Release Dates. Section 20.01 If an employee accepts an offer of employment from a Federal or other employer, he/she shall promptly inform his/her immediate supervisor.
Release Dates. The Shares subject to the Repurchase Option shall be released from the Repurchase Option in accordance with the vesting schedule set forth in Section 3(a) of the Option Agreement to the extent and as of the dates provided therein. Shares subject to the Repurchase Option are referred to herein as "Unvested Shares," and Shares which have been released from the Repurchase Option are referred to herein as "Vested Shares."
Release Dates. Based upon Employee attaining mutually agreed upon written annual goals, the Restricted Shares shall be released from the restrictions on transfer and risk of forfeiture Five Thousand (5,000) Shares per Year for Five (5) years beginning February 12, 2008 and each anniversary thereof. Accordingly, as each of the Release Dates set forth below, that number Shares set forth in the column “Number of Restricted Shares (Cumulative) Released” shall reflect the total number of Shares vested at such time: Release Date Number of Restricted Shares (Cumulative) Released February 12, 2008 5,000 Shares (1/5th) February 12, 2009 10,000 Shares (2/5ths) February 12, 2010 15,000 Shares (3/5ths) February 12, 2011 20,000 Shares (4/5ths) February 12, 2012 25,000 Shares (5/5ths)
Release Dates. One-third of the Shares (or 666,667) shall be released from the Repurchase Option upon execution of this Agreement. Thereafter, an additional one-third of the Shares (or 666,667) shares shall be released from the Repurchase Option on the last day of the first anniversary of Purchaser's employment with the Company. Thereafter, the remaining one-third of the Shares (or 666,666 shares) shall be released from the Repurchase Option at the end of the next successive twelve (12) month period. Notwithstanding the foregoing, the Shares shall immediately be released from the Repurchase Option upon the occurrence of certain events as described in Section 2(b) of the Option Agreement. Shares subject to the Repurchase Option are referred to herein as "Unvested Shares," and Shares which have been released from the Repurchase Option are referred to herein as "Vested Shares."
Release Dates. The restriction on transferability or disposition of the Restricted Shares and the release of certificates representing the Restricted Shares shall occur as to one-third (1/3) of the total Number referred to in Item 2 on each of the first, second and third anniversaries of the Date of Grant, subject to adjustment, acceleration or early termination in accordance with the terms of the Restricted Share Agreement and the Plan.
Release Dates. As between Licensee and RGI, RGI shall determine all release dates related to the Localized Game, including without limitation (i) the release date of the Alpha, Closed Beta, Open Beta and length of the testing periods for all of the foregoing; (ii) the Commercial Release Date; and (iii) any dates related to any updates or upgrades to the Localized Game, if any. RGI shall consult with Licensee regarding determining an exact Commercial Release Date, provided, however that RGI shall ultimately determine the Commercial Release Date of the Game throughout the Territory in its sole discretion.
Release Dates. (i) The Escrow Agent shall release the WCA Escrow Fund in accordance with the terms of Section 4. (ii) On December 15, 1997, the Escrow Agent shall release and deliver to the Seller from the Indemnification Escrow Fund an amount equal to 50% of the originally Escrowed Securities and/or the proceeds of any liquidation thereof and any income earned thereon, less an amount (if any) thereof with respect to which the Buyer has asserted one or more Claims in accordance with this Agreement (whether such Claims have been theretofore paid out of the Indemnification Escrow Fund or are pending), together with any income earned on such amount of the Indemnification Escrow Fund. For this purpose, the Seller shall designate in accordance with Section 5(c), whether any pending Claims should be satisfied with cash or stock. (iii) On April 26, 1998, the Escrow Agent shall release all of the remaining Indemnification Escrow Fund from escrow and deliver it to the Seller, provided, that the Escrow Agent shall retain and continue to hold in escrow such portion, if any, of the Indemnification Escrow Fund with respect to which the Buyer has asserted one or more Claims in accordance with this Agreement, which Claims have not been paid in full or withdrawn in writing by the Buyer. At such time as such Claims are resolved in accordance with the terms hereof, the amount of any Allowed Claims not previously paid to the Buyer and the balance of the Indemnification Fund shall be paid to the Seller. For this purpose, the Seller shall designate in accordance with Section 5(c), whether any pending Claims should be satisfied with cash or stock.
Release Dates. As between Licensee and HBS, HBS shall determine all release dates related to the Localized Game, including without limitation (i) the release date of the Alpha, Closed Beta, Open Beta and length of the testing periods for all of the foregoing; (ii) the Commercial Release Date; and (iii) any dates related to (a) any updates or upgrades to the Localized Game and/or (b) Expansions, if any.
Release Dates. Subject to Section 6 of this Agreement, (i) one-third of the Escrow Shares (the “First Shares”) shall be released to the Indemnifying Stockholders on the date which is six months after the Closing Date (the “Initial Release Date”), (ii) an additional one-third of the Escrow Shares (the “Second Shares”) shall be released to the Indemnifying Stockholders on the date which is twelve months after the Closing Date (the “Second Release Date”) and (iii) the remaining one-third of the Escrow Shares (the “Final Shares”) shall be released to the Indemnifying Stockholders on the date which is eighteen months after the Closing Date (the “Final Release Date” and, collectively with the First Release Date and the Second Release Date, the “Release Dates” and each singly a “Release Date”).
Release Dates. Earn Out Shares shall be released to the Vendors in 2 tranches no later than 31 December 1999 and 31 December 2000 respectively (Release Dates).
