Option Vesting and Exercise. The Option is on terms set forth in the Notice and is subject to all applicable provisions of the Plan and to the following terms and conditions:
Option Vesting and Exercise. The Option may be exercised in accordance with the following vesting schedule if Optionee is employed by the Company or its Subsidiaries on the respective dates indicated below: On or After Shares Subject to Purchase [ ] 33 1/3% of Option [ ] an additional 33 1/3% of Option [ ] an additional 33 1/3% of Option To exercise any portion of the Option that has vested, the Company must receive both written notice of exercise specifying the number of Option Shares to be purchased and payment for the full purchase price of such Option Shares plus the corresponding amount of any taxes the Company is required to withhold in connection with such exercise. The purchase price for such Option Shares and any corresponding tax withholding amounts may be paid in, or in any combination of, cash, cash equivalents or shares of Common Stock that are not subject to any pledge, other security interest or other applicable restriction under the Plan. Such Option Shares will be issued, in whole shares only, by or on behalf of the Company as soon as practicable upon the Company’s or its agent’s receipt of the full purchase price for such Option Shares and all corresponding tax withholding amounts. Except as provided in Section 3 below with respect to Optionee’s Retirement and subject to Section 4 below, Optionee will immediately forfeit all rights, title and interests in and to any portion of the Option that has not vested on the date Optionee’s employment with the Company is terminated.
Option Vesting and Exercise. Twenty-five percent (25%) of the Option shall be vested and exercisable on the first anniversary of the date of the grant of the Option. On the last day of each month thereafter, continuing to the fourth anniversary of the date of the grant of the Option, an additional one forty-eighth of the Option shall vest, subject to Section 9(d).
Option Vesting and Exercise. Twenty-five percent (25%) of the Option shall be vested and exercisable on the first anniversary of the grant of the Options. Thereafter, the balance of the Options shall be vested and become exercisable in monthly installments over the next 24 months that the Executive is employed with the Company. For 60,000 options currently held under the original 2006 employment agreement according to the Omnibus Stock Award plan, the vesting schedule shall remain unchanged.
Option Vesting and Exercise. In exchange for your promises and releases in this Agreement, and provided that this Agreement becomes effective, the vesting of your options to purchase the common stock of the Company (the “Options”) shall be accelerated effective on the Separation Date such that one hundred thousand six hundred sixty-six thousand six hundred sixty-six (166,666) shares shall be vested and exercisable by you following the Effective Date of this Agreement. Your right to exercise vested Options shall, in addition to the requirements of this section 3, be governed by your stock option grant notice, stock option agreement, the applicable equity incentive plan of the Company, and any other documents between you and the Company setting forth the terms of your stock option grants.
Option Vesting and Exercise. Your options to purchase stock of the Company (the “Options”) shall cease to vest on the Separation Date. Notwithstanding anything to the contrary in your stock option grant notice, stock option agreement, or the applicable equity incentive plan of the Company and any other documents between you and the Company setting forth the terms of your stock option grants (the “Option Documents”), you and the Company agree that the Company shall, if you so elect, extend the exercise period for your Options such that you may exercise any vested Options on or before June 30, 2011. The extension of the exercise period may affect the tax treatment of your Options. You are advised that you should seek independent advice regarding the tax and other consequences of extending the exercise period, and by your signature below, you acknowledge and agree that you shall obtain such advice. You and the Company hereby consent to the modification and amendment of the terms governing your Options and the Option Documents to conform to the provisions of this Agreement. Except as modified by this Agreement, all terms, conditions and limitations applicable to the Options will remain in full force and effect pursuant to the applicable Option Documents. Attached hereto as Exhibit A is a spreadsheet showing the status of your Options. Mr. M. Sxxxx Xxxxx April 15, 2010
Option Vesting and Exercise. As a clarification and not a modification of the Transition Agreement or any other agreement that may exist between Solomon and Groupon, the Parties agree that the attached Exhibit A accurately reflects number of options on Groupon common stock vested by Xx. Xxxxxxx as of July 25, 2011 (the “Options”). The parties further agree that (a) notwithstanding Solomon’s continued employment at Groupon after July 25, 2011, Solomon is not entitled to any additional vesting of any options on Groupon common stock or any other consideration other than that set forth in this Amendment, and (b) all other terms of the Options shall remain as set forth in XxxXxxxx.xxx, Inc. 2008 Stock Plan and any grant documents, notices of grant, and option agreements issued to Solomon thereunder.
Option Vesting and Exercise. Provided that you satisfy all conditions of this Section 2 and the “Post-Employment Obligations” (defined below) the Option shall vest at the conclusion of the Consulting Period. Once vested, and subject to your satisfaction of the Post-Employment Obligations, you shall have the right to exercise all or part of the Option for a period of three years following the Consulting Period. In the event the Company terminates the Consulting Period for reasons other than your violation of the Post-Employment Obligations, the Option shall immediately vest and be fully exercisable on the effective date of such termination. You are advised by the Company to seek independent legal advice with respect to tax and securities law issues regarding the Option and any sale of Company stock.
Option Vesting and Exercise. Effective as of June 30, 2007, sixteen and two-thirds percent (16.67%) of the Option (45,834 shares) shall be vested and exercisable and forty-five and five-sixths percent (45.83%) of the Option (126,042 shares) shall expire, leaving thirty-seven and one half percent (37.5%) of the Option (103,124 shares) unexpired as of such date (“Unexpired Option”). On the last day of each month thereafter, continuing for the next eighteen (18) months so long as Executive remains employed by the Company, an additional one eighteenth of the Unexpired Option shall vest, subject to Section 9(d).
Option Vesting and Exercise. The Option may be exercised in accordance with the following vesting schedule if Optionee is rendering Service (as defined in the Employment Agreement) on the respective dates indicated below: On or After Shares Subject to Purchase [Date] [Number of Shares] [Date] an additional [Number of Shares] [Date] an additional [Number of Shares] To exercise any portion of the Option that has vested, the Company must receive both written notice of exercise specifying the number of Option Shares to be purchased and payment for the full purchase price of such Option Shares plus the corresponding amount of any taxes the Company is required to withhold in connection with such exercise. The purchase price for such Option Shares and any corresponding tax withholding amounts may be paid in, or in any combination of, cash, cash equivalents or shares of Common Stock that are not subject to any pledge, other security interest or other applicable restriction under the Plan. Such Option Shares will be issued, in whole shares only, by or on behalf of the Company as soon as practicable upon the Company’s or its agent’s receipt of the full purchase price for such Option Shares and all corresponding tax withholding amounts. Except as provided in Section 3 below with respect to Optionee’s Retirement and subject to Section 4 below, Optionee will immediately forfeit all rights, title and interests in and to any portion of the Option that has not vested on the date Optionee’s Service is terminated.
