Vested Option Shares definition

Vested Option Shares means, at the relevant time of reference thereto, those Option Shares for which the Option are fully exercisable at such time pursuant to this Section 4.

Vested Option Shares means shares of EDS Common Stock the Grantee is entitled to receive upon exercise of the Option and fulfillment of any other terms and conditions applicable to the Grantee under this Agreement and/or the Plan.

Vested Option Shares on the dates set forth in the following Vesting schedule (“Vesting Date”):

Examples of Vested Option Shares in a sentence

• Except as otherwise provided in this Section 5, the Vested Option Shares and Additional Vested Option Shares remain subject to the Stock Option Agreement and stock option plan.

• You acknowledge and agree that other than the Vested Option Shares and Additional Vested Option Shares, You have no further rights to the Company’s capital stock, or any rights to receive or vest in any additional shares of the Company capital stock.

• The Option Period commences on the Grant Date and with respect to Vested Option Shares generally ends on the seventh anniversary of the Grant Date.

• If there is no effective Beneficiary designation on file at the time of Grantee's death, or if the designated Beneficiary or Beneficiaries have all predeceased Grantee, the right to exercise the Vested Option Shares and to purchase shares of Common Stock shall be determined in accordance with applicable law.

• Vested Option Shares may be exercised and purchased during the Option Period, until termination under Section 4 below.

More Definitions of Vested Option Shares

Vested Option Shares means shares of EDS Common Stock covered by the Option awarded pursuant to this Agreement which at the time in question Grantee is entitled to receive upon exercise of the Option and fulfillment of any other term and condition applicable to the Grantee under this Agreement and/or the Plan.

Vested Option Shares is defined in Section 2.

Vested Option Shares as defined in Section 3.3(b).

Vested Option Shares means the Option Shares with respect to which the Option has become exercisable.

Vested Option Shares means only that percentage of the number of shares of Stock subject to the Option as to which the Option becomes exercisable after the Vesting Commencement Date following completion of a continuous period of service indicated in the schedule below. The Option will vest as to twenty-five percent (25%) of the Option Shares on the first anniversary of the Vesting Commencement Date and then an additional 1/48th of the Option Shares shall become Vested Option Shares per month thereafter until the fourth anniversary of the Vesting Commencement Date at which point all Option Shares will be Vested Option Shares; provided, however, that the vesting of Option Shares shall continue only if the Optionee remains at all times in the continuous service of the Company or any Subsidiary from and after the Vesting Commencement Date. For purposes of this Vesting Schedule, the Vesting Commencement Date is _______________.

Vested Option Shares means shares of Company Common Stock covered by vested options outstanding as of the Closing Date, including options which become vested as a result of the Merger. As used herein, "Exchange Ratio" means the ratio of (I) the aggregate number of shares of Company Common Stock outstanding as of the Closing Date (assuming the conversion of the Series A Preferred and the Series B Preferred to Company Common Stock and the exercise of all warrants and Vested Options), to (II) the Gross Parent Share Number.

Vested Option Shares means the shares of Company Capital Stock issuable pursuant each option issued by the Company that is outstanding, vested and not expired immediately prior to the Effective Time, on a treasury basis (net exercise) and the exercise price is less than $0.20.