Time-Based Vesting Schedule Sample Clauses

Time-Based Vesting Schedule. Upon the Grantee’s death or Disability, all of the Grantee’s Options with time-based vesting provisions will become immediately exercisable and will remain exercisable until the earlier of (i) the date three years after the date of the Grantee’s death or Disability; or (ii) the date the Options expire in accordance with their terms.
Sample 1Sample 2See All (4)
AutoNDA by SimpleDocs
Time-Based Vesting Schedule. Unless sooner vested pursuant to the provisions of Sections 3(b), 3(c), or 3(d), below, the Restricted Stock Award shall vest in full on the seventh anniversary of the Effective Date, provided that Executive is continually employed on a full-time basis as contemplated in Section 2 above by the Company from the Effective Date through such date.
Sample 1Sample 2Sample 3
Time-Based Vesting Schedule. Fifty percent (50%) of the Shares subject to the Award that are payable pursuant to the satisfaction of the Performance Goals, shall vest and become payable on December 31, 2006, and fifty percent (50%) of the Shares subject to the Award that are payable pursuant to the satisfaction of the Performance Goals, shall vest and become payable on December 31, 2007.
Sample 1Sample 2
Time-Based Vesting Schedule. Except as otherwise set forth in the Agreement, with respect to each Tranche of RSUs granted under the Agreement (a “Tranche” consists of all RSUs as to which the Vesting Criteria are scheduled to be satisfied on the same Vesting Date), the Tranche will not vest unless the Grantee continues to be a Service Provider until the Vesting Date applicable to such Tranche.
Sample 1
Time-Based Vesting Schedule. Upon the Administrator’s certification of the Performance Goals, twenty-five percent (25%) of the shares subject to the Award that are payable pursuant to the satisfaction of the Performance Goals shall vest and become immediately payable; and the remaining seventy five percent (75%) of the shares subject to the Award that are payable pursuant to the satisfaction of the Performance Goals shall vest and become payable on the one year anniversary of the date of the Administrator’s certification, subject in each case to Section 1.6 below.
Sample 1Sample 2
Time-Based Vesting Schedule. Except as otherwise provided in the Plan, the Agreement or any other agreement between the Company or any of its Subsidiaries and you, the shares of Common Stock subject to the Stock Appreciation Rights on the Grant Date shall vest as follows: one-fourth of the shares of common stock subject to the Stock Appreciation Rights shall vest on each of the three, six, nine, and twelve-month anniversaries of the Grant Date.
Sample 1
Time-Based Vesting Schedule. Restricted stock granted pursuant to subsection (A) immediately above will vest, assuming Executive remains employed by the Company on the relevant dates hereunder:
Sample 1
AutoNDA by SimpleDocs
Time-Based Vesting Schedule. This Option shall vest and become exercisable, subject to satisfaction of the Performance Vesting Conditions specified below, in cumulative one-twelfth (1/12) increments beginning on April 5, 2017 and at the end of each three-month period thereafter. (Time-Based Vesting Schedule” and each such date, a “Time-Based Vesting Date”).
Sample 1
Time-Based Vesting Schedule. These Restricted Stock Units will vest with respect to 500,000 of the Shares in accordance with the following schedule. Subject to Grantee remaining a Service Provider of the Company through each relevant date, the Restricted Stock Units will vest as to 125,000 Shares on the 9-month, 21-month, 33-month and 45-month anniversaries of the Grant Date.
Sample 1

Related to Time-Based Vesting Schedule

  • Time-Based Vesting Fifty Percent (50%) of the Executive Stock shall vest on each date set forth below (each, a "Vesting Date") as to that number of shares of the Executive Stock set forth opposite such Vesting Date: Vesting Date No. of shares of Executive Stock ------------ -------------------------------- On the first anniversary of the Effective 12.5% of the Executive Stock Date After the first anniversary of the Effective An additional 1.0417% of the Executive Stock Date through the fourth anniversary of the on the first day of each calendar month after the Effective Date first anniversary of the Effective Date until 50% of the Executive Stock is vested

  • 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 Schedule Except as provided in Section 4, and subject to Section 5, the Restricted Stock Units awarded by this Award Agreement will vest in accordance with the vesting provisions set forth in the Notice of Grant. Restricted Stock Units scheduled to vest on a certain date or upon the occurrence of a certain condition will not vest in Participant in accordance with any of the provisions of this Award Agreement, unless Participant will have been continuously a Service Provider from the Date of Grant until the date such vesting occurs.

  • Scheduled Vesting If you remain a Service Provider continuously from the Grant Date specified on the cover page of this Agreement, then the Units will vest in the amounts and on the Scheduled Vesting Dates specified in the Vesting Schedule.

  • 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).

  • Vesting Dates The ISOs shall vest as follows, subject to earlier vesting in the event of a termination of Service as provided in Section 6 or a Change in Control as provided in Section 7:

  • Accelerated Vesting (a) Immediately prior to the effective date of the Change in Control, the Unvested Shares subject to this option shall automatically become Vested Shares, and this option shall become exercisable for all of the Option Shares. However, the Unvested Shares shall not vest on such an accelerated basis if and to the extent: (i) this option will be assumed by the successor corporation (or parent thereof) or otherwise continued in effect pursuant to the terms of the Change in Control transaction or (ii) this option is to be replaced with a cash incentive program of the successor corporation which preserves the spread existing on the Unvested Shares at the time of the Change in Control (the excess of the Fair Market Value of those Unvested Shares over the Exercise Price payable for such shares) and provides for subsequent payout of that spread no later than the time Optionee would otherwise vest in the Option Shares as set forth in the Grant Notice. (b) Immediately following the Change in Control, this option shall terminate and cease to be outstanding, except to the extent assumed by the successor corporation (or parent thereof) or otherwise continued in effect pursuant to the terms of the Change in Control transaction. (c) If this option is assumed in connection with a Change in Control or otherwise continued in effect, then this option shall be appropriately adjusted, upon such Change in Control, to apply to the number and class of securities which would have been issuable to Optionee in consummation of such Change in Control had the option been exercised immediately prior to such Change in Control, and appropriate adjustments shall also be made to the Exercise Price, provided the aggregate Exercise Price shall remain the same. To the extent that the holders of Common Stock receive cash consideration for their Common Stock in consummation of the Change in Control, the successor corporation (or its parent) may, in connection with the assumption of this option, substitute one or more shares of its own common stock with a fair market value equivalent to the cash consideration paid per share of Common Stock in such Change in Control. (d) This Agreement shall not in any way affect the right of the Corporation to adjust, reclassify, reorganize or otherwise change its capital or business structure or to merge, consolidate, dissolve, liquidate or sell or transfer all or any part of its business or assets.

  • Time Vesting Subject to Sections 5(b) and 6 below, the RSUs will vest and become nonforfeitable in accordance with and subject to the time vesting schedule set forth on Exhibit A attached hereto, subject to the Participant’s continued status as a Service Provider through each applicable vesting date.

  • Equity Vesting All of the then-unvested shares subject to each of the Executive’s then-outstanding equity awards will immediately vest and, in the case of options and stock appreciation rights, will become exercisable (for avoidance of doubt, no more than 100% of the shares subject to the then-outstanding portion of an equity award may vest and become exercisable under this provision). In the case of equity awards with performance-based vesting, all performance goals and other vesting criteria will be deemed achieved at the greater of actual performance or 100% of target levels. Unless otherwise required under the next following two sentences or, with respect to awards subject to Section 409A of the Code, under Section 5(b) below, any restricted stock units, performance shares, performance units, and/or similar full value awards that vest under this paragraph will be settled on the 61st day following the CIC Qualified Termination. For the avoidance of doubt, if the Executive’s Qualified Termination occurs prior to a Change in Control, then any unvested portion of the Executive’s then-outstanding equity awards will remain outstanding for 3 months or the occurrence of a Change in Control (whichever is earlier) so that any additional benefits due on a CIC Qualified Termination can be provided if a Change in Control occurs within 3 months following the Qualified Termination (provided that in no event will the Executive’s stock options or similar equity awards remain outstanding beyond the equity award’s maximum term to expiration). In such case, if no Change in Control occurs within 3 months following a Qualified Termination, any unvested portion of the Executive’s equity awards automatically will be forfeited permanently on the 3-month anniversary of the Qualified Termination without having vested.

  • Exercisability Schedule No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as defined in Section 2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall be exercisable with respect to the following number of Option Shares on the dates indicated so long as the Optionee remains an employee of the Company or a Subsidiary on such dates: * Max. of $100,000 per yr. Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!