Common use of Vest Date Clause in Contracts

Vest Date. On or after that date, subject to your continued employment by Disney or an affiliated company (as described further below) and to the other provisions of the Plan, you may exercise the Option with respect to the number of shares set forth opposite the first date below. As the subsequent dates set forth below occur, you may exercise as to the number of shares set forth opposite those dates: Vest Date 1 Exercise Qty 1 Shares Vest Date 2 Exercise Qty 2 Shares Vest Date 3 Exercise Qty 3 Shares Vest Date 4 Exercise Qty 4 Shares Provided your employment continues, the term of this Option is seven years from the grant date and, therefore, expires on Expiration Date. If your employment should cease prior to the date on which your grant expires, your right to vest and exercise under the Option will be subject to early termination as provided in Section 4 of the Rules relating to Stock Options under the Plan. Except under certain circumstances specified in Section 4, you will generally have the right of continued vesting for three months following the date of termination of your employment, and during that three-month period you will have the right to exercise the shares covered by the Option that were vested on the date of termination, and any shares that vest during the three-month period will then be exercisable for the remainder of that period. If you are employed pursuant to an employment agreement with Disney, any provisions thereof relating to the effect of a termination of your employment upon your rights under this Option shall supercede the provisions hereof relating to the same subject matter, but in no event shall the restriction on sale of shares acquired upon the exercise of the Option referred to below apply after any termination of your employment with Disney. You may exercise this Option as to all or part of the number of shares covered by the Option which are then vested by paying the aggregate exercise price and applicable withholding taxes on the gross gain. You will be provided with additional information at the time of exercise about the methods available for exercising your Option and paying your withholding taxes, in accordance with the methods of exercising options permitted under Section 2 and Section 5 of the Rules relating to Stock Options under the Plan. You are urged to seek advice from your tax accountant or attorney when making decisions regarding the exercise of this Option. This Option may not be transferred or assigned.

Vest Date. On or after that date, subject to your continued employment by Disney or an affiliated company (as described further below) and to the other provisions of the Plan, you may exercise the Option with respect to the number of shares set forth opposite the first date below. As the subsequent dates set forth below occur, you may exercise as to the number of shares set forth opposite those dates: Vest Date 1 Exercise Qty 1 Shares Vest Date 2 Exercise Qty 2 Shares Vest Date 3 Exercise Qty 3 Shares Vest Date 4 Exercise Qty 4 Shares Provided your employment continues, the term of this Option is seven ten years from the grant date and, therefore, expires on Expiration Date[insert tenth anniversary date of grant date]. If your employment should cease prior to the date on which your grant expires, your right to vest and exercise under the Option will be subject to early termination as provided in Section 4 Sections 6.5, 12 and 13.2 of the Rules relating to Stock Options under the Plan. Except under certain circumstances specified in Section 4such Sections, you will generally have the right of continued vesting and exercisability for three months following the date of termination of your employment, employment (such period as it may hereinafter be extended in certain circumstances as provided below being the “Extended Vesting and during that three-month period you will have the right to exercise the shares covered by the Option that were vested on the date of terminationExercisability Period”), and any shares that vest during the three-month period Extended Vesting and Exercisability Period will then be exercisable during such period (or, under certain circumstances, for such longer period as may be provided by the remainder of that period. If you are employed pursuant to an employment agreement with Disney, any provisions thereof relating to the effect of a termination of your employment upon your rights under this Option shall supercede the provisions hereof relating to the same subject matter, but in no event shall the restriction on sale of shares acquired upon the exercise of the Option referred to below apply after any termination of your employment with DisneyPlan). You may exercise this Option as to all or part of the number of shares covered by the Option which are then vested by paying the aggregate exercise price and applicable withholding taxes on the gross gain. You will be provided with additional information at the time of exercise about the methods available for exercising your Option and paying your withholding taxes, in accordance with the methods of exercising options permitted under Section 2 and Section 5 6.6 of the Rules relating to Stock Options under the Plan. You are urged to seek advice from your tax accountant or attorney when making decisions regarding the exercise of this Option. This Option may not be transferred or assigned.

Vest Date. On or after that date, subject to your continued employment by Disney or an affiliated company (as described further below) and to the other provisions of the Plan, you may exercise the Option with respect to the number of shares set forth opposite the first date below. As the subsequent dates set forth below occur, you may exercise as to the number of shares set forth opposite those dates: Vest Date 1 1; Exercise Qty 1 Shares Vest Date 2 2; Exercise Qty 2 Shares Vest Date 3 3; Exercise Qty 3 Shares Vest Date 4 Exercise Qty 4 Shares Shares1 Provided your employment continues, the term of this Option is seven ten years from the grant date and, therefore, expires on Expiration Date[insert tenth anniversary of grant date]. If your employment should cease 1 With respect to Xxxxxx Xxxx, notwithstanding the foregoing vesting schedule, in the event that Xx. Xxxx is actively employed with Disney or an Affiliate thereof on December 31, 2026, the total number of shares set forth opposite the third vesting date shall become fully vested and exercisable on and after December 31, 2026. prior to the date on which your grant expires, your right to vest and exercise under the Option will be subject to early termination as provided in Section 4 Sections 6.5, 12 and 13.2 of the Rules relating to Stock Options under the Plan. Except under certain circumstances specified in Section 4such Sections, you will generally have the right of continued vesting and exercisability for three months following the date of termination of your employment, employment (such period as it may hereinafter be extended in certain circumstances as provided below being the “Extended Vesting and during that three-month period you will have the right to exercise the shares covered by the Option that were vested on the date of terminationExercisability Period”), and any shares that vest during the three-month period Extended Vesting and Exercisability Period will then be exercisable during such period (or, under certain circumstances, for such longer period as may be provided by the remainder of that period. If you are employed pursuant to an employment agreement with Disney, any provisions thereof relating to the effect of a termination of your employment upon your rights under this Option shall supercede the provisions hereof relating to the same subject matter, but in no event shall the restriction on sale of shares acquired upon the exercise of the Option referred to below apply after any termination of your employment with DisneyPlan). You may exercise this Option as to all or part of the number of shares covered by the Option which are then vested by paying the aggregate exercise price and applicable withholding taxes on the gross gain. You will be provided with additional information at the time of exercise about the methods available for exercising your Option and paying your withholding taxes, in accordance with the methods of exercising options permitted under Section 2 and Section 5 6.6 of the Rules relating to Stock Options under the Plan. You are urged to seek advice from your tax accountant or attorney when making decisions regarding the exercise of this Option. This Option may not be transferred or assigned.