Common use of A Performance Clause in Contracts

A Performance. Option represents a right to acquire a Share against the Exercise Price pursuant to the terms and conditions of the Plan and this Agreement. The Grant vests on 23 April 2007 (being the third anniversary of the Date of Grant) or earlier in accordance with the detailed provisions of the Plan. Upon Vesting, a Performance Option shall be exercisable in accordance with the provisions of the Plan. A Performance Option shall lapse in accordance with the provisions of the Plan.

Appears in 4 contracts

Sources: Executive Long Term Incentive Plan Agreement (Aegon Nv), Executive Long Term Incentive Plan Agreement (Aegon Nv), Executive Long Term Incentive Plan Agreement (Aegon Nv)