Common use of Vesting and Exercise of Options Clause in Contracts

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 %

Appears in 1 contract

Samples: Non Qualified Stock Option Award Agreement (Qlik Technologies Inc)

AutoNDA by SimpleDocs

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 March 30th, 2010 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 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 %

Appears in 1 contract

Samples: Agreement (Qlik Technologies Inc)

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 20102009-0312-30 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 December 30th 2009 25,00 % March 30th 2010 25,00 6,25 % 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 %

Appears in 1 contract

Samples: Omnibus Stock Option and Award Plan Non Qualified Stock Option Award Agreement (Qlik Technologies Inc)

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 20102009-03-30 the right to purchase up to 2512.5% of the shares subject to the Option may be exercised; and On a quarterly basis thereafter (e.g.thereafter, 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 2009 96,938 June 30th 2009 48,469 September 30th 2009 48,469 December 30th 2009 48,469 March 30th 2010 25,00 % 48,469 June 30th 2010 6,25 % 48,469 Date Number of Shares September 30th 2010 6,25 % 48,469 December 30th 2010 6,25 % 48,469 March 30th 2011 6,25 % 48,469 June 30th 2011 6,25 % 48,469 September 30th 2011 6,25 % 48,469 December 30th 2011 6,25 % 48,468 March 30th 2012 6,25 % 48,468 June 30th 2012 6,25 % 48,468 September 30th 2012 6,25 % December 30th 2012 6,25 % March 30th 2013 6,25 %48,468 Total 775,500

Appears in 1 contract

Samples: Non Qualified Stock Option Award Agreement (Qlik Technologies Inc)

AutoNDA by SimpleDocs

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 20102008-0312-30 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 December 30th 2008 25,00 % March 30th 2009 6,25 % June 30th 2009 6,25 % September 30th 2009 6,25 % December 30th 2009 6,25 % March 30th 2010 25,00 6,25 % 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 %

Appears in 1 contract

Samples: Non Qualified Stock Option Award Agreement (Qlik Technologies Inc)

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 dates set forth below, the right to purchase up to 25% the following number 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: September 30th 2007 25,00 % of the shares subject to the Option may be exercised, as follows: Date Number of Shares December 30th 2007 6,25 % March 30th 2008 6,25 % June 30th 2008 6,25 % September 30th 2008 6,25 % December 30th 2008 6,25 % March 30th 2009 6,25 % June 30th 2009 6,25 % September 30th 2009 6,25 % December 30th 2009 6,25 % March 30th 2010 25,00 6,25 % 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 %

Appears in 1 contract

Samples: Non Qualified Stock Option Award Agreement (Qlik Technologies Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.