Vesting, Exercisability and Termination. (a) No portion of this Stock Option may be exercised until such portion shall have vested. (b) This Stock Option shall be deemed vested and exercisable in full upon the earliest to occur of the following: (i) A Sale Event; or (ii) June 30, 2009; provided, however, in the event the Optionee’s Service Relationship terminates prior to June 30, 2009, and such termination is either (a) by the Company without Cause, or (b) by the Optionee for Good Reason, a portion of this Stock Option may vest according to the provisions set forth in Section 2(c) of this Agreement. No portion of this Stock Option shall vest or become exercisable unless and until any of the events described in subparagraphs (i) and (ii) above occur.
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Sources: Incentive Stock Option Agreement (WII Components, Inc.), Incentive Stock Option Agreement (WII Components, Inc.)