Common use of Performance Option Clause in Contracts

Performance Option. If the Company, on a consolidated basis, achieves its annual EBITDA targets as set forth in Schedule A attached hereto (each an “EBITDA Target” or “Annual Performance Target”) for the applicable given Fiscal Year, then the Performance Option shall be eligible to become vested and exercisable as to a percentage of the Shares subject to such Option at the end of each of the six Fiscal Years as follows:

Appears in 5 contracts

Samples: Stock Option Agreement (Dollar General Corp), Stock Option Agreement (Dollar General Corp), Stock Option Agreement (Dollar General Corp)

AutoNDA by SimpleDocs

Performance Option. (A) If the Company, on a consolidated basis, Company achieves its annual the applicable EBITDA targets as set forth for each of the Fiscal Years 2012 through 2016 in Schedule A attached hereto (each an “EBITDA Target” or “Annual Performance Target”) for the applicable given Fiscal Year), then the Performance Option shall be eligible to become vested and exercisable as with respect to a percentage 20% of the Shares subject to such Option at the end of each of the six Fiscal Years as follows:Year.

Appears in 3 contracts

Samples: Stock Option Agreement, Form of Stock Option Agreement (Del Monte Corp), Form of Stock Option Agreement (Del Monte Corp)

Performance Option. If the Company, on a consolidated basis, achieves its annual EBITDA targets as set forth in Schedule A attached hereto (each an “EBITDA Target” or “Annual Performance Target”) for the applicable given Fiscal Year, then the Performance Option shall be eligible to become vested and exercisable as to a percentage of the Shares subject to such Option at the end of each of the six five Fiscal Years as follows:

Appears in 3 contracts

Samples: Stock Option Agreement (Dollar General Corp), Stock Option Agreement (Dollar General Corp), Stock Option Agreement (Dollar General Corp)

Performance Option. (A) If the Company, on a consolidated basis, Company achieves its annual the applicable EBITDA targets as set forth in for each of the Fiscal Years 2014 through 2018 as set forth on Schedule A attached hereto (each an “EBITDA Target” or “Annual Performance Target”) for the applicable given Fiscal Year), then the Performance Option shall be eligible to become vested and exercisable as with respect to a percentage 20% of the Shares subject to such Option at the end of each of the six such Fiscal Years as follows:Year.

Appears in 2 contracts

Samples: Stock Option Agreement (Gardner Denver Holdings, Inc.), Stock Option Agreement (Gardner Denver Holdings, Inc.)

Performance Option. (A) If the Company, on a consolidated basis, Company achieves its annual the applicable EBITDA targets as set forth in for each of the Fiscal Years 2016 through 2020 as set forth on Schedule A attached hereto (each an “EBITDA Target” or “Annual Performance Target”) for the applicable given Fiscal Year), then the Performance Option shall be eligible to become vested and exercisable as with respect to a percentage 20% of the Shares subject to such Option at the end of each of the six such Fiscal Years as follows:Year.

Appears in 2 contracts

Samples: Stock Option Agreement, Stock Option Agreement (Gardner Denver Holdings, Inc.)

AutoNDA by SimpleDocs

Performance Option. (A) If the Company, on a consolidated basis, Company achieves its annual the applicable EBITDA targets as set forth in for each of the Fiscal Years 2016 through 2020 as set forth on Schedule A attached hereto (each an “EBITDA Target” or “Annual Performance Target”) for the applicable given Fiscal Year), then the Performance Option shall be eligible to become vested and exercisable as with respect to a percentage 20% of the Shares subject to such Option at the end of each of the six such Fiscal Years as followsYear; provided that:

Appears in 1 contract

Samples: Stock Option Agreement (Gardner Denver Holdings, Inc.)

Performance Option. (A) If the Company, on a consolidated basis, Company achieves its annual the applicable EBITDA targets as set forth in for each of the Fiscal Years 2016 through 2018 as set forth on Schedule A attached hereto (each an “EBITDA Target” or “Annual Performance Target”) for the applicable given Fiscal Year), then the Performance Option shall be eligible to become vested and exercisable as with respect to a percentage 33.3% of the Shares subject to such Option at the end of each of the six such Fiscal Years as followsYear; provided that:

Appears in 1 contract

Samples: Stock Option Agreement (Gardner Denver Holdings, Inc.)

Performance Option. (A) If the Company, on a consolidated basis, Company achieves its annual the applicable EBITDA targets as set forth in for each of the Fiscal Years 2015 through 2018 as set forth on Schedule A attached hereto (each an “EBITDA Target” or “Annual Performance Target”) for the applicable given Fiscal Year), then the Performance Option shall be eligible to become vested and exercisable as with respect to a percentage 25% of the Shares subject to such Option at the end of each such Fiscal Year; provided, that the Performance Option in respect of the six Fiscal Years Year 2015 shall be treated as follows:a Time Option.

Appears in 1 contract

Samples: Stock Option Agreement (Gardner Denver Holdings, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!