Example ContractsClausesVesting of Options
Vesting of Options
Vesting of Options contract clause examples

Vesting of Options. Subject to Section 4.4, each Option may, but need not, vest and therefore become exercisable in periodic installments that may, but need not, be equal. The Option may be subject to such other terms and conditions on the time or times when it may be exercised (which may be based on performance or other criteria) as the Committee may deem appropriate and in accordance with Section 4.4. The vesting provisions of individual Options may vary.

Vesting of Options. Subject to Section 4.4, each Option may, but need not, vest and therefore become exercisable in periodic installments that may, but need not, be equal. The Option may be subject to such other terms and conditions on the time or times when it may be exercised (which may be based on performance or other criteria) as the Committee may deem appropriate and in accordance with Section 4.4. The vesting provisions of individual Options may vary.

Vesting and Exercisability of Options. The Committee shall, in its sole discretion, provide in an Award Agreement the time or times at which, or the conditions upon which, an Option or portion thereof shall become vested and/or exercisable. The Committee may condition the vesting and/or exercisability upon the passage of time (e.g., subject to the Participant’s continued Service for specified period) and/or the occurrence of any other event or condition that is established by the Committee and set forth in the Award Agreement. The Committee may, in its sole discretion, provide, in an Award Agreement or other agreement between a Participant and the Company, for the acceleration of vesting and/or exercisability of any Option upon a Participant’s termination of Service under specified circumstances or upon the occurrence of other specified events or conditions. To the extent the vesting requirements of an Option are not satisfied, the Option shall be forfeited. In no event may any Option be exercised for a fraction of a share of Common Stock.

Accelerated Vesting of Applicable Options. In the event that the Qualifying Separation occurs on any date between the Effective Date and November 14, 2022, the vesting and exercisability of the Tranches 244 and 311 (as defined in the applicable equity award agreements) of the Options with a grant date of November 13, 2017 shall be accelerated with respect to 100% vesting, effective immediately upon the Separation Date.

Vesting of Options. Subject to Section 4.4, each Option may, but need not, vest and therefore become exercisable in periodic installments that may, but need not, be equal. The Option may be subject to such other terms and conditions on the time or times when it may be exercised (which may be based on performance or other criteria) as the Committee may deem appropriate and in accordance with Section 4.4. The vesting provisions of individual Options may vary.

Vesting of Options. The Options shall vest in and be exercisable by the Grantee on the earliest to occur of the following:

Subject to approval by the Company's Board of Directors, you will be given an option to purchase 75,000 options which will be issued on the first trading day after the month that you are hired and priced as of the close of that day. The vesting schedule for the options will be as follows: 25% of the options will vest on the first anniversary of the vesting commencement date and thereafter 6.25% of the options will vest quarterly until the options are fully vested on the fourth anniversary of the vesting commencement date.

Options. Excluding therefrom the Letter of Intent dated as of November 4, 2021 by and between Purchaser and Seller, Seller is not subject to any

Vesting of Share Options. The Committee shall, in its discretion, prescribe in an award agreement the time or times at which or the conditions upon which, a Share Option or portion thereof shall become vested and/or exercisable. The requirements for vesting and exercisability of a Share Option may be based on the continued Service of the Participant with the Company or a Subsidiary for a specified time period (or periods), on the attainment of a specified performance goal(s) and/or on such other terms and conditions as approved by the Committee in its discretion. If the vesting requirements of a Share Option are not satisfied, the Award shall be forfeited.

The Time-Vesting Options and the Performance-Vesting Options may be referred to herein collectively as the “Option.”

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