Grouped Into 17 Collections of Similar Clauses From Business Contracts
This page contains Vesting of Option clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Vesting of Option. Subject to the provisions of Sections 7 and 8 hereof, this Option shall become exercisable during the period that Optionee serves as an Officer of the Company in eight (8) equal installments of 437,500 shares on a quarterly basis commencing on July 30, 2015. The installments shall be cumulative (i.e., this option may be exercised, as to any or all shares covered by an installment, at any time or times after an installment becomes exercisable and until expiration or termination of this option).
Vesting of Option. Subject to the provisions of Sections 7 and 8 hereof, this Option shall become exercisable during the period that Optionee serves as an Officer a Director of the Company in eight (8) four (4) equal installments of 437,500 100,000 shares on a quarterly basis commencing on July September 30, 2015. The installments shall be cumulative (i.e., this option may be exercised, as to any or all shares covered by an installment, at any time or times after an installment becomes exercisable and until expira...tion or termination of this option). View More
Vesting of Option. Subject to the terms and conditions set forth in the Plan and this Agreement, the Option will vest as follows: (a) General. Except as otherwise provided in Sections 3(b) and 4, the Option will vest in equal annual installments of [25%](2) of the Shares over a [four](3)-year period on each anniversary of the Date of Grant, subject to the Participant's continued Service through each applicable vesting date. (1) NTD: Insert Nonqualified Stock Option or Incentive Stock Option, as applicable. (2) NTD...: Use "one-third" for annual option grants to directors. (3) NTD: Use "three" for annual option grants to directors. (b) Change in Control. The Option will become fully vested immediately prior the consummation of a Change in Control subject to the Participant's continued Service through the date of such Change in Control.View More
Vesting of Option. Subject to the terms and conditions set forth in the Plan and this Agreement, the Option will vest as follows: (a) General. Except as otherwise provided in Sections 3(b) and 4, the Option will vest in equal annual installments of [25%](2) [25%](1) of the Shares over a [four](3)-year [four](2)-year period on each anniversary of the Date of Grant, subject to the Participant's continued Service through each applicable vesting date. (1) NTD: Insert Nonqualified Stock Option or Incentive Stock Option..., as applicable. (2) NTD: Use "one-third" for annual option grants to directors. (3) (2) NTD: Use "three" for annual option grants to directors. (b) Change in Control. The Option will become fully vested immediately prior the consummation of a Change in Control subject to the Participant's continued Service through the date of such Change in Control. View More
Vesting of Option. The right to exercise this Option shall vest in installments, and this Option shall be exercisable from time to time in whole or in part as to any vested installment, as follows: Upon the date set forth below: This Option shall be Exercisable as to: Shares Shares Shares No additional Shares shall vest after the date of termination of Optionee's "Continuous Service" (as defined below), but this Option shall continue to be exercisable in accordance with Section 3 hereof with respect to that number... of Shares that have vested as of the date of termination of Optionee's Continuous Service. As used herein, the term "Continuous Service" means (i) employment by either the Company or any parent or subsidiary corporation of the Company, or by a corporation or a parent or subsidiary of a corporation issuing or assuming a stock option in a transaction to which Section 424(a) of the Code applies, which is uninterrupted except for vacations, illness (except for permanent disability, as defined in Section 22(e)(3) of the Code), or leaves of absence which are approved in writing by the Company or any of such other employer corporations, if applicable, (ii) service as a member of the Board of Directors of the Company until Optionee resigns, is removed from office, or Optionee's term of office expires and he or she is not reelected, or (iii) so long as Optionee is engaged as a Service Provider to the Company or other corporation referred to in clause (i) above. 3. Term of Option. The right of the Optionee to exercise this Option shall terminate upon the first to occur of the following: (a) the expiration of ten (10) years from the date of this Agreement; (b) the expiration of three (3) months from the date of termination of Optionee's Continuous Service if such termination occurs for any reason other than permanent disability or death; provided, however, that if Optionee dies during such three-month period the provisions of Section 3(d) below shall apply; and provided, further, that if Section 3(d) does not apply, and on the last trading day within such three-month period Optionee is subject to a blackout imposed by the Company pursuant to which Optionee is restricted from exercising this Option or reselling the Shares issuable upon such exercise, the right of Optionee to exercise this Option shall continue until the tenth (10th) day following the expiration of such blackout with respect to Optionee; (c) the expiration of one (1) year from the date of termination of Optionee's Continuous Service if such termination is due to permanent disability of the Optionee (as defined in Section 22(e)(3) of the Code); (d) the expiration of one (1) year from the date of termination of Optionee's Continuous Service if such termination is due to Optionee's death or if death occurs during the three-month period following termination of Optionee's Continuous Service specified in Section 3(b) above; or (e) upon the consummation of a "Change in Control" (as defined in Section 2.7 of the Plan).View More
Vesting of Option. The right to exercise this Option shall vest in installments, and this Option shall be exercisable from time to time in whole or in part as to any vested installment, as follows: Upon installment ("Vested Shares"). Shares shall become Vested Shares in a series of twenty-four (24) successive equal monthly installments for each full month of Continuous Service provided by the date set forth below: This Option Optionee, such that 100% of the Shares shall become Vested Shares on the second anniversa...ry of the "Vesting Commencement Date." For these purposes, the Vesting Commencement Date shall be Exercisable as to: Shares Shares Shares . No additional Shares shall vest after the date of termination of Optionee's "Continuous Service" (as defined below), but this Option shall continue to be exercisable in accordance with Section 3 hereof with respect to that number of Shares shares that have vested as of the date of termination of Optionee's Continuous Service. As used herein, For purposes of this Agreement, the term "Continuous Service" means (i) employment by either the Company or any parent or subsidiary corporation of the Company, or by a corporation or a parent or subsidiary of a corporation issuing or assuming a stock option in a transaction to which Section 424(a) of the Code applies, which is uninterrupted except for vacations, illness (except for permanent disability, as defined in Section 22(e)(3) of the Code), or leaves of absence which are approved in writing by the Company or any of such other employer corporations, if applicable, (ii) service as a member of the Board of Directors of the Company until Optionee resigns, is removed from office, or Optionee's term of office expires and he or she is not reelected, or (iii) so long as Optionee is engaged as a Service Provider to the Company Consultant or other corporation referred to in clause (i) above. Service Provider. Inogen/Option Plan/Option Agreement (Form) 3. Term of Option. The right of the Optionee to exercise this Option shall terminate upon the first to occur of the following: (a) the expiration of ten (10) years from the date of this Agreement; (b) the expiration of three (3) months from the date of termination of Optionee's Continuous Service if such termination occurs for any reason other than permanent disability or death; provided, however, that if Optionee dies during such three-month period the provisions of Section 3(d) below shall apply; and provided, further, that if Section 3(d) does not apply, and on the last trading day within such three-month period Optionee is subject to a blackout imposed by the Company pursuant to which Optionee is restricted from exercising this Option or reselling the Shares issuable upon such exercise, the right of Optionee to exercise this Option shall continue until the tenth (10th) day following the expiration of such blackout with respect to Optionee; (c) the expiration of one (1) year from the date of termination of Optionee's Continuous Service if such termination is due to permanent disability of the Optionee (as defined in Section 22(e)(3) of the Code); (d) (c) the expiration of one (1) year from the date of termination of Optionee's Continuous Service if such termination is due to Optionee's death or if death occurs during either the three-month or one-month period following termination of Optionee's Continuous Service specified in pursuant to Section 3(b) above; 3(d) or 3(e) below, as the case may be; (d) the expiration of three (3) months from the date of termination of Optionee's Continuous Service if such termination occurs for any reason other than permanent disability, death, voluntary resignation or cause; provided, however, that if Optionee dies during such three-month period the provisions of Section 3(c) above shall apply; (e) the expiration of one (1) month from the date of termination of Optionee's Continuous Service if such termination occurs due to voluntary resignation; provided, however, that if Optionee dies during such one-month period the provisions of Section 3(c) above shall apply; (f) the termination of Optionee's Continuous Service, if such termination is for cause; or (g) upon the consummation of a "Change in Control" (as defined in Section 2.7 2.4 of the Plan). Plan), unless otherwise provided pursuant to Section 11 below. View More
Vesting of Option. Subject to the provisions of Sections 7 and 8 hereof, this Option shall vest in 36 equal tranches commencing on the date hereof. -1- 6. Exercise. This Option may be exercised during the Term of this Option by delivery to the Company of (a) written notice of exercise stating the number of Shares being purchased (in whole shares only) and such other information set forth on the form of Notice of Exercise attached hereto as Appendix A, (b) a check or cash in the amount of the Exercise Price of the ...Shares covered by the notice (or such other consideration as has been approved by the Board of Directors) and (c) a written investment representation as provided for in Section 13 hereof. Notwithstanding anything to the contrary contained in this Option, this Option may be exercised by presentation and surrender of this Option to the Company at its principal executive offices with a written notice of the holder's intention to effect a cashless exercise, including a calculation of the number of shares of Common Stock to be issued upon such exercise in accordance with the terms hereof (a "Cashless Exercise"). In the event of a Cashless Exercise, in lieu of paying the Exercise Price in cash, the holder shall surrender this Option for that number of shares of Common Stock determined by multiplying the number of Shares to which it would otherwise be entitled by a fraction, the numerator of which shall be the difference between the then current Market Price per share of the Common Stock and the Exercise Price, and the denominator of which shall be the then current Market Price per share of Common Stock. Market Price is defined as the average closing price on the principal trading market for the Common Stock during the thirty (30) trading days immediately preceding the exercise date. This Option shall not be assignable or transferable, except by will or by the laws of descent and distribution.View More
Vesting of Option. Subject to the provisions of Sections 7 and 8 hereof, this Option shall vest over five (5) years in 36 equal tranches commencing of 100,000 starting on the first anniversary of the date hereof. hereof and continuing thereafter in equal installments on an annual basis subject to Executive's continued employment with the Company; provided, however, the Option shall vest in full in the event of a Change in Control (as defined below). "Change of Control" means: (a) any "person" (as such term is used... in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act")) becomes the "beneficial owner" (as defined in Rule 13d-3 promulgated under the Exchange Act), directly or indirectly, of securities of the Company representing fifty-one (51%) percent or more of (i) the outstanding shares of common stock of the Company, or (ii) the combined voting power of the Company's outstanding securities; (b) the Company is party to a merger or consolidation, or series of related transactions, which results in the voting securities of the Company outstanding immediately prior thereto failing to continue to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity), directly or indirectly, at least fifty-one (51%) percent of the combined voting power of the voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation; and (c) the sale or disposition of all or substantially all of the Company's assets, or consummation of any transaction, or series of related transactions, having similar effect (other than to a subsidiary of the Company). -1- 6. Exercise. This Option may be exercised during the Term of this Option by delivery to the Company of (a) written notice of exercise stating the number of Shares being purchased (in whole shares only) and such other information set forth on the form of Notice of Exercise attached hereto as Appendix A, (b) a check or cash in the amount of the Exercise Price of the Shares covered by the notice (or such other consideration as has been approved by the Board of Directors) and (c) a written investment representation as provided for in Section 13 hereof. Notwithstanding anything to the contrary contained in this Option, this Option may be exercised by presentation and surrender of this Option to the Company at its principal executive offices with a written notice of the holder's intention to effect a cashless exercise, including a calculation of the number of shares of Common Stock to be issued upon such exercise in accordance with the terms hereof (a "Cashless Exercise"). In the event of a Cashless Exercise, in lieu of paying the Exercise Price in cash, the holder shall surrender this Option for that number of shares of Common Stock determined by multiplying the number of Shares to which it would otherwise be entitled by a fraction, the numerator of which shall be the difference between the then current Market Price per share of the Common Stock and the Exercise Price, and the denominator of which shall be the then current Market Price per share of Common Stock. Market Price is defined as the average closing price on the principal trading market for the Common Stock during the thirty (30) trading days immediately preceding the exercise date. This Option shall not be assignable or transferable, except by will or by the laws of descent and distribution. View More
Vesting of Option. The Option shall vest (become exercisable) in accordance with the schedule shown on Page 1 of this Certificate. Notwithstanding the foregoing vesting schedule, upon Optionee's death or Disability during his or her Continuous Status as a Participant, or subject to the consent of the Committee, upon Optionee's Retirement, all Options shall become fully vested and exercisable.
Vesting of Option. The Option shall vest (become exercisable) in accordance with the schedule shown on Page 1 the Notice of Grant of this Certificate. Agreement. Notwithstanding the foregoing vesting schedule, upon Optionee's death or Disability during his or her Continuous Status as a Participant, or subject to the consent of the Committee, upon Optionee's Retirement, a Change in Control, all Options shall become fully vested and exercisable.
Vesting of Option. The right to exercise this Option shall vest and become exercisable as set forth on the first page of this Option Agreement. No additional Shares shall vest after the date of termination of Optionee's "Continuous Service" (as defined below), but this Option shall continue to be exercisable in accordance with Section 3 hereof with respect to that number of Shares that have vested as of the date of termination of Optionee's Continuous Service. For purposes of this Option Agreement, the term "Conti...nuous Service" means (a) employment by either the Company or any parent or subsidiary corporation of the Company, or by a corporation or a parent or subsidiary of a corporation issuing or assuming a stock option in a transaction to which Section 424(a) of the Code applies, which is uninterrupted except for vacations, illness (not including Disability), or leaves of absence which are approved in writing by the Company or any of such other employer corporations, if applicable, (b) service as a member of the Board until Optionee resigns, is removed from office, or Optionee's term of office expires and he or she is not reelected, or (c) so long as Optionee is engaged as a Consultant or other Service Provider.View More
Vesting of Option. The right to exercise this Option shall vest in installments, and this Option shall be exercisable from time to time in whole or in part as to any vested installment ("Vested Shares"). Twenty-five percent (25%) of the Shares shall become exercisable as set forth Vested Shares on the first page anniversary of this Option Agreement. the Vesting Start Date set forth in the Notice, and, thereafter, the balance of the Shares shall become Vested Shares in a series of thirty-six (36) successive equal m...onthly installments for each full month of Continuous Service provided by the Optionee, such that 100% of the Shares shall become Vested Shares on the fourth (4th) anniversary of the Vesting Start Date if Optionee's Continuous Service has not terminated prior to that date. No additional Shares shall vest after the date of termination of Optionee's "Continuous Service" (as defined below), but this Option shall continue to be exercisable in accordance with Section 3 hereof with respect to that number of Shares shares that have vested as of the date of termination of Optionee's Continuous Service. For purposes of this Option Agreement, the term "Continuous Service" means (a) (i) employment by either the Company or any parent Parent or subsidiary corporation Subsidiary (as such terms are defined in the Plan) of the Company, or by a corporation or a parent or subsidiary of a corporation issuing or assuming a stock option in a transaction to which Section 424(a) of the Code applies, which is uninterrupted except for vacations, illness (not including Disability), (except for permanent disability, as defined in Section 22(e)(3) of the Code), or leaves of absence which are approved in writing by the Company or any of such other employer corporations, if applicable, (b) (ii) service as a member of the Board of Directors of the Company until Optionee resigns, is removed from office, or Optionee's term of office expires and he or she is not reelected, or (c) (iii) so long as Optionee is engaged as a Consultant or other Service Provider. View More
Vesting of Option. (a) This Option will become exercisable ("vest") as to one-third of the original number of shares of Common Stock subject to the Option on the first three anniversaries of the Grant Date. The right of exercise shall be cumulative so that to the extent the Option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, 3Form of WEX Inc. Nonqualified Stock Option Agreement under the WEX Inc. 2019 Equity and Incentive Plan with respe...ct to all shares of Common Stock subject thereto for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Paragraph 4 hereof or the Plan. (b) Notwithstanding Paragraph 3(a), upon the Grantee's death, the Option shall become immediately and fully vested, subject to any terms and conditions set forth in the Plan or imposed by the Compensation Committee appointed by the Board of Directors (the "Committee"). (c) Notwithstanding Paragraph 3(a), upon a "Change in Control", if the surviving entity does not agree to assume the obligations set forth in this Agreement, then the Award shall become immediately and fully vested, subject to the terms and conditions set forth in the Plan or imposed by the Committee. "Change in Control" shall have the meaning set forth in the Plan.View More
Vesting of Option. (a) This Option will become exercisable ("vest") as to one-third of the original number of shares of Common Stock subject to the Option on the first three anniversaries of the Grant Date. The right of exercise shall be cumulative so that to the extent the Option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, 3Form of WEX Inc. Nonqualified Stock Option Agreement under the WEX Inc. 2019 Equity and Incentive Plan with respe...ct to all shares of Common Stock subject thereto for which it is vested 1 Exhibit 10.3vested until the earlier of the Final Exercise Date or the termination of this option under Paragraph 4 hereof or the Plan. (b) Notwithstanding Paragraph 3(a), upon the Grantee's death, the Option shall become immediately and fully vested, subject to any terms and conditions set forth in the Plan or imposed by the Compensation Committee appointed by the Board of Directors (the "Committee"). (c) Notwithstanding Paragraph 3(a), upon a "Change in Control", if the surviving entity does not agree to assume the obligations set forth in this Agreement, then the Award shall become immediately and fully vested, subject to the terms and conditions set forth in the Plan or imposed by the Committee. "Change in Control" shall have the meaning set forth in the Plan. View More
