Common use of Time Award Clause in Contracts

Time Award. The Time Award shall vest in equal installments on each of the first, second, third, fourth and fifth anniversaries of the Date of Grant, such that twenty percent (20%) of the Shares subject to the Time Award shall vest on each such anniversary, subject to the Participant’s continued Service through each applicable vesting date.

Appears in 2 contracts

Sources: Nonqualified Stock Option Award Agreement (Cotiviti Holdings, Inc.), Nonqualified Stock Option Award Agreement (Cotiviti Holdings, Inc.)

Time Award. The Time Award shall vest in equal installments on each of the first, second, third, fourth and fifth anniversaries of the Date of Grant, such that twenty percent (20%) % of the Shares shares subject to the such Time Award shall vest on each such anniversary, subject to the Participant’s continued Service through each applicable vesting date.

Appears in 2 contracts

Sources: Nonqualified Stock Option Award Agreement (INC Research Holdings, Inc.), Nonqualified Stock Option Award Agreement (INC Research Holdings, Inc.)

Time Award. The Time Award shall vest in equal installments on each of the first, second, third, fourth and fifth anniversaries of the Date of Grant, such that twenty percent (20%) of the Shares subject to the such Time Award shall vest on each such anniversary, subject to the Participant’s continued Service through each applicable vesting date.

Appears in 1 contract

Sources: Nonqualified Stock Option Award Agreement (Armored AutoGroup Inc.)