COMS » Topics » Vested Ratio

This excerpt taken from the COMS 8-K filed May 20, 2005.
Vested Ratio”:

 

 

 

Vested Ratio

Prior to the Initial Vesting Date

 

0

On the Initial Vesting Date, for each full year of the Optionee’s continuous employment by a Participating Company from the Date of Option Grant until the Initial Vesting Date

 

¼

Plus

 

 

For each subsequent full year thereafter of the Optionee’s continuous employment by a Participating Company from the Initial Vesting Date

 

¼

In no event shall the Vested Ratio exceed 1/1.

 

 

 

(h)           “

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