Vested Stock Option definition
Examples of Vested Stock Option in a sentence
If an applicable grantee terminates employment for any reason (other than as set forth in his or her specific grant or employment contract), all unvested grants from the Performance Vested Stock Option Pool will be forfeited upon such termination of employment.
The cash payment was equal to (1) $6.67 (the difference between the transaction value of $10.17 per share minus the exercise price of such Vested Option of $3.50) multiplied by (2) the number of shares of AmeriPath covered by such Vested Stock Option, less (3) any applicable withholding taxes.
The Performance Vested Stock Option Pool will be allocated and will initially vest based upon the attainment of performance criteria to be established by the Compensation Committee.
The subsequent vesting of allocated portions of the Performance Vested Stock Option Pool will also be subject to and conditioned upon the continuous employment of the applicable grantee(s), with ratable vesting of the allocated grants over the three years following the date(s) of allocation on each anniversary date.
Any Stock Option that is not a Vested Stock Option that is outstanding as of immediately prior to the Effective Time shall automatically be forfeited and cancelled without consideration, effective as of the Effective Time.