Common use of Option Grants Clause in Contracts

Option Grants. Unless provided otherwise by the Compensation Committee and set forth in the applicable award agreement, all options to purchase shares of the common stock of TurboChef (“TurboChef Stock”) that TurboChef grants to Executive shall vest over thirty six months in twelve equal quarterly installments of 8-1/3% on the calendar date of the grant in the third, sixth, ninth and twelfth months following the grant date and following each of the next two anniversaries of the grant date.

Appears in 6 contracts

Samples: Employment Agreement (Turbochef Technologies Inc), Employment Agreement (Turbochef Technologies Inc), Employment Agreement (Turbochef Technologies Inc)

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Option Grants. Unless provided otherwise by the Compensation Committee and set forth in the applicable award agreement, all All options to purchase shares of the common stock of TurboChef (“TurboChef Stock”) that TurboChef grants to Executive shall vest over thirty six months in twelve equal quarterly installments of 8-1/3% on the calendar date of the grant in the third, sixth, ninth and twelfth months following the grant date and following each of the next two anniversaries of the grant date.

Appears in 4 contracts

Samples: Employment Agreement (Turbochef Technologies Inc), Employment Agreement (Turbochef Technologies Inc), Employment Agreement (Turbochef Technologies Inc)

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Option Grants. Unless provided otherwise by the Compensation Committee and set forth in the applicable award agreement, all All options to purchase shares of the common stock of TurboChef ("TurboChef Stock") that TurboChef grants to Executive shall vest over thirty six months in twelve equal quarterly installments of 8-1/3% on the calendar date of the grant in the third, sixth, ninth and twelfth months following the grant date and following each of the next two anniversaries of the grant date.

Appears in 1 contract

Samples: Employment Agreement (Turbochef Technologies Inc)

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