Vesting and Exercise of Options. (1) Subject to Section (E) of this Award Agreement, Options do not provide the Participant with any rights or interests therein until they vest and become exercisable in accordance with the following:
Vesting and Exercise of Options. The option to be granted pursuant to paragraph 9(a) shall vest as follows: 25% of the shares of Common Stock underlying such option will vest on the date of grant, and the remaining 75% of the shares of Common Stock underlying the option will vest in equal annual on the first, second and third anniversaries of the date of grant.
Vesting and Exercise of Options. Except as otherwise provided hereunder, the Option shall vest and be exercisable from time to time in accordance with the following schedule (purchases may be cumulative); provided, that as of each such date the Participant is still employed by or providing services to the Corporation or a Subsidiary: The Option shall not be exercisable until the completion of an initial public offering by the Corporation of its equity securities pursuant to an effective registration statement filed under the Act (as defined below) that occurs on or before December 31, 2010 (the “Vesting Event”). After the Vesting Event, the Option shall vest with respect to 1/16th of the shares subject to the Option when the Participant completes three months of continuous service as an employee, director or consultant of the Corporation or a Subsidiary following January 1, 2010. The Option shall vest with respect to an additional 1/16th of the shares subject to the Option when the Participant completes each three month period of continuous service as an employee, director or consultant of the Corporation or a Subsidiary thereafter. The Option may vest on an accelerated basis under Section 4(e) of this Agreement. In the event that the Vesting Event does not occur on or prior to December 31, 2010, then the Option shall expire in full on January 1, 2011.
Vesting and Exercise of Options. Except as otherwise provided hereunder, the Option shall vest and be exercisable from time to time in accordance with the following schedule (purchases may be cumulative); provided, that as of each such date the Participant is still employed by or providing services to the Corporation or a Subsidiary: On or after 2010-03-30 the right to purchase up to 25% of the shares subject to the Option may be exercised; and On a quarterly basis thereafter (e.g., on the first day following the last day of each consecutive three-month period thereafter) the right to purchase up to an additional 6.25% of the shares subject to the Option may be exercised, as follows: Date Number of Shares March 30th 2010 25,00 % June 30th 2010 6,25 % September 30th 2010 6,25 % December 30th 2010 6,25 % March 30th 2011 6,25 % June 30th 2011 6,25 % September 30th 2011 6,25 % December 30th 2011 6,25 % March 30th 2012 6,25 % June 30th 2012 6,25 % September 30th 2012 6,25 % December 30th 2012 6,25 % March 30th 2013 6,25 %
Vesting and Exercise of Options. Each Option shall vest and become exercisable in one or more installments at such time or times and subject to such conditions, including without limitation the achievement of specified performance goals or objectives, as shall be determined by the Administrator. An Option granted to an employee who is not an officer, a director or Consultant of the Company must vest at a rate of at least 20% per year over a period of five years from the date of grant, subject to reasonable conditions such as continued employment. Notwithstanding the foregoing, to the extent required by applicable law, each Option shall provide that the Optionee shall have the right to exercise the vested portion of any Option held at termination for at least 30 days following termination for any reason other than "Cause" as defined in any Option Agreement, and that the Optionee shall have the right to exercise the Option for at least six months if such termination was due to the death or Disability of the Optionee.
Vesting and Exercise of Options. The Options shall vest (subject to acceleration and termination under the provisions hereof) in three installments as follows: options as to 58,333 shares shall vest on each of December 31, 2001 and December 31, 2002 and Options for 58,334 shares shall vest on December 31, 2003.
Vesting and Exercise of Options. The Options granted in paragraph 2 above shall vest and become exercisable in accordance with the following terms and procedures:
Vesting and Exercise of Options. Except as otherwise provided hereunder, the Option shall vest and be exercisable from time to time in accordance with the following schedule (purchases may be cumulative); provided, that as of each such date the Participant is still employed by the Corporation or a Subsidiary: On or after October 1, 2008 the right to purchase up to 25% of the shares subject to the Option may be exercised; and On a quarterly basis thereafter (e.g., on the first day following the last day of each consecutive three-month period thereafter) the right to purchase up to an additional 6.25% of the shares subject to the Option may be exercised, as follows: Date Number of Shares October 1, 2008 193,101 January 1, 2009 48,275 April 1, 2009 48,275 July 1, 2009 48,275 October 1, 2009 48,275 January 1, 2010 48,275 April 1, 2010 48,275 Date Number of Shares July 1, 2010 48,275 October 1, 2010 48,275 January 1, 2011 48,276 April 1, 2011 48,276 July 1, 2011 48,276 October 1, 2011 48,276 772,406
Vesting and Exercise of Options. Each Option shall vest and become exercisable in one or more installments at such time or times and subject to such conditions, including without limitation the achievement of specified performance goals or objectives, as shall be determined by the Administrator.
Vesting and Exercise of Options. Except as may be required under Article X of the Plan, the Options shall vest and be exercisable from time to time in accordance with the following schedule (purchases may be cumulative): [ Vesting schedule pursuant to terms of award ]
