Vesting of the Options. (a) Subject to earlier expiration or termination as provided herein, the Options will be vested and exercisable based on the vesting criteria set forth in the attached Exhibit A.
Vesting of the Options. Except as otherwise specifically provided in this Agreement, after your employment or service with the Company has terminated for any reason, the vesting of the Options shall cease immediately.
Vesting of the Options. (a) Subject to the Participant’s continued Services with the Company and its Affiliates, the Option shall vest and become exercisable with respect to one-third (1/3) of the Shares subject to such Time Option on each of the first three anniversaries of the Date of Grant. Notwithstanding the foregoing, in the event of a Change of Control that occurs during the Participant’s Services with the Company and its Affiliates, the Option shall, to the extent not then vested or previously forfeited or cancelled, become fully vested and exercisable.
Vesting of the Options. The Options will vest as follows: ----------------------
Vesting of the Options. Each Option granted to Consultant shall vest immediately upon its grant (as applicable) and shall be in effect for a period of three (3) years commencing as of the date of its grant and shall expire immediately thereafter (the “Termination Date”).
Vesting of the Options. The Options will vest as follows:
Vesting of the Options. This provision supplements Section 3.1 of the Agreement. 25% of the Options will vest on the first anniversary of the Start Date. The remaining 75% of the Options will then vest annually, in equal proportions on the second, third and fourth anniversaries of the Start Date, over the following three years. Exercise of the Options This provision supplements Section 3 of the Agreement. If the Options vest when the Fair Market Value per Share is equal to or less than the Option Price (i.e., the Options are “underwater” on the vesting date), the Optionee shall not be permitted to exercise the vested Options. Due to tax laws in Australia, if the Options are underwater on any vesting date, the vested Options may be exercised only once the Fair Market Value per Share has exceeded the Option Price for a period of ten consecutive trading days. Furthermore, notwithstanding the Expiration Date set forth in the Agreement, this Options shall automatically expire in the event that the Options have not become exercisable pursuant to the preceding sentence within six years and 11 months following the date of grant. For the avoidance of doubt, this entire provision applies equally to any unvested Options held by the Optionee if the Optionee transfers to Australia after the grant of the Options, unless otherwise determined by the Company in its sole discretion. Notifications
Vesting of the Options. At any time, the portion of the Options that have become vested and exercisable as described in this Section 2 is referred to as the "Vested Portion.”
Vesting of the Options. The Options shall vest in equal increments of 20% per year beginning on 31 March 2005 and each anniversary thereof ending on 31 March 2009, subject to your remaining in continuous employment or service with Headwaters or any of its subsidiaries, including the Company, as required by the Option Agreement. After your employment or service with Headwaters or any of its subsidiaries, including the Company has terminated, the vesting of the Options shall cease immediately; provided, that if your employment or service with Headwaters or any of its subsidiaries, including the Company, has terminated for reason of Disability or death or without Cause or for Good Reason (as such terms are defined below), any unvested Options shall immediately vest upon the occurrence of said event.
Vesting of the Options. (i) 125,000 Options will vest on the sooner of (a) the first date following ten (10) consecutive trading days during which the Common Stock trades at a value of at least $2.50 per Share as adjusted for any stock combination, stock dividend, stock split or other recapitalization event occurring with respect to the Company's Common Stock (a "Recapitalization"); or (b) five (5) ---------------- years from the date of grant.
