Common use of NQO Shares Clause in Contracts

NQO Shares. Unless expired as provided in paragraph 5 below, and subject to the special provisions of paragraph 6 below, the Option for NQO Shares may be exercised from time to time in whole or in part for not more than 25% of the entire number of NQO Shares at any time after the first anniversary of the Date of Grant, and an additional 25% of the total NQO Shares on each of the three (3) succeeding anniversaries of the Date of Grant.

NQO Shares. Unless expired as provided in paragraph 5 below, and subject to the special provisions of paragraph 6 below, the Option for NQO Shares may be exercised from time to time in whole or in part for not more than 25(i) 33.3% of the entire number of NQO Shares at any time after the first anniversary of the Date of Grant, and an additional 25(ii) 66.6% of the total entire number of NQO Shares on each at any time after the second anniversary of the three Date of Grant and (3iii) succeeding anniversaries the entire number of NQO Shares at any time after the third anniversary of the Date of Grant.

NQO Shares. Unless expired as provided in paragraph 5 below, and subject to the special provisions of paragraph 6 below, the Option for NQO Shares may be exercised from time to time in whole or in part for not more than 2533% of the entire number of NQO Shares at any time after the first anniversary of the Date of Grant, and an additional 2533% of the total NQO Shares on each of the three two (32) succeeding anniversaries of the Date of Grant.

NQO Shares. Unless expired as provided in paragraph 5 below, and subject to the special provisions of paragraph 6 below, the Option for NQO Shares may be exercised from time to time in whole or in part for not more than (i) 25% of the entire number of NQO Shares at any time after the first anniversary of the Date of Grant, and an additional 25(ii) 50% of the total entire number of NQO Shares on each at any time after the second anniversary of the three Date of Grant; (3iii) succeeding anniversaries 75% of the entire number of NQO Shares at any time after the third anniversary of the Date of Grant and (iv) the entire number of NQO Shares at any time after the fourth anniversary of the Date of Grant.