Conditions to Exercisability. (a) The Option shall become exercisable as to twenty percent (20%) of the shares of Stock covered by the Option on each of the next five anniversaries of this Agreement, provided that the Executive continues to be employed by Niagara or one of its subsidiaries (collectively, the "Company") on such date.
Appears in 3 contracts
Samples: Stock Option Agreement (Scharf Micheal J), Stock Option Agreement (Scharf Micheal J), Stock Option Agreement (Scharf Micheal J)
Conditions to Exercisability. (a) The Option shall become exercisable as to twenty percent (20%) of the shares of Stock covered by the Option on each of the next five anniversaries of this AgreementAgree ment, provided that the Executive continues to be employed by Niagara or one of its subsidiaries (collectively, the "Company") on such date.
Appears in 1 contract
