Vesting of Option if Business Relationship Continues. If the Participant has continued to serve the Company in the capacity of an employee, officer, director, consultant or advisor (such service is described herein as maintaining or being involved in a “Business Relationship” with the Company) on the following dates, subject to Section 3, the Participant may exercise this option for the number of shares of Common Stock set opposite the applicable date: One year but less than two years from the Grant Date – 25% of the Shares Two years but less than three years from the Grant Date – an additional 25% of the Shares Three years but less than four years from the Grant Date – an additional 25% of the Shares Four years from the Grant Date – an additional 25% of the Shares The foregoing rights are cumulative and, while the Participant continues to maintain a Business Relationship with the Company may be exercised on or before the Final Exercise Date. All of the foregoing rights are subject to Section 3, as appropriate, if the Participant ceases to maintain a Business Relationship with the Company or retires, dies, becomes disabled or undergoes dissolution while involved in a Business Relationship with the Company.
Vesting of Option if Business Relationship Continues. If the Optionee has continued to serve the Company, its parent (if any) and any present or future subsidiaries (each a "Related Corporation") in the capacity of an employee, officer, director or consultant (such service is described herein as maintaining or being involved in a "Business Relationship" with the Company) on the following dates, the Optionee may exercise this option for the number of shares of Common Stock set opposite the applicable date: Less than one year from the date hereof 0 shares One year but less than two years from the additional date thereof 3,000 shares Two years but less than an additional three years from the date hereof 3,000 shares Three years but less than an additional four years from the date hereof 3,000 shares Four years but less than an additional five years from the date hereof 3,000 shares The foregoing rights are cumulative and, while the Optionee continues to maintain a Business Relationship with the Company, may be exercised on or before the date which is 10 years minus one day, from the date this option is granted. All of the foregoing rights are subject to Sections 3, 4 and 16 as appropriate, if the Optionee ceases to maintain a Business Relationship with the Company, dies, becomes disabled or undergoes dissolution while involved in a Business Relationship with the Company or is terminated for cause.
Vesting of Option if Business Relationship Continues. The option granted pursuant to this Agreement is fully vested. While the Optionee continues to maintain a Business Relationship with the Company or any Related Corporation, the option granted pursuant to this Agreement may be exercised up to and including the date of November 15, 2014.
Vesting of Option if Business Relationship Continues. The Participant may exercise this option on or after the date of this option grant for the number of shares of Common Stock, if any, indicated on the cover page hereof. If the Participant has continued to serve the Company or any Subsidiary in the capacity of an employee, officer, director, advisor or consultant (such service is described herein as maintaining or being involved in a “Business Relationship with the Company”) through the dates listed on the vesting schedule set forth on the cover page hereof, the Participant may exercise this option for the additional number of shares of Common Stock set opposite the applicable vesting date. Notwithstanding the foregoing, the Board may, in its discretion, accelerate the date that any installment of this option becomes exercisable. The foregoing rights are cumulative and (subject to Sections 4 or 5 hereof if the Participant’s Business Relationship with the Company terminates) may be exercised only before the date which is ten years from the date of this option grant.
Vesting of Option if Business Relationship Continues. If the Non-Employee Director Optionee has continued to serve the Company or any Related Corporation in the capacity of director (such service is described herein as maintaining or being involved in a “Business Relationship” with the Company) on the following dates, this option will become exercisable (“vest”) as to 50% of the original number of Option Shares on the first anniversary of the Grant Date and as to an additional 50% of the original number of Option Shares on the second anniversary of the Grant Date. Notwithstanding the foregoing, in accordance with and subject to the provisions of the Plan, the Committee may, in its discretion, accelerate the date that any installment of this Option becomes exercisable, and this Option shall become immediately exercisable and fully vested upon the consummation of a Reorganization Event as defined in the Plan. The foregoing rights are cumulative and (subject to Sections 4 or 5 hereof if the Business Relationship between the Non-Employee Director Optionee and the Company or any Related Corporation terminates) may be exercised up to and including the date that is five years from the date this option is granted.
Vesting of Option if Business Relationship Continues. All of the Option Shares initially shall be unvested shares. For so long as the Optionee maintains continuous service to the Company or its Subsidiaries or Affiliates as an employee, officer, director or consultant (a “Business Relationship”) throughout the period beginning on the Grant Date and ending on the vesting date set forth below, the Option Shares shall become vested according to the schedule set forth below and the Optionee may exercise this option as to any vested shares, subject to Sections 4 and 5 hereof: Vesting Date Number of Vested Shares One year from the Vesting Start Date (the “Anniversary Date”) 25% of the Option Shares On the last day of each subsequent three-month period following the Anniversary Date 6.25% of the Option Shares Notwithstanding the foregoing, the Committee may, in its discretion, accelerate the date that any installment of this option becomes exercisable; provided that no installment of the option shall vest prior to the Anniversary Date. The foregoing rights are cumulative and (subject to Sections 4 or 5 hereof if the Optionee ceases to have a Business Relationship) may be exercised only before the date (the “Final Exercise Date”) which is five years from the Grant Date.
Vesting of Option if Business Relationship Continues. The Optionee may exercise this option on or after the date of this option grant for the number of shares of Common Stock, if any, set forth on the cover page hereof. If the Optionee has continuously maintained a Business Relationship (as defined below) with the Company through the dates listed on the vesting schedule set forth on the cover page hereof, the Optionee may exercise this option for the additional number of shares of Common Stock set opposite the applicable vesting date. Notwithstanding the foregoing, the Board may, in its discretion, accelerate the date that any installment of this option or portion thereof becomes exercisable. The foregoing rights are cumulative and may be exercised only before the date which is ten (10) years from the date of this option grant.
Vesting of Option if Business Relationship Continues. If the Optionee has continued to serve the Company or any Related Corporation in the capacity of an employee, officer, director or consultant (such service is described herein as maintaining or being involved in a “Business Relationship” with the Company) on the following dates, this option will become exercisable (“vest”) as to 25% of the original number of Option Shares on the first anniversary of the Grant Date and as to an additional 12.5% of the original number of Option Shares at the end of each successive six month period following the first anniversary of the Grant Date until the fourth anniversary of the Grant Date. Notwithstanding the foregoing, in accordance with and subject to the provisions of the Plan, the Committee may, in its discretion, accelerate the date that any installment of this Option becomes exercisable. The foregoing rights are cumulative and (subject to Sections 4 or 5 hereof if the Business Relationship between the Optionee and the Company or any Related Corporation terminates) may be exercised up to and including the date that is ten years from the date this option is granted.
Vesting of Option if Business Relationship Continues. The Participant may exercise this option on or after the Grant Date for the number of vested shares of Common Stock, if any, indicated on the cover page hereof. If the Participant has continuously maintained a business relationship with the Company from the Grant Date through the dates listed on the vesting schedule set forth on the cover page hereof, the Participant may exercise this option for the additional number of shares of Common Stock in accordance with such vesting schedule. Notwithstanding the foregoing, the Board may, in its discretion, accelerate the date that any installment of this option becomes exercisable. The foregoing rights are cumulative and (subject to Sections 4 or 5 hereof if the Participant ceases to maintain a business relationship with the Company) may be exercised only before the date which is [10] years from the Grant Date. For purposes hereof, “business relationship” means service in the capacity of an employee, officer or director of, or consultant or advisor to, the Company or any Subsidiary.
Vesting of Option if Business Relationship Continues. All of the option shares initially shall be unvested shares. For so long as the Optionee maintains a continuous service to the Company as an employee, officer, director or consultant (a “Business Relationship”) the option shares shall become vested according to the schedule set forth below and the Optionee may exercise this option as to any vested shares: Vesting Date
