Common use of Time Vesting Options Clause in Contracts

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. 12.5% of the Stock Options shall vest on each of December 31, 2008, December 31, 2009, 2008 December 31, 2010, December 31, 2011, and December 31, 2011 2012 (aggregating 50% of the Stock Options) if Executive is employed by the Company and in good standing as of such respective dates. 4. Section a of Paragraph C entitled Performance Vesting Options of the Amended and Restated Agreement is replaced by the following new paragraph:

Time Vesting Options. 12.5% of the Stock Options shall vest on each of December 31, 2007, December 31, 2008, December 31, 2009, December 31, 2010, and December 31, 2011 2010 (aggregating 50% of the Stock Options) if Executive CEO is employed by the Company and in good standing as of such respective dates.