Common use of Vesting of Options Clause in Contracts

Vesting of Options. Subject to the provisions of Sections 3 and 14 below, the Options shall vest and become exercisable as follows: One-third of the Options on February 10, 2013 One-third of the Options on February 10, 2014 One-third of the Options on February 10, 2015 Each of the dates immediately above shall be a “Scheduled Vesting Date.” Notwithstanding the foregoing, any unvested and not previously forfeited Options shall immediately vest and become fully exercisable upon the death or Disability of Optionee or upon a Change of Control. Upon the Optionee’s Retirement before vesting of the Options, the Options shall continue to vest on the Scheduled Vesting Dates and remain subject to reduction pursuant to Section 14 and shall become exercisable on the applicable Scheduled Vesting Dates. Except as otherwise provided in subsections 3(a), 3(b), 3(c), 3(d) and 3(e) below, the right of Optionee and Optionee’s successors in interest to exercise the Options shall terminate three months after the date Optionee’s employment terminates (but no later than the Expiration Date).

Vesting of Options. Subject to the provisions of Sections 3 3, 11(a) and 14 11(b) below, the Options shall vest and become exercisable as follows: One-third of the Options in full on February 1015, 2013 One-third of 2020 (the Options on February 10, 2014 One-third of the Options on February 10, 2015 Each of the dates immediately above shall be a “Scheduled Vesting Date.” Notwithstanding the foregoing”) or, any unvested and not previously forfeited Options shall immediately vest and become fully exercisable if earlier, upon the death or Disability of Optionee and in that event the date upon which the Options vest and become exercisable due to death or upon a Change of ControlDisability shall be the “Vesting Date” for all purposes hereunder. Upon the Optionee’s Retirement before vesting of the OptionsVesting Date, the Options shall continue to vest and shall become exercisable in full on the Scheduled Vesting Dates and remain Date, subject to reduction pursuant to Section 14 Sections 11(a) and 11(b). The period between January 1, 2017 and the Vesting Date shall become exercisable on be the applicable Scheduled Vesting Dates. “Performance Period.” Except as otherwise provided in subsections Sections 3(a), 3(b), 3(c), 3(d) and 3(e3(d) below, the right of Optionee and Optionee’s successors in interest to exercise the Options shall terminate three months after the date Optionee’s employment terminates (but no later than the Expiration Date).

Vesting of Options. Subject to the provisions of Sections 3 3, 11(a) and 14 11(b) below, the Options shall vest and become exercisable as follows: One-third of the Options on February 1015, 2013 2018 One-third of the Options on February 1015, 2014 2019 One-third of the Options on February 1015, 2015 2020 Each of the dates immediately above shall be a “Scheduled Vesting Date.” Notwithstanding the foregoing, any unvested and not previously forfeited Options shall immediately vest and become fully exercisable upon the death or Disability of Optionee or upon a Change of ControlOptionee. Upon the Optionee’s Retirement before vesting of the Options, the Options shall continue to vest on the Scheduled Vesting Dates and remain subject to reduction pursuant to Section 14 Sections 11(a) and 11(b) and shall become exercisable on the applicable Scheduled Vesting Dates. Except as otherwise provided in subsections Sections 3(a), 3(b), 3(c), 3(d) and 3(e) below, the right of Optionee and Optionee’s successors in interest to exercise the Options shall terminate three months after the date Optionee’s employment terminates (but no later than the Expiration Date).

Vesting of Options. Subject to the provisions of Sections 3 3, 11(a) and 14 11(b) below, the Options shall vest and become exercisable as follows: One-third of the Options in full on February 1015, 2013 One-third of 2018 (the Options on February 10, 2014 One-third of the Options on February 10, 2015 Each of the dates immediately above shall be a “Scheduled Vesting Date.” Notwithstanding the foregoing”) or, any unvested and not previously forfeited Options shall immediately vest and become fully exercisable if earlier, upon the death or Disability of Optionee and in that event the date upon which the Options vest and become exercisable due to death or upon a Change of ControlDisability shall be the “Vesting Date” for all purposes hereunder. Upon the Optionee’s Retirement before vesting of the OptionsVesting Date, the Options shall continue to vest and shall become exercisable in full on the Scheduled Vesting Dates and remain Date, subject to reduction pursuant to Section 14 Sections 11(a) and 11(b). The period between January 1, 2015 and the Vesting Date shall become exercisable on be the applicable Scheduled Vesting Dates. “Performance Period.” Except as otherwise provided in subsections Sections 3(a), 3(b), 3(c), 3(d) and 3(e3(d) below, the right of Optionee and Optionee’s successors in interest to exercise the Options shall terminate three months after the date Optionee’s employment terminates (but no later than the Expiration Date).

Vesting of Options. Subject to the provisions of Sections 3 3, 11(a) and 14 11(b) below, the Options shall vest and become exercisable as follows: One-third of the Options in full on February 1015, 2013 One-third of 2019 (the Options on February 10, 2014 One-third of the Options on February 10, 2015 Each of the dates immediately above shall be a “Scheduled Vesting Date.” Notwithstanding the foregoing”) or, any unvested and not previously forfeited Options shall immediately vest and become fully exercisable if earlier, upon the death or Disability of Optionee and in that event the date upon which the Options vest and become exercisable due to death or upon a Change of ControlDisability shall be the “Vesting Date” for all purposes hereunder. Upon the Optionee’s Retirement before vesting of the OptionsVesting Date, the Options shall continue to vest and shall become exercisable in full on the Scheduled Vesting Dates and remain Date, subject to reduction pursuant to Section 14 Sections 11(a) and 11(b). The period between January 1, 2016 and the Vesting Date shall become exercisable on be the applicable Scheduled Vesting Dates. “Performance Period.” Except as otherwise provided in subsections Sections 3(a), 3(b), 3(c), 3(d) and 3(e3(d) below, the right of Optionee and Optionee’s successors in interest to exercise the Options shall terminate three months after the date Optionee’s employment terminates (but no later than the Expiration Date).

Vesting of Options. Subject to the provisions of Sections 3 3, (11)(a) and 14 11(b) below, the Options shall vest and become exercisable as follows: One-third of the Options in full on February 1015, 2013 One-third of 2017 (the Options on February 10, 2014 One-third of the Options on February 10, 2015 Each of the dates immediately above shall be a “Scheduled Vesting Date.” Notwithstanding the foregoing”) or, any unvested and not previously forfeited Options shall immediately vest and become fully exercisable if earlier, upon the death or Disability of Optionee or upon a Change of Control, and in that event the date upon which the Options vest and become exercisable due to death, Disability or a Change of Control shall be the “Vesting Date” for all purposes hereunder. Upon the Optionee’s Retirement before vesting of the OptionsVesting Date, the Options shall continue to vest and shall become exercisable in full on the Scheduled Vesting Dates and remain Date, subject to reduction pursuant to Section 14 Sections 11(a) and 11(b). The period between January 1, 2014 and the Vesting Date shall become exercisable on be the applicable Scheduled Vesting Dates. “Performance Period.” Except as otherwise provided in subsections 3(a), 3(b), 3(c), and 3(d) and 3(e) below, the right of Optionee and Optionee’s successors in interest to exercise the Options shall terminate three months after the date Optionee’s employment terminates (but no later than the Expiration Date).

Vesting of Options. Subject to the provisions of Sections 3 3, 11(a) and 14 11(b) below, the Options shall vest and become exercisable as follows: One-third of the Options on February 1015, 2013 2015 One-third of the Options on February 1015, 2014 2016 One-third of the Options on February 1015, 2015 2017 Each of the dates immediately above shall be a “Scheduled Vesting Date.” Notwithstanding the foregoing, any unvested and not previously forfeited Options shall immediately vest and become fully exercisable upon the death or Disability of Optionee or upon a Change of Control. Upon the Optionee’s Retirement before vesting of the Options, the Options shall continue to vest on the Scheduled Vesting Dates and remain subject to reduction pursuant to Section 14 subsections 11(a) and 11(b) and shall become exercisable on the applicable Scheduled Vesting Dates. Except as otherwise provided in subsections 3(a), 3(b), 3(c), 3(d) and 3(e) below, the right of Optionee and Optionee’s successors in interest to exercise the Options shall terminate three months after the date Optionee’s employment terminates (but no later than the Expiration Date).

Vesting of Options. Subject to the provisions of Sections 3 3, 11(a) and 14 11(b) below, the Options shall vest and become exercisable as follows: One-third of the Options on February 1015, 2013 2016 One-third of the Options on February 1015, 2014 2017 One-third of the Options on February 1015, 2015 2018 Each of the dates immediately above shall be a “Scheduled Vesting Date.” Notwithstanding the foregoing, any unvested and not previously forfeited Options shall immediately vest and become fully exercisable upon the death or Disability of Optionee or upon a Change of ControlOptionee. Upon the Optionee’s Retirement before vesting of the Options, the Options shall continue to vest on the Scheduled Vesting Dates and remain subject to reduction pursuant to Section 14 Sections 11(a) and 11(b) and shall become exercisable on the applicable Scheduled Vesting Dates. Except as otherwise provided in subsections Sections 3(a), 3(b), 3(c), 3(d) and 3(e) below, the right of Optionee and Optionee’s successors in interest to exercise the Options shall terminate three months after the date Optionee’s employment terminates (but no later than the Expiration Date).

Vesting of Options. Subject to the provisions of Sections 3 3, 11(a) and 14 11(b) below, the Options shall vest and become exercisable as follows: One-third of the Options in full on February 1015, 2013 One-third of 2019 (the Options on February 10, 2014 One-third of the Options on February 10, 2015 Each of the dates immediately above shall be a “Scheduled Vesting Date.” Notwithstanding the foregoing”) or, any unvested and not previously forfeited Options shall immediately vest and become fully exercisable if earlier, upon the death or Disability of Optionee and in that event the date upon which the Options vest and become exercisable due to death or upon a Change of ControlDisability shall be the “Vesting Date” for all purposes hereunder. Upon the Optionee’s Retirement before vesting of the OptionsVesting Date, the Options shall continue to vest and shall become exercisable in full on the Scheduled Vesting Dates and remain Date, subject to reduction pursuant to Section 14 Sections 11(a) and 11(b). The period between January 1, 2016 and the Vesting Date shall become exercisable on be the applicable Scheduled Vesting Dates. “Performance Period.” Except as otherwise provided in subsections Sections 3(a), 3(b), 3(c), 3(d) and 3(e3(d) below, the right of Optionee and Optionee’s successors in interest to exercise the Options shall terminate three months after the date Optionee’s employment terminates (but no later than the Expiration Date).. (d)

Vesting of Options. Subject to the provisions of Sections 3 3, 11(a) and 14 11(b) below, the Options shall vest and become exercisable as follows: One-third of the Options on February 1015, 2013 2017 One-third of the Options on February 1015, 2014 2018 One-third of the Options on February 1015, 2015 2019 Each of the dates immediately above shall be a “Scheduled Vesting Date.” Notwithstanding the foregoing, any unvested and not previously forfeited Options shall immediately vest and become fully exercisable upon the death or Disability of Optionee or upon a Change of ControlOptionee. Upon the Optionee’s Retirement before vesting of the Options, the Options shall continue to vest on the Scheduled Vesting Dates and remain subject to reduction pursuant to Section 14 Sections 11(a) and 11(b) and shall become exercisable on the applicable Scheduled Vesting Dates. Except as otherwise provided in subsections Sections 3(a), 3(b), 3(c), 3(d) and 3(e) below, the right of Optionee and Optionee’s successors in interest to exercise the Options shall terminate three months after the date Optionee’s employment terminates (but no later than the Expiration Date).. (d)

Vesting of Options. Subject to the provisions of Sections 3 3, 11(a) and 14 11(b) below, the Options shall vest and become exercisable as follows: One-third of the Options on February 1015, 2013 2017 One-third of the Options on February 1015, 2014 2018 One-third of the Options on February 1015, 2015 2019 Each of the dates immediately above shall be a “Scheduled Vesting Date.” Notwithstanding the foregoing, any unvested and not previously forfeited Options shall immediately vest and become fully exercisable upon the death or Disability of Optionee or upon a Change of ControlOptionee. Upon the Optionee’s Retirement before vesting of the Options, the Options shall continue to vest on the Scheduled Vesting Dates and remain subject to reduction pursuant to Section 14 Sections 11(a) and 11(b) and shall become exercisable on the applicable Scheduled Vesting Dates. Except as otherwise provided in subsections Sections 3(a), 3(b), 3(c), 3(d) and 3(e) below, the right of Optionee and Optionee’s successors in interest to exercise the Options shall terminate three months after the date Optionee’s employment terminates (but no later than the Expiration Date).

Vesting of Options. Subject to the provisions of Sections 3 3, 12 and 14 13 below, the Options shall vest and become exercisable as follows: One-third of the Options in full on February 10, 2013 One-third of 2016 (the Options on February 10, 2014 One-third of the Options on February 10, 2015 Each of the dates immediately above shall be a “Scheduled Vesting Date.” Notwithstanding the foregoing”) or, any unvested and not previously forfeited Options shall immediately vest and become fully exercisable if earlier, upon the death or Disability of Optionee or upon a Change of Control, and in that event the date upon which the Options vest and become exercisable due to death, Disability or a Change of Control shall be the “Vesting Date” for all purposes hereunder. Upon the Optionee’s Retirement before vesting of the OptionsVesting Date, the Options shall continue to vest and shall become exercisable in full on the Scheduled Vesting Dates and remain Date, subject to reduction pursuant to Section 14 Sections 12 and 13. The period between January 1, 2013 and the Vesting Date shall become exercisable on be the applicable Scheduled Vesting Dates. “Performance Period.” Except as otherwise provided in subsections 3(a), 3(b), 3(c), and 3(d) and 3(e) below, the right of Optionee and Optionee’s successors in interest to exercise the Options shall terminate three months after the date Optionee’s employment terminates (but no later than the Expiration Date).

Vesting of Options. Subject to the provisions of Sections 3 3, 12 and 14 13 below, the Options shall vest and become exercisable as follows: One-third of the Options on February 10, 2013 One-third of the Options on February 10, 2014 One-third of the Options on February 10, 2015 One-third of the Options on February 10, 2016 Each of the dates immediately above shall be a “Scheduled Vesting Date.” Notwithstanding the foregoing, any unvested and not previously forfeited Options shall immediately vest and become fully exercisable upon the death or Disability of Optionee or upon a Change of Control. Upon the Optionee’s Retirement before vesting of the Options, the Options shall continue to vest on the Scheduled Vesting Dates and remain subject to reduction pursuant to Section 14 Sections 12 and 13 and shall become exercisable on the applicable Scheduled Vesting Dates. Except as otherwise provided in subsections 3(a), 3(b), 3(c), 3(d) and 3(e) below, the right of Optionee and Optionee’s successors in interest to exercise the Options shall terminate three months after the date Optionee’s employment terminates (but no later than the Expiration Date).

Vesting of Options. Subject to the provisions of Sections 3 and 14 below, the Options shall vest and become exercisable as follows: One-third of the Options on February 10, 2013 One-third of the Options on February 10, 2014 One-third of the Options in full on February 10, 2015 Each of (the dates immediately above shall be a “Scheduled Vesting Date.” Notwithstanding the foregoing”) or, any unvested and not previously forfeited Options shall immediately vest and become fully exercisable if earlier, upon the death or Disability of Optionee or upon a Change of Control, and in that event the date upon which the Options vest and become exercisable due to death, Disability or a Change of Control shall be the “Vesting Date” for all purposes hereunder. Upon the Optionee’s Retirement before vesting of the OptionsVesting Date, the Options shall continue to vest and shall become exercisable in full on the Scheduled Vesting Dates and remain Date, subject to reduction pursuant to Section 14 14. The period between January 1, 2012, and the Vesting Date shall become exercisable on be the applicable Scheduled Vesting Dates. “Performance Period.” Except as otherwise provided in subsections 3(a), 3(b), 3(c), and 3(d) and 3(e) below, the right of Optionee and Optionee’s successors in interest to exercise the Options shall terminate three months after the date Optionee’s employment terminates (but no later than the Expiration Date).