Vested Portion definition
Vested Portion means, at any time, the portion of an Option which has become vested, as described in Section 3 of this Agreement.
Vested Portion means the portion of the Accounts in which the Member has a nonforfeitable interest as provided in Article 6.
Vested Portion of the Option shall mean one hundred percent (100%) of the total number of shares of Common Stock set forth in paragraph 1 hereof.
Examples of Vested Portion in a sentence
If the Executive exercises an Option contained in any part of the Vested Portion within one (1) year of that part becoming Vested (such period being the “Retention Period”) then the Executive shall be required to retain and not transfer or otherwise dispose of the Net Number of Shares the Executive acquires on such exercise before the end of the Retention Period.
More Definitions of Vested Portion
Vested Portion means that number of Shares covered by a Converted Option in respect of which the Converted Option may be exercised at any given time, as determined in paragraph 7 below; and
Vested Portion has the meaning ascribed thereto in Section 3(b) of this Agreement.
Vested Portion means the portion of the Accounts in which the Member has a nonforfeitable interest as provided in Article 6 or, if applicable, Section 13.05.
Vested Portion means, at any time, the portion of the SSARs which have become vested, as described in Section 3 of this Agreement.
Vested Portion means, at any time, the portion of the Option which has become and remains vested in accordance with the Grant Notice and this Agreement.
Vested Portion of the Option means that portion which: (i) shall have become exercisable pursuant to the terms of this Agreement; (ii) shall not have been previously exercised; and (iii) shall not have expired, been forfeited or otherwise canceled in accordance with the terms hereof or the Plan. For purposes of this Agreement, the term “Non-Vested Portion” of the Option means that portion of the Option that is not vested or exercisable and which has not otherwise expired, been forfeited or canceled in accordance with the terms hereof or the Plan.
Vested Portion shall be determined by multiplying the number of shares of Common Stock awarded as Restricted Stock to the Grantee by the applicable vesting percentage contained in Section 4 below.