Common use of Performance-Based Vesting Clause in Contracts

Performance-Based Vesting. A portion of the Option equal to 7,750 shares of each class of Common Stock (the “Performance-Vested Option”) shall vest and become exercisable as provided below; provided, that the Participant has not experienced a Termination prior to such date.

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (99 Cents Only Stores LLC), Non Qualified Stock Option Agreement (99 Cents Only Stores LLC), Agreement (99 Cents Only Stores LLC)

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Performance-Based Vesting. A portion of the Option equal to 7,750 5,000 shares of each class of Common Stock (the “Performance-Vested Option”) shall vest and become exercisable as provided below; provided, that the Participant has not experienced a Termination prior to such date.

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (99 Cents Only Stores LLC), Non Qualified Stock Option Agreement (99 Cents Only Stores LLC), Agreement (99 Cents Only Stores LLC)

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Performance-Based Vesting. A portion of the Option equal to 7,750 1,250 shares of each class of Common Stock (the “Performance-Vested Option”) shall vest and become exercisable on the date the Option Hurdle (as provided defined below) is satisfied; provided, that except as provided below, the Participant has not experienced a Termination prior to such date.

Appears in 1 contract

Samples: Agreement (99 Cents Only Stores LLC)

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