Vesting and Right of Exercise. (i) An Option shall vest and become exercisable with respect to one-fourth of the Shares at the first anniversary of the Vesting Commencement Date and as to one thirty-sixth of the remaining Shares subject to the Option at the end of each successive month thereafter until all of the shares subject to the Option have vested, subject to the Optionee’s Continuous Employment.
Vesting and Right of Exercise. (i) The Option shall vest and become exercisable with respect to 100% of the Shares on the first anniversary of the Vesting Commencement Date, subject to Optionee’s Continuous Service; provided that if (A) such termination occurs on or after Change of Control, (2) such termination is not a result of Optionee’s voluntary resignation without Good Reason, death or disability, and (3) Section 6.5 of the Plan does not apply, then any portion of then unvested and outstanding Option shall immediately vest upon such termination of employment. In order for Optionee to resign for Good Reason, Optionee must provide written notice to the Company of the existence of the Good Reason condition within 30 days of the initial existence of such Good Reason condition. Upon receipt of such notice, the Company will have 30 days during which it may remedy the Good Reason condition and not be required to provide for the vesting acceleration described herein as a result of such proposed resignation. If the Good Reason condition is not remedied within such 30-day period, Optionee may resign based on the Good Reason condition specified in the notice effective no later than 30 days following the expiration of the 30-day cure period.
Vesting and Right of Exercise. (i) The Options shall start vesting with [ ] options vesting as of Date, and the remaining Options ( [ ] options) will vest daily in equal amounts until [ ].
Vesting and Right of Exercise. (i) The Option shall vest and become exercisable with respect to one forty-eighth of the Shares on each successive monthly anniversary of the Vesting Commencement Date until all of the Shares have vested, subject to Optionee’s Continuous Service; provided, however, that, in the event of an Involuntary Termination (as defined in Section 10 below) but subject to Optionee’s timely execution of the release (the “Release”) referred to in that certain letter agreement, dated September 7, 2006, by and between the Company and Optionee offering employment to Optionee (the “Offer Letter”) and Optionee’s not revoking the Release as described in the Offer Letter, the Option shall vest and become exercisable, effective immediately prior to the effective date of such Involuntary Termination, with respect to that number of the Shares that would have vested and become exercisable had Optionee remained in Continuous Service for 6 months following the effective date of such Involuntary Termination.
Vesting and Right of Exercise. (i) The Option shall vest and become exercisable with respect to 25% of the Shares at April 1, 2019, and as to 1/48th of the number of Shares in the original grant on the first day of each month thereafter until all of the Shares have vested, subject to Optionee’s Continuous Service. Form for Incentive Options/Nonstatutory Options/Tandem SAR’s
Vesting and Right of Exercise. (i) The Option shall vest over the Vesting Term (as defined above), with none to vest until the Vesting Commencement Date (as defined above), at which time the Initial Vested Shares (as defined above), shall become vested, and with the remainder (Number of Shares less Initial Vested Shares) to vest daily in equal amounts over the remainder of the Vesting Term.
Vesting and Right of Exercise. (i) The Option shall vest and become exercisable with respect to [1/12] [1/24] of the shares at the end of each calendar month beginning with December 1999 for a period of [12] [24] months, subject to the Optionee's Continuous Employment by the Company or a Subsidiary of the Company, as such terms are defined in the Plan.
Vesting and Right of Exercise. (i) The Option shall be fully vested and exercisable as of the Grant Date, subject to Optionee’s Continuous Service, this Award Agreement and the Plan.
Vesting and Right of Exercise. (i) The Option shall vest and become exercisable with respect to one-fourth of the Shares at the first anniversary of the Vesting Commencement Date set forth in the preamble of this Agreement and as to one forty-eighth of the Shares at the end of each successive month thereafter until all of the Shares have vested, subject to Optionee’s Continuous Service; provided, however, that, in the event of an Involuntary Termination (as defined in Section 10 below) but subject to Optionee’s timely execution of the general release of claims and agreement (the “Release”) referred to in that certain letter agreement, dated December 13, 2006, by and between the Company and Optionee offering employment to Optionee (the “Offer Letter”) and Optionee’s not revoking the Release as described in the Offer Letter, the Option shall vest and become exercisable, effective immediately prior to the effective date of such Involuntary Termination, with respect to that number of the Shares that would have vested and become exercisable had Optionee remained in Continuous Service for 6 months following the effective date of such Involuntary Termination.
Vesting and Right of Exercise. (i) The Option shall vest and become exercisable with respect to one-fifth of the Shares at the first anniversary of the Vesting Commencement Date set forth in the preamble of this Agreement and as to one-fifth of the Shares on each anniversary of the Vesting Commencement Date thereafter until all of the Shares have vested, subject to Optionee’s Continuous Service; provided, however, that, in the event of an Involuntary Termination (as defined in that certain letter agreement, dated April 1, 2008, by and between the Company and Optionee offering employment to Optionee (the “Offer Letter”)) but subject to Optionee’s timely execution of the general release of claims and agreement (the “Release”) referred to in the Offer Letter and Optionee’s not revoking the Release as described in the Offer Letter, the Option shall vest and become exercisable, effective immediately prior to the effective date of such Involuntary Termination, with respect to (a) if the effective date of such Involuntary Termination occurs between January 1 and June 30 of a given calendar year, an additional 50,000 shares and (b) if the effective date of such Involuntary Termination occurs between July 1 and December 31 of a given calendar year, an additional 100,000 shares.
