Ordinary Vesting. Except as provided in Section 3(b), Option Shares shall vest at the rate of Twenty-five percent (25%) per annum each of the first four anniversary dates of the Grant Date provided that the Optionee remains continuously employed by the Stratus Group through each applicable anniversary date.
Ordinary Vesting. The parties agree that the Shares shall vest on August 1, 2007 so long as the Purchaser is continuously employed by the Company or a subsidiary of the Company, subject to the provisions of Section 3(b) below.
Ordinary Vesting. The parties agree that the Shares shall vest in accordance with Schedule I so long as the Purchaser is a member of the Board, subject to the provisions of Section 3(b) below.
Ordinary Vesting. Except as otherwise provided in this Agreement, this Option may be exercised as to any and all Option Shares at any time during the period commencing with the Eighth Anniversary Date and ending on the Expiration Date. This Option may not be exercised at any time after the Expiration Date.
Ordinary Vesting. Except as otherwise provided herein, the Restricted Share Units will vest and no longer be subject to any restrictions in accordance with the Vesting Schedule set forth in the Grant Report, in such vesting amounts and on such vesting dates as specified therein (each date on which Restricted Share Units vest, a “Vesting Date”), provided that the Recipient is an employee of the Company on each such Vesting Date (the period during which restrictions apply prior to each Vesting Date, the “Restricted Period”).
Ordinary Vesting. The Performance Shares are subject to forfeiture until they vest. Except as otherwise provided herein, the Performance Shares will vest and become nonforfeitable on the date the Committee certifies the achievement of the Management Objectives in accordance with Section 3 (the “Vesting Date”). The number of Performance Shares that vest and become payable under this Agreement shall be determined by the Committee based on the level of achievement of the Management Objectives set forth in Exhibit 1 and shall be rounded to the nearest whole Performance Share.
Ordinary Vesting. Except as otherwise provided in Sections 1.04 and 1.05 below, 1/48 of each Founder's Restricted Shares shall vest on the last day of each calendar month commencing after August 28, 1995 with respect to Messrs. Martin, McLendon, Watsxx xxx Hill, and, in connection with the person who may, pursuant to Section 3.7 hereof, be treated as a Founder for purposes of this Agreement, on the date such person purchases the shares of Common Stock which are to be subject hereto.
Ordinary Vesting. Subject to the Participant’s continued Employment with the Company, the Option shall vest and become exercisable with respect to thirty three and one-third percent (33.3%) of the Shares initially covered by the Option on each of the first three dates, if any (each such date, a “Vesting Date”), to occur upon which the average closing trading price of a Share over a period of 10 consecutive trading days equals or exceeds each of (i) 115%, (ii) 130%, and (iii) 145% of the Fair Market Value of a Share on the Date of Grant, respectively ((i), (ii), and (iii), collectively, the “Vesting Hurdles”) during the three-year period beginning on the first anniversary, and ending on the fourth anniversary of the “Commencement Date” (as defined in the employment agreement by and among the Participant, AmeriTeam Services, LLC and the Company, dated as of September 2, 2016, as may be amended from time to time (the “Employment Agreement”)) (such three-year period, the “Performance Period”). Any portion of the Option that has not vested on or prior to the final day of the Performance Period shall be forfeited for no consideration.
Ordinary Vesting. The parties agree that 25% of the Shares shall vest as Initial Time Shares, 25% of the Shares shall vest on December 31, 1999, 25% of the Shares shall vest on December 31, 2000 and 25% of the Shares shall vest on December 31, 2001; provided that in the event of a Closing, from and after the date thereof, the Shares shall vest in accordance with Schedule I so long as the Purchaser is continuously employed by the Company or a subsidiary of the Company, subject to the provisions of Section 3(b) below; provided, further that the Company agrees and acknowledges that, from and after the date hereof, ___% [FN2] of the Initial Time Shares shall be Vested Shares for purposes of this Agreement.
Ordinary Vesting. The parties agree that the Shares shall vest in accordance with Schedule I so long as the Purchaser is continuously employed by the Company or a subsidiary of the Company, subject to the provisions of Section 3(b) below; provided, further that the Company agrees and acknowledges that, from and after the date hereof, 100% of the Initial Time Shares shall be Vested Shares for purposes of this Agreement.
