GSE Approval. Notwithstanding the foregoing provisions of this Section 3, no Options shall vest or become exercisable prior to the Company’s achievement of GSE Approval and in the event that the Company does not achieve GSE Approval by the GSE Approval Deadline, any Options held by Participant shall be forfeited without any consideration.
Appears in 3 contracts
Samples: Nonqualified Stock Option Agreement (NMI Holdings, Inc.), Nonqualified Stock Option Agreement (NMI Holdings, Inc.), Plan Nonqualified Stock Option Agreement (NMI Holdings, Inc.)
GSE Approval. Notwithstanding the foregoing provisions of this Section 3, no Options shall vest or become exercisable prior to the Company’s achievement of GSE Approval and in the event that the Company does not achieve GSE Approval by the GSE Approval Deadline, any Options held by Participant shall be forfeited without any consideration. 4.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement
