Service Options and Vested Performance Options Sample Clauses

Service Options and Vested Performance Options. Subject to ---------------------------------------------- Section 9(d), in the event of a Change in Control prior to the fifth anniversary of the Grant Date, (i) each then outstanding Service Option (regardless of - whether such Service Option is at such time otherwise exercisable), (ii) each -- then outstanding Performance Option that shall have become vested and exercisable in accordance with Section 3(b) hereof prior to the Change in Control, if any, and (iii) an additional one fifth of each tranche of the --- Performance Options shall be canceled in exchange for a payment in cash of an amount equal to the excess, if any, of (i) the product of the Change in Control - Price multiplied by the aggregate number of Shares covered by all such Options, (ii) over the aggregate Option Price for all such Options. --
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Service Options and Vested Performance Options. Subject to Section 9(d), in the event of a Change in Control, all of the Included Options (as defined in Section 9(b) below) shall be canceled in exchange for a payment in accordance with Section 9(c) of an amount equal to the excess, if any, of (i) the product of the Change in Control Price multiplied by the aggregate number of Shares covered by all such Included Options immediately prior to the Change in Control, (ii) over the aggregate Option Price for all such Shares. Performance Options that are not Included Options, if any, shall automatically terminate and be canceled upon the consummation of the transaction constituting the Change in Control.
Sample 1
Service Options and Vested Performance Options. In the event of a Change in Control, each then outstanding (i) Service Option, (ii) Performance Option and (iii) if such Change in Control occurs on or before the third anniversary of The Grant Date, Special Performance Option, (regardless of whether at such time otherwise exercisable) shall be canceled in exchange for a payment in cash of an amount equal to the excess, if any, of (i) the product of the Change in Control Price multiplied by the aggregate number of Shares covered by all such Options, (ii) over the aggregate Option Price for all such Options. Any Options that have not so vested shall be cancelled upon a Change in Control.
Sample 1

Related to Service Options and Vested Performance Options

  • Performance Options “Performance Option(s)” shall mean the portion of the Option designated as Performance Options in the Grant Notice.

  • Performance Option If the Company, on a consolidated basis, achieves its annual EBITDA targets as set forth in Schedule A attached hereto (each an “EBITDA Target” or “Annual Performance Target”) for the applicable given Fiscal Year, then the Performance Option shall be eligible to become vested and exercisable as to a percentage of the Shares subject to such Option at the end of each of the six Fiscal Years as follows:

  • Time Option An Option with respect to which the terms and conditions are set forth in Section 3(a) of this Agreement.

  • Performance Vesting Within sixty (60) days following the completion of the Performance Period, the Plan Administrator shall determine the applicable number of Performance Shares in accordance with the provisions of the Award Notice and Schedule I attached thereto.

  • Accelerated Vesting of Equity Awards One hundred percent (100%) of Executive’s then-outstanding and unvested Equity Awards will become vested in full. If, however, an outstanding Equity Award is to vest and/or the amount of the award to vest is to be determined based on the achievement of performance criteria, then the Equity Award will vest as to one hundred percent (100%) of the amount of the Equity Award assuming the performance criteria had been achieved at target levels for the relevant performance period(s).

  • Service Vesting Except as otherwise provided in this Section 3, the Restricted Shares will be forfeited as to the unvested portion of the Award if the Participant does not remain continuously in the employment of the Company through the specified lapsing dates set forth in Section 2 above.

  • Time Vesting Subject to Sections 5(b) and 6 below, the RSUs will vest and become nonforfeitable in accordance with and subject to the vesting schedule set forth on Exhibit A attached hereto, subject to the Participant’s continued status as a Service Provider on the applicable vesting date.

  • Vesting of Equity Awards Notwithstanding the provisions of any plan or agreement governing such an Award (as defined in Section 4(c)), all Awards granted to you that remain outstanding and unvested immediately prior to the occurrence of a Change in Control (as defined in Section 4(d)(i)) automatically shall vest in full upon the occurrence of the Change in Control.

  • Committee Discretion to Accelerate Vesting Notwithstanding the foregoing, the Committee may, in its sole discretion, provide for accelerated vesting of the Option at any time and for any reason.

  • Vesting of Performance Shares As long as you remain employed with PG&E Corporation, the Performance Shares will vest on the first business day of March (the “Vesting Date”) of the third year following the date of grant specified in the cover sheet. Except as described below, all Performance Shares subject to this Agreement that have not vested shall be forfeited upon termination of your employment.

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