Time Options Clause Samples

Time Options. Each of the Time Options shall become vested and exercisable with respect to 20% of the Shares subject to each such Option on each of the first five anniversaries of the Closing Date.

Time Options. The vesting of the stock options granted under the Company's 1997 stock option plan is hereby accelerated by the action of the Board of Directors to May 15, 1998. In addition, the entire Time Options section is hereby changed to: "Employee shall be granted, under the Company's 1998 stock option plan, incentive stock options ("Time Options") to purchase 12,568 shares of the Company's Common Stock at an exercise price of $1.44 per share. The Time Options will vest in equal installments on June 1, 1999, June 1, 2000, and May 31, 2001 which shall be evidenced by a stock option agreement (such Time Options shall be subject to adjustment in the event of a re-capitalization, stock split, rights offering, stock dividend). Sale of the shares of Common Stock issued to Employee upon the exercise of the Time Options may be subject to limitations pursuant to Rule 144 under the Securities Act of 1933. The Time Options shall be exercisable for a period of five (5) years from June 1, 1998. However, in the event this Agreement is terminated for cause or in the event Employee resigns from the employment of the Company, the vested Time Options shall be exercisable for a period of three (3) months from the date of such termination or resignation."

Time Options. 602.90 of the Time Options (as such term is defined in the Option Agreement) held by ▇▇▇▇▇ will be forfeited upon the Retirement Date. 904.35 of the Time Options held by ▇▇▇▇▇ shall be vested as of the Retirement Date. Notwithstanding Section 4 of the Option Agreement, such vested Time Options shall expire on the earlier of (x) the Expiration Date (as such term is defined in the Option Agreement) or (y) such earlier date that ▇▇▇▇▇ (1) engages in “Competitive Activity” (as defined in the MESA) or (2) otherwise breaches any restrictive covenant in Article III of the Employment Agreement, Section 5 of the Option Agreement, Section 4.2(iv)-(v) of the MESA or Article IV herein.

Time Options. Unless otherwise provided in this Agreement, the Time Options shall become exercisable as follows:

Time Options. With respect to the options to purchase PTS Shares (the “Options”) subject to your nonqualified stock option agreement, effective as of May 7, 2007, as amended (the “2007 Option Agreement”) and your nonqualified stock option agreement, effective as of October 23, 2009 (the “2009 Option Agreement”, together with the 2007 Option Agreement, the “Option Agreements”), notwithstanding anything in the Option Agreements to the contrary, you will have:

Time Options. 11am-2pm 2:15-5:15pm 5:30-8:30pm Bronze Package—$1000 Silver Package—$1,250 Gold Package—$2,500 Event Facility Coordinator $500/day Platinum Package—$3,000 Bride and Groom Rooms—$100/each *We advise your group to identify at least one person who is CRP/First Aid certified (from a nationally recognized provider) to be on call for emergency care while on the property. As the person submitting this application for the above named group, I have read and agree to follow the Group Rental Guidelines and Rules, as listed in the Group Rental Guide book, available at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ and hard copy at camp. Furthermore, I assume responsibility for supervision of the group, its behavior, and any specialized recreation activities. I will provide orientation to the camp’s safety procedures and regulations as outlined in the available Group Rental Guide book. We understand that there are inherent risks involved in the use of this facility in an outdoor setting. We release the university of Kentucky, 4-H, its members, trustees, officers, and employees from any liability for accidents or injury that any of our group may experience while renting the facility. Signature of Group Leader: Date: Signature of Supervising Agent (for Extension Sponsored Event) Date: OFFICIAL USE ONLY: Are you a Cooperative Extension Group? YES No If Yes, Name & County Supervising Extension Agent: Person in Charge: Complete Address: Cell Phone:

Time Options. A portion of the Time Options shall vest and become exercisable on each of the first four anniversaries of the Grant Date as described below, subject to your continued employment with the Company as of the applicable anniversary date, provided that the “Fourth Anniversary” in the table below shall be the day before the actual fourth anniversary of the Grant Date. Grant Date Anniversary Number of Time Options That Vest First Anniversary 1,125,000 Second Anniversary 1,125,000 Third Anniversary 125,000 Fourth Anniversary 1,125,000

Time Options. Percentage Vesting Date ---------- ------------ 25% First anniversary of date of grant 25% Second anniversary of date of grant 25% Third anniversary of date of grant 25% Fourth anniversary of date of grant

Time Options. In the event of an occurrence of a Liquidity Event or an Optional Contingent Redemption (as defined in the Certificate of Designations) of Convertible Participating Preferred Stock (an "OCR"), all unvested Time Options shall become fully vested and exercisable.