Common use of Time-Based Vesting Clause in Contracts

Time-Based Vesting. Subject to any accelerated vesting and exercisability pursuant to paragraphs 2, 3 and 4 below, the shares of Common Stock subject to the Option shall vest and become exercisable in their entirety on the third anniversary of the Grant Date, if Holder is an Employee, Director or Consultant on that date.

Appears in 2 contracts

Sources: Executive Employment Agreement (Leap Wireless International Inc), Executive Employment Agreement (Leap Wireless International Inc)

Time-Based Vesting. Subject to any accelerated vesting and exercisability pursuant to paragraphs 2, 2 and 3 and 4 below, the shares of Common Stock subject to the Option shall vest and become exercisable in their entirety on the third fifth anniversary of the Grant Date, if Holder is an Employee, Director or Consultant on that date.

Appears in 2 contracts

Sources: Stock Option Agreement (Leap Wireless International Inc), Stock Option Agreement (Leap Wireless International Inc)

Time-Based Vesting. Subject to any accelerated vesting and exercisability pursuant to paragraphs 2, 2 and 3 and 4 below, the shares of Common Stock subject to the Option shall vest and become exercisable in their entirety on the third anniversary of the Grant Date, if Holder is an Employee, Director or Consultant on that date.

Appears in 1 contract

Sources: Stock Option Agreement (Leap Wireless International Inc)

Time-Based Vesting. Subject to any accelerated vesting and exercisability pursuant to paragraphs 2, 3 and 4 below, the shares of Common Stock subject to the Option shall vest and become exercisable in their entirety on the third anniversary of the Grant DateDecember 31, 2008, if Holder is an Employee, Director or Consultant on that date.

Appears in 1 contract

Sources: Executive Employment Agreement (Leap Wireless International Inc)

Time-Based Vesting. Subject to any accelerated vesting and exercisability pursuant to paragraphs 2, 2 and 3 and 4 below, the shares of Common Stock subject to the Option shall vest and become exercisable in their entirety on the third anniversary of the Grant DateFebruary 28, 2008, if Holder is an Employee, Director or Consultant on that date.

Appears in 1 contract

Sources: Stock Option Agreement (Leap Wireless International Inc)