VESTED SHARES AND UNVESTED SHARES DEFINED. The “Vested Shares” shall mean, on any given date, a number of shares of Stock equal to the Number of Option Shares multiplied by the Vested Ratio determined as of such date and rounded down to the nearest whole share. On such given date, the “Unvested Shares” shall mean the number of shares of Stock acquired upon exercise of the Option which exceed the Vested Shares determined as of such date.
Appears in 7 contracts
Samples: Stock Option Agreement (Auxilio Inc), Stock Option Agreement (Auxilio Inc), Stock Option Agreement (Auxilio Inc)
VESTED SHARES AND UNVESTED SHARES DEFINED. The “"Vested Shares” " shall mean, on any given date, a number of shares of Stock equal to the Number of Option Shares multiplied by the Vested Ratio determined as of such date and rounded down to the nearest whole share. On such given date, the “"Unvested Shares” " shall mean the number of shares of Stock acquired upon exercise of the Option which exceed the Vested Shares determined as of such date.
Appears in 3 contracts
Samples: Option Agreement (Pumatech Inc), Nonstatutory Stock Option Agreement (Immersion Corp), Stock Option Agreement (Cisco Systems Inc)
VESTED SHARES AND UNVESTED SHARES DEFINED. The “"Vested Shares” " ----------------------------------------- shall mean, on any given date, a number of shares of Stock equal to the Number of Option Shares multiplied by the Vested Ratio determined as of such date and rounded down to the nearest whole share. On such given date, the “"Unvested Shares” " shall mean the number of shares of Stock acquired upon exercise of the Option which exceed the Vested Shares determined as of such date.
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (Krause L William), Incentive Stock Option Agreement (Krause L William)
