After First Year i) During the second (2nd) to and including the seventh (7th) calendar year of service – fifteen (15) working days.
ii) During the eighth (8th) to and including the sixteenth (16th) calendar year of service – twenty (20) working days.
iii) During the seventeenth (17th) to and including the twenty- second (22nd) calendar year of service – twenty-five (25) working days.
iv) During the twenty-third (23rd) and all subsequent calendar years of service – thirty (30) working days.
After First Year. If the Change of Control occurs more than one (1) year after the Employment Date, one-half (1/2) of the shares subject to the Option that have not otherwise vested as of the effective date of the Change of Control shall accelerate vesting and become fully exercisable immediately upon the effective date of the Change of Control. The remaining unvested shares subject to the Option shall continue to vest pursuant to the terms of the Plan and corresponding stock option grant notice and stock option agreement.
After First Year. If the Sale Event occurs during the second or third year of the Performance Period, the Participant will be deemed to have earned a number of PBRSUs equal to the target number multiplied by the Performance Percentage determined under the Revenue CAGR Table, based upon (A) the Company’s annualized Revenue for the portion of the calendar year ending on the date immediately preceding the date of the Sale Event, or, if greater, (B) the Company’s Revenue for the full calendar year preceding the year in which the Sale Event occurs.
After First Year. If the Separation Date occurs more than one (1) year after the Employment Date and Employee has not received Option acceleration pursuant to Section 4 below, one-half (1/2) of the shares subject to the Option that have not otherwise vested as of the Separation Date shall accelerate vesting and become fully exercisable as of the Separation Date. The remaining unvested shares subject to the Option shall cease vesting and shall terminate as of the Separation Date.
After First Year. Subject to the last sentence of Section 8.(f) below, if the Company terminates the Executive's employment without Cause or the Executive resigns for Good Reason, in either case on or after the twelve month anniversary of the Effective Date of this Agreement, the Company shall pay the Executive Severance in an amount equal to two times the Executive's Base Salary and Annual Bonus earned in the fiscal year preceding the Executive's termination, reduced by any required payroll and tax withholdings, payable in twenty-four equal installments on the first pay day of each month (this twenty-four month period is referred to as the "Separation Period"), beginning on the first pay day of the month following the month in which the Executive's Employment terminated.
After First Year i) During the second (2nd) to and including the seventh (7th) calendar year of service - fifteen
