Time of Exercise of Option. (a) The Option will become exercisable in quarterly 5% increments beginning on the last day of the calendar quarter during which the Grant Date occurs and each subsequent last day of each following calendar quarter until the Option becomes fully exercisable on the last day of the calendar quarter immediately preceding the fifth anniversary of the Grant Date.
Appears in 5 contracts
Samples: Non Statutory Stock Option Agreement (Wh Holdings Cayman Islands LTD), Non Statutory Stock Option Agreement (Wh Intermediate Holdings LTD), Form of Non Statutory Stock Option Agreement (Herbalife International Inc)
Time of Exercise of Option. (a) The Option will become vested and exercisable (if applicable, pro rata according to the number of Shares exercisable at different exercise prices specified above) in quarterly 5% increments beginning on the last day of the calendar quarter during which the Grant Date occurs and each subsequent last day of each following calendar quarter until the Option becomes fully exercisable on the last day of the calendar quarter immediately preceding the fifth anniversary of the Grant Date.
Appears in 2 contracts
Samples: Non Statutory Stock Option Agreement (Wh Holdings Cayman Islands LTD), Non Statutory Stock Option Agreement (Wh Intermediate Holdings LTD)
