Common use of First Installment Clause in Contracts

First Installment. Commencing one year after the Option Date, Optionee may exercise the Option for up to 25 percent of the number of Option Shares.

Appears in 5 contracts

Sources: Nonqualified Stock Option Agreement (Ventas Inc), Nonqualified Stock Option Agreement (Ventas Inc), Nonqualified Stock Option Agreement (Ventas Inc)

First Installment. Commencing one year after on the Option Date, Optionee may exercise the Option for up to 25 33 1/3 percent of the number of Option Shares.

Appears in 3 contracts

Sources: Stock Option Agreement (Ventas Inc), Stock Option Agreement (Ventas Inc), Stock Option Agreement (Ventas Inc)

First Installment. Commencing one year after on the [first anniversary of the] Option Date, Optionee may exercise the Option for up to 25 33β…“ percent of the number of Option Shares.

Appears in 2 contracts

Sources: Stock Option Agreement (Care Capital Properties, Inc.), Stock Option Agreement (Care Capital Properties, Inc.)