Time-Based Options. Options to purchase 150,000 of the Option Shares (the "Time Based Options") shall vest in two equal installments ("Vesting Periods") each of which shall entitle the Employee to purchase 75,000 Option Shares. The Time Based Options shall vest as follows: Number of Vesting Date Option Shares January 31, 1998 75,000 January 31, 1999 75,000
Appears in 4 contracts
Samples: Stock Option Agreement (Celtic Investment Inc), Stock Option Agreement (Celtic Investment Inc), Stock Option Agreement (Celtic Investment Inc)
Time-Based Options. Options to purchase 150,000 of the Option Shares (the "Time ATime Based Options"Options@) shall vest in two equal installments ("Vesting Periods"AVesting Periods@) each of which shall entitle the Employee to purchase 75,000 Option Shares. The Time Based Options shall vest as follows: Number of Vesting Date Option Shares January 31, 1998 75,000 January 31, 1999 75,000
Appears in 2 contracts
Samples: Stock Option Agreement (Howell Reese S Jr), Stock Option Agreement (Davis Roger D)
