Accelerated Vesting of Options. If Executive dies prior to the expiration of the Term, or if there is a “Change of Control” (as defined below) at SMG, Employer or Salem during the Term, any unvested or time-vested stock options previously granted to Executive by Employer shall become immediately one hundred percent (100%) vested as of the date of death or Change in Control.
Appears in 5 contracts
Samples: Salem Media Group, Inc. /De/, Salem Media Group, Inc. /De/, Salem Media Group, Inc. /De/
Accelerated Vesting of Options. If Executive dies prior to the expiration of the Term, or if there is a “Change of Control” (as defined below) at SMG, Employer or Salem during the Term, any unvested or time-vested stock options previously granted to Executive by Employer shall become immediately one hundred percent (100%) vested as of the date of the death or Change in Control.
Appears in 4 contracts
Samples: Salem Media Group, Inc. /De/, Salem Media Group, Inc. /De/, Salem Media Group, Inc. /De/