Vested Optioned Shares definition

Vested Optioned Shares has the meaning specified in Section 5(a) hereof.
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Vested Optioned Shares means Optioned Shares which are not subject to the Corporation’s Right of Repurchase.
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Vested Optioned Shares such that all of the Optioned Shares shall be Vested Optioned Shares as of and after June 26, 2010 if a Termination Date does not occur prior to such date. The table set forth below identifies the number of Optioned Shares and the applicable vesting dates pursuant to which the Optionee may exercise this Option. June 26, 2007 25 % 175,000 September 26, 2007 6.25 % 218,750 December 26, 2007 6.25 % 262,500 March 26, 2008 6.25 % 306,250 June 26, 2008 6.25 % 350,000 September 26, 2008 6.25 % 393,750 December 26, 2008 6.25 % 437,750 March 26, 2009 6.25 % 481,250 June 26, 2009 6.25 % 525,000 September 26, 2009 6.25 % 568,750 December 26, 2010 6.25 % 612,500 March 26, 2010 6.25 % 656,250 June 26, 2010 6.25 % 700,000
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Examples of Vested Optioned Shares in a sentence

  • The Optionee shall have the right to exercise this Option for all or a portion of the Optioned Shares which have become Vested Optioned Shares as of the date of exercise in accordance with this paragraph (a).

  • Upon the occurrence of a Disposition Event (other than a Qualified Public Offering) prior to a Termination of Employment, 50% of the then Unvested Optioned Shares shall become Vested Optioned Shares.

  • In the event that a Base EBITDA Target is not met for either the 2008 or the 2009 fiscal year, such one third (1/3rd) of the original number of Performance Optioned Shares shall not become Vested Optioned Shares unless and until the Company meets the Base EBITDA Target for the following fiscal year.

  • On the first anniversary of the date hereof prior to a Termination of Employment, 25% of the Optioned Shares shall become “Vested Optioned Shares”, and on each Quarterly Vesting Date thereafter prior to a Termination of Employment, 6.25% of the Optioned Shares shall become “Vested Optioned Shares”, such that all of the Optioned Shares shall be Vested Optioned Shares as of and after November 1, 2006 if a Termination of Employment does not occur prior to such date.

  • On August 13, 2004, if a Termination of Employment does not occur prior to such date, 25% of the Optioned Shares shall become “Vested Optioned Shares”, and on each Quarterly Vesting Date thereafter prior to a Termination of Employment, 6.25% of the Optioned Shares shall become “Vested Optioned Shares”, such that all of the Optioned Shares shall be Vested Optioned Shares as of and after August 13, 2007 if a Termination of Employment does not occur prior to such date.

  • No portion of the Option shall be exercisable with respect to a fractional Share, and no fewer than one hundred (100) Vested Optioned Shares may be purchased in connection with the exercise of any portion of an Option (unless the remaining unexercised Vested Optioned Shares are fewer than one hundred (100)).

  • In no event shall the aggregate number of Vested Optioned Shares exceed the total number of Optioned Shares.

  • Any Vested Option may be exercised in accordance with the Rules, which govern the “Exercise Date” and require written notice on a Company form which states the election to exercise the Option and the total number of Vested Optioned Shares that are being exercised.

  • One twelfth (1/12th) of the remaining 1,498,726,409 Tenured Optioned Shares shall become “Vested Optioned Shares” upon the expiration of each three (3) month period after the Grant Date, such that all of the Tenured Optioned Shares shall be Vested Optioned Shares as of and after the third anniversary of the Grant Date, if the Option has not terminated prior to such date.

  • One twelfth (1/12th) of the remaining 666,100,626 Tenured Optioned Shares shall become “Vested Optioned Shares” upon the expiration of each three (3) month period after the Grant Date, such that all of the Tenured Optioned Shares shall be Vested Optioned Shares as of and after the third anniversary of the Grant Date, if the Option has not terminated prior to such date.