Vesting of the Options. (a) Subject to earlier expiration or termination as provided herein, the Options will be vested and exercisable based on the vesting criteria set forth in the attached Exhibit A.
Vesting of the Options. Except as otherwise specifically provided in this Agreement, after your employment or service with the Company has terminated for any reason, the vesting of the Options shall cease immediately.
Vesting of the Options. The Options will vest as follows:
Vesting of the Options. Section 2.3(a)(ii) and 2.3(c) of the Option Agreement are hereby amended to read in their entirety as follows:
Vesting of the Options. The Options shall vest in equal increments of 20% per year beginning on 31 March 2005 and each anniversary thereof ending on 31 March 2009, subject to your remaining in continuous employment or service with Headwaters or any of its subsidiaries, including the Company, as required by the Option Agreement. After your employment or service with Headwaters or any of its subsidiaries, including the Company has terminated, the vesting of the Options shall cease immediately; provided, that if your employment or service with Headwaters or any of its subsidiaries, including the Company, has terminated for reason of Disability or death or without Cause or for Good Reason (as such terms are defined below), any unvested Options shall immediately vest upon the occurrence of said event.
Vesting of the Options. (a) Subject to the Participant’s continued Services with the Company and its Affiliates, the Option shall vest and become exercisable with respect to one-third (1/3) of the Shares subject to such Time Option on each of the first three anniversaries of the Date of Grant. Notwithstanding the foregoing, in the event of a Change of Control that occurs during the Participant’s Services with the Company and its Affiliates, the Option shall, to the extent not then vested or previously forfeited or cancelled, become fully vested and exercisable.
Vesting of the Options. At any time, the portion of the Options that have become vested and exercisable as described in this Section 2 is referred to as the "Vested Portion.”
Vesting of the Options. Each Option granted to Consultant shall vest immediately upon its grant (as applicable) and shall be in effect for a period of three (3) years commencing as of the date of its grant and shall expire immediately thereafter (the “Termination Date”).
Vesting of the Options. The Options will vest as follows: ----------------------
Vesting of the Options. (i) 125,000 Options will vest on the sooner of (a) the first date following ten (10) consecutive trading days during which the Common Stock trades at a value of at least $2.50 per Share as adjusted for any stock combination, stock dividend, stock split or other recapitalization event occurring with respect to the Company's Common Stock (a "Recapitalization"); or (b) five (5) ---------------- years from the date of grant.
