Common use of Accelerated Vesting Cumulative; Continued Service Condition Clause in Contracts

Accelerated Vesting Cumulative; Continued Service Condition. The vesting and exercisability of the Option as to shares of Common Stock under paragraphs 2(a) and 2(b) shall be cumulative. The Option shall vest and become exercisable as to shares of Common Stock pursuant to this paragraph 2 if Holder is an Employee, Director or Consultant of the Company or any of its Subsidiaries on the applicable Performance Vesting Effective Date.

Appears in 2 contracts

Samples: Stock Option Agreement (Leap Wireless International Inc), Stock Option Agreement (Leap Wireless International Inc)

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Accelerated Vesting Cumulative; Continued Service Condition. The vesting and exercisability of the Option as to shares of Common Stock under paragraphs 2(a) and 2(b) shall be cumulative. The Except as otherwise provided in subparagraph 2(j), the Option shall vest and become exercisable as to shares of Common Stock pursuant to this paragraph 2 if Holder is an Employee, Director or Consultant of the Company or any of its Subsidiaries on the applicable Performance Vesting Effective Date.

Appears in 2 contracts

Samples: Executive Employment Agreement (Leap Wireless International Inc), Executive Employment Agreement (Leap Wireless International Inc)

Accelerated Vesting Cumulative; Continued Service Condition. The vesting and exercisability of the Option as to shares of Common Stock under paragraphs 2(a), 2(b) and 2(b2(c) shall be cumulative. The Option shall vest and become exercisable as to shares of Common Stock pursuant to this paragraph 2 if Holder is an Employee, Director or Consultant of the Company or any of its Subsidiaries on the applicable Performance Vesting Effective Date.

Appears in 2 contracts

Samples: Stock Option Agreement (Leap Wireless International Inc), Stock Option Agreement (Leap Wireless International Inc)

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Accelerated Vesting Cumulative; Continued Service Condition. The vesting and exercisability of the Option as to shares of Common Stock under paragraphs 2(a), 2(b) and 2(b2(c) shall be cumulative. The Except as otherwise provided in subparagraph 2(k), the Option shall vest and become exercisable as to shares of Common Stock pursuant to this paragraph 2 if Holder is an Employee, Director or Consultant of the Company or any of its Subsidiaries on the applicable Performance Vesting Effective Date.

Appears in 1 contract

Samples: Executive Employment Agreement (Leap Wireless International Inc)

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