Time Vesting Options Sample Clauses

Time Vesting Options. 12.5% of the Stock Options shall vest on each of December 31, 2008, December 31, 2009, December 31, 2010, and December 31, 2011 (aggregating 50% of the Stock Options) if Executive is employed by the Company and in good standing as of such respective dates.

Time Vesting Options. On February 1st of each calendar year during the term of this Agreement or the first day thereafter that the Company is permitted to make option grants to executives of the Company (each, a “Grant Date”), Executive shall receive a grant of stock options (“Time Vested Options”) to purchase Common Shares (“Shares”) of iAnthus Capital Holdings, Inc. (“Holdings”) pursuant to the iAnthus Capital Holdings, Inc. Amended and Restated Omnibus Incentive Plan (the “Plan”) with a value (the “Option Value”) equal to One Million Sixty-Six Thousand Six Hundred and Sixty-Seven Dollars ($1,066,667.00) per annum minus the value of the current year Base Salary, which shall be incentive stock options to the maximum extent permitted. The exercise price of the Time Vested Option shall by equal to the Fair Market Value (as defined in the Plan), shall expire ten years after the Grant Date and shall vest in 12 equal quarterly installments commencing on the last day of the calendar quarter following the Grant Date and otherwise pursuant to the terms and conditions of Holdings’ form of Award Agreement (as defined in the plan). Executive acknowledges that the options to purchase 206,506 Common Shares on August 6th, 2019 reflect the Time Vested Option grants for calendar year 2019. The Executive acknowledges that the Company may satisfy the obligation of Time Vested Options by a grant of stock options or restricted stock units.”

Time Vesting Options. Fifty percent (50%) of New Options will vest at the rate of 1/3 per year over a three (3) year period. Vesting will occur 1/3 on July 28, 2006 and the balance will vest in quarterly installments over the following two (2) year period.

Time Vesting Options. The Company shall grant to Executive options to purchase all or any portion of 200,000 shares of the common stock of the Company, which shall vest in three (3) equal annual installments on each anniversary of the date of grant, subject to such other terms and conditions set forth herein and in the Time-Vesting Option Agreement.

Time Vesting Options. 25% of the Time Vesting Options shall become Vested Options on December 31, 2001, an additional 25% shall become vested on each of the three anniversaries of December 31, 2001 if the Executive is employed by the Company on each of such dates.

Time Vesting Options. On February 1st of each calendar year during the term of this Agreement or the first day thereafter that the Company is permitted to make option grants to executives of the Company (each, a “Grant Date”), Executive shall receive a grant of stock options (“Time Vested Options”) to purchase Common Shares (“Shares”) of iAnthus Capital Holdings, Inc. (“Holdings”) pursuant to the iAnthus Capital Holdings, Inc. Amended and Restated Omnibus Incentive Plan (the “Plan”) with a value (the “Option Value”) equal to Eight Hundred Thousand Dollars ($800,000.00) per annum minus the value of the current year Base Salary, which shall be incentive stock options to the maximum extent permitted. The exercise price of the Time Vested Option shall by equal to the Fair Market Value (as defined in the Plan), shall expire ten years after the Grant Date and shall vest in 12 equal quarterly installments commencing on the last day of the calendar quarter following the Grant Date and otherwise pursuant to the terms and conditions of Holdings’ form of Award Agreement (as defined in the plan). Executive acknowledges that the options to purchase 170,368 Common Shares on August 6th, 2019 reflect the Time Vested Option grants for calendar year 2019. The Executive acknowledges that the Company may satisfy the obligation of Time Vested Options by a grant of stock options or restricted stock units.”

Time Vesting Options. Twenty-One Thousand (21,000) shares shall become exercisable monthly during each calendar year of service in the Executive Positions for the next four (4) years (1,008,000 shares in the aggregate).

Time Vesting Options. The parties acknowledge that 26,250 Time Vesting Options vested on May 29, 2003.

Time Vesting Options. Subject to the terms of the Plan and the provisions of Section 3(b) and Section 3(c) hereof, the Time Vesting Options shall vest and become exercisable as follows, provided that the Participant has not incurred a Termination prior to each such vesting date: