VESTED RATIO means, on any relevant date, the ratio determined as follows:
VESTED RATIO means, on any relevant date, the ratio determined as follows: Vested Ratio ------------ Prior to Initial Vesting Date 0 On Initial Vesting Date, provided the Optionee's 1/4 Service has not terminated prior to such date Plus For each full month of the Optionee's continuous Service 1/48 from the Initial Vesting Date until the Vested Ratio equals 1/1, an additional
VESTED RATIO means, on any relevant date, the ratio determined as follows: Vested Ratio Prior to Initial Vesting Date 0 On Initial Vesting Date, provided the Optionee’s Service has not terminated prior to such date 1/8 Plus: For each full month of the Optionee’s continuous Service from the Initial Vesting Date until the Vested Ratio equals 1/1, an additional 1/48
More Definitions of VESTED RATIO
VESTED RATIO means, on any relevant date, except as otherwise provided herein, the ratio determined as follows:
VESTED RATIO. Except as otherwise provided below, the Vested Ratio shall be determined as follows: Vested Ratio ------------ Prior to Initial Vesting Date 0 On Initial Vesting Date, provided the 1/4 Optionee's Service is continuous from the Date of Option Grant until the Initial Vesting Date For each full month of the Optionee's 1/48 continuous Service from the Initial Vesting Date
VESTED RATIO means: Vested Ratio Prior to Initial Vesting Date 0 On Initial Vesting Date, for each full year of the Participant’s remaining a Service Provider from the Date of Option Grant until the Initial Vesting Date 1/4 Plus For each subsequent full year thereafter of the Participant’s remaining a Service Provider from the Initial Vesting Date 1/4 In no event shall the Vested Ratio exceed 1/1. Notwithstanding the foregoing, in the event that the Participant is terminated without Cause or resigns for Good Reason other than in Connection with a Change of Control, the Participant shall receive twelve (12) months accelerated vesting with respect to the Participant’s then outstanding unvested portion of the Award, provided that the Participant signs and does not revoke the Release Agreement as described in paragraphs 3 of the Management Retention Agreement and the Severance Benefits Agreement, both signed on June 21, 2007. Notwithstanding the foregoing, in the event that the Participant is terminated without Cause in Connection with a Change of Control or resigns for Good Reason in Connection with a Change of Control, the Participant shall become fully vested in the Participant’s then outstanding unvested portion of the Award, provided that the Participant signs and does not revoke the Release Agreement as described in paragraphs 3 of the Management Retention Agreement and the Severance Benefits Agreement, both signed June 21, 2007.
VESTED RATIO means, on any relevant date, the ratio determined as follows: Vested Ratio ------------ Prior to Initial Vesting Date 0
VESTED RATIO means: Vested Ratio Prior to Initial Vesting Date 0 On Initial Vesting Date, for each full year of the Participant’s remaining a Service Provider from the Date of Option Grant until the Initial Vesting Date 1/4 Plus For each subsequent full year thereafter of the Participant’s remaining a Service Provider from the Initial Vesting Date 1/4 In no event shall the Vested Ratio exceed 1/1. Notwithstanding the foregoing, the Participant shall receive accelerated vesting with respect to all or a portion of the Participant’s then outstanding unvested portion of the Award, subject to the terms and conditions specified in the Management Retention Agreement (“MRA”) and the Severance Benefits Agreement (“SBA”), as the same may be amended from time to time, each by and between the Company and the Participant effective May 20, 2008.
VESTED RATIO means: Vested Ratio Prior to Initial Vesting Date 0 On Initial Vesting Date, for each full year of the Participant’s remaining a Service Provider from the Date of Option Grant until the Initial Vesting Date 1/4 Plus For each subsequent full year thereafter of the Participant’s remaining a Service Provider from the Initial Vesting Date 1/4 In no event shall the Vested Ratio exceed 1/1. Notwithstanding the foregoing, in the event that Participant’s employment is terminated by the Company without Cause or if Participant resigns for Good Reason, and such termination is not in Connection with a Change of Control, then Participant will receive twelve (12) months accelerated vesting with respect to Participant’s then outstanding unvested portion of the Award, provided that Participant signs the separation agreement and release of claims as set forth in Section 8(d) of the Employment Agreement and otherwise complies with such section. Notwithstanding the foregoing, in the event that Participant’s employment is terminated by the Company without Cause or if Participant resigns for Good Reason, and such termination is in Connection with a Change of Control, then Participant will become fully vested in Participant’s then outstanding unvested portion of the Award, provided that Participant signs the separation agreement and release of claims as set forth in Section 8(d) of the Employment Agreement and otherwise complies with such section. Notwithstanding the foregoing, in the event that Participant resigns for Good Reason due to (x) the failure of the Company to appoint Participant as Chief Executive Officer by April 30, 2011 or in the event of the appointment of another as Chief Executive Officer after April 29, 2010, the vesting of Participant’s then outstanding unvested portion of the Award will be accelerated in full or (y) the appointment of another as Chief Executive Officer prior to April 30, 2010, the vesting of half of the outstanding unvested portion of the Award will be accelerated in full, provided in each case that Participant signs the separation agreement and release of claims as set forth in Section 8(d) of the Employment Agreement and otherwise complies with such section.
VESTED RATIO means, as of a given date, the quotient of (a) the number of Vested Carried Shares as of such date, divided by (b) 785,535. For the purposes of determining the Vested Ratio, the number of Vested Carried Shares shall include all such shares, without duplication, (x) held on such date by Executive, Xxx Xxxxxxxxxx Trust, Xxxxxx Xxxxxxxxxx Trust or any Permitted Transferee or (y) transferred on or prior to such date by Executive or a Permitted Transferee in a Public Sale or otherwise.