Common use of Vesting of Hiring Grant On Termination without Cause Clause in Contracts

Vesting of Hiring Grant On Termination without Cause. If Employee’s employment is terminated by Employer without Cause, the option to purchase 26,250 shares of Employer’s common stock granted to Employee by Employer on November 16, 2006 (the “Initial Equity Award”) shall become fully vested as of the effective date of such termination, to the extent not then vested.

Appears in 2 contracts

Samples: Employment Agreement (First Solar, Inc.), Employment Agreement (First Solar, Inc.)

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Vesting of Hiring Grant On Termination without Cause. If Employee’s employment is terminated by Employer without Cause, the option to purchase 26,250 150,000 shares of Employer’s common stock granted to Employee by Employer on November 16March 21, 2006 2007 (the “Initial Equity Award”) shall become fully vested as of the effective date of such termination, to the extent not then vested.

Appears in 1 contract

Samples: Employment Agreement (First Solar, Inc.)

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Vesting of Hiring Grant On Termination without Cause. If Employee’s employment is terminated by Employer without Cause, the option to purchase 26,250 187,501 shares of Employer’s common stock granted to Employee by Employer on November 16, 2006 (the “Initial Equity Award”) shall become fully vested as of the effective date of such termination, to the extent not then vested.

Appears in 1 contract

Samples: Employment Agreement (First Solar, Inc.)

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