Performance Vesting Options Sample Clauses

Performance Vesting Options a. An additional 12.5% of the Stock Options shall provisionally vest on each of December 31, 2008, December 31, 2009, December 31, 2010 and December 31, 2011 (aggregating the remaining 50% of the Stock Options (the “Performance Stock Options”)) if, in addition to the criteria described below, on such dates Executive is employed by the Company and in good standing. The number of provisionally vested Performance Stock Options in respect to a calendar year that shall vest conclusively shall be determined by multiplying the number of such provisionally vested Performance Stock Options by a fraction, the numerator of which fraction shall equal the excess over 90 of the Trued-Up Performance Score for the Target Year inclusive of the date on which such Performance Stock Options provisionally vested (capped at ten for this purpose) and the denominator of which fraction shall equal ten.
Sample 1Sample 2See All (4)
AutoNDA by SimpleDocs
Performance Vesting Options. Fifty percent (50%) of New Options will vest on achievement of the following financial milestones by the Company:
Sample 1Sample 2
Performance Vesting Options. An additional forty and nine-tenths percent (40.9%) of the Options shall vest (less any such Options that have already vested pursuant to this clause) if and when the Investors (as defined below) have received a Cumulative Total Return as set forth below (the “Cumulative Total Return Goals”) between five (5) and six (6) times the amount invested by the Investors collectively during the applicable period over which Cumulative Total Return is measured (the “Performance Period”), subject to the Executive’s continued employment as of the date, if any, that such Cumulative Total Return is reached and to Section 4 below. The remaining eighteen and two-tenths percent (18.2%) of the Options granted to the Executive hereunder shall vest (less any such Options that have already vested pursuant to this clause) if and when the Investors have received a Cumulative Total Return between eight (8) and nine (9) times the amount invested by the Investors collectively during the Performance Period, subject to the Executive’s continued employment as of the date, if any, that such Cumulative Total Return is reached and to Section 4 below (together with the Options described in the immediately preceding sentence, the “Performance-Vesting Options”). Any Performance-Vesting Options that remain outstanding but not yet vested as of the eighth (8th) anniversary of the Effective Date shall be forfeited upon such anniversary. If the Cumulative Total Return is between five (5) and six (6) times or eight (8) and nine (9) times the amount invested by the Investors, respectively, the number of Performance-Vesting Options which shall vest shall be interpolated and rounded to the nearest whole number of Performance-Vesting Options.
Sample 1
Performance Vesting Options. If the Performance-Vesting Option are not vested as of the date of termination, they shall remain outstanding until the one hundred eightieth (180th) day following the date of termination, and if still unvested as of such day, shall be forfeited.
Sample 1
Performance Vesting Options. At the Effective Time, the level at which the vesting conditions of the Performance Vesting Options have been satisfied with respect to each Performance Vesting Option that is outstanding immediately prior to the Effective Time shall be determined in good faith by the Board of Directors or any appropriate committee thereof based on the Company’s achievement of the applicable performance goals as of the Closing Date (which achievement shall in no event be determined to be greater than the target level of performance), and each Performance Vesting Option that so vests shall become a Vested Company Option, entitled to the Vested Option Consideration pursuant to Section 2.8(a) hereof. For the avoidance of doubt, any Performance Vesting Option that does not become a Vested Company Option pursuant to this Section 2.8(c) shall be canceled and terminated as of the Effective Time, and no payment shall be made with respect thereto.
Sample 1
Performance Vesting Options. 1. One-third of the Options granted hereunder shall be Tier II Performance- Vesting Options.
Sample 1
Performance Vesting Options. (i) Performance-Vesting Options shall be eligible to vest upon any Measurement Date, subject to the Participant’s not having undergone a Termination prior to such Measurement Date, based on the achievement of the following performance hurdles (the “Performance Hurdles”):
Sample 1
AutoNDA by SimpleDocs
Performance Vesting Options. On or before the Effective --------------------------- Date, SPC shall cause each of the holders (the "Performance Optionholders") of ------------------------- outstanding options to purchase shares of SPC Common Stock other than Outstanding SPC Time Options (the "Outstanding SPC Performance Options") who has ----------------------------------- not exercised his or her Outstanding SPC Performance Options prior to the Effective Date, to execute an option cancellation agreement (the "Option ------ Cancellation Agreement") in the form of Exhibit D hereto, to cancel such ---------------------- --------- Performance Optionholders' rights under his or her Outstanding SPC Performance Option in consideration of his or her right to receive that number of shares of DPRC Common Stock (collectively, the "Performance Option Shares") having ------------------------- a value as of the relevant valuation date equal to the fair market value of his or her Outstanding SPC Performance Option.
Sample 1
Performance Vesting Options 
Sample 1Sample 2Sample 3See All (10)

Related to Performance Vesting Options

  • 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 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-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.

  • Vesting of Equity Awards Notwithstanding the provisions of any plan or agreement governing such an Award (as defined in Section 4(c)), all Awards granted to you that remain outstanding and unvested immediately prior to the occurrence of a Change in Control (as defined in Section 4(d)(i)) automatically shall vest in full upon the occurrence of the Change in Control.

  • 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 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!