Tranche B Options. Fifteen-percent (15%) of the Tranche B Options shall become Vested Options on each of the first and second anniversaries of the Amendment Date, twenty-percent (20%) of the Options shall become Vested Options on the third anniversary of the Amendment Date and twenty-five percent (25%) of the Options shall become Vested Options on each of the fourth and fifth anniversaries of the Amendment Date.
Appears in 2 contracts
Sources: Non Qualified Stock Option Agreement (Noranda Aluminum Holding CORP), Non Qualified Stock Option Agreement (Noranda Aluminum Holding CORP)
Tranche B Options. Fifteen-percent (15%) of the Tranche B Options shall become Vested Options on each of the first and second anniversaries of the Amendment Date, twenty-percent (20%) of the Tranche B Options shall become Vested Options on the third anniversary of the Amendment Date and twenty-five percent (25%) of the Tranche B Options shall become Vested Options on each of the fourth and fifth anniversaries of the Amendment Date.
Appears in 1 contract
Sources: Non Qualified Stock Option Agreement (Noranda Aluminum Holding CORP)