Vesting of Option if Business Relationship Continues. If the Participant has continued to serve the Company in the capacity of an employee, officer, director, consultant or advisor (such service is described herein as maintaining or being involved in a “Business Relationship” with the Company) on the following dates, subject to Section 3, the Participant may exercise this option for the number of shares of Common Stock set opposite the applicable date: One year but less than two years from the Grant Date – 25% of the Shares Two years but less than three years from the Grant Date – an additional 25% of the Shares Three years but less than four years from the Grant Date – an additional 25% of the Shares Four years from the Grant Date – an additional 25% of the Shares The foregoing rights are cumulative and, while the Participant continues to maintain a Business Relationship with the Company may be exercised on or before the Final Exercise Date. All of the foregoing rights are subject to Section 3, as appropriate, if the Participant ceases to maintain a Business Relationship with the Company or retires, dies, becomes disabled or undergoes dissolution while involved in a Business Relationship with the Company.
Vesting of Option if Business Relationship Continues. The option granted pursuant to this Agreement is fully vested. While the Optionee continues to maintain a Business Relationship with the Company or any Related Corporation, the option granted pursuant to this Agreement may be exercised up to and including the date of November 15, 2014.
Vesting of Option if Business Relationship Continues. All of the Option Shares initially shall be unvested shares. For so long as the Optionee maintains continuous service to the Company or its Subsidiaries or Affiliates as an employee, officer, director or consultant (a “Business Relationship”) throughout the period beginning on the Grant Date and ending on the vesting date set forth below, the Option Shares shall become vested according to the schedule set forth below and the Optionee may exercise this option as to any vested shares, subject to Sections 4 and 5 hereof: One year from the Vesting Start Date (the “Anniversary Date”) 25% of the Option Shares On the last day of each subsequent three-month period following the Anniversary Date 6.25% of the Option Shares Notwithstanding the foregoing, the Committee may, in its discretion, accelerate the date that any installment of this option becomes exercisable; provided that no installment of the option shall vest prior to the Anniversary Date. The foregoing rights are cumulative and (subject to Sections 4 or 5 hereof if the Optionee ceases to have a Business Relationship) may be exercised only before the date (the “Final Exercise Date”) which is five years from the Grant Date.
Vesting of Option if Business Relationship Continues. The Participant may exercise this option on or after the date of this option grant for the number of shares of Common Stock, if any, indicated on the cover page hereof. If the Participant has continued to serve the Company or any Subsidiary in the capacity of an employee, officer, director, advisor or consultant (such service is described herein as maintaining or being involved in a “Business Relationship with the Company”) through the dates listed on the vesting schedule set forth on the cover page hereof, the Participant may exercise this option for the additional number of shares of Common Stock set opposite the applicable vesting date. Notwithstanding the foregoing, the Board may, in its discretion, accelerate the date that any installment of this option becomes exercisable. The foregoing rights are cumulative and (subject to Sections 4 or 5 hereof if the Participant’s Business Relationship with the Company terminates) may be exercised only before the date which is ten years from the date of this option grant.
Vesting of Option if Business Relationship Continues. If the Optionee has continued to serve the Company or any Related Corporation in the capacity of an employee, officer, director or consultant (such service is described herein as maintaining or being involved in a “Business Relationship” with the Company) on the following dates, this option will become exercisable (“vest”) as to 25% of the original number of Option Shares on the first anniversary of the Grant Date and as to an additional 12.5% of the original number of Option Shares at the end of each successive six month period following the first anniversary of the Grant Date until the fourth anniversary of the Grant Date. Notwithstanding the foregoing, in accordance with and subject to the provisions of the Plan, the Committee may, in its discretion, accelerate the date that any installment of this Option becomes exercisable. The foregoing rights are cumulative and (subject to Sections 4 or 5 hereof if the Business Relationship between the Optionee and the Company or any Related Corporation terminates) may be exercised up to and including the date that is seven years from the date this option is granted.
Vesting of Option if Business Relationship Continues. If ---------------------------------------------------- the Optionee has continued to serve the Company or any Related Corporation in the capacity of an employee, officer, director or consultant (such service is described herein as maintaining or being involved in a "Business Relationship with the Company") on the following dates, the Optionee may exercise this option for the number of shares of Common Stock set opposite the applicable date: Less than one year from the date hereof - 0 shares One year but less than two years from the - 20% of the Option Shares date hereof Two years but less than three years from - an additional 20% of the the date hereof Option Shares Three years but less than four years from - an additional 20% of the the date hereof Option Shares Four years but less than five years from - an additional 20% of the the date hereof Option Shares Five years or more from the date hereof - an additional 20% of the Option Shares Notwithstanding the foregoing, in accordance with and subject to the provisions of the Plan, the Committee may, in its discretion, accelerate the date that any installment of this Option becomes exercisable. The foregoing rights are cumulative and (subject to Sections 4 or 5 hereof if the Employee ceases to be employed by the Company and all Related Corporations) may be exercised up to and including the date which is ten years from the date this option is granted.
Vesting of Option if Business Relationship Continues. If the Non-Employee Director Optionee has continued to serve the Company or any Related Corporation in the capacity of director (such service is described herein as maintaining or being involved in a “Business Relationship” with the Company) on the following dates, this option will become exercisable (“vest”) as to 50% of the original number of Option Shares on the first anniversary of the Grant Date and as to an additional 50% of the original number of Option Shares on the second anniversary of the Grant Date. Notwithstanding the foregoing, in accordance with and subject to the provisions of the Plan, the Committee may, in its discretion, accelerate the date that any installment of this Option becomes exercisable, and this Option shall become immediately exercisable and fully vested upon the consummation of a Reorganization Event as defined in the Plan. The foregoing rights are cumulative and (subject to Sections 4 or 5 hereof if the Business Relationship between the Non-Employee Director Optionee and the Company or any Related Corporation terminates) may be exercised up to and including the date that is five years from the date this option is granted.
Vesting of Option if Business Relationship Continues. If the Employee has continued to serve the Company or any parent or subsidiary of the Company (a “Related Corporation”) in the capacity of an employee, officer, director or consultant (such service is described herein as maintaining or being involved in a “Business Relationship” with the Company or any Related Corporation) on any of the following dates, the Shares granted to the Employee shall vest as indicated below: [On [date], [ ] of the Shares shall vest.] [May have multiple vesting dates and portions of Shares subject to vesting] [If [goal] is achieved by [date], then upon the Committee’s determination in accordance with Section 2(b) below, [ ] of the Shares shall vest.] [May have multiple goals and dates and portions of Shares subject to vesting] [On [date] (the “Cliff Vesting Date”), the shares that have not already vested pursuant to this Section 2(a) shall vest.
(i) The Shares shall vest prior to the Cliff Vesting Date as follows: • If [goal] is achieved by [date], then upon the Committee’s determination in accordance with Section 2(b) below, [ ] of the Shares shall vest.] [May have multiple goals and dates and portions of Shares subject to vesting] Notwithstanding the foregoing, all Shares shall vest, if not otherwise vested, on the anniversary of the Grant Date, subject to the terms and conditions of this Agreement. [In addition, on the occurrence and consummation of an “Acquisition” of the Company prior to the anniversary of the Grant Date, as such term, “Acquisition”, is defined and used in the Plan, Shares shall vest, if not otherwise vested, subject to the terms and conditions of this Agreement.]
(b) Following the date the Employee ceases to maintain a Business Relationship with the Company or any Related Corporation, no unvested Shares shall become vested Shares with respect to the Employee, unless otherwise approved by the Board or its Committee. Any determination under this Agreement as to employment status or other matters referred to above shall be made in good faith by the Board or its Committee, whose decision shall be binding on all parties. In such event, all unvested Shares shall be automatically and immediately forfeited by the Employee to the Company and the Common Stock represented by the unvested Shares shall again be available for the grant of awards under the Plan. The Employee hereby appoints the Company as the attorney-in-fact of the Employee to take such actions as may be necessary or appropriate to effectuate a transfer o...
Vesting of Option if Business Relationship Continues. The Optionee may exercise this option on or after the date of this option grant for the number of shares of Common Stock, if any, indicated on the cover page hereof. If the Optionee has continuously engaged in a business relationship with the Company through the dates listed on the vesting schedule set forth on the cover page hereof, the Optionee may exercise this option for the additional number of shares of Common Stock set opposite the applicable vesting date. Notwithstanding the foregoing, the Board may, in its discretion, accelerate the date that any installment of this option becomes exercisable. The foregoing rights are cumulative and (subject to Sections 4 or 5 hereof if the Optionee ceases to be employed by the Company) may be exercised only before the date which is seven years from the date of this option grant.
Vesting of Option if Business Relationship Continues. The Participant may exercise this option on or after the Grant Date for the number of vested shares of Common Stock, if any, indicated on the cover page hereof. If the Participant has continuously maintained a business relationship with the Company from the Grant Date through the dates listed on the vesting schedule set forth on the cover page hereof, the Participant may exercise this option for the additional number of shares of Common Stock in accordance with such vesting schedule. Notwithstanding the foregoing, the Board may, in its discretion, accelerate the date that any installment of this option becomes exercisable. The foregoing rights are cumulative and (subject to Sections 4 or 5 hereof if the Participant ceases to maintain a business relationship with the Company) may be exercised only before the date which is [10] years from the Grant Date. For purposes hereof, “business relationship” means service in the capacity of an employee, officer or director of, or consultant or advisor to, the Company or any Subsidiary.
