Options Vesting Sample Clauses

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Options Vesting. All options or stock grants granted pursuant to the Company’s 2008 Stock Plan or any subsequent equity incentive plan shall be approved by the Board and, unless otherwise approved by the Board, shall vest as follows: twenty-five percent (25%) of the shares subject to such option shall vest on the first anniversary of the vesting commencement date thereof, with the remaining 75% of the shares subject to such option vesting in equal monthly installments over the next thirty-six (36) months thereafter.
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Options Vesting. In the event of a Change in Control of Company, all outstanding options granted to you by Company shall vest immediately and become exercisable as to all shares then subject thereto that are not then vested and exercisable.
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Options Vesting. In addition, if you decide to join the Company, the Company's Board of Directors has approved the grant of an option to purchase _______________ shares of the Company's Common Stock at a price per share equal to the closing sales price of the Common Stock as reported by The Nasdaq National Market on the first date of your employment with the Company. Subject to your continued employment with the Company, twenty-five percent of the shares subject to your option shall vest on the one-year anniversary of the first date of your employment with the Company, and 1/48 of the total number of shares subject to your option shall vest each month thereafter. This option grant shall be subject to the terms and conditions of the Company's Stock Option Plan and Stock Option Agreement, including vesting requirements. To the extent permitted by applicable laws, such option shall be treated as an incentive stock option.
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Options Vesting. Until such time as the Consulting Term expires or is earlier terminated as provided in Section 8 of this Agreement, the Existing Options and Additional Options (as such terms are defined in the Transition Agreement) shall continue to vest in accordance with their current vesting schedule (with any reference to continued employment deemed to be a reference to the continued provision of services by Consultant pursuant to this Agreement). All Options (as such term is defined in the Transition Agreement) shall immediately cease vesting upon termination of the Consulting Term (whether as a result of expiration or early termination as provided in Section 8 of this Agreement) and any then-unvested Options shall immediately terminate and be cancelled for no consideration. Notwithstanding the terms and conditions of the Option Plan (as such term is defined in the Transition Agreement), the time period to exercise any vested Existing Options or Additional Options shall be one hundred eighty (180) days from the date the Consulting Term expires or is earlier terminated as provided in Section 8 of this Agreement. For avoidance of doubt, upon a Change of Control (as described in Section 4.6.4 of the Transition Agreement), prior to the termination or expiration of the Consulting Term, the Existing Options and Additional Options shall accelerate to become fully vested upon such single trigger Change of Control. Further, Section 1 of the Amendment to the Employment Agreement shall be further amended to state that should the Company terminate this Consulting Agreement after September 19, 2013 but prior to January 1, 2014, then twenty-five (25%) of the Additional Options shall immediately vest and become excisable as set forth above.
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Options Vesting. Executive shall continue to vest in each Executive Option through the earlier of (y) December 31, 2018 and (z) the date Executive ceases to be a Service Provider, as defined in the Plan (the “Vesting End Date”). On the Vesting End Date, the Company shall accelerate Executive’s vesting in each Executive Option as if she remained employed for an additional six (6) months from the Vesting End Date, as set forth in Paragraph 3 below.
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Options Vesting. Unless approved by the Board, all future employees and consultants of the Company who shall purchase, or receive options to purchase, Ordinary Shares following the date hereof shall be required to execute stock purchase or option agreements providing for (a) vesting of shares over a four (4) year period with the first twenty five percent (25%) of such shares vesting following twelve (12) months of continued employment or services, and the remaining shares vesting in equal monthly installments over the following thirty six (36) months thereafter and (b) a one hundred and eighty (180)-day lockup period in connection with an IPO.
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Related to Options Vesting

  • Option Vesting Options shall vest as follows: (a) 100% of the Options shall vest on the 1st anniversary of the Grant Date; (b) In the event of any change in control, merger or consolidation between the Company and any other entity (other than one in which the stockholders of the Company prior to such transaction receive, in exchange for their Company shares, stock of the surviving corporation and such stock constitutes more than 50% of the outstanding stock of the surviving corporation following such transaction), or any sale by the Company of all or substantially all of its assets, all Options then held by the Director that have not theretofore vested shall vest five days prior to the earlier of (i) the record date, if any, for such transaction and (ii) the closing date of such transaction, both subject to Section 4(a).

  • Stock Vesting Unless otherwise approved by the Board of Directors, all stock options and other stock equivalents issued after the date of this Agreement to employees, directors, consultants and other service providers shall be subject to vesting as follows: (a) twenty-five percent (25%) of such stock shall vest at the end of the first year following the earlier of the date of issuance or such person’s services commencement date with the Company, and (b) seventy-five percent (75%) of such stock shall vest over the remaining three (3) years.

  • Time Vesting The restrictions shall lapse with respect to the Shares of Restricted Stock covered by this Award, in the installments set forth in the Award Agreement, provided that G▇▇▇▇▇▇’s service as a Director of the Company and its Subsidiaries continues through the specified dates.

  • Performance Vesting Within sixty (60) days following the completion of the Performance Period, the Plan Administrator shall determine the applicable number of Performance Shares in accordance with the provisions of the Award Notice and Schedule I attached thereto.

  • Vesting No portion of this Option shall vest prior to the dates indicated below. Subject to Section 4 hereof, on or after the date of grant and the following dates this Option may be exercised up to the indicated percentage of shares covered by this Option: Percentage of Each Priced Option Initially Cumulative Percentage Date Exercisable Exercisable ------------------------------------------------------------------------------------------------- Effective Date 25% 25% First Anniversary of Effective Date 25% 50% Second Anniversary of Effective Date 25% 75% Third Anniversary of Effective Date 25% 100% Subject to earlier termination under Section 4 hereof, at any time after the third anniversary of the Effective Date, but no later than the Expiration Date, Optionee may purchase all or any part of the shares subject to this Option which Optionee theretofore failed to purchase. The grant of 300,000 of the 400,000 options (including 100,000 options exercisable at $18) which are the subject of this option are expressly subject to the approval by the stockholders of the Company of such grant and, accordingly, none of the options vesting after the Effective Date may be exercised unless and until such approval has been obtained. In each case the number of shares which may be purchased shall be calculated to the nearest full share. Notwithstanding the foregoing, the options granted hereby shall become fully exercisable prior to the scheduled dates above (subject, however, to the provisions of the paragraph relating to stockholder approval) if Executive's employment with the Company pursuant to the terms of his employment agreement with the Company of even date herewith (the "Employment Agreement") is terminated prior to the expiration of the term by the Company without cause or by Executive for good reason (as defined in the Employment Agreement) or due to a Change of Control (as defined in the Employment Agreement). Further, if Executive has not been offered appointment as chief executive officer of the Company by December 31, 1999, and as a result terminates his employment on or before March 31, 2000, then the options which would have vested on January 1, 2001 shall become vested concurrently with such termination. The payments that Executive shall be entitled to receive upon the exercise of the options covered hereby and under his Employment Agreement shall in all events be limited by the provisions of Section 280G of the Internal Revenue Code ("Code") and the regulations thereunder (or their then equivalents) and no payment shall be made (and no option vesting accelerated) that would have the result of limiting the deductibility of such payments by the Company that would result in the imposition of an excise tax under Section 4999 of the Code.