Examples of Grant percentage in a sentence
This Option, except as specifically provided elsewhere under the terms of the Plan, shall vest and become exercisable as follows: Years Elapsed from Date of Grant Percentage Exercisable [insert vesting schedule] For purposes of this Section 4, a year shall mean a period of 365 days (or 366 days in the event of a leap year).
Except as otherwise provided in this Agreement, the Shares shall vest in accordance with the following schedule: Anniversary of the Date of Grant Percentage of Shares Vested Second 50% Third 75% Fourth 100% Notwithstanding the vesting schedule above, all of the Shares shall vest upon a Change in Control (as defined below) of the Company.
An Optionee's "Option Grant Percentage" shall be the percentage of his or her base salary which may be received by him or her in the form of the grant of a Management Option, as determined by the Board in its discretion, taking into consideration such performance criteria as it shall, from time to time, deem appropriate.
Each such Management Option granted to an Optionee shall have a value (the "Option Value") equal to the amount calculated by multiplying the Optionee's base salary earned during the calendar year ending immediately prior to the Option Date, by his or her Option Grant Percentage.
The amount of each subsequent payment will be calculated in accordance with the following: Quarterly payment = Total Eligible Expenditure (cumulative) to the end of the quarter which has just been completed, multiplied by the Grant Percentage Minus Total amount of Grant paid to date Version 2 An * indicates that information has been redacted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.