Vested Portion. At any time, the portion of an Option which has become vested, as described in Section 3 of this Agreement; provided, that an Option whose aggregate Option Price is not paid by the withholding of Shares shall vest with respect to whole Shares only, with partial Shares being rounded up to the nearest whole integer.
Appears in 3 contracts
Sources: Nonqualified Stock Option Agreement (New Skies Satellites Holdings Ltd.), Nonqualified Stock Option Agreement (New Skies Satellites Holdings Ltd.), Nonqualified Stock Option Agreement (New Skies Satellites Holdings Ltd.)