Examples of Optioned Shares in a sentence
This Option shall not become vested for any additional Optioned Shares, following Optionee’s cessation of employment or other association with the Company and its Affiliates, except to the extent (if any) specifically authorized by the Committee pursuant to an express written agreement with Optionee.
Upon the expiration of such limited exercise period as specified in Section 3 above or (if earlier) upon the Expiration Date, this Option shall terminate and cease to be outstanding for any Optioned Shares for which this Option has not been exercised.
However, during any period that this Option remains outstanding after the Optionee’s employment or other association with the Company and its Affiliates ends, this Option may not be exercised in the aggregate for more than the number of Optioned Shares that are Vested Option Shares pursuant to the vesting provisions of this Section 4.
Any Optioned Shares that do not vest as of the Vesting Date, in accordance with the table below, shall be forfeited as of the Vesting Date.
Subject to Sections 4(c) and 4(d) below, that percentage of Optioned Shares specified in the table below shall become Vested Option Shares (if at all) on the 3rd anniversary of the Grant Date (the “Vesting Date”) if the average Market Value of a share of Stock measured over any 30 consecutive trading days during the period beginning on the Grant Date and ending on the Vesting Date equals or exceeds the Average Stock Price Hurdle set forth opposite such number in the table below.