Common use of Vesting of the Option Clause in Contracts

Vesting of the Option. Subject to the Participant’s continued service to the Company through the applicable vesting date and the terms of the Plan, the Option shall vest in equal installments on each of the first five (5) anniversaries of the Date of Grant, such that twenty percent (20%) of the Option vests on each such anniversary (each, a “Vesting Date”). At any time, the portion of the Option which has become vested in accordance with the terms hereof shall be called the “Vested Portion.”

Appears in 4 contracts

Samples: Nonqualified Stock Option Award Agreement (Rouse Properties, Inc.), Nonqualified Stock Option Award Agreement (Rouse Properties, Inc.), Nonqualified Stock Option Award Agreement (Rouse Properties, Inc.)

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Vesting of the Option. Subject to the Participant’s continued service to the Company through the applicable vesting date and the terms of the Plandate, the Option shall vest in equal installments on each of the first five four (54) anniversaries of the Date of Grant, such that twenty twenty-five percent (2025%) of the Option vests on each such anniversary (each, a “Vesting Date”)anniversary. At any time, the portion of the Option which has become vested in accordance with the terms hereof shall be called the “Vested Portion.

Appears in 3 contracts

Samples: Nonqualified Stock Option Award Agreement (Generac Holdings Inc.), Nonqualified Stock Option Award Agreement (Generac Holdings Inc.), Nonqualified Stock Option Award Agreement (Generac Holdings Inc.)

Vesting of the Option. Subject to the Participant’s continued service to Service with the Company through the applicable vesting date date, Section 5 of this Award Agreement and the terms of the Plan, the Option shall vest in equal installments on each of the first five three (53) anniversaries of the Date of Grant, such that twenty percent one-third (20%1/3) of the Option vests on each such anniversary (each, a “Vesting Date”). At any time, the portion of the Option which has become vested in accordance with the terms hereof shall be called the “Vested Portion.

Appears in 3 contracts

Samples: Nonqualified Stock Option Award Agreement (Dave & Buster's Entertainment, Inc.), Nonqualified Stock Option Award Agreement (Dave & Buster's Entertainment, Inc.), Nonqualified Stock Option Award Agreement (Dave & Buster's Entertainment, Inc.)

Vesting of the Option. Subject to the Participant’s 's continued service to the Company through the applicable vesting date and the terms of the Plandate, the Option shall vest in equal installments on each of the first five four (54) anniversaries of the Date of Grant, such that twenty five percent (2025%) of the Option vests on each such anniversary (each, a “Vesting Date”)anniversary. At any time, the portion of the Option which has become vested in accordance with the terms hereof shall be called the "Vested Portion".

Appears in 2 contracts

Samples: Nonqualified Stock Option Award Agreement (Marquee Holdings Inc.), Nonqualified Stock Option Award Agreement (Amc Entertainment Inc)

Vesting of the Option. Subject to the Participant’s continued service to the Company through the applicable vesting date and the terms of the Plan, the Option shall vest in equal installments on each of the first five ___ (5__) anniversaries of the Date of Grant, such that twenty ______ percent (20__%) of the Option vests on each such anniversary (each, a “Vesting Date”). At any time, the portion of the Option which has become vested in accordance with the terms hereof shall be called the “Vested Portion.”

Appears in 1 contract

Samples: Nonqualified Stock Option Award Agreement (General Growth Properties, Inc.)

Vesting of the Option. Subject to the Participant’s continued service to the Company through the applicable vesting date and the terms of the Plan, the Option shall vest in equal installments on each of the first five ___ (5__) anniversaries of the Date of Grant, such that twenty ______ percent (20__%) of the Option vests on each such anniversary (each, a “Vesting Date”). At any time, the portion of the Option which has become vested in accordance with the terms hereof shall be called the “Vested Portion.” ACTIVE/84644098.3

Appears in 1 contract

Samples: Nonqualified Stock Option Award Agreement (General Growth Properties, Inc.)

Vesting of the Option. Subject to the Participant’s continued service to the Company through the applicable vesting date and the terms of the Plan, the Option shall vest in equal installments on each of the first five (5) [ ( )] anniversaries of the Date of Grant, such that twenty [ ] percent (20( %) of the Option vests on each such anniversary (each, a “Vesting Date”). At any time, the portion of the Option which has become vested in accordance with the terms hereof shall be called the “Vested Portion.”

Appears in 1 contract

Samples: Nonqualified Stock Option Award Agreement (General Growth Properties, Inc.)

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Vesting of the Option. Subject to the Participant’s continued service to the Company through the applicable vesting date and the terms of the Plandate, the Option shall vest in equal installments on each of the first five four (54) anniversaries of the Date of Grant, such that twenty twenty-five percent (2025%) of the Option vests on each such anniversary (each, a “Vesting Date”). At any time, the portion of the Option which has become vested in accordance with the terms hereof shall be called the “Vested Portion.

Appears in 1 contract

Samples: Nonqualified Stock Option Award Agreement (General Growth Properties Inc)

Vesting of the Option. Subject to the Participant’s continued service to Service with the Company through the applicable vesting date date, the condition set forth in Subsection 4(a) below, Section 5 of this Award Agreement and the terms of the Plan, the Option shall vest in equal installments on each of the first five (5) anniversaries of the Date of Grant, such that twenty percent one-fifth (20%1/5th) of the Option vests on each such anniversary (each, a “Vesting Date”). At any time, the portion of the Option which has become vested in accordance with the terms hereof shall be called the “Vested Portion.

Appears in 1 contract

Samples: Nonqualified Stock Option Award Agreement (Dave & Buster's Entertainment, Inc.)

Vesting of the Option. Subject to the Participant’s continued service to Service with the Company through the applicable vesting date date, Section 5 of this Award Agreement and the terms of the Plan, the Option shall vest in equal installments on each of the first five (5) anniversaries of the Date of Grant, such that twenty percent one-fifth (20%1/5th) of the Option vests on each such anniversary (each, a “Vesting Date”). At any time, the portion of the Option which has become vested in accordance with the terms hereof shall be called the “Vested Portion.

Appears in 1 contract

Samples: Nonqualified Stock Option Award Agreement (Dave & Buster's Entertainment, Inc.)

Vesting of the Option. Subject to the Participant’s continued service to the Company through the applicable vesting date and the terms of the Plandate, the Option shall vest in equal installments on each of the first five (5) anniversaries of the Date of Grant, such that twenty percent (20%) of the Option vests on each such anniversary (each, a “Vesting Date”)anniversary. At any time, the portion of the Option which has become vested in accordance with the terms hereof shall be called the “Vested Portion.

Appears in 1 contract

Samples: Nonqualified Stock Option Award Agreement (Generac Holdings Inc.)

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