Underwritten Public Offering. Notwithstanding paragraph 2 above, in the event of an underwritten public offering of Common Stock of the Company or by an Affiliate of the Company on or after January 1, 1997, Optionee shall become 50% vested in the nonvested portion of the Option awarded to such Optionee, determined as of the date of the underwritten public offering. In such event, the remaining nonvested portion of the Option awarded to Optionee, after application of the subparagraph (b), shall thereafter become vested as follows:
Appears in 4 contracts
Samples: Stock Option Agreement (Cohr Inc), Stock Option Agreement (Cohr Inc), Stock Option Agreement (Cohr Inc)
