Option Exercisable in Installments. Subject to the other terms and conditions stated herein, the right to exercise the Option shall accrue in installments as follows: (a) First Installment. Commencing on the Option Date, Optionee may exercise the Option for up to 50 percent of the number of Option Shares.
Appears in 2 contracts
Sources: Nonqualified Stock Option Agreement (Ventas Inc), Nonqualified Stock Option Agreement (Ventas Inc)