Vesting of Option Sample Clauses

Vesting of Option. (a) Subject to the provisions of the Plan and the provision of this Agreement (including the requirement in Section 6 that Optionee continue to be employed by the Company on the dates set forth below), the Option will be exercisable in accordance with the following schedule: (i) on the first anniversary of the Grant Date the Option will vest with respect to, and may be exercised for up to, one-fourth (1/4th) of the total number of shares of the Stock covered by the Option as set forth on the first page of this Agreement (the “Option Shares”); (ii) on each succeeding anniversary of the Grant Date the Option will vest with respect to, and may be exercised for up to, an additional one-fourth (1/4th) of the Option Shares so that on the fourth anniversary of the Grant Date the Option shall be fully vested and exercisable in full; and (iii) to the extent not exercised, installments shall be cumulative and may be exercised in whole or in part. (b) If (i) a “change of control event,” as defined in the Treasury Regulations issued under Section 409A of the Code occurs with respect to the Company (a “Change of Control”), (ii) the acquirer or successor of the Company assumes this Agreement, and (iii) the acquirer or successor of the Company terminates Optionee’s employment without Cause (as that term is defined in that Employment Agreement dated effective as of , between the Company and Optionee), other than for death or Disability, on or within two years after the date of the Change of Control, Optionee’s rights to all of the shares of stock covered by the award issued in connection with the assumption of the Option will vest, and such award shall be exercisable in full, on the date Optionee’s employment is so terminated. If this Agreement is not assumed by the acquirer or successor of the Company in connection with a Change of Control then the Option will vest with respect to, and may be exercised for up to, all of the Option Shares immediately prior to the occurrence of the Change of Control.

Vesting of Option. The Option shall be 100% vested upon the date of grant.

Vesting of Option. The Option shall vest and be exercisable according to the following schedule:

Vesting of Option. Subject to the terms and provisions hereof, including section 5 hereof, and the Plan, the Option shall vest and the Grantee may exercise the Option in accordance with the vesting schedule set forth in Schedule 1 (the “Vesting Schedule”). Notwithstanding the foregoing or any other provision of this Agreement or the Plan, if (i) the Grantee is a party to an Executive Retention Employment Agreement with the Company (as amended from time to time, “Retention Agreement”) and has not waived his or her rights, either entirely or in pertinent part, under the Retention Agreement, and (ii) the Effective Date (as defined in the Retention Agreement) has occurred and the Employment Period (as defined in the Retention Agreement) has commenced and has not terminated pursuant to section 3(b) of the Retention Agreement, then, so long as the Grantee is providing Service, the then-unvested portion of the Option shall vest upon a Change of Control (as defined in the Retention Agreement ), instead of in accordance with the vesting schedule set forth in Schedule 1. Notwithstanding the foregoing or any other provision of this Agreement or the Plan, if (i) the Grantee is not a party to a Retention Agreement with the Company, upon the occurrence of a Change in Control (as defined, as of the date hereof, in the Plan for all purposes of this Agreement) then, so long as the Grantee is still providing Service on the date of such occurrence, the then-unvested portion of the Option shall vest upon such Change in Control, instead of in accordance with the vesting schedule set forth in Schedule 1, and (ii) the Grantee’s Service is terminated other than for Cause during the 24-month period following a Change in Control, the portion of the Option that remains outstanding on the date of such termination may thereafter be exercised by the Grantee until the earlier of the second anniversary of the date of such termination or the expiration of the term of the Option. If, as a result of a Change in Control, the shares of Stock are exchanged for or converted into a different form of equity security and/or the right to receive other property (including cash), the Option may be exercised, to the maximum extent practicable, in the same form.

Vesting of Option. Unless the exercisability of the Option is accelerated in accordance with Article 9 of the Plan, the Option shall vest (become exercisable) in accordance with the following schedule: Cumulative No. of No. of Option Shares Option Shares Vested on Vesting Date Vested on Vesting Date Vesting Date ------------ ---------------------- ----------------------- 1st anniversary of grant date 25% 25% 2nd anniversary of grant date 25% 50% 3rd anniversary of grant date 25% 75% 4th anniversary of grant date 25% 100%

Vesting of Option. Subject to the provisions of Sections 7 and 8 hereof, this Option shall become exercisable during the term that Optionee serves as a Director of the Company in five (5) equal annual installments of twenty percent (20%) of the Shares covered by this Option, the first installment to be exercisable on the first anniversary of the date of this Option, with an additional twenty percent (20%) of such Shares becoming exercisable on each of the four (4) successive anniversary dates. The installments shall be cumulative (i.e., this option may be exercised, as to any or all shares covered by an installment, at any time or times after an installment becomes exercisable and until expiration or termination of this Option).

Vesting of Option. The Option shall vest and become exercisable in accordance with the schedule below: - 33 1 3% of the Option grant shall become exercisable on May 12, 2001; - an additional 33 1/3% of the Option grant shall become exercisable on May 12, 2002; and - the final 33 1/3% of the Option grant shall become exercisable on May 12, 2003.

Vesting of Option. The Option shall vest and become exercisable according to the vesting schedule set forth in the Grant Notice.

Vesting of Option. Subject to the provisions of Paragraphs 5 and 6 hereof, this Option shall vest and become exercisable during the term of Optionee's employment or engagement in whole or in part beginning on the date of this Agreement.

Vesting of Option. Except as otherwise set forth herein, the Option shall be exercisable by Optionee or his/her personal representative on and after the first anniversary of the Date of Grant in cumulative annual installments of one-third of the number of Shares covered hereby.