Exercise Event. The vested portion of this Option shall only become exercisable upon the occurrence of one of the following events (each individually an “exercise event”), whichever occurs first: (a) the Company undergoes a Change in Control as that term is defined in the Plan, (b) the Company completes an underwritten public offering of shares (“IPO”), or (c) nine (9) years from the Date of Grant.
Appears in 2 contracts
Sources: Non Qualified Stock Option Agreement (NCI, Inc.), Non Qualified Stock Option Agreement (NCI, Inc.)