Common use of Performance Condition Not Achieved before the Third Anniversary of the Date of Grant Clause in Contracts

Performance Condition Not Achieved before the Third Anniversary of the Date of Grant. Except in the event of death, Disability or a Change of Control prior to the third anniversary of the Date of Grant (in which case the terms set forth in the Grant Agreement will apply and, for the avoidance of doubt, the performance condition will no longer be applicable), if the performance condition is not achieved by the third anniversary of the Date of Grant, no portion of the Performance Option Shares will become exercisable and the Performance Option Shares shall be forfeited.

Appears in 6 contracts

Samples: Nonqualified Stock Option Grant Agreement (HMS Holdings Corp), Nonqualified Stock Option Grant Agreement (HMS Holdings Corp), Nonqualified Stock Option Grant Agreement (HMS Holdings Corp)

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Performance Condition Not Achieved before the Third Anniversary of the Date of Grant. Except in the event of death, Disability or a Change of Control prior to the third anniversary of the Date of Grant (in which case the terms set forth in the Grant Agreement will apply and, for the avoidance of doubt, the performance condition will no longer be applicable), if the performance condition is not achieved by the third anniversary of the Date of Grant, no portion of the Performance Option Shares RSUs will become exercisable vest and the Performance Option Shares RSUs shall be forfeited.

Appears in 5 contracts

Samples: HMS Holdings Corp, HMS Holdings Corp, HMS Holdings Corp

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