Common use of Exercisable Clause in Contracts

Exercisable. Prior to the first anniversary of the date of this Agreement None After the first anniversary of the date of this Agreement One-fifth After the second anniversary of the date of this Agreement Two-fifths After the third anniversary of the date of this Agreement Three-fifths After the fourth anniversary of the date of this Agreement Four-fifths After the fifth anniversary of the date of this Agreement All

Appears in 7 contracts

Sources: Stock Option Agreement (Centerpoint Properties Trust), Stock Option Agreement (Centerpoint Properties Trust), Stock Option Agreement (Centerpoint Properties Trust)