Tranche 2 Options definition

Tranche 2 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 and performance-based vesting in accordance with the terms of this Agreement, including Schedule A, and the Plan.
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Tranche 2 Options. The Tranche 2 Options shall become vested in 12 installments, as follows: March 31, 2022 8.33% June 30, 2022 16.66% September 30, 2022 25.0% December 31, 2022 33.33% March 31, 2023 41.66% June 30, 2023 50.0% September 30, 2023 58.33% December 31, 2023 66.66% March 31, 2024 75% June 30, 2024 83.33% September 30, 2024 91.66% December 31, 2024 100% provided that you remain continuously employed by or continue to provide services to the Company or one of its Subsidiaries from the Date of Grant through the applicable vesting date. 4. For purposes of the Optionee’s severance entitlements, all of the Options will be considered to vest based upon the passage of time during continued employment without specific performance requirements. 5. Except as set forth in this Amendment, the Options will continue in effect according to the Option Agreement.
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Tranche 2 Options. The Tranche 2 Options shall become vested in 12 installments, as follows: Vesting Date Cumulative Vesting Percentage March 31, 2022 8.33% June 30, 2022 16.66% September 30, 2022 25.0% December 31, 2022 33.33% March 31, 2023 41.66% June 30, 2023 50.0% September 30, 2023 58.33% December 31, 2023 66.66% March 31, 2024 75% June 30, 2024 83.33% September 30, 2024 91.66% December 31, 2024 100% provided that you remain continuously employed by or continue to provide services to the Company or one of its Subsidiaries from the Date of Grant through the applicable vesting date.
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Examples of Tranche 2 Options in a sentence

  • Tranche 2 Options that are eligible to vest shall only vest and become exercisable upon the achievement of a 0.5x Return to Investor.

  • The Tranche 2 Options shall only vest and become exercisable upon a 2.0x Return to Investor.

  • Unless earlier terminated, relinquished or expired, the Tranche 1 Options and the Tranche 2 Options shall vest in accordance with the terms of Schedule A applicable thereto.

  • No portion of the Option may be exercised until such portion vests and, with respect to the Tranche 2 Options, is earned under Schedule A.

  • First, it is fitting to address the functioning of the Treaty’s two administrative bodies, the Governing Body and the Secretary (7.1).

  • The Tranche 2 Options will become eligible to vest (subject to achieving a 0.5x Return to Investor) with respect to 25% of the Tranche 2 Options on each of the first, second, third and fourth anniversaries of the Grant Date.

  • The Executive Option Plan – Tranche 2 Award Notice of Grant (the “Grant Notice”) attached hereto sets forth the number of Common Shares which are the subject of Tranche 2 Options and the date of grant of the Tranche 2 Options (the “Grant Date”).

  • The Complii Tranche 1 Options have an implied value of $0.0244 each and the Complii Tranche 2 Options have an implied value of $0.0207 each.

  • If the Participant’s employment or service with the Company or any of its Subsidiaries is terminated by the Company or any of its Subsidiaries for Cause or by the Participant without Good Reason, as defined in the Participant’s Employment Agreement, both the vested and unvested portions of the Tranche 2 Options shall be deemed immediately forfeited and canceled in their entirety upon such termination of employment or service without any payment or consideration being due from the Company.

  • The Participant accepts the Tranche 2 Options subject to all the terms and provisions of the Plan, which shall control in the event of any conflict between any provision of the Plan and this Award Agreement, and accepts as binding, conclusive and final all decisions or interpretations of the Committee upon any questions arising under the Plan and/or this Award Agreement.


More Definitions of Tranche 2 Options

Tranche 2 Options means Options with the terms set out in Schedule 3 under the heading “Tranche 2 Options” and subject to the terms of the Employee Incentive Plan.
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Tranche 2 Options means, collectively, the Company Options described on Schedule 1.01(e).
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Tranche 2 Options. The Tranche 2 Options shall become vested in 12 installments, as follows: March 31, 2022 8.33% June 30, 2022 16.66% September 30, 2022 25.0% December 31, 2022 33.33% March 31, 2023 41.66% June 30, 2023 50.0% September 30, 2023 58.33% December 31, 2023 66.66% March 31, 2024 75% June 30, 2024 83.33% September 30, 2024 91.66% December 31, 2024 100% provided that you remain continuously employed by or continue to provide services to the Company or one of its Subsidiaries from the Date of Grant through the applicable vesting date.
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Tranche 2 Options and “Tranche 3 Options” shall have the meanings set forth in the Option Agreement.
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Related to Tranche 2 Options

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

  • Approved 102 Option means an Option granted pursuant to Section 102(b) of the Ordinance and held in trust by a Trustee for the benefit of the Optionee.

  • 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 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.

  • 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.

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

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

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

  • Unapproved 102 Option means an Option granted pursuant to Section 102(c) of the Ordinance and not held in trust by a Trustee.

  • Equity Award means all incentive stock options, non-statutory stock options, shares of restricted stock, restricted stock units or other incentive equity awards in respect of shares of the Company’s equity securities that have been or will be granted to you by the Company.

  • Number of Options For each Component, as provided in Annex A to this Confirmation.6 Option Entitlement: One Share Per Option Strike Price: USD [_____] Cap Price: USD [_____]; provided that in no event shall the Cap Price be reduced to an amount less than the Strike Price in connection with any adjustment by the Calculation Agent under this Confirmation.

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

  • Approved Share Plan means any employee benefit plan which has been approved by the board of directors of the Company prior to or subsequent to the date hereof pursuant to which Ordinary Shares and standard options to purchase Ordinary Shares may be issued to any employee, officer, director or advisers for services provided to the Company in their capacity as such.

  • Company RSUs means any restricted stock units granted under any of the Company Equity Plans.

  • Parent Equity Awards means Parent Options, Parent DSU Awards and Parent PSU Awards.

  • 102 Option means any Option granted to Employees pursuant to Section 102 of the Ordinance.

  • Director Option means an Option granted pursuant to Section 6.

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Approved Stock Plan means any employee benefit plan which has been approved by the Board of Directors of the Company, pursuant to which the Company's securities may be issued to any employee, officer or director for services provided to the Company.

  • 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.

  • Stock Index Option means an exchange traded option entitling the holder, upon timely exercise, to receive an amount of cash determined by reference to the difference between the exercise price and the value of the index on the date of exercise.

  • Prior Plans means, collectively, the Company’s 2006 Long-Term Incentive Plan, as amended, 2009 Long-Term Incentive Plan, 2012 Long-Term Incentive Plan and 2013 Long-Term Incentive Plan. Awards granted under the Prior Plans continue to be governed under the terms of those Prior Plans.

  • 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.

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

  • Company Equity Awards means the Company RSU Awards and the Company PSU Awards.

  • 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.