Stock Options and RSUs. Executive shall be eligible to participate in any stock option plan that Fenix may adopt, pursuant to which, in the discretion of Fenix’s board of directors (or of the committee of the board administering the plan for executive officers and senior management), Executive may be granted (i) options to purchase shares of Fenix common stock or (ii) restricted stock units to be settled in shares of Fenix common stock or cash, or a combination of the two. The parties anticipate that (i) the exercise price of any option granted to Executive would be the closing price of Fenix common stock on the date of the option grant (the “grant date”) and that (ii) the option would vest over four years, with 25% of the option shares vesting on each of the first four anniversaries of the grant date. The parties anticipate that any award of restricted stock units to Executive would vest in a similar manner.
Stock Options and RSUs. Executive shall be eligible to participate in any stock option plan that Parent may adopt, pursuant to which, in the discretion of Parent’s board of directors (or of the committee of the board administering the plan for executive officers and senior management), Executive may be granted (i) options to purchase shares of Parent’s common stock or (ii) restricted stock units to be settled in shares of Parent’s common stock or cash, or a combination of the two. The parties anticipate that (i) the exercise price of any option granted to Executive would be the closing price of Parent’s common stock on the date of the option grant (the “grant date”) and that (ii) the option would vest over four years, with 25% of the option shares vesting on each of the first four anniversaries of the grant date. The parties anticipate that any award of restricted stock units to Executive would vest in a similar manner.
Stock Options and RSUs. Subject to the approval of the Company's Board of Directors or its Compensation Committee, you will be granted 682,080 Restricted Stock Units (the "RSUs"). The RSUs will initially be unvested but shall be eligible to become vested under the Company's standard terms. The RSUs will be subject to the terms and conditions applicable to restricted stock units granted under the Company's Stock Plan (the "Plan"), as described in the Plan and the applicable Restricted Stock Unit Agreement. The RSUs require both time-based vesting and performance-based vesting (the completion of a Change in Control or IPO) in order to vest. You will time-vest in 25% of the RSUs after 12 months of continuous service, and the balance will vest in equal [quarterly] installments over the next 12 quarters of continuous service, as described in the applicable Restricted Stock Unit Agreement. Moreover, the Company must complete a Change in Control or an IPO before the RSUs expire in order to be fully vested, also as described in the applicable Restricted Stock Unit Agreement.
Stock Options and RSUs. Under the terms of your stock option agreements, RSU agreements and the applicable plan documents, vesting of your stock options and RSUs will cease as of the Separation Date. Your right to exercise any vested stock options, and all other rights and obligations with respect to your stock options and RSUs, will be as set forth in your stock option or RSU agreement, grant notice and applicable plan documents; provided, however, that subject to your compliance with the Severance Preconditions, the post-termination exercise period of your outstanding stock options originally granted under the Rockley Photonics Limited 2013 Equity Incentive Plan (“2013 Plan”) shall be extended through the earliest of (i) June 13, 2024, (ii) the breach of any agreement between you and the Employer or its affiliates, or (iii) termination upon a change in control event pursuant to the terms of the 2013 Plan.
Stock Options and RSUs. As of the Termination Date, all unvested options and RSUs shall cease to vest. Vested options and RSUs shall be exercisable for six (6) months after the Termination Date (i.e. prior to August 13, 2013), but in no event beyond their original term.
Stock Options and RSUs. For the purpose of clarification, all VeriSign stock options and restricted stock units (“RSU’s”) that were granted to you by the Company will be unvested as of the Termination Date and will not vest after the Termination Date. In accordance with the VeriSign, Inc. 2006 Equity Incentive Plan, you will not be able to exercise any of such unvested VeriSign stock options and unvested RSU’s and such stock options and RSU’s will revert to VeriSign upon the termination of your employment.
Stock Options and RSUs. 5.1. Subject to compliance with applicable securities legislation and any obligations of the Corporation pursuant to any agreements by which it is bound, the Corporation may grant to DEFSEC, subject to approval of the Board, stock options and RSUs pursuant to the Corporation's stock option plan entitling DEFSEC to purchase common shares of the Corporation, as the Board may determine from time to time.
Stock Options and RSUs. Provided that Employee continues to be employed by Employer, Employee shall be eligible, at the discretion of the board of directors of Employer, to receive grants of options to acquire ordinary shares of Employer pursuant to the terms and conditions of Employer’s 2010 Performance Incentive Plan. Stock options granted to Employee shall vest over a four year period and shall be governed by the terms of the 2010 Performance Incentive Plan and any award agreement thereunder. In addition, provided that Employee continues to be employed by Employer, Employee shall be eligible, at the discretion of the board of directors of Employer, to receive grants of restricted stock units (RSUs) pursuant to the terms and conditions of Employer’s 2010 Performance Incentive Plan and any award agreement thereunder; provided, however, that any RSUs granted to Employee after February 20, 2017 shall vest over a period no longer than two years following the applicable date of grant.
Stock Options and RSUs. (i) The Company has reserved 14,362,461 shares of Company Common Stock for issuance under the Company Stock Plan of which options with respect to 10,587,240 shares of Company Common Stock are outstanding as of the date of this Agreement, 4,561,701 of which are fully vested and exercisable. Part 2.3(b) of the Disclosure Schedule accurately sets forth, with respect to each Company Option that is outstanding as of the date of this Agreement: (A) the name of the holder of such Company Option; (B) the total number of shares of Company Common Stock that are or were subject to such Company Option; (C) the date on which such Company Option was granted and the term of such Company Option; (D) the vesting schedule and the vesting commencement date of such Company Option (including the number of shares of Company Common Stock subject to such Company Option that are vested and unvested as of the date of this Agreement) and whether the vesting of such Company Option is subject to any acceleration in connection with the Merger, any termination of employment or separation from service, or any of the other transactions contemplated by this Agreement; (E) the exercise price per share of Company Common Stock purchasable under such Company Option; (F) whether such Company Option is an “incentive stock option” as defined in Section 422 of the Code or subject to Section 409A of the Code; (G) whether such Company Option may be early-exercised; and (H) the extent to which such Company Option has been early-exercised. Each grant of a Company Option was duly authorized no later than the date on which the grant of such Company Option was by its terms to be effective (the “Grant Date”) by all necessary corporate action, including, as applicable, approval by the board of directors of the Company (or a duly constituted and authorized committee thereof) and any required stockholder approval, in each case, by the necessary number of votes or written consents, and the award agreement governing such grant (if any) was duly executed and delivered by each party thereto and is in full force and effect, each such grant was made in all material respects in accordance with (1) the terms of the Company Stock Plan and (2) all other applicable Legal Requirements. All options with respect to shares of Company Common Stock that were ever issued by the Company ceased to vest on the date on which the holder thereof ceased to be an employee, consultant or director of an Acquired Entity. The exercise of...
Stock Options and RSUs. (a) All options (individually, an “Option” and collectively, the “Options”) outstanding immediately prior to the Effective Time under any Company stock option or equity incentive plan (“Company Stock Plan”), whether or not then vested and exercisable, shall be canceled at the Effective Time and:
