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 Fifth Anniversary Date and ending on the Expiration Date. This Option may not be exercised at any time after the Expiration Date.
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.
Ordinary Vesting. Notwithstanding anything in the Plan to the contrary, the maximum portion of an Option (expressed as a percentage of such Option) that shall be exercisable (vested) in whole or in part shall be a function of the Optionee's years of service on the Board from the date of grant as follows: Years of Service Exercisable Percentage After Grant Date of Option Less than 1 0% 1 33% 2 67% 3 100%
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. 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”). (b)
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 (“Employment”), the MSU Award shall vest and become non-forfeitable on the third 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 date, the “Vesting Date”).
