Common use of IN OPTIONS Clause in Contracts

IN OPTIONS. The Option becomes vested as to twenty percent of the shares purchasable pursuant to the Option on August 1, 1999 (the first "Anniversary Date"), if the Optionee has been providing services to the Company or any of its affiliates continuously from the date of grant to the Anniversary Date. Thereafter, so long as the Optionee's service has not been interrupted, the Option becomes vested as to an additional twenty percent of the shares subject to the Option after each of the next four Anniversary Dates. Service for this purpose includes service as an employee, director, advisor or consultant providing bona fide services to the Company or any of its affiliates. For purposes of this Stock Option Agreement, termination of service would not be deemed to occur if the Optionee, after terminating service in one capacity, continues to provide service to the Company or any of its affiliates in another capacity. Termination of service is sometimes also referred to herein as termination of employment or other relationship with the Company or any of its affiliates.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Global Imaging Systems Inc)

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IN OPTIONS. The Option becomes vested as to twenty _____ percent of the shares purchasable pursuant to the Option on August 1, 1999 the first anniversary of the date of grant (the first "Anniversary Date"), if the Optionee has been providing services to the Company or any of its affiliates Corporation continuously from the date of grant to the Anniversary Date. Thereafter, so long as the Optionee's continuous service has not been interrupted, the Option becomes vested as to an additional twenty _________ percent of the shares subject to the Option after each of the next four ______ Anniversary Dates. Service for this purpose includes service as an employee, director, advisor or consultant providing bona fide services to the Company Corporation or any of its affiliatesan Affiliate. For purposes of this the Stock Option Agreement, termination of service would not be deemed to occur if the Optionee, after terminating service in one capacity, continues to provide service to the Company Corporation or any of its affiliates an Affiliate in another capacity. Termination of service is sometimes also referred to herein as termination of employment or other relationship with the Company Corporation or any of its affiliatesan Affiliate.

Appears in 1 contract

Samples: Employment Agreement (LCC International Inc)

IN OPTIONS. The Option becomes vested as to twenty 50 percent of the shares purchasable pursuant to the Option on August 1, 1999 (the first second "Anniversary Date"), if the Optionee has been providing services to the Company Corporation or any of its affiliates Affiliates continuously from the date of grant to the Anniversary Date. Thereafter, so long as the Optionee's continuous service has not been interrupted, the Option becomes vested as to an additional twenty 25 percent of the shares subject to the Option after each of the next four two Anniversary Dates. Service for this purpose includes service as an employee, director, advisor or consultant providing bona fide services to the Company Corporation or any of its affiliatesAffiliates. For purposes of this Stock Option Agreement, termination of service would not be deemed to occur if the Optionee, after terminating service in one capacity, continues to provide service to the Company Corporation or any of its affiliates Affiliates in another capacity. Termination of service is sometimes also referred to herein as termination of employment or other relationship with the Company Corporation or any of its affiliatesAffiliates.

Appears in 1 contract

Samples: Stock Option Agreement (Itc Deltacom Inc)

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IN OPTIONS. The Option becomes vested as to twenty percent of the shares purchasable pursuant to the Option on August 1, 1999 _____________ (the first "Anniversary Date"), if the Optionee has been providing services to the Company or any of its affiliates continuously from the date of grant to the Anniversary Date. Thereafter, so long as the Optionee's service has not been interrupted, the Option becomes vested as to an additional twenty percent of the shares subject to the Option after each of the next four Anniversary Dates. Service for this purpose includes service as an employee, director, advisor or consultant providing bona fide services to the Company or any of its affiliates. For purposes of this Stock Option Agreement, termination of service would not be deemed to occur if the Optionee, after terminating service in one capacity, continues to provide service to the Company or any of its affiliates in another capacity. Termination of service is sometimes also referred to herein as termination of employment or other relationship with the Company or any of its affiliates.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Global Imaging Systems Inc)

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