Option Vesting. Options shall vest as follows: --------------
(a) 100% of the Options shall vest on the 1st anniversary of the Grant Date;
(b) In the event of any change in control, merger or consolidation between the Company and any other entity (other than one in which the stockholders of the Company prior to such transaction receive, in exchange for their Company shares, stock of the surviving corporation and such stock constitutes more than 50% of the outstanding stock of the surviving corporation following such transaction), or any sale by the Company of all or substantially all of its assets, all Options then held by the Director that have not theretofore vested shall vest five days prior to the earlier of (i) the record date, if any, for such transaction and (ii) the closing date of such transaction, both subject to Section 4(a).
Option Vesting. Any shares covered by Company stock options, whether granted to you before, on or after the Effective Date) that are unvested and unexpired on the Termination Date, except for options that vest solely upon the achievement of a performance objective or objectives or options that have their vesting accelerate upon the achievement of a performance objective or objectives, will become fully vested and exercisable on the Termination Date if the shares otherwise would have vested (solely by virtue of your continued employment with the Company and not, directly or indirectly, due to a change of control of the Company) during the one-year period commencing on the Termination Date. Any other unvested options will be forfeited on the Termination Date.
Option Vesting. 100% of any options to purchase shares of common stock of the Company then held by the Director, which options are then subject to vesting, shall, notwithstanding any contrary provision in the option agreement or stock option plan pursuant to which such options had been granted, be accelerated and become fully vested and exercisable on the date immediately preceding the effective date of such termination. All other terms of the Director’s options shall remain in full force and effect.
Option Vesting. Unless otherwise determined by the Committee, Option Awards will vest 100% on the third anniversary of the Grant Date (“Vesting Date”), unless forfeited before such Vesting Date.
Option Vesting. If CPC terminates Executive's employment -------------- pursuant to Section 5.8, all Options and related stock appreciation rights outstanding on the date of termination of Executive's employment shall vest and become exercisable for all of the underlying shares of CPC common stock on that date, and any restrictions or forfeiture provisions applicable to any shares of CPC common stock or stock units awarded to Executive under any plan or arrangement maintained by CPC for his benefit shall lapse immediately on that date. Executive may exercise his Options or related stock appreciation rights at any time until the earlier of (i) the specified expiration date of the option -------- term or (ii) the expiration of the twelve (12)-month period measured from his termination date, and any Options or stock appreciation rights not exercised prior to the applicable expiration date shall lapse.
Option Vesting. The Option is fully vested and is exercisable on October 26, 2006.
Option Vesting. Twenty-five percent (25%) of the Option shall vest on the earlier of the Company’s initial public offering of common stock or September 1, 2014 and the balance of the Option shall vest in equal monthly amounts over a period of the next three years, all upon the execution and delivery of the non-qualified stock option agreement governing the Option, as applicable, provided, that in each case, the Employee continues to be an active full-time employee of the Company on the applicable vesting date; and provided further, that, if there shall occur a Change in Control (as defined in Section 4.3(c)) prior to the date on which the Option is fully vested, then the entire unvested portion of such stock, options or rights shall become immediately vested. In addition, the entire unvested portion of the Option shall become immediately vested upon the Employee’s death, Permanent Disability, Termination Without Cause or Termination for Good Reason (all as defined in Section 5 of this Agreement) if the Employee was an active full-time employee of the Company immediately before the applicable vesting termination event.
Option Vesting. Subject to the provisions of this Agreement and the Plan and the Optionee’s continued employment with the Company on the applicable vesting dates, the Option will become exercisable with respect to [one fourth of Shares subject thereto immediately on the Date of Grant and with respect to an additional one fourth of such shares on each of the first three anniversaries of the Date of Grant] [one fourth of Shares subject thereto on each of the first four anniversaries of the Date of Grant].
Option Vesting. If the Executive’s employment with the Company is terminated pursuant to Sections 1.1(a) or 1.1(b), 100% of any options to purchase shares of Common Stock of the Company then held by the Executive, which options are then subject to vesting, shall, notwithstanding any contrary provision in the option agreement or stock option plan pursuant to which such options had been granted, be accelerated and become fully vested and exercisable on the date immediately preceding the effective Termination Date. All other terms of the Executive’s options shall remain in full force and effect.
Option Vesting. The Option shall vest and become exercisable as to 50% of the Option on the Date of Grant. The Option shall vest and become exercisable as to the remaining 50% of the Option pro rata on the 25th of each month over the eighteen month period immediately following the Date of Grant, provided that Executive is employed by the Company on each such vesting date. For avoidance of doubt, there shall be no proportionate or partial vesting in the periods prior to each vesting date and vesting shall occur only on the appropriate vesting date pursuant to this Section 4(c)(iii). Vesting and exercisability shall be accelerated as follows:
(A) upon a Termination without Cause or a Termination for Good Reason, the Option will immediately vest and become exercisable (to the extent not then vested) as follows: 83.33% of the Option if the termination takes place on or after the Date of Grant and prior to the first anniversary of the Date of Grant; and 100% of the Option if the termination takes place thereafter; or (B) upon death or Termination for a Disability, the Option will immediately vest as to 50% of Executive's then unvested shares; and (C) upon the occurrence of a Change in Control while Executive is employed by the Company, the Option will fully vest and become exercisable in full (x) six (6) months after the Change in Control if Executive is then employed by the Company, or (y) if earlier, at, after or in connection with or in anticipation of the Change in Control, upon a Termination without Cause, Termination for Good Reason, Termination as a result of death or Termination for Disability or (z) if the Option is not continued, assumed or substituted for upon a Change in Control, immediately prior to the Change in Control. For this purpose, the Option will not be considered substituted for unless the terms and conditions of the substitute Option are no less favorable to Executive than those of the Option. Upon a Termination without Cause or a Termination for Good Reason that takes place prior to the Date of Grant, the Company shall immediately issue to the Executive 50% of the Option, which shall be fully vested upon the date of issue. If the Company is unable to issue all or any portion of the Option as provided in this Section 4(c) due to the lack of an adequate number of authorized options under its stock option plans, then the Company shall provide the Executive with alternative compensation of comparable value.
