Stratus Group definition
Examples of Stratus Group in a sentence
Nothing in the Plan, in this Agreement or any other instrument executed pursuant thereto shall confer upon the Optionee any future right or entitlement to additional grants under this Plan or any other Plans the Stratus Group might adopt in the future.
Except as provided in Section 3(b), Option Shares shall vest at the rate of Twenty-five percent (25%) per annum each of the first four anniversary dates of the Grant Date provided that the Optionee remains continuously employed by the Stratus Group through each applicable anniversary date.
Except as provided in Section 3(b), Option Shares shall vest at the rate of twenty-five percent (25%) per annum each of the first four anniversary dates of the Grant Date provided that the Optionee remains continuously employed by the Stratus Group through each applicable anniversary date.
As used herein, “Pro-Rata Portion” means the percentage of the total ownership interest in the Stratus Group being acquired by the party acquiring or that has acquired control of the Stratus Group in the Approved Sale.
The Company and/or Employer shall have the right to assign their rights and delegate their duties under this Agreement in connection with a transaction or series of related transactions which involve the sale or transfer of 50% or more of the assets, business or voting control of the Stratus Group.
Until the Initial Public Offering, the Company shall deliver to Employee quarterly and annual consolidated financial statements of the Stratus Group; provided, however, that Employee agrees to treat such information as confidential and to enter into such confidentiality agreements with the Employer or the Company relating to such materials as reasonably requested by the Employer or the Company.