Time Vesting Option. As of the Date of Grant, the Time Vesting Option shall become vested and exercisable with respect to 20% of the Shares subject thereto. On each of the first five anniversaries of the Date of Grant, provided the Optionee is then in the employ of the Company or a Subsidiary, the Time Vesting Option shall become vested and exercisable with respect to an additional 16% of the Shares subject thereto.
Appears in 5 contracts
Samples: 1 (Thermadyne Holdings Corp /De), 1 (Thermadyne Holdings Corp /De), 1 (Thermadyne Holdings Corp /De)
