Tranche 1 Options definition

Tranche 1 Options means the portion of the 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 Options means Options with the terms set out in Schedule 3 under the heading “Tranche 1 Options” and subject to the terms of the Employee Incentive Plan.
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Examples of Tranche 1 Options in a sentence

  • The Tranche 1 Options will vest and become exercisable with respect to 25% of the Tranche 1 Options on each of the first, second, third and fourth anniversaries of the Grant Date.

  • Any previously vested Tranche 1 Options shall remain vested, and any remaining unvested Tranche 1 Options shall continue to vest pursuant to the original vesting schedule which commenced as of the Original Grant Date.

  • Except as herein modified, all other terms and conditions of the Tranche 1 Options shall remain the same as in effect in the Original Agreement immediately prior to the date of this Amendment including, without limitation, the vesting thereof which shall be unaffected hereby.

  • This certificate evidences the agreement between the Company and the undersigned Employee that the exercise price of the Tranche 1 Options under the Original Agreement is hereby modified to be $90 per Unit.

  • Notwithstanding any other provision of this Section 2, in the event of a Change of Control, 100% of the Shares subject to any then outstanding and unvested Tranche 1 Options shall become fully vested.

  • Furthermore, notwithstanding anything to the contrary contained herein, upon a Change in Control, 100% of the then unvested Tranche 1 Options and, provided such Change in Control occurs on or before December 31, 2014, 100% of the then unvested and still outstanding Tranche 2 Options shall vest.

  • If Tranche 1 Options do not vest on January 1, 2010, but Baseline 3 is at least 25% greater than Baseline 1, then Tranche 1 Options and Tranche 2 Options shall become vested as of January 1, 2011; provided, that, the Optionee is employed by the Company on the relevant vesting date.

  • The Tranche 1 Options shall vest equally over four (4) years (25% per year) on each of January 22, 1997, January 22, 1998, January 22, 1999 and January 22, 2000.

  • The Tranche 1 Options will vest 20% on each anniversary of the Grant Date, the first vesting being one year after the Grant Date.

  • The Tranche 1 Options will vest and become exercisable (i) with respect to 20% of the Units subject to the Tranche 1 Options on the first anniversary of the Initial Vesting Date, (ii) with respect to 10% of the Units subject to the Tranche 1 Options every six months following the first anniversary of the Initial Vesting Date until 100% of the Tranche 1 Options are vested and (ii) if earlier, with respect to 100% of the Units subject to the Tranche 1 Options, on a Change of Control.

Related to Tranche 1 Options

  • Vested Options means the Options that have vested in accordance with Section 1.3 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.

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

  • 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 Stock’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.

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