Common use of Performance Condition Achieved prior to First Anniversary of Date of Grant Clause in Contracts

Performance Condition Achieved prior to First Anniversary of Date of Grant. If the performance condition is achieved prior to the first anniversary of the Date of Grant, the Performance Option Shares will become exercisable in equal installments pursuant to the following schedule: 1st anniversary of Date of Grant One-third of the Performance Option Shares 2nd anniversary of Date of Grant One-third of the Performance Option Shares 3rd anniversary of Date of Grant One-third of the Performance Option Shares

Appears in 4 contracts

Samples: Senior Vice President Nonqualified Stock Option Agreement (HMS Holdings Corp), Executive Nonqualified Stock Option Agreement (HMS Holdings Corp), Executive Nonqualified Stock Option Agreement (HMS Holdings Corp)

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Performance Condition Achieved prior to First Anniversary of Date of Grant. If the performance condition is achieved prior to the first anniversary of the Date of Grant, the Performance Option Shares will become exercisable in equal installments pursuant to the following schedule: 1st anniversary of Date of Grant One-third of the Performance Option Shares 2nd anniversary of Date of Grant One-third One -third of the Performance Option Shares 3rd anniversary of Date of Grant One-third of the Performance Option Shares

Appears in 1 contract

Samples: Senior Vice President Nonqualified Stock Option Agreement (HMS Holdings Corp)

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