Examples of Unvested Option in a sentence
In the event of separation of the employee from the Company due to reasons of Permanent Incapacity the Option Grantee may Exercise his or her Vested as well as Unvested Option immediately after Permanent Incapacity but in no event later than six months from the date of separation from employment.
At the Closing, Sellers shall deliver to the Buyer on the Closing Date an amendment (the “ Unvested Option Agreement Amendment”) in the form set forth in Annex P executed and delivered by each Option Holder of all Unvested Options that are outstanding as of immediately prior to the Closing.
Upon the terms and subject to the conditions of this Agreement, the Company shall take all actions to fully vest, as of the Effective Time, each Company Unvested Option and each Series 3 Restricted Common Unit that is outstanding immediately prior to the Effective Time, and convert such Series 3 Restricted Common Units into the right to receive from the Surviving Company, an amount in cash pursuant to Section 1.8(d)(iii) .
Any Unvested Option, Unvested Share Grant or Unvested Share that ceases to be capable of vesting in a Scheme Participant pursuant to this clause 16 will continue to be available under the Scheme.
Nothing in this document serves to extend the relevant exercise period or vesting of a Share Option or Unvested Option that has already lapsed or would otherwise lapse (for instance, on cessation of employment).