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Common use of Vesting of Option Clause in Contracts

Vesting of Option. The Option shall vest and become exercisable in accordance with the schedule below: - 33 1 3% of the Option grant shall become exercisable on May 12, 2001; - an additional 33 1/3% of the Option grant shall become exercisable on May 12, 2002; and - the final 33 1/3% of the Option grant shall become exercisable on May 12, 2003.

Appears in 8 contracts

Samples: Non Qualified Stock Option Agreement (On Semiconductor Corp), Non Qualified Stock Option Agreement (On Semiconductor Corp), Non Qualified Stock Option Agreement (On Semiconductor Corp)

Vesting of Option. The Option shall vest and become exercisable in accordance with the schedule below: - 33 1 3: 25% of the Option grant shall become exercisable on May 12February 21, 20012002; - an additional 33 1/325% of the Option grant shall become exercisable on May 12February 21, 20022003; and - the final 33 1/325% of the Option grant shall become exercisable on May 12February 21, 20032004; 25% of the Option grant shall become exercisable on February 21, 2005.

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (On Semiconductor Corp), Non Qualified Stock Option Agreement (On Semiconductor Corp), Non Qualified Stock Option Agreement (On Semiconductor Corp)

Vesting of Option. The Option shall vest and become exercisable in accordance with the schedule below: : - 33 1 3% One-Half of the Option grant shall become exercisable on May 12February 28, 20012002; and - an additional 33 1/3% On-Half of the Option grant shall become exercisable on May 12, 2002; and - the final 33 1/3% of the Option grant shall become exercisable on May 12February 28, 2003.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (On Semiconductor Corp), Non Qualified Stock Option Agreement (On Semiconductor Corp)

Vesting of Option. The Option shall vest and become exercisable in accordance with the schedule below: - 33 1 3% of the Option grant shall become exercisable on May 12July 19, 2001; - an additional 33 1/3% of the Option grant shall become exercisable on May 12July 19, 2002; and - the final 33 1/3% of the Option grant shall become exercisable on May 12July 19, 2003.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (On Semiconductor Corp)

Vesting of Option. The Option shall vest and become exercisable in accordance with the schedule below: - 33 1 3% of the Option grant shall become exercisable on May 12February 16, 20012002; - an additional 33 1/3% of the Option grant shall become exercisable on May 12February 16, 20022003; and - the final 33 1/3% of the Option grant shall become exercisable on May 12February 16, 20032004.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (On Semiconductor Corp)