Restrictions on Exercisability. Except as specifically provided otherwise herein, the option will become exercisable in accordance with the following schedule based upon the passage of time following the Effective Date. Period Incremental Cumulative of Time Following Percentage of Percentage of Effective Option Option Date Exercisable Exercisable ---- ----------- ----------- 14 months 25% 25% 26 months 25% 50% 38 months 25% 75% 50 months 25% 100% Unless sooner terminated, the option will expire, if and to the extent it is not exercised, at 5:00 p.m. on the tenth anniversary of the Effective Date.
Appears in 1 contract
Sources: Common Stock Option Agreement (Aavid Thermal Technologies Inc)
Restrictions on Exercisability. Except as specifically provided otherwise herein, the option will become exercisable in accordance with the following schedule based upon the passage of time following the Effective Date. : Period Incremental Cumulative of Time Following Percentage of Percentage of Effective Option Option Date Exercisable Exercisable ---- ----------- ----------- 14 ----------------- ------------- ------------- 0 months 2512.5% 2512.5% 26 3 months 2512.5% 5025.0% 38 6 months 2512.5% 7537.5% 50 9 months 2512.5% 50.0% 12 months 12.5% 62.0% 15 months 12.5% 75.0% 18 months 12.5% 87.5% 21 months 12.5% 100% Unless sooner terminated, the option will expire, if and to the extent it is not exercised, at 5:00 p.m. on the tenth anniversary of the Effective Date.
Appears in 1 contract
Sources: Common Stock Option Agreement (Aavid Thermal Technologies Inc)