Common use of Vesting Termination of Employment Clause in Contracts

Vesting Termination of Employment. (a) Subject to the earlier termination or cancellation of the Option as set forth herein or in the Plan, the Option is eligible to vest and become exercisable with respect to Shares for each of the Company’s 2007, 2008, 2009 and 2010 calendar years and for the Company’s 2011 calendar year if the EBITDA target attached hereto as Exhibit A (the “Target”) for such year is achieved, such vesting to occur, if at all, on the date that the Company’s audited financial statements for the applicable calendar year are presented to the Committee, and only if the Participant’s Employment did not terminate prior to December thirty-one (31) of the applicable calendar year, and as set forth below:

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Hawker Beechcraft Quality Support Co), Nonqualified Stock Option Agreement (Hawker Beechcraft Quality Support Co)

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Vesting Termination of Employment. (a) Subject to the earlier termination or cancellation of the Option as set forth herein or in the Plan, the Option is eligible to vest and become exercisable with respect to *******.* Shares for each of the Company’s 2007****, 2008****, 2009 ****, **** and 2010 ****calendar years and for the Company’s 2011 calendar year if the EBITDA target attached hereto as Exhibit A (the “Target”) for such year is achieved, such vesting to occur, if at all, on the date that the Company’s audited financial statements for the applicable calendar year are presented to the Committee, and only if the Participant’s Employment did not terminate prior to December thirty-one (31) of the applicable calendar year, and as set forth below:

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Hawker Beechcraft Acquisition Co LLC)

Vesting Termination of Employment. (a) Subject to the earlier termination or cancellation of the Option as set forth herein or in the Plan, the Option is eligible to vest and become exercisable with respect to *******.* Shares for each of the Company’s 2007****, 2008****, 2009 ****, **** and 2010 **** calendar years and for the Company’s 2011 calendar year if the EBITDA target attached hereto as Exhibit A (the “Target”) for such year is achieved, such vesting to occur, if at all, on the date that the Company’s audited financial statements for the applicable calendar year are presented to the Committee, and only if the Participant’s Employment did not terminate prior to December thirty-one (31) of the applicable calendar year, and as set forth below:

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Hawker Beechcraft Acquisition Co LLC)

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Vesting Termination of Employment. (a) Subject to the earlier termination or cancellation of the Option as set forth herein or in the Plan, the Option is eligible to vest and become exercisable with respect to 142,420.7 Shares for each of the Company’s 2007, 2008, 2009 and 2010 calendar years and 142,420.9 for the Company’s 2011 calendar year if the EBITDA target attached hereto as Exhibit A (the “Target”) for such year is achieved, such vesting to occur, if at all, on the date that the Company’s audited financial statements for the applicable calendar year are presented to the Committee, and only if the Participant’s Employment did not terminate prior to December thirty-one (31) of the applicable calendar year, and as set forth below:

Appears in 1 contract

Samples: Agreement (Hawker Beechcraft Quality Support Co)

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