Common use of Performance Option Clause in Contracts

Performance Option. Subject to Section 7, the Option to purchase up to 34,577 of the Class A Shares subject to the Option (the “Performance Option”) shall be eligible to become vested and exercisable as set forth on Exhibit A, subject to the Employee’s continued employment on the applicable vesting date.

Appears in 2 contracts

Samples: Option Agreement (Intelsat LTD), Option Agreement (Intelsat LTD)

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Performance Option. Subject to Section 7, the Option to purchase up to 34,577 13,182 of the Class A Shares subject to the Option (the “Performance Option”) shall be eligible to become vested and exercisable as set forth on Exhibit A, subject to the Employee’s continued employment on the applicable vesting date.

Appears in 1 contract

Samples: Option Agreement (Intelsat LTD)

Performance Option. Subject to Section 7, the Option to purchase up to 34,577 20,280 of the Class A Shares subject to the Option (the “Performance Option”) shall be eligible to become vested and exercisable as set forth on Exhibit A, subject to the Employee’s continued employment on the applicable vesting date.

Appears in 1 contract

Samples: Option Agreement (Intelsat LTD)

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Performance Option. Subject to Section 7, the Option to purchase up to 34,577 136,916 of the Class A Shares subject to the Option (the “Performance Option”) shall be eligible to become vested and exercisable as set forth on Exhibit A, subject to the Employee’s continued employment on the applicable vesting date.

Appears in 1 contract

Samples: Option Agreement (Intelsat LTD)

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