Common use of HOLDING Options Clause in Contracts

HOLDING Options. HOLDING agrees that at the Closing, it shall reserve and set aside options to purchase shares of HOLDING Stock to be allocated to the officers and employees of the COMPANY and the Other Founding Companies representing, in the aggregate, 6% of the HOLDING Stock outstanding as of the close of the IPO. Half of such options shall be allocated equally among the COMPANY and the Other Founding Companies, and the other half of such options shall be allocated among the COMPANY and the other Founding Companies based on their relative valuations determined by reference to the aggregate consideration to be paid to their respective stockholders pursuant to this Agreement and the Other Agreements. Following consummation of the IPO, the COMPANY's Board of Directors will be entitled to determine the recipients of such option grants subject to the terms of HOLDING's stock option plan and applicable law.

HOLDING Options. HOLDING agrees that at the Closing, it shall reserve and set aside options to purchase shares of HOLDING Stock to be allocated to the officers and employees of the COMPANY and the Other other Founding Companies representing, in the aggregate, 6% of the HOLDING Stock outstanding as of the close of the IPO. Half of such options shall be allocated equally among the COMPANY and the Other Founding Companies, and the other half of such options shall be allocated among the COMPANY and the other Other Founding Companies based on their relative valuations determined by reference to the aggregate consideration to be paid to their respective stockholders pursuant to this Agreement and the Other Agreements. Following consummation of the IPO, the COMPANY's Board of Directors will be entitled to determine the recipients of such option grants subject to the terms of HOLDING's stock option plan and applicable law.

HOLDING Options. HOLDING agrees that at the Closing, it shall reserve and set aside options to purchase shares of HOLDING Stock to be allocated to the officers and employees of the COMPANY and the Other Founding Companies representing, in the aggregate, 6% of the HOLDING Stock outstanding as of the close of the IPO. Half of such options shall be allocated equally among the COMPANY and the Other Founding Companies, and the other half of such options shall be allocated among the COMPANY and the other Other Founding Companies based on their relative valuations determined by reference to the aggregate consideration to be paid to their respective stockholders pursuant to this Agreement and the Other Agreements. Following consummation of the IPO, the COMPANY's Board of Directors will be entitled to determine the recipients of such option grants subject to the terms of HOLDING's stock option plan and applicable law.