Common use of Time Option Clause in Contracts

Time Option. The Time Option, unless otherwise specifically provided on the signature page hereof, shall become vested and exercisable ratably on a monthly basis for the five-year period, beginning on the Grant Date.

Appears in 3 contracts

Sources: Stock Option Agreement (Sealy Mattress CORP), Stock Option Agreement (Sealy Mattress CORP), Stock Option Agreement (Sealy Mattress CORP)

Time Option. The Time Option, unless otherwise specifically provided on the signature page hereof, Option shall become vested and exercisable ratably on a monthly basis for the five-year period, beginning on the Grant Date.

Appears in 1 contract

Sources: Stock Option Agreement (Sealy Corp)