Time Vested Option definition

Time Vested Option means an Option that will vest 25% per year on the anniversaries of the date as of which it was awarded and will vest in full upon the occurrence of a Change of Control.
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Time Vested Option means an Option subject to the vesting schedule provided in Section 5(e)(ii) below.
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Time Vested Option means an Option that will vest in an amount equal to the "Vesting Percentage" set forth in the Award Agreements per year on the anniversaries of the date as of which it was awarded and will vest in full upon the occurrence of a Change of Control.
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Examples of Time Vested Option in a sentence

  • The Time Vested Option shall be intended to qualify as an "incentive stock option" to the maximum extent permissible under Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").

  • The exercise price of the Time Vested Option shall by equal to the Fair Market Value (as defined in the Plan), shall expire ten years after the Grant Date and shall vest in 12 equal quarterly installments commencing on the last day of the calendar quarter following the Grant Date and otherwise pursuant to the terms and conditions of Holdings’ form of Award Agreement (as defined in the Plan).

  • The Option Agreement shall designate whether an Option is a Time Vested Option or is subject to other applicable vesting conditions.

  • The exercise price of the Time Vested Option shall by equal to the Fair Market Value (as defined in the Plan), shall expire ten years after the Grant Date and shall vest in 12 equal quarterly installments commencing on the last day of the calendar quarter following the Grant Date and otherwise pursuant to the terms and conditions of Holdings’ form of Award Agreement (as defined in the plan).

  • Executive acknowledges that the options to purchase 206,506 Common Shares on August 6th, 2019 reflect the Time Vested Option grants for calendar year 2019.

  • Executive acknowledges that the options to purchase 170,368 Common Shares on August 6th, 2019 reflect the Time Vested Option grants for calendar year 2019.

  • In addition, the quantitative approach to treatment evaluation that was introduced during the proceeding chapter is developed further.

  • The Executive acknowledges and agrees that the Time Vested Option and the Performance Vested Options are the only stock options that have been granted to the Executive.

  • In addition, any unvested portion of the Restricted Stock and any unvested portion of the Time Vested Option shall become fully vested as of the date of termination of Executive.

  • In the event of termination pursuant to this Section 5(b) after an IPO, any unvested portion of the Restricted Stock and any unvested portion of the Time Vested Option shall become fully vested as of the date of termination of Executive.


More Definitions of Time Vested Option

Time Vested Option. The first Option Award (the “Time Vested Option”), shall be awarded with respect to 1,500,000 shares of the Company’s Common Stock. Twenty-five percent (25%) of the shares subject to the Time-Vested Option shall vest on June 24, 2020 and the remaining shares shall vest in twelve (12) substantially equal quarterly installments on each quarterly anniversary date thereafter, such that the Time-Vested Option shall be fully vested as of June 24, 2023, subject in all cases to Executive’s continued employment with the Company through each such vesting date.
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Related to Time Vested Option

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

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

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Optioned Stock means the Common Stock subject to an Option.