Time-Based Options. On or before December 31, 2010, time-based options with respect to 5.8581% of Total Equity (13,840,708.1995 Units) shall have been granted by Capital Corp. and Capital Corp. II, respectively. Time-based options to purchase equity units accounting for 5.4550% of Total Equity (12,888,326.6328 Units) will be granted at Closing, with (i) 3.5264% of Total Equity (8,331,732.5137 Units) in grants made to Senior Managers and 1.9286% of Total Equity (4,556,594.1191 Units) in grants made to Key Employees. The remaining 0.4031% (952,381.5666 Units) (0.3317% (783,688.8257 Units) for Senior Managers and 0.0714% (168,692.7409 Units) for Key Employees) will be held back to be granted in connection with future hires, promotions and rebalancing, with the excess, if any, of 0.08062% of Total Equity (190,476.3133 Units) over that percentage of Total Equity with respect to which time-based options were granted in connection with new hires, promotions, and rebalancing to be granted at the end of each of 2006 and 2007 to all persons (“Founders”) who received time-based options at Closing (such excess, the “Unused Time-Based Pool”); provided, that the percentage of Total Equity available for grants of time-based options in connection with new hires, promotions and rebalancing in subsequent years shall be correspondingly reduced. Each Founder’s percentage share of the Unused Time-Based Pool allocated in 2006 or 2007 (subject to such Founder’s employment with SunGard at the time of allocation) shall equal (x) the number of equity units covered by time-based options included in such Founder’s initial option award, divided by (y) the total number of equity units covered by all time-based options included in initial option awards granted on the Closing Date to all Founders (who are employed by SunGard or any of its affiliates at the time of allocation) as a group (excluding the CEO). For purposes of this Section 1.8(b), (i) “Senior Managers” shall mean those Founders who receive time-based options and performance-based options in connection with Closing, and (ii) “Key Employees” shall mean those Founders who receive time-based options, but not performance-based options, in connection with Closing.
Time-Based Options. Options to purchase 150,000 of the Option Shares (the "Time Based Options") shall vest in two equal installments ("Vesting Periods") each of which shall entitle the Employee to purchase 75,000 Option Shares. The Time Based Options shall vest as follows: Number of Vesting Date Option Shares January 31, 1998 75,000 January 31, 1999 75,000
Time-Based Options. The Committee may provide in the Option Grant Agreement that part or all of an Option granted under the XXX Share Plan is a Time-Based Option. For the purposes of this plan, a “Time-Based Option” shall mean an Option which is subject to time-based vesting conditions as set forth in the Option Grant Agreement. Unless the Committee provides otherwise, the vesting of the Time-Based Option may be suspended during any leave of absence.
Time-Based Options. The Committee may provide in the Option Grant Agreement that part or all of an Option granted under the ESO Plan 2016 is a Time-Based Option. For the purposes of this plan, a “Time-Based Option” shall mean an Option which is subject to time-based vesting conditions as set forth in the Option Grant Agreement as may be varied or accelerated by the Committee at its sole discretion. Unless the Committee provides otherwise, the vesting of the Time-Based Option may be suspended during any leave of absence.
Time-Based Options. Except as may otherwise be provided herein, subject to the Participant’s continued employment with the Company or an Affiliate, the Time-Based Options shall become vested and exercisable in equal installments on each of the first three (3) anniversaries of the Effective Date.
Time-Based Options. The time-vesting component of the Signify Stock Options (the “Time-Based Options”) will vest in accordance with the schedule set forth below, subject to the Participant remaining continuous Employment with the Company Group through each applicable vesting date. Upon the occurrence of Change of Control, any portion of the Time-Based Options that are unvested and then outstanding as of such date shall automatically vest in full immediately prior to the consummation of such Change of Control. There shall be no proportionate or partial vesting in the periods prior to each vesting date set forth below and all vesting shall occur only on the applicable vesting date, subject to the Participant’s continued Employment with the Company Group through each applicable vesting date. Time-Based Options Vesting Schedule: 25% on [●] 25% on [●] 25% on [●] 25% on [●]
Time-Based Options. 48,000 of such options will be time-based options and will vest 1,000 options per month on the last day of each month over the four years of the Initial Employment Term.
Time-Based Options. Number of Options Vesting Date
Time-Based Options. 50% of the Options shall vest ratably over the first five (5) anniversaries of the Effective Date (the “Time-Based Options”). In the event the Executive’s employment is terminated by the Company without Cause (as hereinafter defined) or by the Executive with Good Reason (as hereinafter defined), all of the unvested Time-Based Options shall vest. Any vested Options must be exercised within one (1) year following the Termination Date. The acceleration of any unvested Time-Based Options is expressly conditioned upon the release requirements set forth in Section 6.
Time-Based Options. The Time-Based Options shall become vested in 13 installments, as follows: July 12, 2019 25% October 12, 2019 31.25% January 12, 2020 37.50% April 12, 2020 43.75% July 12, 2020 50% October 12, 2020 56.25% January 12, 2021 62.50% April 12, 2021 68.75% July 12, 2021 75% October 12, 2021 81.25% January 12, 2022 87.50% April 12, 2022 93.75% July 12, 2022 100% provided that you remain continuously employed by or continue to provide services to the Company or one of its Subsidiaries from the Date of Grant through the applicable vesting date.
