Unvested and Vested Shares. Shares that are vested pursuant to the schedule set forth in this Section 3.2 are “Vested Shares.” Shares that are not vested pursuant to the schedule set forth in this Section 3.2 are “Unvested Shares.” Unvested Shares may not be sold or otherwise transferred by Participant without the Company’s prior written consent. On the Effective Date all of the Shares will be Unvested Shares.
Unvested and Vested Shares. Shares that are not Vested Shares (as defined in this Section) are "Unvested Shares". On the Effective Date, twenty percent (20%) of the Shares will be Vested Shares. If Purchaser has been continuously employed by the Company at all times from the Effective Date until July 13, 1999 (the "FIRST VESTING DATE"), then on the First Vesting Date, an additional twenty (20%) of the Shares will become Vested Shares; and thereafter, for so long (and only for so long) as Purchaser remains continuously employed by the Company at all times after the First Vesting Date, an additional 1.667% of the Shares will become Vested Shares upon the expiration of each full calendar month elapsed after the First Vesting Date. No Shares will become Vested Shares after the Termination Date.
Unvested and Vested Shares. Shares of Parent’s common stock (that are a Principal’ part of the Closing Merger Consideration) that are vested pursuant to the schedule set forth herein are "Vested Shares". Shares of Parent’s common stock (that are a Principals’ part of the Closing Merger Consideration) that are not vested pursuant to the schedule set forth herein are "Unvested Shares". Unvested Shares may not be sold or otherwise transferred by a Principal without the Parent's prior written consent. On the Effective Date all of the Closing Merger Consideration held by the Principals will be Unvested Shares. If a Principal has continuously been Engaged or Employed by the Parent or any subsidiary or parent entity of the Parent, at all times from the Effective Date until June 22, 2005 (the "First Vesting Date"), then on the First Vesting Date 1/24th of the such Principals’ Merger Consideration will become Vested Shares; and thereafter, for so long (and only for so long) as such Principal remains Engaged or Employed by the Parent or any subsidiary or parent of the Parent, at all times after the First Vesting Date, an additional 1/24th of such Principals’ Merger Consideration will become Vested Shares upon the expiration of each full month elapsed after the First Vesting Date. No Shares will become Vested Shares after the Termination Date. If the application of the vesting percentage results in a fractional share, such share shall be rounded up to the nearest whole share for each month except for the last month in such vesting period, at the end of which last month the balance of Unvested Shares shall become fully Vested Shares.
Unvested and Vested Shares. (a) Shares that are released from the Company's Repurchase Option pursuant to this Section 5.1 are "
Unvested and Vested Shares. Shares that are subject to Netergy's Repurchase Option are referred to as "UNVESTED SHARES" and Shares that are no longer subject to Netergy's Repurchase Option are deemed "VESTED SHARES." On the Effective Date, 100% of the Shares will be Unvested Shares. Thereafter, for so long (and only for so long) as Employee remains continuously employed by UForce at all times, the Unvested Shares will become Vested Shares as set forth in the schedule provided in Exhibit A. No Unvested Shares will become Vested Shares after the Termination Date.
Unvested and Vested Shares. Shares that are vested pursuant to -------------------------- the schedule set forth herein are "Vested Shares". Shares that are not vested pursuant to the schedule herein are "Unvested Shares". Unvested Shares may not be sold or otherwise transferred by Purchaser without the Company's prior written consent. On the Effective Date all of the Shares will be Unvested Shares. For so long (and only for so long) as Purchaser remains continuously employed by the Company at all times after December 21, 1999 (the "Grant Date"), an additional 2.083% of the Shares will become Vested Shares upon each one month anniversary of the Grant Date; provided, however, (i) Purchaser will immediately receive 18 months of vesting upon death or an Involuntary Termination (as defined in Appendix A hereto) and (ii) all unvested Shares shall vest upon an Involuntary ---------- Termination within 12 months of a Corporate Transaction (as defined in Appendix -------- A hereto). If the application of the vesting percentage results in a fractional -------- share, such share shall be rounded up to the nearest whole share for each month except for the last month in such vesting period, at the end of which last month the balance of the Unvested Shares shall become fully Vested Shares.
Unvested and Vested Shares. Shares that are not Vested Shares (as -------------------------- defined in this Section) are "Unvested Shares". On the Effective Date all of --------------- the Shares will be Unvested Shares. For so long (and only for so long) as Purchaser remains continuously employed by the Company at all times after the Effective Date, one forty-eighth (1/48) of the Shares (rounded to the nearest whole share) will become Vested Shares upon the expiration of each full month elapsed after the Effective Date. No Shares will become Vested Shares after the Termination Date.
Unvested and Vested Shares. Shares that are not Unvested Shares (as defined in this Section) are "Vested Shares". On the Effective Date 50% of the Shares will be Unvested Shares. Thereafter, for so long (and only for so long) as Executive remains continuously employed by 8x8 at all times an additional 1/24th of the Unvested Shares will become Vested Shares upon the expiration of each full month elapsed after the Effective Date. No Unvested Shares will become Vested Shares after the Termination Date
Unvested and Vested Shares. Shares that are not Vested Shares (as defined in this Section) are "UNVESTED SHARES." On the Effective Date all of the Shares will be Unvested Shares. If Purchaser has been continuously employed by the Company at all times from the Effective Date until January 1, 1997 (the "FIRST VESTING DATE"), then on the First Vesting Date twenty-five percent (25%) of the Shares will become Vested Shares; and thereafter, for so long (and only for so long) as Purchaser remains continuously employed by the Company: (i) on February 1, 1997, and on the first day of each successive calendar month thereafter, an additional one forty-eighth (1/48) of the Shares will become Vested Shares; and (ii) on January 1, 2000 all of the Shares will be Vested Shares. Subject to Sections 5(c) and (d) below, no Shares will become Vested Shares after the Termination Date.
Unvested and Vested Shares. Shares that are vested pursuant to the schedule set forth herein are “Vested Shares.” Shares that are not vested pursuant to the schedule set forth herein are “Unvested Shares.” Unvested Shares may not be sold or otherwise transferred by Holder without the Company’s prior written consent. As of the Issue Date, all of the Shares shall initially be Unvested Shares; thereafter, for so long (and only for so long) as Holder continues to provide services to the Company, 3,619 Unvested Shares (as adjusted to reflect any stock dividend, stock split, reverse stock split or recapitalization of the common stock of the Company occurring after the Issue Date) will become Vested Shares upon the expiration of each full month elapsed after July 31, 2009. No Shares will become Vested Shares after the Termination Date. If the application of the vesting percentage results in a fractional share, such share shall be rounded down to the nearest whole share for each month except for the last month in such vesting period, at the end of which last month the balance of Unvested Shares shall become fully Vested Shares.
