Common use of Time Vesting Clause in Contracts

Time Vesting. Unless accelerated as otherwise provided in Section 6 of this Award Agreement or pursuant to a provision of the Plan, the Option shall become exercisable as to 150 Option Shares (one-quarter of the Option Shares) on November 30, 2008, 150 Option Shares (another one-quarter of the Option Shares) on November 30, 2009, and 150 Option Shares (another one-quarter of the Option Shares) on November 30, 2010 provided that the Optionee is employed on the relevant vesting dates.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (HUGHES Telematics, Inc.), Non Qualified Stock Option Agreement (HUGHES Telematics, Inc.)

AutoNDA by SimpleDocs

Time Vesting. Unless accelerated as otherwise provided in Section 6 of this Award Agreement or pursuant to a provision of the Plan, the Option shall become exercisable as to 150 200 Option Shares (one-quarter sixth of the Option Shares) on November 30August 1, 20082007, 150 200 Option Shares (another one-quarter sixth of the Option Shares) on November 30August 1, 20092008, and 150 200 Option Shares (another one-quarter sixth of the Option Shares) on November 30August 1, 2010 2009 provided that the Optionee is employed on the relevant vesting dates.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (HUGHES Telematics, Inc.), Non Qualified Stock Option Agreement (HUGHES Telematics, Inc.)

Time Vesting. Unless accelerated as otherwise provided in Section 6 of this Award Agreement or pursuant to a provision of the Plan, the Option shall become exercisable as to 150 250 Option Shares (one-quarter of the Option Shares) on November 30, 2008, 150 250 Option Shares (another one-quarter of the Option Shares) on November 30, 2009, and 150 250 Option Shares (another one-quarter of the Option Shares) on November 30, 2010 provided that the Optionee is employed on the relevant vesting dates.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (HUGHES Telematics, Inc.), Non Qualified Stock Option Agreement (HUGHES Telematics, Inc.)

Time Vesting. Unless accelerated as otherwise provided in Section 6 of this Award Agreement or pursuant to a provision of the Plan, the Option shall become exercisable as to 150 2,000 Option Shares (one-quarter of the Option Shares) on November 30, 2008, 150 2,000 Option Shares (another one-quarter of the Option Shares) on November 30, 2009, and 150 2,000 Option Shares (another one-quarter of the Option Shares) on November 30, 2010 provided that the Optionee is employed on the relevant vesting dates.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (HUGHES Telematics, Inc.)

AutoNDA by SimpleDocs

Time Vesting. Unless accelerated as otherwise provided in Section 6 of this Award Agreement or pursuant to a provision of the Plan, the Option shall become exercisable as to 150 1,500 Option Shares (one-quarter of the Option Shares) on November 30, 2008, 150 1,500 Option Shares (another one-quarter of the Option Shares) on November 30, 2009, and 150 1,500 Option Shares (another one-quarter of the Option Shares) on November 30, 2010 provided that the Optionee is employed on the relevant vesting dates.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (HUGHES Telematics, Inc.)

Time Vesting. Unless accelerated as otherwise provided in Section 6 of this Award Agreement or pursuant to a provision of the Plan, the Option shall become exercisable as to 150 200 Option Shares (one-quarter sixth of the Option Shares) on November 30April 9, 2008, 150 200 Option Shares (another one-quarter sixth of the Option Shares) on November 30April 9, 2009, and 150 200 Option Shares (another one-quarter sixth of the Option Shares) on November 30April 9, 2010 provided that the Optionee is employed on the relevant vesting dates.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (HUGHES Telematics, Inc.)

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