Conditions of Exercise. The TCOMA Option and TCOMA Tandem SARs are exercisable only in accordance with the conditions stated in this paragraph. (a) Except as otherwise provided in paragraph 12(b) below or in the last sentence of this subparagraph (a), the TCOMA Option shall not be exercisable until August 4, 1996 and the TCOMA Option may only be exercised to the extent the TCOMA Option Shares have become available for purchase in accordance with the following schedule: Percentage of TCOMA Option Date Shares Available for Purchase ---- ----------------------------- August 4, 1996 20% August 4, 1997 40% August 4, 1998 60% August 4, 1999 80% August 4, 2000 100% Notwithstanding the foregoing, all TCOMA Option Shares shall become available for purchase if Grantee's employment with the Company and its Subsidiaries (i) shall terminate by reason of (x) termination by the Company without cause (as defined in Section 10.2(b) of the Plan), (y) termination by Grantee for good reason (as defined herein) or (z) Disability, (ii) shall terminate pursuant to provisions of a written employment agreement, if any, between the Grantee and the Company which expressly permit the Grantee to terminate such
Appears in 2 contracts
Sources: Non Qualified Stock Option and Stock Appreciation Rights Agreement (Tele Communications Inc /Co/), Non Qualified Stock Option and Stock Appreciation Rights Agreement (Tele Communications Inc /Co/)
Conditions of Exercise. The TCOMA Option and TCOMA Tandem SARs are exercisable only in accordance with the conditions stated in this paragraph.
(a) Except as otherwise provided in paragraph 12(b) below or in the last sentence of this subparagraph (a), the TCOMA Option shall not be exercisable until August 4September 3, 1996 1999, and the TCOMA Option may only be exercised to the extent the TCOMA Option Shares have become available for purchase in accordance with the following schedule: Percentage of TCOMA Option Date Shares Available for Purchase ---- ----------------------------- August 4September 3, 1996 1999 20% August 4September 3, 1997 2000 40% August 4September 3, 1998 2001 60% August 4September 3, 1999 2002 80% August 4September 3, 2000 2003 100% Notwithstanding the foregoing, all TCOMA Option Shares shall become available for purchase if Grantee's employment with the Company and its Subsidiaries (i) shall terminate by reason of (x) termination by the Company without cause (as defined in Section 10.2(b11.2(b) of the Plan), (y) termination by Grantee for good reason (as defined herein) or (z) Disability, (ii) shall terminate pursuant to provisions of a written employment agreement, if any, between the Grantee and the Company which expressly permit the Grantee to terminate suchexpressly
Appears in 1 contract
Sources: Non Qualified Stock Option and Stock Appreciation Rights Agreement (Tele Communications Inc /Co/)
Conditions of Exercise. The TCOMA LBTYA Option and TCOMA LBTYA Tandem SARs are exercisable only in accordance with the conditions stated in this paragraph.
(a) Except as otherwise provided in paragraph 12(b) below or in the last sentence of this subparagraph (a), the TCOMA LBTYA Option shall not be exercisable until August 4, 1996 and thereafter the TCOMA LBTYA Option may only be exercised to the extent the TCOMA LBTYA Option Shares have become available for purchase in accordance with the following schedule: Percentage of TCOMA LBTYA Option Date Shares Available for Purchase ---- ----------------------------- August 4, 1996 20% August 4, 1997 40% August 4, 1998 60% August 4, 1999 80% August 4, 2000 100% Notwithstanding the foregoing, all TCOMA LBTYA Option Shares shall become available for purchase if Grantee's employment with the Company and its Subsidiaries (i) shall terminate by reason of (x) termination by the Company without cause (as defined in Section 10.2(b) of the Plan), (y) termination by Grantee for good reason (as defined herein) or (z) Disability, (ii) shall terminate pursuant to provisions of a written employment agreement, if any, between the Grantee and the Company which expressly permit the Grantee to terminate such
Appears in 1 contract
Sources: Non Qualified Stock Option and Stock Appreciation Rights Agreement (Tele Communications Inc /Co/)
Conditions of Exercise. The TCOMA Option and TCOMA Tandem SARs are exercisable only in accordance with the conditions stated in this paragraph.
(a) Except as otherwise provided in paragraph 12(b) below or in the last sentence of this subparagraph (a), the TCOMA Option shall not be exercisable until August 4, 1996 and thereafter the TCOMA Option may only be exercised to the extent the TCOMA Option Shares have become available for purchase in accordance with the following schedule: Percentage of TCOMA Option Date Shares Available for Purchase ---- ----------------------------- August 4, 1996 20% August 4, 1997 40% August 4, 1998 60% August 4, 1999 80% August 4, 2000 100% Notwithstanding the foregoing, all TCOMA Option Shares shall become available for purchase if Grantee's employment with the Company and its Subsidiaries (i) shall terminate by reason of (x) termination by the Company without cause (as defined in Section 10.2(b) of the Plan), (y) termination by Grantee for good reason (as defined herein) or (z) Disability, (ii) shall terminate pursuant to provisions of a written employment agreement, if any, between the Grantee and the Company which expressly permit the Grantee to terminate such,
Appears in 1 contract
Sources: Non Qualified Stock Option and Stock Appreciation Rights Agreement (Tele Communications Inc /Co/)
Conditions of Exercise. The TCOMA LBTYA Option and TCOMA LBTYA Tandem SARs are exercisable only in accordance with the conditions stated in this paragraph.
(a) Except as otherwise provided in paragraph 12(b) below or in the last sentence of this subparagraph (a), the TCOMA LBTYA Option shall not be exercisable until August 4, 1996 and thereafter the TCOMA LBTYA Option may only be exercised to the extent the TCOMA LBTYA Option Shares have become available for purchase in accordance with the following schedule: Percentage of TCOMA Option Date Shares Available for Purchase ---- ----------------------------- August 4, 1996 20% August 4, 1997 40% August 4, 1998 60% August 4, 1999 80% August 4, 2000 100% Notwithstanding the foregoing, all TCOMA LBTYA Option Shares shall become available for purchase if Grantee's employment with the Company and its Subsidiaries (i) shall terminate by reason of (x) termination by the Company without cause (as defined in Section 10.2(b) of the Plan), (y) termination by Grantee for good reason (as defined herein) or (z) Disability, (ii) shall terminate pursuant to provisions of a written employment agreement, if any, between the Grantee and the Company which expressly permit the Grantee to terminate such,
Appears in 1 contract
Sources: Non Qualified Stock Option and Stock Appreciation Rights Agreement (Tele Communications Inc /Co/)
Conditions of Exercise. The TCOMA TINTA Option and TCOMA TINTA Tandem SARs are exercisable only in accordance with the conditions stated in this paragraph.
(a) Except as otherwise provided in paragraph 12(b) below or in the last sentence of this subparagraph (a), the TCOMA TINTA Option shall not be exercisable until August 4, 1996 of the Option Date, and thereafter the TCOMA TINTA Option may only be exercised to the extent the TCOMA TINTA Option Shares have become available for purchase in accordance with the following schedule: Percentage of TCOMA TINTA Option Date Shares Available for Purchase ---- ----------------------------- August 4, 1996 20% August 4, 1997 40% August 4, 1998 60% August 4, 1999 80% August 4, 2000 100% Notwithstanding the foregoing, all TCOMA TINTA Option Shares shall become available for purchase if Grantee's employment with the Company and its Subsidiaries (i) shall terminate by reason of (x) termination by the Company without cause (as defined in Section 10.2(b) of the Plan), (y) termination by Grantee for good reason (as defined herein) or (z) Disability, (ii) shall terminate pursuant to provisions of a written employment agreement, if any, between the Grantee and the Company which expressly permit the Grantee to terminate such,
Appears in 1 contract
Sources: Non Qualified Stock Option and Stock Appreciation Rights Agreement (Tele Communications Inc /Co/)
Conditions of Exercise. The TCOMA TINTA Option and TCOMA TINTA Tandem SARs are exercisable only in accordance with the conditions stated in this paragraph.
(a) Except as otherwise provided in paragraph 12(b) below or in the last sentence of this subparagraph (a), the TCOMA TINTA Option shall not be exercisable until August 4, 1996 and thereafter the TCOMA TINTA Option may only be exercised to the extent the TCOMA TINTA Option Shares have become available for purchase in accordance with the following schedule: Percentage of TCOMA TINTA Option Date Shares Available for Purchase ---- -------------- ----------------------------- August 4, 1996 20% August 4, 1997 40% August 4, 1998 60% August 4, 1999 80% August 4, 2000 100% Notwithstanding the foregoing, all TCOMA TINTA Option Shares shall become available for purchase if Grantee's employment with the Company and its Subsidiaries (i) shall terminate by reason of (x) termination by the Company without cause (as defined in Section 10.2(b) of the Plan), (y) termination by Grantee for good reason (as defined herein) or (z) Disability, (ii) shall terminate pursuant to provisions of a written employment agreement, if any, between the Grantee and the Company which expressly permit the Grantee to terminate such
Appears in 1 contract
Sources: Non Qualified Stock Option and Stock Appreciation Rights Agreement (Tele Communications Inc /Co/)
Conditions of Exercise. The TCOMA TCIVB Option and TCOMA TCIVB Tandem SARs are exercisable only in accordance with the conditions stated in this paragraph.
(a) Except as otherwise provided in paragraph 12(b) below or in the last sentence of this subparagraph (a), the TCOMA TCIVB Option shall not be exercisable until August 4September 3, 1996 1999, and the TCOMA TCIVB Option may only be exercised to the extent the TCOMA TCIVB Option Shares have become available for purchase in accordance with the following schedule: Percentage of TCOMA TCIVB Option Date Shares Available for Purchase ---- ----------------------------- August 4December 16, 1996 1998 20% August 4December 16, 1997 1999 40% August 4December 16, 1998 2000 60% August 4December 16, 1999 2001 80% August 4December 16, 2000 2002 100% Notwithstanding the foregoing, all TCOMA TCIVB Option Shares shall become available for purchase if Grantee's employment with the Company and its Subsidiaries (i) shall terminate by reason of (x) termination by the Company without cause (as defined in Section 10.2(b11.2(b) of the Plan), (y) termination by Grantee for good reason (as defined herein) or (z) Disability, (ii) shall terminate pursuant to provisions of a written employment agreement, if any, between the Grantee and the Company which expressly permit the Grantee to terminate suchexpressly
Appears in 1 contract
Sources: Non Qualified Stock Option and Stock Appreciation Rights Agreement (Tele Communications Inc /Co/)
Conditions of Exercise. The TCOMA LBTYA Option and TCOMA LBTYA Tandem SARs are exercisable only in accordance with the conditions stated in this paragraph.
(a) Except as otherwise provided in paragraph 12(b) below or in the last sentence of this subparagraph (a), the TCOMA LBTYA Option shall not be exercisable until August 4, 1996 and the TCOMA LBTYA Option may only be exercised to the extent the TCOMA LBTYA Option Shares have become available for purchase in accordance with the following schedule: Percentage of TCOMA LBTYA Option Date Shares Available for Purchase ---- ----------------------------- August 4, 1996 20% August 4, 1997 40% August 4, 1998 60% August 4, 1999 80% August 4, 2000 100% Notwithstanding the foregoing, all TCOMA LBTYA Option Shares shall become available for purchase if Grantee's employment with the Company and its Subsidiaries (i) shall terminate by reason of (x) termination by the Company without cause (as defined in Section 10.2(b) of the Plan), (y) termination by Grantee for good reason (as defined herein) or (z) Disability, (ii) shall terminate pursuant to provisions of a written employment agreement, if any, between the Grantee and the Company which expressly permit the Grantee to terminate such
Appears in 1 contract
Sources: Non Qualified Stock Option and Stock Appreciation Rights Agreement (Tele Communications Inc /Co/)