Common use of Exercisability of the Option Clause in Contracts

Exercisability of the Option. (i) Subject to the Participant’s continued service to the Company or an Affiliate and except as may otherwise be provided herein, the Option shall become vested and exercisable as to 25% of the Option Shares on each of the first four anniversaries of the Date of Grant.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Affinion Group, Inc.), Nonqualified Stock Option Agreement (Affinion Group, Inc.)

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Exercisability of the Option. (i) Subject to the Participant’s continued service to employment with the Company or an Affiliate and except as may otherwise be provided herein, the Option shall become vested and exercisable as to twenty-five percent (25% %) of the Option Shares on each of the first four through fourth anniversaries of the Date of Grant.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Las Vegas Sands Corp)

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Exercisability of the Option. (i) Subject to the Participant’s continued service to employment with the Company or an Affiliate and except as may otherwise be provided herein, the Option shall become vested and exercisable as to 25% (___%) of the Option Shares on each of the first four through anniversaries of the Date of Grant.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Las Vegas Sands Corp)

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