Vesting Option Installments Sample Clauses

Vesting Option Installments. For so long as the Executive remains in the full-time employ of the Corporation and/or its subsidiaries, the Incentive Option Grant set forth in Section 3c above will vest in quarterly installments over a three year period commencing on December 31, 2014, entitling the Executive to purchase up to 100% of the 1,828,550 Option Shares of Corporation Common Stock over the three year vesting period in accordance with the following quarterly triggers: (a) 152,380 Option Shares shall vest as at the end of each calendar quarter, commencing December 31, 2014, (b) the Executive shall have the right to purchase up to 152,380 Option Shares as at the end of each such calendar quarter, commencing December 31, 2014, and (c) to the extent not purchased at the end of any one or more such quarters such vested Option Shares shall accumulate and may be purchased in any one or more subsequent calendar quarters through the quarter ending December 31, 2017, at which point in time the shares will be fully vested. Once the Option Shares have fully vested, except as provided in Sxxxxxx 0x xxxxx, they must be exercised and purchased by the Executive at the Option Price within 180 days.
Sample 1
AutoNDA by SimpleDocs
Vesting Option Installments. For so long as the Executive remains in the full-time employ of the Corporation and/or its subsidiaries, the Incentive Option Grant set forth in Section 3c above will vest as follows: (1) Fifty percent (50%) of the remaining unvested options will vest on the effective date of this agreement; (2) all remaining unvested options shall vest on March 31, 2017.
Sample 1
Vesting Option Installments. For so long as the Executive remains in the full-time employ of the Corporation and/or its subsidiaries, the Incentive Option Grant set forth in Section 3c above will vest in quarterly installments over a three year period commencing on the first quarter ending subsequent to the IPO effective date, entitling the Executive to purchase up to 100% of the Option Shares of Corporation Common Stock over the three year vesting period in accordance with the following quarterly triggers: (a) 1/12 Option Shares shall vest as of the end of each calendar quarter, commencing on the first quarter ending subsequent to the IPO effective date, (b) the Executive shall have the right to purchase up to 1/12 Option Shares as of the end of each such calendar quarter, commencing on the first quarter ending subsequent to the IPO effective date, and (c) to the extent not purchased at the end of any one or more such quarters such vested Option Shares shall accumulate and may be purchased in any one or more subsequent calendar quarters through the quarter ending 3 years after the first quarter vesting period, at which point in time the shares will be fully vested. Once the Option Shares have fully vested, except as provided in Sxxxxxx 0x xxxxx, they must be exercised and purchased by the Executive at the Option Price within 180 days.
Sample 1

Related to Vesting Option Installments

  • Option; Option Price On the terms and subject to the conditions of the Plan and this Agreement, including, without limitation, Section 18 of this Agreement, the Optionee shall have the option (the “Option”) to purchase Shares at the price per Share (the “Option Price”) and in the amounts set forth on the signature page hereto. Payment of the Option Price may be made in the manner specified by Section 5.9 of the Plan. The Option is not intended to qualify for federal income tax purposes as an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”). Except as otherwise provided in Section 7 of this Agreement, the Option shall remain exercisable as to all Vested Options (as defined in Section 4) until the expiration of the Option Term (as defined in Section 3). Except as otherwise provided in the Plan or this Agreement, upon a Termination of Relationship, the unvested portion of the Option (i.e., that portion which does not constitute Vested Options) shall terminate.

  • Second Option If Tenant exercises the First Option, Landlord grants Tenant an additional option (the "Second Option") to extend the term of the Lease for one (1) additional term of five (5) years (the "Second Option Term"). The Second Option applies only to the Premises and is on the following conditions:

  • Installments For purposes of Section 409A of the Code (including, without limitation, for purposes of Treasury Regulation Section 1.409A-2(b)(2)(iii)), Executive’s right to receive any installment payments under this Agreement shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment.

  • Initial Option Grant As of the end of the day of the date this Agreement is signed by the Company and Employee, the Company shall grant Employee an option to purchase the number of shares described in Exhibit A of common stock of the Company under the Company's 1992 Stock Option Plan, as amended, having an exercise price per share equal to the fair market value (as defined in the Stock Option Plan) of a share of common stock of the Company. Except as otherwise provided in the Stock Option Plan, the option shall become exercisable as described in Exhibit A.

  • Vesting Date All remaining shares of Restricted Stock will become vested on the Vesting Date.

  • Vesting Dates The ISOs shall vest as follows, subject to earlier vesting in the event of a termination of Service as provided in Section 6 or a Change in Control as provided in Section 7: ISOs for

  • Option Vesting Options shall vest as follows:

  • Option Term This option shall have a term of ten (10) years measured from the Grant Date and shall accordingly expire at the close of business on the Expiration Date, unless sooner terminated in accordance with Paragraph 5 or 6.

  • Grant Date The Grant Date of the Option hereby granted is .

  • Additional Options In the event that the Company grants additional options to purchase shares of Class A Common Stock to the Grantee, unless agreed to the contrary between the Parties, the additional options will be subject to the terms of this Agreement.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!