Common use of General Vesting Provisions Clause in Contracts

General Vesting Provisions. (i) Options to purchase 25,000 shares shall vest on September 1, 2006 (the "First Anniversary Date") provided Optionee remains continuously employed by the Company from the Grant Date through the First Anniversary Date; and if Optionee shall not remain continuously employed by the Company through the First Anniversary Date, Optionee shall forfeit upon such termination of service, the right to vest in all of the Options granted under this Agreement;

Appears in 1 contract

Samples: Agreement (Touchstone Resources Usa, Inc.)

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General Vesting Provisions. (i) Options to purchase 25,000 shares shall vest on September 1April 12, 2006 2008 (the "First Anniversary Vesting Date") provided Optionee remains continuously employed by the Company from the Grant Date through the First Anniversary Vesting Date; and if Optionee shall not remain continuously employed by the Company through the First Anniversary Vesting Date, Optionee shall forfeit upon such termination of service, the right to vest in all of the Options granted under this Agreement;; and

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Neutron Enterprises Inc)

General Vesting Provisions. (i) Options to purchase 25,000 ______ shares shall vest on September 1November 12, 2006 2009 (the "First Anniversary Vesting Date") provided Optionee remains continuously employed by the Company from the Grant Date through the First Anniversary Vesting Date; and if Optionee shall not remain continuously employed by the Company through the First Anniversary Vesting Date, Optionee shall forfeit upon such termination of service, the right to vest in all of the Options granted under this Agreement;; and

Appears in 1 contract

Samples: Stock Option Agreement (Stock-Trak Group, Inc.)

General Vesting Provisions. (i) Options to purchase 25,000 116,666 shares shall vest on September 1July 5, 2006 2007 (the "First Anniversary Vesting Date") provided Optionee remains continuously employed by the Company from the Grant Date through the First Anniversary Vesting Date; and if Optionee shall not remain continuously employed by the Company through the First Anniversary Versting Date, Optionee shall forfeit upon such termination of service, the right to vest in all of the Options granted under this Agreement;

Appears in 1 contract

Samples: Stock Option Agreement (Stellar Technologies, Inc.)

General Vesting Provisions. (i) Options to purchase 25,000 116,666 shares shall vest on September 1June 8, 2006 2007 (the "First Anniversary Vesting Date") provided Optionee remains continuously employed by the Company from the Grant Date through the First Anniversary Vesting Date; and if Optionee shall not remain continuously employed by the Company through the First Anniversary Versting Date, Optionee shall forfeit upon such termination of service, the right to vest in all of the Options granted under this Agreement;

Appears in 1 contract

Samples: Stock Option Agreement (Stellar Technologies, Inc.)

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General Vesting Provisions. (i) Options to purchase 25,000 83,333 shares shall vest on September 1December 16, 2006 (the "First Anniversary Date") provided Optionee remains continuously employed by the Company from the Grant Date through the First Anniversary Date; and if Optionee shall not remain continuously employed by the Company through the First Anniversary Date, Optionee shall forfeit upon such termination of service, the right to vest in all of the Options granted under this Agreement;

Appears in 1 contract

Samples: Stock Option Agreement (Stellar Technologies, Inc.)

General Vesting Provisions. (i) Options to purchase 25,000 _____ shares shall vest on September 1April 15, 2006 2009 (the "First Anniversary Vesting Date") provided Optionee remains continuously employed by the Company from the Grant Date through the First Anniversary Vesting Date; and if Optionee shall not remain continuously employed by the Company through the First Anniversary Vesting Date, Optionee shall forfeit upon such termination of service, the right to vest in all of the Options granted under this Agreement;; and

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Neutron Enterprises Inc)

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