Vesting of the Common Stock Sample Clauses

Vesting of the Common Stock. Twenty-five percent (25%) of the Common Shares shall become vested as of each of December 31, 1999, 2000, 2001 and 2002. The foregoing notwithstanding, no Common Shares shall become vested unless Purchaser has been continuously employed by the Company, or any parent or subsidiary of the Company, from the Closing Date until each respective date on which the Common Shares are scheduled to vest; provided, however, that if there is a Termination of Employment (as -------- ------- defined below), a pro rata portion of any Common Shares which are scheduled to --- ---- vest during the calendar year in which the Termination of Employment occurs shall become vested immediately upon Termination of Employment (such pro rata --- ---- portion being equal to the ratio of the number of days of employment during the year in question to 365)
Sample 1
AutoNDA by SimpleDocs
Vesting of the Common Stock. (a) 12.5% of the Vesting Common Shares shall become vested as of the last day of each fiscal year of the Company (the "Fiscal Year End Date") commencing with fiscal 1998, e.g. fiscal years 1998, 1999, 2000, 2001, 2002, 2003, 2004 and 2005, subject to the earlier vesting of ETA Stock as described below. All Common Stock (in excess of the 12.5% of the Vesting Common Stock scheduled to vest in any such year) which vests as ETA Stock under Section 2(b) will first reduce the Vesting Common Shares then scheduled to vest as of the Fiscal Year End Date in 2005; and will thereafter reduce in inverse order the Vesting Common Shares scheduled to vest as of the Fiscal Year End Date in years 2002 through 2004.
Sample 1
Vesting of the Common Stock. (a) 20.00% of the Vesting Common Shares shall become vested as of the end of each fiscal year of the Company (the "Fiscal Year End Date") commencing with fiscal 1998, e.g. fiscal years 1998, 1999, 2000, 2001 and 2002.
Sample 1

Related to Vesting of the Common Stock

  • 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:

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

  • Vesting of the Award Except as otherwise provided in Section 3 and Section 5 below, the Restricted Stock Units will vest at such times (the "Vesting Date") and in the percentages set forth below, as long as the Grantee is serving as an employee of the Company on the Vesting Date. Vesting Date Award Percentage of Restricted Stock Units One Year from Grant Date Two Years from Grant Date Three Years from Grant Date 33% 33% 34% The Company shall issue one share of Stock to the Grantee in settlement of each vested Restricted Stock Unit (the "Distributed Shares") at the time the Restricted Stock Unit vests pursuant to any provision of this Agreement. The Distributed Shares shall be represented by a certificate or by a book-entry.

  • Vesting of Stock Options All unvested stock options held by Executive, if any, shall vest immediately upon a Change of Control Termination as defined in Section 6.1.2. Executive may exercise such options in accordance with the terms and conditions of the stock option plan and the agreement pursuant to which such options were granted.

  • Vesting of Equity Awards Notwithstanding the provisions of any plan or agreement governing such an Award (as defined in Section 4(c)), all Awards granted to you that remain outstanding and unvested immediately prior to the occurrence of a Change in Control (as defined in Section 4(d)(i)) automatically shall vest in full upon the occurrence of the Change in Control.

  • 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 Shares The shares acquired hereunder shall vest in accordance with the provisions of this Paragraph 7 and applicable provisions of the Plan, as follows:

  • 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).

  • Vesting of Awards In the event of a Change in Control, the surviving or successor entity (or its parent corporation) may continue, assume or replace awards granted to the Executive under the terms of the 2013 Equity Plan that are outstanding as of the Change in Control, and such awards or replacements therefore shall remain outstanding and be governed by their respective terms. If and to the extent that outstanding awards granted to the Executive under the terms of the 2013 Equity Plan are not continued, assumed or replaced in connection with a Change in Control, then the vesting of such awards shall be accelerated and such awards shall become immediately fully vested and, in the case of options, exercisable in full as of the Change in Control. With respect to outstanding awards granted to the Executive under the terms of the 2013 Equity Plan that are subject to performance-based vesting conditions, the level of achievement of the performance-based vesting conditions shall be measured consistent with the original terms of the award to preserve the intent of the metrics, and to the extent performance can no longer be reasonably measured consistent with the original terms, the vesting of such awards shall be accelerated and such awards shall become immediately fully vested and, in the case of options, exercisable in full as of the Change in Control. The reference to "fully vested" in connection with any award subject to performance-based vesting conditions refers to vesting at the maximum level of achievement of the performance goal or goals under the award.

  • Vesting of LTIP Units The restrictions and conditions in Sections 2(b) and 2(c) of this Agreement shall lapse with respect to the LTIP Units granted herein in the amounts and on the Vesting Dates specified below: Portion of Award to Vest Vesting Date 33.33% [Grant Date,] 2017 33.33% [Grant Date,] 2018 33.33% [Grant Date,] 2019 Total: 100% of Award

Time is Money Join Law Insider Premium to draft better contracts faster.