Common use of Installment Exercise Clause in Contracts

Installment Exercise. Subject to such further limitations as are provided herein, the Option shall become exercisable in [four (4)] installments, the Participant having the right hereunder to purchase from the Company the following number of Option Shares upon exercise of the Option, on and after the following dates, in cumulative fashion: (a) on and after the anniversary of the Grant Date, up to % (ignoring fractional Shares) of the total number of Option Shares; (b) on and after the anniversary of the Grant Date, up to an additional % (ignoring fractional Shares) of the total number of Option Shares; (c) on and after the anniversary of the Grant Date, up to an additional % (ignoring fractional Shares) of the total number of Option Shares; and (d) on and after the anniversary of the Grant Date, the remaining Option Shares.]

Installment Exercise. Subject to such further limitations as are provided herein, the Option shall become exercisable in [four (4)[ ] installments, the Participant having the right hereunder to purchase from the Company Partnership the following number of Option Shares Units upon exercise of the Option, on and after the following dates, in cumulative fashion, if the Participant continues to be employed by, or provide service to Atlas through the applicable date: (a) [on and after the first anniversary of the Grant Date, up to % (ignoring fractional SharesUnits) of the total number of Option SharesUnits; (b) on and after the second anniversary of the Grant Date, up to an additional % (ignoring fractional SharesUnits) of the total number of Option SharesUnits; (c) on and after the third anniversary of the Grant Date, up to an additional % (ignoring fractional Shares) of the total number of Option Shares; and (d) on and after the fourth anniversary of the Grant Date, the remaining Option Shares.]

Installment Exercise. Subject to such further limitations as are provided herein, the Option shall become exercisable in [four (4)[ ] installments, the Participant having the right hereunder to purchase from the Company Partnership the following number of Option Shares Units upon exercise of the Option, on and after the following dates, in cumulative fashion: (a) [on and after the first anniversary of the Grant Date, up to % (ignoring fractional SharesUnits) of the total number of Option SharesUnits; (b) on and after the second anniversary of the Grant Date, up to an additional % (ignoring fractional SharesUnits) of the total number of Option SharesUnits; (c) on and after the third anniversary of the Grant Date, up to an additional % (ignoring fractional Shares) of the total number of Option Shares; and (d) on and after the fourth anniversary of the Grant Date, the remaining Option Shares.]