Common use of Age 65 Clause in Contracts

Age 65. Notwithstanding the foregoing, the Time-Based Vesting Criteria applicable to all Options held by an Optionee shall be deemed 100% satisfied upon the Optionee’s attainment of age 65; provided that such Options shall remain subject to any applicable Performance Objective that remains unsatisfied as of such date.

Appears in 2 contracts

Sources: Stock Option Agreement (Danaher Corp /De/), Stock Option Agreement (Danaher Corp /De/)

Age 65. Notwithstanding the foregoing, the Time-Based Vesting Criteria applicable to all Options held by an Optionee shall be deemed 100% satisfied upon the Optionee’s attainment of age 6565 while employed; provided that such Options shall remain subject to any applicable Performance Objective that remains unsatisfied as of such date.

Appears in 1 contract

Sources: Stock Option Agreement (Danaher Corp /De/)

Age 65. Notwithstanding the foregoing, the Time-Based Vesting Criteria applicable to all Options held by an Optionee shall be deemed 100% satisfied upon the Optionee’s attainment of age 65; provided that such Options shall remain subject to any applicable Performance Objective that remains unsatisfied as of such date.

Appears in 1 contract

Sources: Stock Option Agreement (Danaher Corp /De/)