Vesting and Expiration Date. In order for all or part of the Option to become vested, the Grantee must not incur a Termination of Employment from the Grant Date through the applicable Vesting Date listed above. Upon the earlier of the Option Expiration Date and the Grantee’s Termination of Employment for any reason, the Option shall be cancelled and forfeited in full (including with respect to any vested but unexercised rights), except as specifically provided below:
Vesting and Expiration Date. The Expiration Date of this Warrant is as set forth on the first page of this Warrant. The Company may, in its sole discretion, extend the expiration date of this Warrant. If such extension requires additional consideration or additional transactions, then the Company undertakes to offer the same terms to all Holders. The Company may, in its sole discretion, accelerate the vesting date of the Warrant. However, if the Company makes this election, the exercise price will be determined according to the criteria in section 3b evaluated as of the accelerated vesting date and the Holder will have 14 calendar days after the accelerated vesting date to exercise the Warrant or the Warrant will expire.
Vesting and Expiration Date. The acquisition of Option Shares shall be subject to the following vesting schedule: (i) forty percent (40%) of all of the Option Shares initially subject to the Option shall vest and become exercisable at the end of two years after the date of this Agreement and (ii) an additional twenty percent (20%) of all the Option Shares shall vest and become exercisable at the end of each of the next three (3) years thereafter; provided, however, that the Optionee's right to acquire the Option Shares shall in any event fully vest and become exercisable on the date of an IPO or on the date of a Qualified Sale without regard to the preceding clauses (i) and (ii). The Options shall expire ten (10) years from the date of this Agreement; provided, however, that the Closing (as defined in Section 6 hereof) on an Option may take place after the expiration of such ten (10)-year period as long as the Optionee has delivered the Exercise Notice to the Company in accordance with Section 2.5 prior to the expiration of such ten (10)-year period. If Optionee exercises its right to terminate its obligation to provide Unearned Advertising Services under Section 2.2.1.2. above, the Option Shares scheduled to vest as of the end of the year during which the Notice Period expires shall vest and become exercisable pursuant to the vesting schedule set forth in this Section.
Vesting and Expiration Date. The Options granted to the Executive under this Employment Agreement shall vest and become exercisable in the following amounts on the dates set forth in the table below (such date of vesting being the “Vesting Date”) and expire on such date that is fifth (5th) year anniversary of the particular Vesting Date for those Options; provided that the Executive continues to perform his duties under this Agreement on a continuous and uninterrupted basis from the Effective Date through to and including the particular Vesting Date. No Option may be exercised unless such Option has vested. Upon delivery of a written notice of termination pursuant to Section 7.1 of this Agreement, the Options shall terminate as provided for under Section 7.2 of this Agreement. The vesting of all Options shall be cumulative. Aggregate Number of Company Options to Vest Vesting Date 1,000,000 March 23, 2015 500,000 March 23, 2016 500,000 March 23, 2017 500,000 March 23, 2018 500,000 March 23, 2019 3,000,000
Vesting and Expiration Date. The Option Shares shall be fully vested and exercisable as of the grant date which grant date is September 30, 2002; The Options shall expire ten (10) years from the date of September 30, 2002 provided, however, that the Closing (as defined in Section 6 hereof) on an Option may take place after the expiration of such ten (10)-year period as long as the Optionee has delivered the Exercise Notice to the Company in accordance with Section 2.4 prior to the expiration of such ten (10)-year period.
