Common use of Time Option Clause in Contracts

Time Option. The Time Option shall become vested and exercisable with respect to 20% of the Shares subject to such Option on each of the first five anniversaries of the Closing Date.

Appears in 13 contracts

Sources: Non Qualified Stock Option Agreement, Stock Option Agreement, Stock Option Agreement (Del Monte Corp)

Time Option. The Time Option shall become vested and exercisable with respect to 20% of the Shares subject to such Option on each of the first five anniversaries of the Closing Date, respectively.

Appears in 3 contracts

Sources: Stock Option Agreement (National Vision Holdings, Inc.), Stock Option Agreement (PRA Health Sciences, Inc.), Stock Option Agreement (PRA Health Sciences, Inc.)

Time Option. The Time Option shall become vested and exercisable with respect to 2050% of the Shares subject to such Option on each of the first five two anniversaries of the Closing Date.

Appears in 1 contract

Sources: Employment Agreement (Energy Future Holdings Corp /TX/)