Time Vesting Option definition

Time Vesting Option shall have the meaning set forth in Section 3(d).
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Time Vesting Option shall have the meaning set forth in Section 3.1(a).
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Time Vesting Option means each Option that is subject solely to time-based vesting conditions.
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Examples of Time Vesting Option in a sentence

  • As of the Date of Grant, the Time Vesting Option shall become vested and exercisable with respect to 20% of the Shares subject thereto.

  • On each of the first five anniversaries of the Date of Grant, provided the Optionee is then in the employ of the Company or a Subsidiary, the Time Vesting Option shall become vested and exercisable with respect to an additional 16% of the Shares subject thereto.

  • Upon a Change of Control, the Time Vesting Option shall vest in its entirety and become immediately exercisable and, if the Change of Control constitutes a Liquidation Event, the Cliff Vesting Option shall vest in accordance with Section 4(c) hereof.

  • The number of Shares for which the Time Vesting Option and the Cliff Vesting Option may be exercised are set forth above.

  • Except as provided below, twenty percent (20%) of the shares underlying the Time Vesting Option shall vest and become exercisable on each of the first five anniversaries of April 23, 2010, provided that Participant is still employed by the Company on each such anniversary.

  • Subject to the Participant’s continued Service on each vesting date and Sections 4 and 5(a), [ ] Time Vesting Option Shares shall vest on [ ] with the remaining Time Vesting Option Shares vesting in equal monthly installments as of the last day of each of the successive[ ] months thereafter.

  • As used throughout this Plan, "Time Vesting Option" means any Option issued pursuant to this Plan and described in clauses (a)(i), (ii) or (iii) or (b)(i), (ii) or (iii) or (c)(i), (ii) or (iii) of this Section 2.2.1. As used throughout this Plan, "Performance Vesting Option" means any Option issued pursuant to this Plan and described in clauses (a)(iv) or (b)(iv) or (c)(iv) of this Section 2.2.1.

  • The Time Vesting Option and the Performance Vesting Grant will both be issued pursuant to, and will be subject to the terms of, an option plan that will be developed and approved by the Board within thirty (30) days following the Effective Date.

  • Upon a Change of Control, the Performance Vesting Option under the 2000 Award Agreement (in addition to the Time Vesting Option) shall vest in its entirety and become immediately exercisable.

  • Unless the context otherwise requires, any ISO or NSO and each Time Vesting Option and Performance Option shall hereinafter be referred to individually as an "Option" and collectively, as the "Options".


More Definitions of Time Vesting Option

Time Vesting Option. Each Time Vesting Option will become vested and exercisable as follows:
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Time Vesting Option. Each Time Vesting Option will become vested and exercisable as follows: End of Year: 1 2 3 4 5 6 -- -- --- --- --- ---- 0% 0% 25% 50% 75% 100%
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Related to Time Vesting Option

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

  • 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.

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

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

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

  • 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.

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

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

  • 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.

  • Vesting Dates means, as determined by the Board or by the Committee, the date as of which the Optionee shall be entitled to exercise the Options or part of the Options, as set forth in section 11 of the ISOP.

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • Vesting Period means the period of time specified by the Committee during which vesting restrictions for an Award are applicable.

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

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

  • Grant Year has the same meaning as in subclause 1(1) of Schedule 1 of HESA;

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

  • Vesting mean that the Units have become non-forfeitable. If Employee has a Termination of Employment prior to the Stated Vesting Date and the Units are not otherwise deemed vested by that date, the Units will be immediately forfeited except as otherwise provided in Section 4 of the Terms and Conditions.

  • Performance-Based Restricted Stock means Shares issued or transferred to an Eligible Individual under Section 9.2.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

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

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

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • Award Date means the date upon which the Committee took the action granting an Award or such later date as the Committee designates as the Award Date at the time of the Award.

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.