ZBRA » Topics » Standard Vesting

This excerpt taken from the ZBRA 8-K filed Feb 10, 2006.
Standard Vesting.  Prior to the Expiration Date (as hereinafter defined), the Option shall become and be exercisable as follows:  20% of the number of Option Shares shall vest on the first anniversary of the Grant Date, and thereafter the Option shall vest with respect to additional Option Shares at a rate of 20% of the original number of Option Shares with such additional vesting occurring on each successive annual anniversary of the Grant Date, provided that the Participant continues to serve as a Director through the applicable vesting dates.  The Option is not exercisable at any time with respect to unvested shares, and upon Participant ceasing to be a Director no further Option Shares shall become vested.



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