Examples of Original Grant Date in a sentence
No Options shall be exercisable after the tenth anniversary of the Original Grant Date.
The Option is restated pursuant to the authorization of the Compensation Committee of the Company’s Board of Directors on November 28, 2007 (the “Effective Date”) and may not be exercised later than the tenth anniversary of the Original Grant Date, subject to earlier termination as provided in the Plan.
This Option shall not be exercisable in any event after the expiration of ten years from the Original Grant Date.
Notwithstanding the foregoing provisions of this Section 3, in no event may the Option be exercised, in whole or in part, more than ten years following the Original Grant Date, or after the occurrence of an event referred to in Section 7 below that results in termination of the Option.
These Options expire ten years from the Original Grant Date (the “Expiration Date”), subject to the provisions of the NewCo Plan and this Agreement, which may provide for earlier expiration in certain instances, including Optionee’s termination of employment.
The term of the Option shall expire at 4:00 pm local New York City time on the tenth anniversary of the Original Grant Date (the “Expiration Date”), unless terminated earlier in accordance with the Plan and this Agreement.
If a Termination of Employment occurs prior to the vesting in full of the New Cardinal Health Restricted Shares by reason of Awardee’s Retirement, but at least 6 months from the Original Grant Date, then a Ratable Portion of each installment of the New Cardinal Health Restricted Shares that would have vested on each future Vesting Date shall immediately vest and not be forfeited.
Such Ratable Portion shall, with respect to the applicable installment, be an amount equal to such installment of the New Cardinal Health Restricted Shares scheduled to vest on the applicable Vesting Date multiplied by a fraction, the numerator of which shall be the number of days from the Original Grant Date through the date of such termination, and the denominator of which shall be the number of days from the Original Grant Date through such Vesting Date.
This option shall have a term of ten (10) years measured from the Original Grant Date and shall accordingly expire at the close of business on the Expiration Date, unless sooner terminated in accordance with Paragraph 5 or 6.
Any previously vested Tranche 1 Options shall remain vested, and any remaining unvested Tranche 1 Options shall continue to vest pursuant to the original vesting schedule which commenced as of the Original Grant Date.