Common use of Performance Option Clause in Contracts

Performance Option. The Performance Option shall become vested and exercisable as to 100% of the shares subject to such option on the eighth anniversary of the Grant Date; provided, however, that the exercisability of the Performance Option will be accelerated as to 20% of the shares of Common Stock subject to such Option at the end of each of the first five Fiscal Years occurring after the Grant Date, if and only if Holdco achieves both the EBITDA and Free Cash Flow performance targets set forth on Schedule A attached hereto (each, an “Annual Performance Target”). In the event that an Annual Performance Target is not achieved in a particular Fiscal Year, the vesting of the Performance Option shall accelerate if both Annual Performance Targets are achieved in any subsequent fiscal year, such that the Performance Option shall vest as if all prior Annual Performance Targets had been met.

Performance Option. The Performance Option shall become vested and exercisable as to 100% of the shares subject to such option on the eighth anniversary of the Grant Date; provided, however, that the exercisability of the Performance Option will be accelerated as to 20% of the shares of Common Stock subject to such Option at the end of each of the first five Fiscal Years occurring after the Grant Date, if and only if Holdco the Company achieves both the EBITDA and Free Cash Flow performance targets set forth on Schedule A attached hereto (each, an “Annual Performance Target”). In the event that an Annual Performance Target is not achieved in a particular Fiscal Year, the vesting of the Performance Option shall accelerate if both Annual Performance Targets are achieved in any subsequent fiscal year, such that the Performance Option shall vest as if all prior Annual Performance Targets had been met.

Performance Option. The Performance Option shall become vested and exercisable as to 100% of the shares subject to such option on the eighth anniversary of the Grant Date; provided, however, that the exercisability of the Performance Option will be accelerated as to 20% of the shares of Common Stock subject to such Option at the end of each of the first five Fiscal Years occurring after the Grant Date, if and only if Holdco the Company achieves both the EBITDA and Free Cash Flow performance targets set forth on Schedule A attached hereto (each, an “Annual Performance Target”). In the event that an Annual Performance Target is not achieved in a particular Fiscal Year, the vesting of the Performance Option shall accelerate if both the subsequent Annual Performance Targets Target(s) are achieved in any subsequent fiscal yearachieved, such that the Performance Option shall vest as if all prior Annual Performance Targets had been met.