Exchange of Employee Rollover Options. The Masonite Securityholder agrees to dispose of the Employee Rollover Options in exchange for the grant by Stile Holding to the Masonite Securityholder of the Replacement Option(s) set out in Schedule 1 to this Agreement. The exchange of Employee Rollover Options pursuant to this section shall occur at the time specified in Section 3.1(h) of the Plan of Arrangement.
Appears in 2 contracts
Sources: Employee Rollover Agreement, Employee Rollover Agreement (Masonite International Corp)