Ordinary Vesting. Except as provided in Section 3(b), Option Shares shall vest at the rate of Twenty-five percent (25%) per annum each of the first four anniversary dates of the Grant Date provided that the Optionee remains continuously employed by the Stratus Group through each applicable anniversary date.
Appears in 3 contracts
Samples: Management Stock Option Agreement, Employee Stock Option Agreement (Stratus Technologies Bermuda Holdings Ltd.), Employee Stock Option Agreement (Stratus Technologies International Sarl)
Ordinary Vesting. Except as provided in Section 3(b), Option Shares shall vest at the rate of Twentytwenty-five percent (25%) per annum each of the first four anniversary dates of the Grant Date provided that the Optionee remains continuously employed by the Stratus Group through each applicable anniversary date.
Appears in 2 contracts
Samples: MGMT Stock Option Agreement (Stratus Technologies Bermuda Holdings Ltd.), Management Stock Option Agreement (Stratus Technologies International Sarl)
