Common use of Vesting and Exercisability of Option Clause in Contracts

Vesting and Exercisability of Option. Subject to Sections 6 and 7 hereof, provided that the Grantee continues to serve as an employee of the Company or any of its Subsidiaries, the Option shall vest and become exercisable on the third anniversary of the Grant Date.

Appears in 4 contracts

Samples: Nonqualified Stock Option Agreement (Cloud Peak Energy Resources LLC), Nonqualified Stock Option Agreement (Cloud Peak Energy Resources LLC), Nonqualified Stock Option Agreement (Cloud Peak Energy Resources LLC)

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Vesting and Exercisability of Option. Subject to Sections Section 6 and 7 hereofSection 7, provided that the Grantee continues to serve as an employee of the Company or any of its Subsidiariessubsidiaries, the Option shall vest and become exercisable on the third anniversary of the Grant Date.

Appears in 1 contract

Samples: Ipo Nonqualified Stock Option Agreement (Cloud Peak Energy Inc.)

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Vesting and Exercisability of Option. Subject to Sections Section 6 and 7 hereofSection 7, provided that the Grantee continues to serve as an employee of the Company or any of its Subsidiaries, the Option shall vest and become exercisable on the third anniversary of the Grant Date.

Appears in 1 contract

Samples: Ipo Nonqualified Stock Option Agreement (Cloud Peak Energy Inc.)

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