Common use of Option Vesting Schedule Clause in Contracts

Option Vesting Schedule. For so long as Employee is employed by the ----------------------- Company or any of its subsidiaries, and thereafter solely to the extent set forth in Sections 8.5(b) and 8.6(b), the Unvested Class A Options, the Unvested Class L Options and the Unvested $61 Options shall vest in accordance with the following schedule (or as otherwise set forth in Exhibit A hereto): (i) 31% shall vest in nine equal quarterly installments beginning on August 19, 1998 and ending on August 19, 2000 and (ii) 69% shall vest in five equal annual installments beginning on August 19, 1998 and ending on August 19, 2002.

Option Vesting Schedule. For so long as Employee is employed by the ----------------------- Company or any of its subsidiaries, and thereafter solely to the extent set forth in Sections 8.5(b) and 8.6(b), ) (or as otherwise set forth in Exhibit A hereto): (a) the Unvested Class A Options, Options and the Unvested Class L Options and designated as Tranche A on Schedule 1 as well as the Unvested $61 Options shall vest in accordance with the following schedule (or as otherwise set forth in Exhibit A hereto): schedule: (i) 31% shall vest in nine equal quarterly installments beginning on August 19, 1998 and ending on August 19, 2000 and (ii) 69% shall vest in five equal annual installments beginning on August 19, 1998 and ending on August 19, 2002; and (b) the Unvested Class A Options and the Unvested Class L Options designated as Tranche B on Schedule 1 shall vest in fourteen equal quarterly installments beginning on September 30, 1998 and ending on December 31, 2001.