Common use of Tranche 1 Clause in Contracts

Tranche 1. The Tranche 1 Options will vest and become exercisable with respect to 25% of the Tranche 1 Options on each of the first, second, third and fourth anniversaries of the Grant Date.

Appears in 3 contracts

Sources: Non Qualified Stock Option Agreement (CC Media Holdings Inc), Non Qualified Stock Option Agreement (CC Media Holdings Inc), Non Qualified Stock Option Agreement (CC Media Holdings Inc)