Vesting Exercise. Subject to the provisions of Section 8 below, the Holder's right to exercise all or any portion of the Option and receive the shares of Common Stock represented thereby shall become immediately exercisable upon the Effective Date.
Vesting Exercise. (a) Subject to Section 3(b), [the Option shall vest and become exercisable over a four-year period commencing on the Vesting Commencement Date, with 25% of the Option vesting on the one-year anniversary of the Vesting Commencement Date, and the remainder of the Option vesting in 36 equal installments beginning on the date that is the one-month anniversary of such one-year anniversary date, and each one-month anniversary date thereafter; provided, however, that the Participant has not experienced a Termination prior to each applicable vesting date.]
Vesting Exercise. (a) The Option shall vest and become exercisable in accordance with the vesting schedule set forth in the Grant Notice, provided that the Holder has not experienced a Termination of Service prior to the applicable vesting date. There shall be no proportionate or partial vesting in the periods prior to each vesting date and any vesting shall occur only on the applicable vesting date.
Vesting Exercise. As of the Issue Date, this Warrant shall be exercisable in full by Holder, and Holder may exercise this Warrant, in whole or in part, by delivering a duly executed Notice of Exercise in substantially the form attached as EXHIBIT A to the principal office of the Company. Unless Holder is exercising the conversion right set forth in Section 1.6, Holder shall also, concurrently with delivery of the Notice of Exercise, deliver to the Company a check or wire transfer in United States dollars for the aggregate Warrant Price for the Shares being purchased.
Vesting Exercise. (a) The Option shall vest and become exercisable:
Vesting Exercise. Except as otherwise provided below, this Option will vest according to the vesting schedule set forth on Exhibit A attached hereto. Notwithstanding anything contained herein or in Exhibit A to the contrary, if the Executive is an employee of the Company on the date of a Change in Control, this Option will vest as to all unvested shares of Common Stock covered hereby concurrently with the consummation of such Change in Control. The Executive shall be entitled to exercise this Option to acquire vested Common Stock at any time on or after the applicable date of vesting. If the Executive's employment is terminated by the Company with Cause at any time prior to a Change in Control, this Option shall terminate in its entirety and shall become void as to all shares of Common Stock for which this Option is unvested at the time of such termination.
Vesting Exercise. (a) Subject to Section 3(f), 50% of the shares of Common Stock subject to the Option shall vest and become exercisable upon the consummation of a Change in Control, if and only if the Change in Control Price Per Share Threshold is met, subject to the Participant’s continued employment through such Change in Control (the portion of the Option described in in this Section 3(a), the “Performance-Vesting Portion”); provided, however, if the Participant experiences a Termination without Cause or for Good Reason and a Change in Control occurs within six (6) months after such Termination, the applicable percentage of shares of Common Stock subject to the Option shall vest and become exercisable, to the extent that such Shares would have vested as of the Change in Control pursuant to this Section 3(a) had the Termination occurred on the date of the Change in Control. Any of the Performance-Vesting Portion that does not vest in connection with a Change in Control shall terminate and shall not be exercisable immediately after such Change in Control; provided, that if in connection with such Change in Control, with respect to the Common Stock, there is contingent right to receive cash and/or equity on or at a future date or time under Section 3(d)(i)(C), then the Performance-Vesting Portion that is unvested as of the date of such Change in Control shall remain outstanding and eligible to become vested solely upon any applicable Contingent Right Payment Date with respect to such contingent right in accordance with the performance criteria set forth in this Section 3(a) through the final applicable Contingent Right Payment Date, subject to the Participant’s continued employment with any of the Company Entities through the applicable Contingent Right Payment Date; the Performance-Vesting Portion that remains unvested as of the final Contingent Right Payment Date shall be forfeited immediately following such Contingent Right Payment Date. Notwithstanding the foregoing in this Section 3(a), if a Participant experiences a Termination without Cause or for Good Reason, in each case, following a Change in Control, and in connection with such Change in Control, the Common Stock received a contingent right to receive cash and/or equity on or at a future date or time under Section 3(d)(i)(C) and the final Contingent Right Payment Date with respect to such contingent right has not occurred as of such Termination, then the Performance-Vesting Portion that is unvested as of the dat...
Vesting Exercise. 5.1 Except as otherwise provided in Paragraph 4 hereof, the Option shall become exercisable with respect to the number of Option Shares specified in accordance with the vesting schedule set forth above, except that no single exercise of the Option may be for less than 100 Option Shares, unless at the time of the exercise, the maximum number of Option Shares available for purchase under the Option is less than 100 Option Shares, in which event the Option must be exercised, if at all, for all of the Option Shares. In no event is the Option to be exercised for a fractional Option Share. Once exercisable, the Option shall continue to be exercisable at any time or times prior to the Expiration Date or the time set forth in Paragraph 4 above, subject to the provisions hereof and of the Plan.
Vesting Exercise. (a) The rights represented by this Warrant will vest and may be exercised by the Holder for the number of Warrant Shares and at the times set forth in the following schedule: NUMBER OF WARRANT SHARES VESTING DATE 518,750 shares On the date hereof 43,750 shares July 1, 2000 43,750 shares October 1, 2000 43,750 shares January 1, 2001 Notwithstanding the foregoing, with respect to Warrants with possible vesting dates after the date hereof, such Warrants will not vest nor be exercisable if, as of the relevant date, New Century Mortgage Corporation ("NCMC") has repaid all amounts owed to U.S. Bank National Association pursuant to the Subordinated Loan Agreement dated as of April 28, 2000 by and between U.S. Bank National Association and NCMC and the Second Amended and Restated Subordinated Promissory Note dated as of April 28, 2000 made by NCMC to U.S. Bank National Association. Warrants that fail to vest on the applicable vesting date in accordance with the immediately preceding sentence shall terminate as of such date and shall be of no further force and effect.
