Common use of Additional Options Clause in Contracts

Additional Options. Certain eligible members of management will be granted options for an additional 3.5% of the Company as outlined in Schedule B, which options shall vest, if within five years of the effective date of the Merger, the original common stock investors of the Company in the Merger achieve a realized value(3) of the multiple specified in the table below for the corresponding time period, or more on their original investment. Additional Options Pursuant to Section II Realized value achieved prior to the Minimum multiple of realized value following years after closing to original common stock investors ----------------------------------------------------------------------------- Year 3 4.0x Year 4 4.5x Year 5 5.0x

Appears in 5 contracts

Samples: Stockholders' Agreement (Universal Hospital Services Inc), Stockholders' Agreement (Universal Hospital Services Inc), Stockholders' Agreement (Universal Hospital Services Inc)

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Additional Options. Certain eligible members of management will be granted options for an additional 3.53.0% of the Company as outlined in Schedule B, which options shall vest, if within five years of the effective date of the Merger, the original common stock investors of the Company in the Merger achieve a realized value(3) of the multiple specified in the table below for the corresponding time period, or more on their original investment. Additional Options Pursuant to Section II Realized value achieved prior to the Minimum multiple of realized value following years after closing to original common stock investors ----------------------------------------------------------------------------- Year 3 4.0x Year 4 4.5x Year 5 5.0x------------------

Appears in 1 contract

Samples: Stockholders' Agreement (Jw Childs Equity Partners L P)

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