Stock Vesting definition

Stock Vesting. Options granted to purchase such reserved shares shall be subject to vesting over a three year period with 1/3 of the shares vesting on the first anniversary of the date of grant and the remainder vesting as to 1/24 per month thereafter.
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Stock Vesting means continued option exercisability with respect to Option Shares and lapse of the Repurchase Right with respect to Unvested Shares at the rate described in Sections 5 and 6 above.
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Examples of Stock Vesting in a sentence

  • Unless either Section 3.5(b)(ii) or 3.5(b)(iii) shall apply, if Executive’s employment is terminated prior to the Restricted Stock Vesting Date, all shares of Restricted Stock awarded pursuant to Section 3.5(a) hereof shall be forfeited without payment of consideration by the Company.

  • The number of shares of Common Stock subject to the awarded restricted stock units (the “Shares”) and the applicable vesting schedule for the restricted stock units and the underlying shares shall be as set forth in the “Restricted Stock: Vesting Details” linked to the restricted stock unit grant number for the Award in the Participant’s portfolio provided on the E-Trade Stock Plan Services website.

  • Except as otherwise stated in this Section 2, you shall become vested in the Performance Shares on the third anniversary of the Grant Date specified in Annex 1, subject to the Corporation’s achievement of the Performance Goals specified in Annex 1 during the Performance Cycle as certified by the Committee (hereinafter the “Performance Shares Vesting Date” and, together with the Restricted Stock Vesting Date, the “Vesting Date”).

  • Upon the termination of the Restricted Stock Vesting Period with respect to any Shares (or at any such earlier time, if any, that an election is made by the Grantee under Section 83(b) of the Code, or any successor thereto), the Grantee may pay cash to cover applicable withholding and employment taxes or the Company may withhold from any payment or distribution made under the Plan sufficient Shares to cover any applicable withholding and employment taxes.

  • The Option shall be exercisable during its term in accordance with the following Vesting Schedule: Percentage of Stock Vesting Date ------------------- ------------ 20% Sixth months after the Company's Common Stock begins trading on the American Stock Exchange 20% on the first day of each six month period thereafter such that all shall be fully vested on the 30th month after the Company's Common Stock begins trading on the American Stock Exchange.

  • Employee acknowledges that that the only outstanding Company options that the Company has granted to Employee are as follows: Grant Date Number of Share of Common Stock Vesting Date Strike Price 5/15/08 432 Completely Vested $ 475.00 Employee acknowledges and agrees that these options shall be terminated and cancelled as of the date hereof.

  • Upon the lapse or expiration of the Restricted Stock Vesting Period with respect to a portion of the Shares, the Company shall deliver to the Grantee (or in the case of a deceased Grantee, to his legal representative) the certificate in respect of such Shares and the related stock power held by the Company pursuant to Section 4 above.

  • The Shares as to which the Restricted Stock Vesting Period shall have lapsed or expired shall be free of the restrictions referred to in Section 2 above, and such certificate shall not bear the legend provided for in Section 4 above.

  • Notwithstanding the foregoing, any Company Stock Award vesting condition contingent on the achievement of specified Company stock targets (“Stock Vesting Targets”) shall be adjusted so that each Stock Vesting Target is equal to the quotient of: (A) the Stock Vesting Target divided by (B) the Per Share Consideration, with any fractional cents rounded up to the next higher number of whole cents.

  • Except as expressly provided herein, the Stock Vesting Agreement, the Change of Control Severance Agreement, and the Employee Proprietary Information and Inventions Agreement shall remain in full force and effect according to their respective terms.

Related to Stock Vesting

  • Non-Vested Shares means any portion of the Restricted Stock subject to this Agreement that has not become vested pursuant to this Section 2.

  • Initial Vesting Date means the date occurring one (1) year after the Date of Option Grant.

  • Vesting Date has the meaning set forth in Section 3.10(c)(ii).

  • Normal Vesting Date means the date on which an Award Vests under Rule 6.1 (Timing of Vesting: Normal Vesting Date), in the absence of an Early Vesting Date;

  • Deferred Shares means an award made pursuant to Section 7 of this Plan of the right to receive Common Shares at the end of a specified Deferral Period.