Common use of Time Vesting Clause in Contracts

Time Vesting. Unless accelerated as otherwise provided in Section 6 of this Award Agreement or pursuant to a provision of the Plan, the Option shall become exercisable as to 250 Option Shares (one-quarter of the Option Shares) on November 30, 2008, 250 Option Shares (another one-quarter of the Option Shares) on November 30, 2009, and 250 Option Shares (another one-quarter of the Option Shares) on November 30, 2010 provided that the Optionee is employed on the relevant vesting dates.

Appears in 2 contracts

Samples: Award Agreement (HUGHES Telematics, Inc.), Award Agreement (HUGHES Telematics, Inc.)

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Time Vesting. Unless accelerated as otherwise provided in Section 6 of this Award Agreement or pursuant to a provision of the Plan, the Option shall become exercisable as to 250 150 Option Shares (one-quarter of the Option Shares) on November 30, 2008, 250 150 Option Shares (another one-quarter of the Option Shares) on November 30, 2009, and 250 150 Option Shares (another one-quarter of the Option Shares) on November 30, 2010 provided that the Optionee is employed on the relevant vesting dates.

Appears in 2 contracts

Samples: Award Agreement (HUGHES Telematics, Inc.), Award Agreement (HUGHES Telematics, Inc.)

Time Vesting. Unless accelerated as otherwise provided in Section 6 of this Award Agreement or pursuant to a provision of the Plan, the Option shall become exercisable as to 250 200 Option Shares (one-quarter sixth of the Option Shares) on November 30August 1, 20082007, 250 200 Option Shares (another one-quarter sixth of the Option Shares) on November 30August 1, 20092008, and 250 200 Option Shares (another one-quarter sixth of the Option Shares) on November 30August 1, 2010 2009 provided that the Optionee is employed on the relevant vesting dates.

Appears in 2 contracts

Samples: Award Agreement (HUGHES Telematics, Inc.), Award Agreement (HUGHES Telematics, Inc.)

Time Vesting. Unless accelerated as otherwise provided in Section 6 of this Award Agreement or pursuant to a provision of the Plan, the Option shall become exercisable as to 250 2,000 Option Shares (one-quarter of the Option Shares) on November 30, 2008, 250 2,000 Option Shares (another one-quarter of the Option Shares) on November 30, 2009, and 250 2,000 Option Shares (another one-quarter of the Option Shares) on November 30, 2010 provided that the Optionee is employed on the relevant vesting dates.

Appears in 1 contract

Samples: Award Agreement (HUGHES Telematics, Inc.)

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Time Vesting. Unless accelerated as otherwise provided in Section 6 of this Award Agreement or pursuant to a provision of the Plan, the Option shall become exercisable as to 250 1,500 Option Shares (one-quarter of the Option Shares) on November 30, 2008, 250 1,500 Option Shares (another one-quarter of the Option Shares) on November 30, 2009, and 250 1,500 Option Shares (another one-quarter of the Option Shares) on November 30, 2010 provided that the Optionee is employed on the relevant vesting dates.

Appears in 1 contract

Samples: Award Agreement (HUGHES Telematics, Inc.)

Time Vesting. Unless accelerated as otherwise provided in Section 6 of this Award Agreement or pursuant to a provision of the Plan, the Option shall become exercisable as to 250 200 Option Shares (one-quarter sixth of the Option Shares) on November 30April 9, 2008, 250 200 Option Shares (another one-quarter sixth of the Option Shares) on November 30April 9, 2009, and 250 200 Option Shares (another one-quarter sixth of the Option Shares) on November 30April 9, 2010 provided that the Optionee is employed on the relevant vesting dates.

Appears in 1 contract

Samples: Award Agreement (HUGHES Telematics, Inc.)

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