Vested Options. Subject to paragraph (b) below, the Option shall expire, and shall not be exercisable with respect to any vested Units hereunder as to which the Option has not been exercised, on the first to occur of (a) the 10th anniversary of the Award Date or (b) one year after the Participant ceases to be an Employee or consultant of the Company for any reason.
Appears in 4 contracts
Samples: 2006 Unit Option Agreement (Consolidated Container Co LLC), Consolidated Container (Consolidated Container Co LLC), 2005 Unit Option Agreement (Consolidated Container Co LLC)