Vesting of Right to Exercise Option. (a) Except as otherwise provided in this Agreement, the right to exercise this Option shall vest as to 20% of the total Shares which may be purchased hereunder (rounded to the nearest whole share) on , 20 _____, shall vest with respect to an additional 20% of the total Shares which may be purchased hereunder (rounded to the nearest whole share) on , 20 _____, shall vest with respect to an additional 20% of the total Shares which may be purchased hereunder (rounded to the nearest whole share) on , 20 _____, shall vest with respect to an additional 20% of the total Shares which may be purchased hereunder (rounded to the nearest whole share) on , 20 _____, and shall be fully vested on , 20 _____. From and after each date of vesting, Optionee may exercise this Option, subject to the terms and conditions set forth herein, to purchase all or any portion of the Shares for which Optionee’s rights have vested.
Vesting of Right to Exercise Option. (a) Except as otherwise provided in this Agreement, the right to exercise this Option shall vest on the first Realized Equity Value Date on which the Realized Equity Value equals or exceeds the Initial Buy-In Price multiplied by five. From and after such date of vesting, if any, Optionee may exercise this Option, subject to the terms and conditions set forth herein.
Vesting of Right to Exercise Option. This Option shall become exercisable as to portions of the Shares as follows: (a) this Option shall not be exercisable with respect to any of the Shares until ____________ (the “FIRST VESTING DATE”); (b) if Participant has continuously provided services to the Company or any Subsidiary, Parent or Affiliate of the Company from the Date of Grant through the First Vesting Date and has not been Terminated on or before the First Vesting Date, then on the First Vesting Date this Option shall become exercisable as to two and eight one-hundredths percent (2.08%) of the Shares; (c) thereafter, so long as Participant continuously provides services to the Company or any Subsidiary, Parent or Affiliate of the Company and is not Terminated, upon the expiration of each successive full month after the First Vesting Date, this Option shall become exercisable as to an additional two and eight one-hundredths percent (2.08%) of the Shares; provided that this Option shall in no event ever become exercisable with respect to more than 100% of the Shares.
Vesting of Right to Exercise Option. (a) Except as otherwise provided in this Agreement, the right to exercise this Option shall vest in the manner set forth on Exhibit A, which is attached hereto and incorporated herein by reference for all purposes. From and after each date of vesting, Optionee may exercise this Option, subject to the terms and conditions set forth herein, to purchase all or any portion of the Shares for which Optionee's rights have vested.
Vesting of Right to Exercise Option. (a) The right to exercise the Options is fully vested as of October 30, 2002. Optionee may exercise the Options, subject to the terms and conditions set forth herein, to purchase all or any portion of the Shares for which Optionee's rights have vested.
Vesting of Right to Exercise Option. The Vesting Schedule of the ----------------------------------- Agreement, as set forth in the Notice of Stock Option Grant related thereto, is hereby amended in its entirety to read as follows:
Vesting of Right to Exercise Option. The Optionee may purchase from the Company the following aggregate number of shares covered by the Option on and after each of the following dates during the term of the Option: Date Number of Shares Available On a Cumulative Basis Third anniversary of the date the Company consummates the initial public offering of its Common Shares One-third of all option shares, rounded down to the nearest whole number of shares Fourth anniversary of the date the Company consummates the initial public offering of its Common Shares Two-thirds of all option shares, rounded down to the nearest whole number of shares Fifth anniversary of the date the Company consummates the initial public offering of its Common Shares 100% of all option shares The Option, to the extent vested, shall be exercisable in whole at any time or in part from time to time during the term of the Option. The term of the Option shall be five (5) years and six (6) months from the date the Company consummates the initial public offering of its Common Shares or such shorter period as is prescribed in paragraph 3. Notwithstanding anything in this Agreement or the Plan to the contrary, this Option shall not be exercisable unless, on or before the sixtieth day after the date of this award agreement, the Company consummates the initial public offering of its Common Shares.
Vesting of Right to Exercise Option. If Optionee has continuously provided services as an employee or officer (each, a "SERVICE PROVIDER") to the Company or to any Subsidiary, Parent or Affiliate of the Company from the Date of Grant through March 18, 2004 (the "FINAL VESTING DATE") and has not been Terminated on or before the Final Vesting Date, then on the Final Vesting Date, this Option shall become exercisable with respect to one hundred percent (100%) of the Shares. Notwithstanding the foregoing, this Option shall become exercisable as to portions of the Shares prior to the Final Vesting Date as follows:
Vesting of Right to Exercise Option. This Option shall become exercisable as it vests as to portions of the Shares as follows: (a) this Option shall not be exercisable with respect to any of the Shares until _________________ (the "Vesting Start Date"); (b) On the Vesting Start Date this Option shall become exercisable as to twenty-five percent (25%) of the Shares; and (c) thereafter, on the first anniversary of the Vesting Start Date and on each successive anniversary of the Vesting Start Date, this Option shall become exercisable as to an additional twenty-five percent (25%) of the Shares; provided that this Option shall in no event ever become exercisable with respect to more than 100% of the Shares. Vesting will occur so long as Participant continuously provides services to the Company or any Subsidiary, Parent or Affiliate of the Company and is not terminated.
Vesting of Right to Exercise Option. Subject to the terms and conditions of the 2005 Plan and this Grant, and so long as the Optionee continuously remains a member of the Board of Directors of the Company (a “Board Member”), this Option shall vest and become exercisable as to one-twelfth (1/12) of the Shares monthly following the Date of Grant.
