Vesting, Exercisability and Termination. Fifty percent (50%) of this Stock Option shall be subject to time-based vesting criteria (the “Time-Vesting Options”), and fifty percent (50%) of such Stock Option shall be subject to performance-based vesting criteria (the “Performance-Vesting Options”). No portion of this Stock Option may be exercised until such portion shall have vested. Except as set forth below, and subject to the terms and conditions set forth in the Plan, determination of the Committee in its sole discretion to accelerate the vesting schedule hereunder, this Stock Option shall become vested and exercisable as follows:
Appears in 5 contracts
Samples: Non Qualified Stock Option Agreement (Hayward Holdings, Inc.), Non Qualified Stock Option Agreement (Hayward Holdings, Inc.), Non Qualified Stock Option Agreement (Hayward Holdings, Inc.)
Vesting, Exercisability and Termination. Fifty One hundred percent (50100%) of this Stock Option shall be subject to time-based vesting criteria (the “Time-Vesting Options”), and fifty percent (50%) of such Stock Option shall be subject to performance-based vesting criteria (the “Performance-Vesting Options”)criteria. No portion of this Stock Option may be exercised until such portion shall have vested. Except as set forth below, and subject to the terms and conditions set forth in the Plan, determination of the Committee in its sole discretion to accelerate the vesting schedule hereunder, this Stock Option shall become vested and exercisable as follows:
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Hayward Holdings, Inc.)
