Time Vesting Options. 12.5% of the Stock Options shall vest on each of December 31, 2008, December 31, 2009, December 31, 2010, and December 31, 2011 (aggregating 50% of the Stock Options) if Executive is employed by the Company and in good standing as of such respective dates.
Time Vesting Options. Except as provided in Section 2(d) and Section 2(f) hereof, subject to the Optionee’s continued employment with the Company or one of its Subsidiaries, as applicable, on each applicable vesting date, and the Time Vesting Options shall vest and become exercisable in accordance with the schedule set forth on Exhibit A hereto.
Time Vesting Options. On February 1st of each calendar year during the term of this Agreement or the first day thereafter that the Company is permitted to make option grants to executives of the Company (each, a “Grant Date”), Executive shall receive a grant of stock options (“Time Vested Options”) to purchase Common Shares (“Shares”) of iAnthus Capital Holdings, Inc. (“Holdings”) pursuant to the iAnthus Capital Holdings, Inc. Amended and Restated Omnibus Incentive Plan (the “Plan”) with a value (the “Option Value”) equal to Eight Hundred Thousand Dollars ($800,000.00) per annum minus the value of the current year Base Salary, which shall be incentive stock options to the maximum extent permitted. The exercise price of the Time Vested Option shall by equal to the Fair Market Value (as defined in the Plan), shall expire ten years after the Grant Date and shall vest in 12 equal quarterly installments commencing on the last day of the calendar quarter following the Grant Date and otherwise pursuant to the terms and conditions of Holdings’ form of Award Agreement (as defined in the plan). Executive acknowledges that the options to purchase 170,368 Common Shares on August 6th, 2019 reflect the Time Vested Option grants for calendar year 2019.” The Executive acknowledges that the Company may satisfy the obligation of Time Vested Options by a grant of stock options or restricted stock units.”
Time Vesting Options. On February 1st of each calendar year during the term of this Agreement or the first day thereafter that the Company is permitted to make option grants to executives of the Company (each, a “Grant Date”), Executive shall receive a grant of stock options (“Time Vested Options”) to purchase Common Shares (“Shares”) of iAnthus Capital Holdings, Inc. (“Holdings”) pursuant to the iAnthus Capital Holdings, Inc. Amended and Restated Omnibus Incentive Plan (the “Plan”) with a value (the “Option Value”) equal to five hundred and fifty thousand Dollars and No Cents ($550,000.00) per annum, which shall be incentive stock options to the maximum extent permitted. The exercise price of the Time Vested Option shall by equal to the Fair Market Value (as defined in the Plan), shall expire ten years after the Grant Date and shall vest in 12 equal quarterly installments commencing on the last day of the calendar quarter following the Grant Date and otherwise pursuant to the terms and conditions of Holdings’ form of Award Agreement (as defined in the Plan). Executive acknowledges that the options to purchase 170,368 Common Shares on August 6th, 2019 reflect the Time Vested Option grants for calendar year 2019.
Time Vesting Options. The Company shall grant to Executive options to purchase all or any portion of 200,000 shares of the common stock of the Company, which shall vest in three (3) equal annual installments on each anniversary of the date of grant, subject to such other terms and conditions set forth herein and in the Time-Vesting Option Agreement.
Time Vesting Options. Fifty percent (50%) of New Options will vest at the rate of 1/3 per year over a three (3) year period. Vesting will occur 1/3 on July 28, 2006 and the balance will vest in quarterly installments over the following two (2) year period.
Time Vesting Options. 25% of the Time Vesting Options shall become Vested Options on December 31, 2001, an additional 25% shall become vested on each of the three anniversaries of December 31, 2001 if the Executive is employed by the Company on each of such dates.
Time Vesting Options. Forty and nine-tenths percent (40.9%) of the Options (the “Time-Vesting Options”) shall vest over sixty (60) months in equal monthly installments commencing on the last day of the first full calendar month following the Effective Date, subject to the Executive’s continued employment on the date of vesting and to Section 4 below. Subject to the Executive’s continued employment, notwithstanding the foregoing, if “private equity investors” own less than 40% of the aggregate equity interests, measured by vote and value, of the Company (“Private Equity Dilution”), then the Time-Vesting Options will become fully vested on the date that is twelve months after the transaction which causes the Private Equity Dilution. For purposes of this Section 2.1(d)(A), “private equity investors” shall mean the Investors (as defined below) and any other similar entities or divisions of entities which are similar type private equity investors including, without limitation, entities which provide venture capital or long-term share capital in exchange for an ownership interest in another entity.
Time Vesting Options. Any unvested Time-Vesting Options shall be forfeited as of the date of termination; provided, that if the termination without Cause occurs within the six (6) month period after a Change of Control (as defined in Section 4.8 below), all unvested Time-Vesting Options shall vest as of the date of termination.
Time Vesting Options. Twenty-One Thousand Two-Hundred Fifty (21,000) shares shall become exercisable monthly in arrears during each calendar year of service in the Executive Positions for the next four (4) years (1,008,000 shares in the aggregate). Anything thing in this Agreement to the contrary notwithstanding, the vesting of the Retention Options as set forth in this Section 3(d)(ii) shall not supersede nor replace the 50,000 time vesting options granted to the Executive pursuant to the 2014 Employment Agreement that are scheduled to vest on December 31, 2017. Except as set forth herein all other unvested options granted pursuant to the 2014 Employment Agreement are forfeited by the Executive and will no longer be subject to vesting.
