Tranche 1 Option definition

Tranche 1 Option means the portion of the Stock Option to purchase the number of shares of Stock set forth in Schedule A that is subject to time-based vesting in accordance with the terms of this Agreement, including Schedule A, and the Plan.
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Tranche 1 Option means any option with an exercise price per Share that is less than the amount of the Cash Consideration.
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Tranche 1 Option means any Company Option with an exercise price per Share that is less than the amount of the Closing Consideration.
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Examples of Tranche 1 Option in a sentence

  • Notwithstanding anything in the Plan to the contrary, the Tranche 1 Option and the Tranche 2 Option will vest in accordance with the terms of Schedule A attached hereto.

  • If the Tranche 1 Option vested in monthly installments, it would vest with respect to 2,083 shares per month.

  • In this hypothetical, the Tranche 1 Option would have vested with respect to 20,000 shares on 11/1/2016, prior to the date of termination.

  • The Tranche 1 Option Shares shall become Vested Option Shares in the event a share of Common Stock appreciates to $14 per share (or more) for a period of 20 consecutive trading days on or before December 3, 2015.

  • Notwithstanding the foregoing, Shares subject to the Tranche 1 Option shall not vest on any vesting date unless the Optionee has remained in continuous Employment from the Date of Grant until such vesting date.

  • Fifty percent (50%) of the Option shall have an Option Price of $0.04000 per Share (the "Tranche 1 Option").

  • The Tranche 1 Option, unless earlier terminated or forfeited, shall become vested as to 20% of the total number of Shares subject to the Tranche 1 Option on each of the first, second, third, fourth and fifth anniversaries of the Vesting Commencement Date.

  • During the Optionee’s Employment, the Option will vest and become exercisable (i) with respect to 20% of the Shares subject to each of the Tranche 1 Option, Tranche 2 Option, Tranche 3 Option, Tranche 4 Option, Tranche 5 Option and Tranche 6 Option on each of the first through fifth anniversaries of February 16, 2007 or (ii) if earlier, with respect to any unvested portion of the Option, upon a Change of Control (as defined in the Stockholders Agreement).

  • During the Optionee’s Employment, the Option will vest and become exercisable (i) with respect to 20% of the Shares subject to each of the Tranche 1 Option, Tranche 2 Option, Tranche 3 Option, Tranche 4 Option, Tranche 5 Option and Tranche 6 Option on each of the first through fifth anniversaries of the Grant Date or (ii) if earlier, with respect to any unvested portion of the Option, upon a Change of Control (as defined in the Stockholders Agreement).

  • Further, simultaneous with the execution of this Agreement, the parties hereto shall execute the Tranche 1 Option Agreement, the Tranche 2 Option Agreement, the Tranche 3 Option Agreement and the Tranche 4 Option Agreement attached to this Agreement as Exhibits B, C, D and E respectively.