Common use of Exercises Under Multiple Option Agreements Clause in Contracts

Exercises Under Multiple Option Agreements. Notwithstanding anything herein to the contrary, if, in connection with an NMP Sale, the Optionee shall be entitled or required, as applicable, to acquire Shares and/or participate in the NMP Sale pursuant to Section 4.2 hereof and pursuant to the analogous provisions of one or more other stock option, restricted stock or restricted stock unit agreements between the Optionee and the Company (any such agreement, including this Agreement, an “Equity Award Agreement”), then the Company shall have the right, at its option, to designate the Equity Award Agreement or Equity Award Agreements pursuant to which the Optionee may or is being required to, as applicable, participate in an NMP Sale; provided, that in no event shall any such determination reduce the aggregate number of Shares that the Optionee would otherwise be entitled to sell in connection with an NMP Sale.

Appears in 2 contracts

Sources: Nonqualified Stock Option Agreement (Avantor, Inc.), Nonqualified Stock Option Agreement (Avantor, Inc.)