Time Options definition
Examples of Time Options in a sentence
Notwithstanding the foregoing, in all cases vesting of the Time Options shall cease upon the termination of Optionee’s employment with the AdTheorent Companies.
Sale of the shares of Common Stock issued to Employee upon the exercise of the Time Options may be subject to limitations pursuant to Rule 144 under the Securities Act of 1933.
A percentage of the 2x Time Options will be vested and exercisable on the date of grant, such percentage corresponding to the percentage of the period measured between the Closing Date and the fifth anniversary of the Closing Date that has elapsed as of the grant date.
The Board will in good faith attempt to time the grant of the 2x Time Options relatively near in time to but before the earlier of (i) a “Change in Control” or “Public Offering” as defined in the New Option Plan or (ii) the time at which the Board in its good faith judgment, believes that it is likely that the fair market value per share of HCA common stock will soon thereafter exceed the proposed exercise price of the 2x Time Options, but not later than the fifth anniversary of the Closing Date.
If an executive’s employment is terminated, then any 2x Time Options which are forfeited (or 2x option shares which are repurchased) would be re-issued to the other then-remaining Tier 1 Executives or the person who is chosen to replace the forfeiting Tier 1 Executive.