Time Vesting. Subject to paragraphs (b), (c) and (d) of this Section 2, the Option shall vest and become exercisable in full on the ninth anniversary of the purchase of shares of common stock of Sheridan pursuant to the Offer (the date of such purchase being the "Purchase Date").
Appears in 5 contracts
Samples: Subscription and Tender Agreement (Vestar Sheridan Inc), Subscription and Tender Agreement (Vestar Sheridan Inc), Subscription and Tender Agreement (Vestar Sheridan Inc)