Time Vesting shall occur based on the following schedule so that on each date set forth under the column "Date", Time Vesting shall have occurred with respect to the percentage of the total number of Option Shares subject to the Option set forth under the column "Time Vested Portion Of Option": Date Time Vested Portion Of Option ----------------------------------- ----------------------------- First Anniversary of Date of Grant 40% Second Anniversary of Date of Grant 60% Third Anniversary of Date of Grant 80% Fourth Anniversary of Date of Grant 100% Notwithstanding the foregoing, the Option shall become fully Time Vested upon a Change In Control (as defined in the Plan) or immediately prior thereto to the extent set forth in the Plan if but only if the Optionee is employed by the Company or any of its subsidiaries immediately prior to such Change In Control.

Examples of Time Vesting in a sentence

Please specify: Time Vesting for Variable CEO Compensation Please indicate the longest time vesting period for variable CEO compensation: ❍ No, we do not have a performance-based variable compensation system or we do not report on this publicly.
Please specify: Time Vesting for Variable CEO Compensation Please indicate the longest time vesting period for variable CEO compensation: ❍ No, we do not have a performance-based variable compensation system or we do not report on this following the disclosure requirements of this question.
The Time Vesting RSUs outstanding under this Agreement shall remain outstanding and eligible to vest so long as no Restrictive Covenant Violation occurs, as determined by the Committee, or its designee, in its sole discretion, prior to the applicable vesting date.
Amended by Chapter 226, 1998 General Session 36-12-3 Interim committees -- Membership -- Purpose -- Meetings and rules.(1) There are hereby created interim committees of the Legislature consisting of the members of each house.
The next installment of Time Vesting RSUs which could become vested in accordance with the Award Notice, and all Earned RSUs outstanding under this Agreement, shall become vested and settled in accordance with this Agreement.

More Definitions of Time Vesting

Time Vesting has the meaning set forth in Section 3.2(e).

Time Vesting means any conditions relating to continued service with WestJet or a WestJet Entity for a period of time in respect of the Vesting of Unit Awards determined by the Board; which may be graduated by percentages of a Unit Award, including a percentage in excess of 100%;

Time Vesting means the vesting schedule applicable to any Award the vesting of which is based solely upon the passage of time and is not based upon any Performance Measures;

Time Vesting means any conditions relating to the passage of time or continued Employment or service with the Corporation or Subsidiary of the Corporation for a period of time in respect of a Grant, as may be determined by the Board. For clarity, except as required to satisfy the minimum requirements of applicable employment or labour standards legislation, “continued Employment or service” ends on the Termination Date.