Time Vested Options definition

Time Vested Options means New Management Options to which the vesting schedule set forth in Section 8(b)(i) hereof applies.
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Time Vested Options means the Non-Statutory Stock Options granted hereunder which vest based on elapsed time as set forth in Section 3(a)(i) and Appendix B.
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Time Vested Options. Subject to the Holder’s continuous employment with the Employer in good standing through the applicable vesting date, twenty percent (20%) of the Time-Vested Options shall vest upon the one (1) year anniversary of the Vesting Commencement Date, and the remainder of the Time-Vested Options shall vest in substantially equal monthly installments during the forty-eight (48) months thereafter (such that one and two thirds percent (1 2/3%) of the Time-Vested Options shall vest upon each subsequent monthly anniversary of the Vesting Commencement Date during such period). Notwithstanding anything herein to the contrary, in the event that a Change in Control occurs, and the Holder experiences a Termination by the Employer (or its successor) without Cause subsequent to the consummation of such Change of Control but prior to the one year anniversary of such consummation, all unvested Time Vested Options shall vest in full upon such Termination.
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Examples of Time Vested Options in a sentence

  • Provided that Executive provides the required notice, the Company shall be required to pay Executive all accrued and unpaid salary and all issued vested Options (whether Time Vested Options or Performance Options) shall continue to be exercisable but any unvested Options (whether Time Vested Options or Performance Options) shall terminate and be of no further force and effect.

  • All Time Vested Options shall become fully vested and exercisable upon a Change in Control.

  • Of the shares reserved for New Management Options, twenty percent (20%) shall be available for grant of Time Vested Options, and eighty percent (80%) shall be available for grant of Performance Vested Options.

  • These fuse blocks shall be sized to have four (4) additional available fused connections on each block after all equipment has been installed.

  • In addition to the Time-Vested Options, Executive shall also be entitled to receive a grant of stock options (“Performance Options” and collectively with the Time Vested Options and any previously issued options to the Executive, the “Options”) to purchase Shares under the Plan.

  • For purposes of determining the number of Options to be granted to Executive in payment of the Time Vested Options or Performance Options granted to Executive, the Options shall be valued (i.e. “Option Value,” based on the date of the grant using the Black-Scholes option pricing model, with the input variables determined by the Company in its sole discretion consistently applied, and shall, to the maximum extent permitted, be incentive stock options.

  • Except as otherwise provided in a Participant’s Option Agreement, twenty percent (20%) of the Time Vested Options granted to a Participant shall vest and become exercisable on the date of grant, and an additional twenty percent (20%) shall vest and become exercisable on each of the first, second, third and fourth anniversaries of the date of grant.

  • Except as otherwise provided in subsection (d) below, if any New Management Option shall for any reason expire, be forfeited or otherwise terminate, in whole or in part, the shares of Stock not acquired under such New Management Option shall revert to and again become available for issuance under the Plan as a New Management Option, which New Management Option shall be allocated as to Time Vested Options and Performance Vested Options as the New Management Option expired, forfeited of terminated.

  • In addition, if the Executive dies or the Executive's employment is terminated because of Disability during the Employment Period, 50% of the Time Vested Options which were not vested immediately prior to his death or Disability shall become vested on the date of his death or Disability.

  • By a simple induction on the derivations of N ≡ M and ([N ]) ≡ ([M ]).


More Definitions of Time Vested Options

Time Vested Options shall have the meaning set forth in ss.4 hereof.
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Time Vested Options. Generally comprised of 50% of the total options granted to a participant. Unless otherwise determined by the Committee on the date of grant, Time Vested Options will vest over a 4 year period, with 25% vesting on the first anniversary of the date of grant, and the remainder vesting ratably each month over the remaining 36-month period.
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Time Vested Options as is determined pursuant to this Section 2:
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Related to Time Vested Options

  • Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

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

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Vested Shares means "Vested Shares" as defined in the Award Agreement.

  • Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of immediately prior to the Effective Time or will vest solely as a result of the consummation of the Merger.

  • Promised Options means promised but ungranted Options that are the greater of those (i) promised pursuant to agreements or understandings made prior to the execution of, or in connection with, the term sheet or letter of intent for the Equity Financing or Liquidity Event, as applicable (or the initial closing of the Equity Financing or consummation of the Liquidity Event, if there is no term sheet or letter of intent), (ii) in the case of an Equity Financing, treated as outstanding Options in the calculation of the Standard Preferred Share’s price per share, or (iii) in the case of a Liquidity Event, treated as outstanding Options in the calculation of the distribution of the Proceeds.

  • Unvested Company Option means any Company Option that is not a Vested Company Option.

  • Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Unvested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Related Option means an Option with respect to which a Stock Appreciation Right has been granted.

  • Stock Options means the collective reference to "Incentive Stock Options" and "Other Stock Options".

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

  • Rollover Options has the meaning provided in Subsection 3.1(h).

  • Unvested Units means those Units listed as unvested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.

  • Company Stock Options shall have the meaning given to such term in Section 3.3(a) hereof.

  • Performance Option means an Incentive Stock Option or Nonqualified Stock Option, the grant of which or the exercisability of all or a portion of which is contingent upon the attainment of specified Performance Measures within a specified Performance Period.

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

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

  • Vest or “Vesting” means that a portion of the Option granted to the Option Holder which is available to be exercised by the Option Holder at any time and from time to time.

  • Equity Awards will mean Executive’s outstanding stock options, stock appreciation rights, restricted stock units, performance shares, performance stock units and any other Company equity compensation awards.

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Employee Option means an Option granted pursuant to Section 5.

  • Parent Options means options or other rights to purchase shares of Parent Common Stock issued by Parent.

  • Vesting Event means the earliest to occur of the following events: