Common use of Vesting of Management Option Shares Clause in Contracts

Vesting of Management Option Shares. The Management Option Shares will become vested (regardless of whether the corresponding Management Options have been exercised) on the fifth anniversary of the date hereof if Executive is, and has been, continuously employed by the Company or its Subsidiaries from the date of this Agreement through such date; provided that all of the outstanding Management Option Shares will become vested upon the occurrence of a Sale of the Company. The Management Option Shares which have vested as set forth above will be hereafter referred to as "Vested Management Option Shares" and the Management Option Shares which have not vested will be hereafter referred to as "Unvested Management Option Shares."

Vesting of Management Option Shares. The Management Option ----------------------------------- Shares will become vested (regardless of whether the corresponding Management Options have been exercised) on the fifth anniversary of the date hereof if Executive is, and has been, continuously employed by the Company or its Subsidiaries from the date of this Agreement through such date; provided that all of the outstanding Management Option Shares will become vested upon the occurrence of a Sale of the Company. The Management Option Shares which have vested as set forth above will be hereafter referred to as "Vested Management ----------------- Option Shares" and the Management Option Shares which have not vested will be ------------- hereafter referred to as "Unvested Management Option Shares."" ---------------------------------