Accelerated Vesting of Option Sample Clauses

Accelerated Vesting of Option. Notwithstanding the provisions of Sections 1(a) or 1(b) hereof, the Option may become exercisable earlier than the time provided in such sections if any of the following circumstances apply:
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Accelerated Vesting of Option. Notwithstanding the provisions of Section 4 hereof, the Optionee’s right to exercise the Options covered by this Agreement will become immediately vested earlier than the time provided in such section upon the Optionee’s death or Disability that shall occur while the Optionee is an employee of the Company or a Subsidiary. For purposes of this Agreement, “Disability” shall mean (A) the Optionee’s incapacity due to physical or mental illness to substantially perform the Optionee’s duties and the essential functions of the Optionee’s position, with or without reasonable accommodation, on a full-time basis for six (6) months as determined by the Board in its reasonable discretion, and within thirty (30) days after a notice of termination is thereafter given by the Company or a Subsidiary, the Optionee shall not have returned to the full-time performance of the Optionee’s duties; or (B) the Optionee becomes eligible to receive benefits under the long-term disability plan of the Company or any Subsidiary; provided, however, if the Optionee shall not agree with a determination to terminate his employment because of Disability, the question of the Optionee’s disability shall be subject to the certification of a qualified medical doctor agreed to by the Company and the Optionee. The costs of such qualified medical doctor shall be paid for by the Company.
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Accelerated Vesting of Option. Notwithstanding the provisions of Section 4, the Optionee’s right to exercise the Options covered by this Agreement will become immediately vested earlier than the time provided in such section if any of the following circumstances apply:
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Accelerated Vesting of Option. Notwithstanding the vesting provisions in Section 4(a) hereof, without any action by the Board and to the extent that the Option has not already been exercised in full or otherwise terminated, expired or canceled, the Option shall become vested and immediately exercisable in full upon the occurrence of any of the following events if Optionee shall have been continuously employed by the Company or a parent or subsidiary thereof between the Date of Grant and the date when the specified event occurs:
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Accelerated Vesting of Option 
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Related to Accelerated Vesting of Option

  • Accelerated Vesting of Equity Awards One hundred percent (100%) of Executive’s then-outstanding and unvested Equity Awards will become vested in full. If, however, an outstanding Equity Award is to vest and/or the amount of the award to vest is to be determined based on the achievement of performance criteria, then the Equity Award will vest as to one hundred percent (100%) of the amount of the Equity Award assuming the performance criteria had been achieved at target levels for the relevant performance period(s).

  • Accelerated Vesting Notwithstanding the terms of any Award Agreement heretofore or hereafter granted to the Executive, in the event of a Change of Control, all Options and Restricted Stock granted to the Executive which do not constitute deferred compensation for Code Section 409A purposes shall become fully vested on the date of the Change of Control. The Executive shall have the right to exercise any such Options in a manner provided for in the applicable Award Agreement. In the event of any conflict between the terms of this Section 9(a) and the terms of any Award Agreement granted to the Executive, the terms of this Section 9(a) shall control and govern.

  • Vesting of Option The Option shall be 100% vested upon the date of grant.

  • Vesting of Options The Option shall vest (become exercisable) in accordance with the vesting schedule shown on page 1 of this Award Agreement. Notwithstanding the vesting schedule on page 1, the Option will also vest and become exercisable:

  • Stock Option Vesting The provisions of this Section 2.2(d) shall apply to any equity based awards under the Omnibus Plan, the defined terms of which are incorporated in this Section 2.2(d) by reference.

  • Option Vesting Options shall vest as follows:

  • Termination of Option and Accelerated Vesting This Option will terminate upon the expiration date, except as set forth in the following provisions:

  • Vesting of the Option Subject to the Participant’s continued service to the Company through the applicable vesting date and the terms of the Plan, the Option shall vest in equal installments on each of the first five (5) anniversaries of the Date of Grant, such that twenty percent (20%) of the Option vests on each such anniversary (each, a “Vesting Date”). At any time, the portion of the Option which has become vested in accordance with the terms hereof shall be called the “Vested Portion.”

  • Vesting of Award Subject to Section 2(b) below and the other terms and conditions of this Agreement, this Award shall become vested in three equal annual installments on the first, second and third anniversaries of the date hereof. Unless otherwise provided by the Company, all dividends and other amounts receivable in connection with any adjustments to the Shares under Section 4(c) of the Plan shall be subject to the vesting schedule in this Section 2(a).

  • Equity Vesting Acceleration Vesting acceleration (and exercisability, as applicable) as to 100% of the then-unvested shares subject to each of the Executive’s then-outstanding Company equity awards subject to only time-based (and not performance-based) vesting. In the case of equity awards with performance-based vesting, such awards will be treated as set forth in the applicable award agreement. For the avoidance of doubt, in the event of the Executive’s Qualifying Pre-CIC Termination, any unvested portion of the Executive’s then-outstanding equity awards will remain outstanding until the earlier of (x) ninety (90) days following the Qualifying Termination or (y) the occurrence of a Change in Control, solely so that any benefits due on a Qualifying Pre-CIC Termination can be provided if a Change in Control occurs within the ninety (90) day period following the Qualifying Termination (provided that in no event will the Executive’s stock options or similar equity awards remain outstanding beyond the equity award’s maximum term to expiration). If no Change in Control occurs within the ninety (90) day period following a Qualifying Termination, any unvested portion of the Executive’s equity awards automatically and permanently will be forfeited on the ninetieth (90th) day following the date of the Qualifying Termination without having vested.

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