaction"), up to a maximum of five (5) such Transactions or an aggregate of 75,000 Option Shares, and (B) a majority of the non-employee directors of the Company then in office (excluding the Optionee if he is then a non-employee director) authorized the Company to enter into the Transaction and also agreed that the Transaction would give rise to vesting of the Option under this Section 2.1 or Section 2.2 hereof (any such approved Transaction shall be a "Vesting Transaction"). The non-employee directors' approval of a Transaction and agreement that such Transaction would be a Vesting Transaction shall be in their discretion, and such decision shall be final and binding on the Company and the Optionee. The Company shall give notice to the Optionee of the decision of the non-employee directors as to whether a proposed Transaction became a Vested Transaction.
Sample 1
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Initial Vesting. Warrants for the right to purchase 82,197 shares of fully paid and nonassessable Common Stock shall be Vested on the Closing Date, without regard to volume levels.
Sample 1
Initial Vesting. The Holder may exercise this Warrant, in whole or in part, at any time or from time to time on any business day prior to the Expiration Date (as defined herein), for six million four hundred thousand (6,400,000) shares of Common Stock.
Sample 1
Initial Vesting. In the event that the Executive continues to serve as an executive officer of the Company until the Initial Vesting Date, the Executive shall be entitled to an Incentive Payout in an amount equal to 40% of the Executive’s total Compensation for the preceding year.
Sample 1
Initial Vesting. [●%] will vest on the date that is [12] months after the Effective Date; and
Sample 1
Initial Vesting. 29.1 Each Participant shall be entitled (subject to clause 33) at any time between the Initial Vesting Date and the Termination Date, by notice to the Trustees in terms of clause 29.2, to instruct the Trustees to sell 40% (forty percent) of the number of Scheme Shares which, on the Initial Vesting Date, are notionally allocated to that Participant in terms of clauses 8.1 and 8.2.
Sample 1

Related to Initial Vesting

  • Normal Vesting Subject to the terms and conditions of Sections 2 and 3 hereof, Grantee’s right to receive the Common Shares covered by this Agreement and any Deferred Cash Dividends accumulated with respect thereto shall become nonforfeitable on the fifth anniversary of the Date of Grant if Grantee has been in the continuous employ of the Company or a Subsidiary from the Date of Grant until the date of such fifth anniversary. For purposes of this Agreement, Grantee’s continuous employment with the Company or a Subsidiary shall not be deemed to have been interrupted, and Grantee shall not be deemed to have ceased to be an employee of the Company or a Subsidiary, by reason of any transfer of employment among the Company and its Subsidiaries.

  • Equity Vesting All of the then-unvested shares subject to each of the Executive’s then-outstanding equity awards will immediately vest and, in the case of options and stock appreciation rights, will become exercisable (for avoidance of doubt, no more than 100% of the shares subject to the then-outstanding portion of an equity award may vest and become exercisable under this provision). In the case of equity awards with performance-based vesting, all performance goals and other vesting criteria will be deemed achieved at the greater of actual performance or 100% of target levels. Unless otherwise required under the next following two sentences or, with respect to awards subject to Section 409A of the Code, under Section 5(b) below, any restricted stock units, performance shares, performance units, and/or similar full value awards that vest under this paragraph will be settled on the 61st day following the CIC Qualified Termination. For the avoidance of doubt, if the Executive’s Qualified Termination occurs prior to a Change in Control, then any unvested portion of the Executive’s then-outstanding equity awards will remain outstanding for 3 months or the occurrence of a Change in Control (whichever is earlier) so that any additional benefits due on a CIC Qualified Termination can be provided if a Change in Control occurs within 3 months following the Qualified Termination (provided that in no event will the Executive’s stock options or similar equity awards remain outstanding beyond the equity award’s maximum term to expiration). In such case, if no Change in Control occurs within 3 months following a Qualified Termination, any unvested portion of the Executive’s equity awards automatically will be forfeited permanently on the 3-month anniversary of the Qualified Termination without having vested.

  • Time Vesting Subject to Sections 5(b) and 6 below, the RSUs will vest and become nonforfeitable in accordance with and subject to the vesting schedule set forth on Exhibit A attached hereto, subject to the Participant’s continued status as a Service Provider on the applicable vesting date.

  • General Vesting The shares of Restricted Stock shall become vested in the following amounts, at the following times and upon the following conditions, provided that the Continuous Service of the Recipient continues through and on the applicable Vesting Date: Number of Shares of Restricted Stock Vesting Date [ ] [ ] [ ] [ ] Except as otherwise provided in Sections [2(b),] [2(c),] [2(d),] [2(e)] and 4 hereof, there shall be no proportionate or partial vesting of shares of Restricted Stock in or during the months, days or periods prior to each Vesting Date, and all vesting of shares of Restricted Stock shall occur only on the applicable Vesting Date.

  • Special Vesting Rules Notwithstanding Section 1.2 above:

  • Stock Vesting Unless otherwise approved by the Board of Directors, all stock options and other stock equivalents issued after the date of this Agreement to employees, directors, consultants and other service providers shall be subject to vesting as follows: (a) twenty-five percent (25%) of such stock shall vest at the end of the first year following the earlier of the date of issuance or such person’s services commencement date with the Company, and (b) seventy-five percent (75%) of such stock shall vest over the remaining three (3) years.

  • Option Vesting Options shall vest as follows:

  • Restrictions; Vesting Subject to the terms and conditions of the Plan and this Agreement, Participant’s rights in and to Restricted Stock Units shall vest, if at all, as follows:

  • Vesting Dates The ISOs shall vest as follows, subject to earlier vesting in the event of a termination of Service as provided in Section 6 or a Change in Control as provided in Section 7: ISOs for

  • Service Vesting Except as otherwise provided in this Section 3, the Restricted Shares will be forfeited as to the unvested portion of the Award if the Participant does not remain continuously in the employment of the Company through the specified lapsing dates set forth in Section 2 above.

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