One-third of the PCSO will vest on the later to occur of the first anniversary of the grant date, with continued service, or the satisfaction of a 15% share price increase within three years after the grant date, with continued service. (“15% Tranche”)
One-third of the PCSO will vest on the later to occur of the firstsecond anniversary of the grant date, with continued service, or the satisfaction of a 15%20% share price increase within threefour years after the grant date, with continued service. (“15%20% Tranche”)
One-The remaining one-third of the PCSO will vest on the later to occur of the firstthird anniversary of the grant date, with continued service, or the satisfaction of a 15%30% share price increase within threefive years afterof the grant date, with continued service. (“15%30% Tranche”)
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