Performance Vesting Option Sample Clauses

Performance Vesting Option. Except as provided below, twenty percent (20%) of the shares underlying the Performance Vesting Option shall vest and become exercisable on each of the first five anniversaries of the Grant Date (each, an “Eligible Vesting Date”) if, on the last day of the Company’s most recent fiscal quarter ending on or prior to such Eligible Vesting Date, the value of a share of the Company’s Common Stock has increased by at least twelve percent (12%) (the “Vesting Hurdle”) over the value of a share of the Company’s Common Stock at the beginning of such twelve-month period, provided the Participant is still employed by the Company on each such Eligible Vesting Date. The value of the Common Stock and whether the Vesting Hurdle has been achieved shall be determined by the Board of Directors of the Company (the “Board”) acting reasonably and in good faith, without discount for minority interest or lack of liquidity, and by taking into account any external valuation of the Company or its Common Stock.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
Performance Vesting Option. (A) Subject to the Optionee’s continued employment with the Company on each applicable vesting date:
Sample 1Sample 2
Performance Vesting Option. Subject to Sections 3.1(e) and (f) and 3.3, 60% of the Option (the “Performance-Vesting Option”) shall be eligible to become exercisable provided that the Optionee remains continuously employed or engaged in active service by the Company or any of its Subsidiaries (and no Termination of Services occurs) from the Grant Date through the applicable MOIC Measurement Date, Ares Sale, IPO Vesting Date or VWAP Measurement Date, as follows:]
Sample 1
Performance Vesting Option. The remaining 40% of the aggregate number of Shares subject to the Option (the “Performance-Vesting Option”) shall vest and become exercisable in accordance with the following schedule:
Sample 1
Performance Vesting Option. Subject to Section 3.1(c), 50% of the Option (the “Performance Vesting Option”) shall vest as provided below; provided that the Optionee remains continuously employed or engaged in active service by the Company from the Grant Date through the Membership Dues Revenue Determination Date, as follows:
Sample 1

Related to Performance Vesting Option

  • Performance Vesting Within sixty (60) days following the completion of the Performance Period, the Plan Administrator shall determine the applicable number of Performance Shares in accordance with the provisions of the Award Notice and Schedule I attached thereto.

  • Time Vesting Subject to Sections 5(b) and 6 below, the RSUs will vest and become nonforfeitable in accordance with and subject to the vesting schedule set forth on Exhibit A attached hereto, subject to the Participant’s continued status as a Service Provider on the applicable vesting date.

  • Performance Options “Performance Option(s)” shall mean the portion of the Option designated as Performance Options in the Grant Notice.

  • Service Vesting Except as otherwise provided in this Section 3, the Restricted Shares will be forfeited as to the unvested portion of the Award if the Participant does not remain continuously in the employment of the Company through the specified lapsing dates set forth in Section 2 above.

  • Accelerated Vesting of Equity Awards One hundred percent (100%) of Executive’s then-outstanding and unvested Equity Awards will become vested in full. If, however, an outstanding Equity Award is to vest and/or the amount of the award to vest is to be determined based on the achievement of performance criteria, then the Equity Award will vest as to one hundred percent (100%) of the amount of the Equity Award assuming the performance criteria had been achieved at target levels for the relevant performance period(s).

  • Performance Option If the Company, on a consolidated basis, achieves its annual EBITDA targets as set forth in Schedule A attached hereto (each an “EBITDA Target” or “Annual Performance Target”) for the applicable given Fiscal Year, then the Performance Option shall be eligible to become vested and exercisable as to a percentage of the Shares subject to such Option at the end of each of the six Fiscal Years as follows:

  • Stock Option Vesting The provisions of this Section 2.2(d) shall apply to any equity based awards under the Omnibus Plan, the defined terms of which are incorporated in this Section 2.2(d) by reference.

  • Performance-Based Vesting At the end of each Measurement Year, on the Measurement Date, the percentage of Shares set forth above shall be eligible to vest (the "Eligible Shares"). On each Measurement Date, 50% of the Eligible Shares shall become Vested Shares if at least 90% of the Target EBITDA amount was met for the prior Measurement Year. If more than 90% of the Target EBITDA amount was met for the prior Measurement Year, then the Eligible Shares shall become Vested Shares on a straight line basis such that an additional 5% of Eligible Shares shall become Vested Shares for each 1% that actual Consolidated Adjusted EBITDA exceeds 90% of the Target EBITDA amount.

  • Performance Stock Units The Company may grant to Executive performance stock units (“PSUs”) pursuant to the Incentive Plan. All PSUs are subject to and conditioned on approval of the grant and its terms by the Board. All granted PSUs shall vest as provided in the applicable PSU grant notice and grant agreement (“PSU Agreement”). All PSUs shall be subject to the terms and conditions of the Incentive Plan and a PSU Agreement in a form prescribed by the Company, which Executive must sign as a condition to receiving the PSUs.

  • Performance Share Units The Committee may, in its discretion, grant to Executive performance share units subject to performance vesting conditions (collectively, the “Performance Units”), which shall be subject to restrictions on their sale as set forth in the Plan and an associated Performance Unit Grant Letter.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!