Time Vesting Option Clause Samples
A Time Vesting Option clause establishes that certain rights or benefits, typically related to equity or stock options, become available to an individual only after they have fulfilled a specified period of service or met certain time-based milestones. For example, an employee may earn the right to exercise a portion of their stock options each year over a four-year period, rather than receiving all options immediately. This clause incentivizes long-term commitment and retention by ensuring that benefits are earned gradually, thereby protecting the interests of the granting party and aligning incentives over time.
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Time Vesting Option. Except as provided below, twenty percent (20%) of the shares underlying the Time Vesting Option shall vest and become exercisable on each of the first five anniversaries of April 23, 2010, provided that Participant is still employed by the Company on each such anniversary.
Time Vesting Option. As of the Date of Grant, the Time Vesting Option shall become vested and exercisable with respect to 20% of the Shares subject thereto. On each of the first five anniversaries of the Date of Grant, provided the Optionee is then in the employ of the Company or a Subsidiary, the Time Vesting Option shall become vested and exercisable with respect to an additional 16% of the Shares subject thereto.
Time Vesting Option. To the extent of 100,000 shares of Stock (the “Time Vesting Option”), subject to the accelerated vesting provisions of Section 6, the Option will vest as follows:
(a) With respect to 25,000 Shares, the Option will vest on the first anniversary of the Date of Grant;
(b) With respect to an additional 25,000 Shares, the Option will vest on the second anniversary of the Date of Grant; and
(c) With respect to an additional 25,000 shares, the Option will vest on the third anniversary of the Date of Grant.
(d) With respect to the final 25,000 shares, the Option will vest on the fourth anniversary of the Date of Grant. Notwithstanding the above, no portion of the Option will vest on or after the Termination Date, except as provided in Section 6 below.
Time Vesting Option. (A) Except as provided in Section 4(a)(i)(B) hereof, subject to the Optionee’s continued employment with the Company, on each applicable vesting date, 25% of the Time-Vesting Option shall vest and become exercisable on the first anniversary of the Date of Grant, and an additional 6.25% of such Time-Vesting Option shall vest on each January 14, April 14, July 14 and October 14 thereafter, commencing with January 14, 2011, so that the Time-Vesting Option shall become fully vested on the fourth anniversary of the Date of Grant.
(B) In the event of a Change in Control, the Time-Vesting Option shall vest and become fully exercisable immediately prior to the Change in Control; provided that the Optionee is employed by the Company immediately prior to the occurrence of such Change in Control.
Time Vesting Option. 60% of the aggregate number of Shares subject to the Option (the “Time-Vesting Option”) shall vest and become exercisable in equal annual installments upon each of the first four anniversaries of November 21, 2017; provided, however, that in the event of a Change in Control, any then outstanding portion of the Time-Vesting Option shall become fully vested and exercisable.
Time Vesting Option. Subject to Sections 3.1(e) and (f) and 3.3, [__]% of the Option (the “Time-Vesting Option”) shall become exercisable in [___] equal and cumulative installments on each of the first five anniversaries of the Grant Date provided that the Optionee remains continuously employed or engaged in active service by the Company or any of its Subsidiaries (and no Termination of Services occurs) from the Grant Date through such date (a “Time-Vesting Date”) as follows: [_________]
Time Vesting Option. Subject to Section 3.1(c), 50% of the Option (the “Time Vesting Option”) shall vest in four equal and cumulative installments on each of the first four anniversaries of the first calendar day of the month in which the Grant Date occurs; provided that the Optionee remains continuously employed or engaged in active service by the Company or any of its Subsidiaries (and no Termination of Services occurs) from the Grant Date through the applicable vesting date.