Tranche B Options. All of the Tranche B Options shall become Vested Options on the eighth anniversary of the Grant Date; provided, however, that in the event the Investor IRR equals or exceeds 20% prior to the eighth anniversary, the Tranche B Options will vest as of the date that such Investor IRR is realized.
Appears in 4 contracts
Samples: Option Agreement (Affinion Loyalty Group, Inc.), Option Agreement (Affinion Loyalty Group, Inc.), Option Agreement (Affinion Group, Inc.)
