Fourth Anniversary Sample Clauses

Fourth Anniversary. On the fourth anniversary date of this Agreement an additional __________ of the Optioned Shares will vest provided that Grantee provides services to the Company or a subsidiary of the Company on a continuous basis until such anniversary date. Notwithstanding the foregoing, all Optioned Shares shall vest at such time as there shall have commenced the first regular sales of Company pharmaceutical products for consumer use in the United States in commercially significant quantities, whether such sales are effected directly by the Company or indirectly through a licensee or other intermediary, provided the Grantee continues to provide services to the Company or a subsidiary of the Company at such time. If the Company or its subsidiaries shall terminate Grantee's employment for any reason (other than the failure of Grantee substantially to perform his duties pursuant thereto) with the effect that Grantee shall cease to be in the employ of the Company or its subsidiaries prior to the time that all Optioned Shares shall have vested, then such number of Optioned Shares shall vest on the date of termination as would have vested on the next ensuing anniversary of this Agreement which would have occurred but for such termination of employment.
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Fourth Anniversary. On the fourth anniversary date of this Agreement, an additional quarter of the Optioned Shares will vest provided that Grantee continues to render Services to the Company or a subsidiary of the Company on such date. If the Company and its subsidiaries shall terminate Grantee's Services for any reason (other than the failure of Grantee substantially to perform his duties) with the effect that Grantee shall cease to render Services to the Company and its subsidiaries prior to the time that all Optioned Shares shall have vested, then such number of Optioned Shares shall vest on the date of termination as would have vested on the next ensuing anniversary (or other vesting date) of this Agreement which would have occurred but for such termination.
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Related to Fourth Anniversary

  • CONTRACT ANNIVERSARY An anniversary of the Contract Date.

  • FIFTH The Distributor shall act as an agent of the Company in connection with the sale and redemption of Shares. Except with respect to such sales and redemptions, the Distributor shall act as principal in all matters relating to the promotion of the sale of Shares and shall enter into all of its own engagements, agreements and contracts as principal on its own account. The Distributor shall enter into agreements with investment dealers and financial institutions selected by the Distributor, authorizing such investment dealers and financial institutions to offer and sell the Shares to the public upon the terms and conditions set forth therein, which shall not be inconsistent with the provisions of this Agreement. Each agreement shall provide that the investment dealer or financial institution shall act as a principal, and not as an agent, of the Company.

  • Anniversary Date A regular employee’s initial date of current employment with the Employer as a regular employee shall be her anniversary date for the purpose of determining benefits and for the purpose of determining increment anniversary date. (Reference Article 6.05 - Superior Benefits and Article 12.03 - Increments).

  • Anniversary Fee A fully earned, non refundable anniversary fee of Twenty Seven Thousand Five Hundred Dollars ($27,500), payable on the date that is three hundred sixty five (365) days after the Effective Date

  • TENTH (A) In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard of obligations or duties hereunder on the part of the Distributor, the Company on behalf of the Portfolios agrees to indemnify the Distributor against any and all claims, demands, liabilities and expenses which the Distributor may incur under the Securities Act of 1933, or common law or otherwise, arising out of or based upon any alleged untrue statement of a material fact contained in any registration statement or prospectus of the Portfolios, or any omission to state a material fact therein, the omission of which makes any statement contained therein misleading, unless such statement or omission was made in reliance upon, and in conformity with, information furnished to the Company or Portfolio in connection therewith by or on behalf of the Distributor. The Distributor agrees to indemnify the Company and the Portfolios against any and all claims, demands, liabilities and expenses which the Company or the Portfolios may incur arising out of or based upon any act or deed of the Distributor or its sales representatives which has not been authorized by the Company or the Portfolios in its prospectus or in this Agreement.

  • Termination Date The Executive’s “Termination Date” shall be:

  • Grant Date The Grant Date of the Option hereby granted is .

  • Termination Upon Expiration Date The Trust shall automatically terminate on December 31, 20__ (the "Expiration Date") or earlier pursuant to Section 9.02.

  • Anniversary Dates Except as may otherwise be provided for in deep class resolutions, anniversary dates will be set as follows:

  • Expiration Date Each Letter of Credit shall expire at or prior to the close of business on the earlier of (i) the date one year after the date of the issuance of such Letter of Credit (or, in the case of any renewal or extension thereof, one year after such renewal or extension) and (ii) the date that is five Business Days prior to the Maturity Date.

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