Standard Vesting. Subject to the terms and conditions of this Agreement, the PSUs covered by this Agreement shall Vest on December 31, 2026 (the “Vesting Date”) to the extent that (i) the Participant’s Employment continues from the Grant Date through the Vesting Date (the “Vesting Period”) and (ii) the performance goals described in the Statement of Performance Goals for these PSUs (the “Performance Goals”) are achieved, once determined and certified by the Committee in its sole discretion following the end of the final of the following performance periods: the performance period starting on January 1, 2024 and ending on December 31, 2024 (the “12-Month Measurement Period”), the performance period starting on January 1, 2024 and ending on December 31, 2025 (the “24-Month Measurement Period”), and the performance period starting on January 1, 2024 and ending on December 31, 2026 (the “36- Month Measurement Period”, and together with the 12-Month Measurement Period and the 24- Month Measurement Period, the “Measurement Periods”). Any PSUs that do not so Vest will be forfeited, including, except as provided in Section 6(b) below, if the Participant’s Employment terminates prior to the end of the Vesting Period. For purposes of this Agreement, “continuous Employment” (or substantially similar terms) means the absence of any interruption or termination of the Participant’s Employment. Continuous Employment shall not be considered interrupted or terminated in the case of transfers between locations of the Company.
Standard Vesting. On the first anniversary of the Vesting Commencement Date, 25% of the Shares shall be released from the Repurchase Option and become Vested Shares. An additional one forty-eighth (1/48th) of the Shares shall be released from the Repurchase Option and become Vested Shares on the 1st day of each month after the first anniversary of the Vesting Commencement Date until vesting terminates upon the Termination Date or all of the Shares are released from the Repurchase Option. If application of the vesting percentage causes any fractional share, all fractional Shares shall be aggregated and then rounded down to the nearest whole share. Any of the Shares not subject to the Repurchase Option are referred to herein as “Vested Shares.” Any of the Shares which have not yet been released from the Repurchase Option are referred to herein as “Unvested Shares.”
Standard Vesting. The number of shares optioned shall be divided as nearly as possible into three (3) equal installments. The first installment shall accrue and the Option shall be exercisable with respect to the shares included therein on the date which is one year after the grant of the Option. Each succeeding installment shall accrue and the Option shall be exercisable with respect to the shares included therein on each yearly anniversary date thereafter. An option may be exercised when installments accrue and at any time thereafter within the option period set forth in Section 3 above with respect to all or a part of the shares covered by such accrued installments, subject, however, to further provisions of this Section 4.
Standard Vesting. Except as provided in subsection (b) below, (i) if the Committee determines that the Performance Measure specified on Exhibit A has been achieved at least at the threshold level specified on Exhibit A, and Participant remains employed by the Company until the date on which the Committee makes such determination (the “Vesting Date”), then Participant’s Earned Award within the meaning specified on Exhibit A shall become vested and nonforfeitable and subject to settlement and transfer of Shares under Section 4 on the Vesting Date, and Participant shall forfeit all remaining RSUs (if any) in the Target Award other than the Earned Award, and (ii) if the Committee determines on the Vesting Date that the Performance Measure has not been achieved at least at the threshold level, then Participant shall forfeit the entire Award on the Vesting Date and no amount shall be payable under this Agreement.
Standard Vesting. Except as provided in subsection (b) below, if Participant remains employed by the Company, the RSUs and the right to the Shares shall vest with respect to one-third of the number of Shares subject to the Award (rounded up to the nearest whole Share, as necessary) on each of the first and second anniversaries of the Grant Date (each such anniversary a “Vesting Date”) and shall vest as to all remaining Shares on the third anniversary of the Grant Date (the “Final Vesting Date”).
Standard Vesting. The Company shall issue to the Participant, subject to applicable withholding as discussed in Section 7 of this Agreement, one share of common stock par value $.01 per share, of the Company (“Common Stock”) in satisfaction of each vested RSU within 30 days following the date on which an RSU becomes vested pursuant to Section 1 or Section 2, subject, in case of a separation from service (within the meaning of Section 409A), to Section 4.b.
Standard Vesting. Unless vesting of this Option is accelerated pursuant to paragraph 2(b), one hundred percent of the shares will vest on the date which is seven years less one day from the date you were granted this option (February 1, 2000).
Standard Vesting. Subject to the limitations contained herein, 2% of the shares will vest (become exercisable) each month after the date of the grant until either (i) your Continuous Service (as defined in the Plan) terminates for any reason, or (ii) this option becomes fully vested.
Standard Vesting. Prior to the Expiration Date (as hereinafter defined), the Option shall become and be exercisable as follows: 20% of the number of Option Shares shall vest on the first annual anniversary of the Grant Date (the “Initial Vesting Date”), provided that the Participant continues to serve as a Director through such Initial Vesting Date. Thereafter, the Option shall vest with respect to additional Option Shares, at a rate of 20% of the original number of Option Shares, with such additional vesting occurring on each successive annual anniversary of the Initial Vesting Date, provided that the Participant continues to serve as a Director through the applicable additional vesting dates. The Option is not exercisable at any time with respect to unvested shares, and upon Participant ceasing to be a Director no further Option Shares shall become vested.
Standard Vesting. The Warrant will vest at the rate of 33 1/3% ---------------- per year beginning on the first anniversary of the Issue Date. On each of the two successive anniversaries of the Issue Date, an additional 33 1/3% of the Warrant shall vest. The vested portion of the Warrant may be exercised in whole, or from time to time in part, at any time prior to the Expiration Time.
