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.
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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.
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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.
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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.
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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.
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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: [_________]
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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.
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Related to Time Vesting Option

  • Time Vesting The restrictions shall lapse with respect to the Shares of Restricted Stock covered by this Award, in the installments set forth in the Award Agreement, provided that G▇▇▇▇▇▇’s service as a Director of the Company and its Subsidiaries continues through the specified dates.

  • Performance Vesting Within sixty (60) days following the completion of the Performance Period, the Plan Administrator shall determine the applicable number of Performance Shares in accordance with the provisions of the Award Notice and Schedule I attached thereto.

  • 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).

  • 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

  • Option Vesting Options shall vest as follows: (a) 100% of the Options shall vest on the 1st anniversary of the Grant Date; (b) In the event of any change in control, merger or consolidation between the Company and any other entity (other than one in which the stockholders of the Company prior to such transaction receive, in exchange for their Company shares, stock of the surviving corporation and such stock constitutes more than 50% of the outstanding stock of the surviving corporation following such transaction), or any sale by the Company of all or substantially all of its assets, all Options then held by the Director that have not theretofore vested shall vest five days prior to the earlier of (i) the record date, if any, for such transaction and (ii) the closing date of such transaction, both subject to Section 4(a).