Initial Performance Vesting

Initial Performance Vesting. Subject to and except as provided in paragraphs 7 and 8 below, the Option Shares shall be subject to "Initial Performance Vesting" as follows, based on the percentage of the Performance Target achieved for the 2001 fiscal year, calculated by adding (i) the product of .7 times actual Company revenue for the year ending December 3 1, 2001, plus (ii) the product of .3 times actual Company EBITDA for the year ending December 31, 2001: Amount Vested more than $5,502,000, less than... $5,845,875 80 % more than $5,845,875, less than $6,189,750 85 % more than $6,189,750, less than $6,533,625 90 % more than $6,533,625, less than $6,877,000 95 % more than $6,877,000 100 % View More