Vesting of Stock. The Parties agree that for purposes of determining the number of shares of the Company's common stock which Employee is entitled to purchase from the Company, Employee's vesting shall cease as of the date of this Agreement. The exercise of any stock options shall continue to be subject to the terms and conditions of the Company's Stock Option Plan and the applicable Stock Option Agreement between Employee and the Company.
Vesting of Stock. There will be no further vesting of any shares of any class of stock of the Company that you hold as of the termination.
Vesting of Stock. As of Employee's Termination Date, all unvested stock options are cancelled, and Employee shall cease vesting under the Company's Stock Option Plan and any Stock Option Agreement between Employee and Company. The exercise of any stock options shall continue to be subject to the terms and conditions of the Company's Stock Option Plan and the applicable Stock Option Agreement between Employee and the Company.
Vesting of Stock. Unless otherwise approved by the Board of Directors by vote or written consent in which at least one of the Series A Directors, the B Director and at least one of the Senior C Directors concur, and except for the Assumed Options (as defined in the Merger Agreement), all stock, stock options and other stock equivalents issued after the date of this Agreement to employees, directors, consultants and other service providers pursuant to a stock purchase or option plan or other employee stock incentive program or otherwise ("Stock Awards") (i) shall be subject to a minimum vesting schedule of at least four years, pursuant to which 25% of the shares subject to any such Stock Award will vest no sooner than one year after the date of the issuance or grant of such Stock Award, and 75% of the shares subject to such Stock Award will vest no more frequently and no sooner than monthly on a pro rata basis beginning on the first anniversary of the date of issuance or grant of such Stock Award, (ii) shall provide for termination of vesting and forfeiture of any unvested portion of such Stock Award upon cessation of employment, and (iii) shall provide that as a condition to issuance of any shares, the recipient of such shares shall sign a written agreement in a form approved by the Board providing the Corporation with a right of first refusal on any transfer of such shares with certain exceptions for transfers to immediate family members and to trusts of which the holder is the trustee.
Vesting of Stock. (a) The Stock covered by this Agreement will become nonforfeitable on the earlier of (i) the date of the Director’s retirement from the Board, or (ii) one year after the grant date.
(b) Notwithstanding the provisions of Subsection (a) of this Section, all of the Stock covered by this Agreement will become immediately nonforfeitable upon the occurrence of a change in control (as defined under the Plan).
Vesting of Stock. On the date of termination for any reason, Employee shall only be entitled to the value of the shares of any class of stock vested on or before the date of termination of employment, if any shares have vested by that date, in accordance with the vesting schedule outlined in the applicable Award Notice and Award Agreement or other documentation between Employee and the Company governing the vesting of such shares. As of the date of termination, all vesting options will lapse with respect to all of Employee’s then-unvested shares of any class of stock. Notwithstanding anything to the contrary contained herein, should the Employee be terminated for Cause, then all options granted Employee, whether vested or unvested, shall be forfeited by Employee and shall terminate.
Vesting of Stock. Upon a Change in Control, the vesting of all ---------------- stock options held by the Employee and exercisable to purchase common stock of the Company shall be accelerated so that all such options shall be immediately exercisable in full.
Vesting of Stock. (a) Provided that the Grantee has remained in the continuous employment as an employee of the Company or a Subsidiary until the relevant date or dates of vesting, the Stock covered by this Agreement shall become vested and nonforfeitable in accordance with, and subject to, the conditions set forth below:
(b) For the purposes of this Agreement, the continuous employment of the Grantee with the Company or a Subsidiary shall not be deemed to have been interrupted, and the Grantee shall not be deemed to have ceased to be an employee of the Company or a Subsidiary, by reason of (A) the transfer of the Grantee’s employment among the Company and its Subsidiaries or (B) an approved leave of absence.
(c) Notwithstanding the provisions of Section 3(a) hereof, all of the Stock covered by this Agreement shall become immediately vested and nonforfeitable upon the occurrence of a change in control that shall occur while the Grantee is an employee of the Company. For the purposes of this Agreement, the term “change in control” will have the meaning given such term under the Plan as in effect on the Date of Grant.
Vesting of Stock. The Parties agree that for purposes of determining the number of shares of the Company's common stock which Employee is entitled to purchase from the Company, Employee will be entitled to continue vesting of stock until April 11, 1999. Employee agrees that the exercise of any vested options must be pursuant to the terms and conditions of the Company's Stock Option Plan and the Stock Option Agreement(s) between Employee and the Company.
