Vesting of the Time Option. Subject to the Participant’s continued Employment through the applicable vesting date, the Time Option shall vest and become exercisable with respect to twenty percent (20%) of the Shares subject to such Time Option on each of the first five anniversaries of the Vesting Reference Date. Notwithstanding the foregoing, in the event of a Change in Control, the Time Option shall, to the extent not then vested or previously forfeited or cancelled, become fully vested and exercisable.
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Samples: Stock Incentive Plan (Catalent Pharma Solutions, Inc.), Stock Incentive Plan (Catalent Pharma Solutions, Inc.)
Vesting of the Time Option. Subject to the Participant’s continued Employment through the applicable vesting date, the Time Option shall vest and become exercisable with respect to twenty percent (20%) of the Shares subject to such Time Option on each of the first five anniversaries of the Vesting Reference DateDate of Grant. Notwithstanding the foregoing, in the event of a Change in Control, the Time Option shall, to the extent not then vested or previously forfeited or cancelled, become fully vested and exercisable.
Appears in 2 contracts
Samples: Stock Incentive Plan (Catalent Pharma Solutions, Inc.), Stock Incentive Plan (Catalent Pharma Solutions, Inc.)
Vesting of the Time Option. Subject to the Participant’s continued Employment through the applicable vesting dateEmployment, the Time Option shall vest and become exercisable with respect to twenty percent (20%) of the Shares subject to such Time Option on each of the first five anniversaries of the Vesting Reference DateDate of Grant. Notwithstanding the foregoing, in the event of a Change in Control, the Time Option shall, to the extent not then vested or previously forfeited or cancelled, become fully vested and exercisable.
Appears in 2 contracts
Samples: Stock Incentive Plan (R.P. Scherer Technologies, Inc.), Stock Incentive Plan (R.P. Scherer Technologies, Inc.)
Vesting of the Time Option. Subject to the Participant’s 's continued Employment through with the applicable vesting dateCompany and its Affiliates, the Time Option shall vest and become exercisable with respect to twenty percent (20%) of the Shares subject to such Time Option on each the first anniversary of the first five anniversaries Date of Grant and shall vest and become exercisable with respect to an additional twenty percent (20%) of the Vesting Reference Date. Notwithstanding the foregoing, in the event of a Change in Control, Shares subject to the Time Option shallon each subsequent anniversary of the Date of Grant (each such anniversary, a "TIME OPTION VESTING DATE"), until such Shares subject to the extent not then vested or previously forfeited or cancelled, become fully Time Option are 100% vested and exercisable.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (Cpi Holdco Inc)
Vesting of the Time Option. Subject to the Participant’s continued Employment through the applicable vesting dateEmployment, the Time Option shall vest and become exercisable with respect to twenty percent (20%) of the Shares subject to such Time Option on each of the first five anniversaries of the Vesting Reference DateApril 2, 2007. Notwithstanding the foregoing, in the event of a Change in Control, the Time Option shall, to the extent not then vested or previously forfeited or cancelled, become fully vested and exercisable.
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Vesting of the Time Option. (i) Subject to the Participant’s continued Employment through the applicable vesting dateEmployment, the Time Option shall vest and become exercisable with respect to twenty percent (20%) of the Shares subject to such Time Option on each of the first five anniversaries of the Vesting Reference DateMay 7, 2010. Notwithstanding the foregoing, in the event of a Change in Controlof Control that occurs during the Participant’s Employment, the Time Option shall, to the extent not then vested or previously forfeited or cancelled, become fully vested and exercisable.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (American Renal Associates Holdings, Inc.)