Vesting and Exercisability definition

Vesting and Exercisability. The Option will vest and become exercisable according to the following schedule: Date On and After Which Option is Portion of Total Option Which Is Vested and Exercisable Vested and Exercisable May 31, 2001 25% Each one-month period completed An additional 1/48 thereafter May 31, 2004 100% Method of Exercise: You may exercise the Option by giving written notice to the Company, in form and substance satisfactory to the Company, which will state the election to exercise the Option and the number of shares of Common Stock for which you are exercising the Option. The written notice must be accompanied by full payment of the exercise price for the number of shares of Common Stock you are purchasing. Form of Payment: You may pay the Option exercise price, in whole or in part, in cash, by check or, unless the Board determines otherwise, by (a) tendering (either actually or by attestation) shares of Common Stock held by you for a period of at least six months having a fair market value on the day prior to the date of exercise equal to the exercise price (you should consult your tax advisor before exercising the Option with stock you received upon the exercise of an ISO); (b) if and so long as the Common Stock is registered under the Securities Exchange Act of 1934, as amended, delivery of a properly executed exercise notice together with irrevocable instructions to a broker to promptly deliver to the Company the amount of sale or loan proceeds necessary to pay the exercise price; or (c) such other consideration as the Board may permit.
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Examples of Vesting and Exercisability in a sentence

  • Provided however, that the rules under "Vesting and Exercisability" at the end of this Appendix shall apply to Options granted before the Plan is an "approved" plan.

  • CHINA TERMS AND CONDITIONS The following provisions apply if you are a citizen of the People’s Republic of China (“China”) and reside in mainland China, as determined by the Company in its sole discretion: Vesting and Exercisability.

  • Death or Disability - and the provisions of Section 2(b) of the ESO Agreement – Vesting and Exercisability; Termination without Cause; Death or Disability – shall apply.

  • STOCK UNITS 5 10.1 Stock Unit Agreement 5 10.2 Payment for Awards 5 10.3 Vesting and Exercisability 5 10.4 Voting and Dividend Rights 5 10.5 Form and Time of Settlement of Stock Units 6 10.6 Creditors’ Rights 6 ARTICLE 11.

  • Vesting and Exercisability One-half of the Options will be granted as Time Options and one-half of the Options will be granted as Performance Options (each as described below).

  • The following provisions apply if you are a citizen of the People’s Republic of China (“China”) and reside in mainland China, as determined by the Company in its sole discretion: Vesting and Exercisability.

  • Effect of a Termination of Service on Vesting and Exercisability Other than as set forth below, upon a termination of your Service for any reason prior to the Vesting Date, you will forfeit this Option without any consideration due to you.

  • However, the New Options will be entirely unvested as of the New Option Grant Date and will be subject to a new vesting schedule based on the remaining vesting period of each of your Exchanged Options, regardless of whether your Exchanged Options were wholly or partially vested, as described below under "Vesting and Exercisability." The New Options will generally be of the same type (for U.S. tax purposes) as the Eligible Options you tender for exchange.

Related to Vesting and Exercisability

  • Vesting means the process by which the Grantee becomes entitled to receive the benefit of a grant made to him under the Scheme.

  • Vesting Agreement means each or any, as the context implies, agreement or instrument entered into by an LTIP Unitholder upon acceptance of an award of LTIP Units under an Equity Incentive Plan.

  • Vesting Schedule means the vesting schedule specified in the Grant Notice pursuant to which the Optionee is to vest in the Option Shares in a series of installments over his or her period of Service.

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

  • RSUs means restricted stock units.