Term of this Exhibit Sample Clauses

Term of this Exhibit. Severance shall be available for employees terminated within 180 days of Closing, after which time Zhone’s standard employee benefit package shall govern severance (if any) available to former CAG employees. Options to be Granted to Purchase 1,500,000 Shares of Zhone Common Stock Name Amount Xxxx Xxxxxxxx 1,385,670 Xxxxxx X. Xxxxxxx 43,305 Xxxxxxx Xxxxxx 18,885 Xxxxx Xxxxxx 5,190 Xxxxxxxx Xxxxxxxxx 14,550 Xxxx Xxxx 6,495 Xxxxx Xxxxx 330 Xxxxxx Xxxxxx 435 Xxxxx Xxxxxxx 2,595 Xxxxxxx Xxxxxxxx 14,550 Xxxxxxxx Xxxxxxx 1,725 Xxxx Xxxxxxx 1,080 Xxxx Xi-Xxxx Xx 645 Xxxxxxxx Xxxxxxxx 1,950 Xxx Xxxxx 2,595 TOTAL 1,500,000 Zhone will issue options to purchase 1,500,000 shares of Zhone Common Stock to the Stockholders/Employees of CAG. The options shall with certain exceptions be subject to continued employment by Zhone, vest over a four-year period, with 25% vesting on the first anniversary of the closing of the transaction and 1/36th of the balance at the end of each one-month period following thereafter. Such options shall provide for immediate vesting upon termination where the termination was by Zhone without cause within one year of the date of grant, or for such other events as are contained in agreements between Zhone and the Optionee. Options issued to any affiliates of Xxxx Xxxxxxxx shall vest based upon the continued employment of Xxxx Xxxxxxxx. Such options shall be immediately exercisable with the shares of Zhone Common Stock issuable on such exercise subject to repurchase by Zhone at the original purchase price and such repurchase rights shall lapse in accordance with the option vesting schedule. Options to be Granted to Purchase 615,000 Shares of Zhone Common Stock Name Amount Xxxxxxx Xxxxxx 75,000 Xxxxx Xxxxxx 40,000 Xxx Xxxxx 30,000 Xxxx Xxxxxxxx 120,000 Xxxxxxxx Xxxxxxxxx 45,000 Xxxx Xxxx 40,000 Xxxxx Xxxxx 12,000 Xxxxxx Xxxxxx 12,000 Xxxxx Xxxxxxx 12,000 Xxxxxxx Xxxxxxxx 50,000 Xxxxxxxx Xxxxxxx 20,000 Xxxx Xxxxxxx 12,000 Xxxx Xi-Xxxx Xx 15,000 Xxxxxxxx Xxxxxxxx 12,000 Horvin Xxxxxxxxx 15,000 Xxxxx Xxxxx 25,000 Xxx Xxxxxxxxxx 75,000 Soco Xxxxxx 5,000 TOTAL 615,000 At the Closing, Zhone will issue options to purchase 615,000 shares of Zhone Common Stock to CAG employees who have become employees of Zhone. These options will be subject to 4 year vesting and shall be subject to such other terms as are provided under Zhone’s stock option plan, including immediate exercisability with a lapsing repurchase right. Exhibit K Form of Confidentiality Agreement...
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Term of this Exhibit. Severance shall be available for employees -------------------- terminated within 180 days of Closing, after which time Zhone's standard employee benefit package shall govern severance (if any) available to former OptaPhone employees. Exhibit E FORM OF VOTING AGREEMENT Exhibit F
Term of this Exhibit. Severance shall be available for employees -------------------- terminated within 180 days of Closing, after which time Zhone's standard employee benefit package shall govern severance (if any) available to former CAG employees. Options to be Granted to Purchase 1,500,000 Shares of Zhone Common Stock -------------------------------------------------------------------------------- Name Amount ==== ====== -------------------------------------------------------------------------------- Xxxx Xxxxxxxx 1,385,670 -------------------------------------------------------------------------------- Xxxxxx X. Xxxxxxx 43,305 -------------------------------------------------------------------------------- Xxxxxxx Xxxxxx 18,885 -------------------------------------------------------------------------------- Xxxxx Xxxxxx 5,190 -------------------------------------------------------------------------------- Xxxxxxxx Xxxxxxxxx 14,550 -------------------------------------------------------------------------------- Xxxx Xxxx 6,495 -------------------------------------------------------------------------------- Xxxxx Xxxxx 330 -------------------------------------------------------------------------------- Xxxxxx Xxxxxx 435 -------------------------------------------------------------------------------- Xxxxx Xxxxxxx 2,595 -------------------------------------------------------------------------------- Xxxxxxx Xxxxxxxx 14,550 -------------------------------------------------------------------------------- Xxxxxxxx Xxxxxxx 1,725 -------------------------------------------------------------------------------- Xxxx Xxxxxxx 1,080 -------------------------------------------------------------------------------- Xxxx Xi-Xxxx Xx 645 -------------------------------------------------------------------------------- Xxxxxxxx Xxxxxxxx 1,950 -------------------------------------------------------------------------------- Xxx Xxxxx 2,595 -------------------------------------------------------------------------------- TOTAL 1,500,000 -------------------------------------------------------------------------------- Zhone will issue options to purchase 1,500,000 shares of Zhone Common Stock to the Stockholders/Employees of CAG. The options shall with certain exceptions be subject to continued employment by Zhone, vest over a four-year period, with 25% vesting on the first anniversary of the closing of the transaction and 1/36th of the balance at the end of each one-month period following thereafte...
Term of this Exhibit. This Exhibit D shall not be sufficient as an agreement unto itself, but rather is governed by the term of Xxxxxx'x Employment Agreement, as amended.

Related to Term of this Exhibit

  • Term of this Agreement The term of this Agreement shall continue in effect, unless earlier terminated by either party hereto as provided hereunder, for a period of two years. Thereafter, unless otherwise terminated as provided herein, this Agreement shall be renewed automatically for successive one-year periods. This Agreement may be terminated without penalty: (i) by provision of sixty (60) days' written notice; (ii) by mutual agreement of the parties; or (iii) for "cause" (as defined herein) upon the provision of thirty (30) days' advance written notice by the party alleging cause.

  • Terms of this Agreement The Parties acknowledge that this Agreement and all of the respective terms of this Agreement shall be treated as Confidential Information of both Parties.

  • Duration of this Agreement The Term of this Agreement shall be as specified in Schedule A hereto.

  • Effective Period of this Agreement This Agreement shall take effect upon its execution and shall remain in full force and effect for an initial term of two (2) years from the date of its execution (unless terminated as set forth in Section 11), and shall continue in effect from year to year thereafter, subject to annual approval of such continuance by the Board of Trustees of the Trust, including the approval of a majority of the Trustees of the Trust who are not interested persons of the Trust or of Distributor by vote cast in person at a meeting called for the purpose of voting on such approval.

  • Effectiveness and Term of this Agreement 12.1 This Agreement shall come into effect upon the satisfaction of all of the following conditions:

  • of this Lease The Options herein granted to Lessee are not assignable separate and apart from this Lease.

  • Effective Date of this Agreement This Agreement shall become effective (the "Effective Date") upon the date of your acceptance hereof, as set forth below.

  • Construction of this Agreement No failure of Landlord to exercise any power given Landlord hereunder, or to insist upon strict compliance by Tenant of his obligations hereunder, and no custom or practice of the parties at variance with the terms hereof shall constitute a waiver of Landlord’s right to demand exact compliance with the terms hereof. Time is of the essence of this Lease.

  • Continuing Nature of this Agreement This Agreement, including the subordination provisions hereof, will be reinstated if at any time any payment or distribution in respect of any of the Parity Lien Obligations is rescinded or must otherwise be returned in an Insolvency or Liquidation Proceeding or otherwise by any holder of Parity Lien Obligations or Parity Lien Representative or any representative of any such party (whether by demand, settlement, litigation or otherwise). In the event that all or any part of a payment or distribution made with respect to the Parity Lien Obligations is recovered from any holder of Parity Lien Obligations or any Parity Lien Representative in an Insolvency or Liquidation Proceeding or otherwise, such payment or distribution received by any holder of Junior Lien Obligations or Junior Lien Representative with respect to the Junior Lien Obligations from the proceeds of any Collateral at any time after the date of the payment or distribution that is so recovered, whether pursuant to a right of subrogation or otherwise, that Junior Lien Representative or that holder of a Junior Lien Obligation, as the case may be, will forthwith deliver the same to the Collateral Trustee, for the account of the holders of the Parity Lien Obligations and other Obligations secured by a Permitted Prior Lien, to be applied in accordance with Section 3.4. Until so delivered, such proceeds will be held by that Junior Lien Representative or that holder of a Junior Lien Obligation, as the case may be, for the benefit of the holders of the Parity Lien Obligations and other Obligations secured by a Permitted Prior Lien.

  • Scope of this Agreement This Agreement shall apply both to the option and to the Option Shares acquired upon the exercise of the option.

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