Common use of Month Vesting Schedule Clause in Contracts

Month Vesting Schedule. As long as Employee is continuously employed by the Company, Employee shall acquire a Vested Interest in 3,612 shares of Stock subject to this Option per month for the first thirty five (35) months following the Date of Grant, and 3,580 shares of Stock subject to this Option per month for the thirty sixth month following the Date of Grant. Upon termination of Employee's employment with the Company for any reason, including, but not limited to, death and disability, Employee shall cease to acquire a Vested Interest in the shares subject to this Option.

Appears in 1 contract

Samples: Incorporated 1999 Stock Incentive Plan (Xpedior Inc)

AutoNDA by SimpleDocs

Month Vesting Schedule. As long as Employee is continuously employed by the Company, Employee shall acquire a Vested Interest in 3,612 3472 shares of Stock subject to this Option per month for the first thirty five (35) months following the Date of Grant, and 3,580 a Vested Interest in 3480 shares of Stock subject to this Option per month for the thirty thirty-sixth (36th) month following the Date of Grant. Upon termination of Employee's employment with the Company for any reason, including, but not limited to, death and disability, Employee shall cease to acquire a Vested Interest in the shares subject to this Option.

Appears in 1 contract

Samples: Xpedior Stock Incentive Plan (Xpedior Inc)

Month Vesting Schedule. As long as Employee is continuously employed by the Company, Employee shall acquire a Vested Interest in 3,612 4861 shares of Stock subject to this Option per month for the first thirty five (35) months following the Date of Grant, and 3,580 a Vested Interest in 4865 shares of Stock subject to this Option per month for the thirty thirty-sixth (36/th/) month following the Date of Grant. Upon termination of Employee's employment with the Company for any reason, including, but not limited to, death and disability, Employee shall cease to acquire a Vested Interest in the shares subject to this Option.

Appears in 1 contract

Samples: Stock Incentive Plan (Xpedior Inc)

Month Vesting Schedule. As long as Employee is continuously employed by the Company, Employee shall acquire a Vested Interest in 3,612 4861 shares of Stock subject to this Option per month for the first thirty five (35) months following the Date of Grant, and 3,580 a Vested Interest in 4865 shares of Stock subject to this Option per month for the thirty thirty-sixth (36th) month following the Date of Grant. Upon termination of Employee's employment with the Company for any reason, including, but not limited to, death and disability, Employee shall cease to acquire a Vested Interest in the shares subject to this Option.

Appears in 1 contract

Samples: Stock Incentive Plan (Xpedior Inc)

AutoNDA by SimpleDocs

Month Vesting Schedule. As long as Employee is continuously employed by the Company, Employee shall acquire a Vested Interest in 3,612 1,944 shares of Stock subject to this Option per month for over the first thirty five (35) months month period following the Date of Grant, and 3,580 a Vested Interest in 1,960 shares of Stock subject to this Option per month for following the thirty sixth (36th) month following the Date of Grant. Upon termination of Employee's employment with the Company for any reason, including, but not limited to, death and disability, Employee shall cease to acquire a Vested Interest in the shares subject to this Option.

Appears in 1 contract

Samples: Incorporated 1999 Stock Incentive Plan (Xpedior Inc)

Month Vesting Schedule. As long as Employee is continuously employed by the Company, Employee shall acquire a Vested Interest in 3,612 6,250 shares of Stock subject to this Option per month for the first thirty five (35) months following the Date of Grant, and 3,580 shares of Stock subject to this Option per month for the thirty sixth month following the Date of Grant. Upon termination of Employee's employment with the Company for any reason, including, but not limited to, death and disability, Employee shall cease to acquire a Vested Interest in the shares subject to this Option.

Appears in 1 contract

Samples: Incorporated 1999 Stock Incentive Plan (Xpedior Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.