Acceleration of Option Vesting; Lapse of Restrictions on Shares of Stock. If upon the date of termination of Executive’s employment Executive holds any options with respect to stock of the Company, all such options will immediately become vested and exercisable upon such date and will be exercisable for 36 months thereafter. Any restrictions on stock of the Company owned by Executive on the date of termination of his employment will lapse on such date.
Appears in 4 contracts
Samples: Employment Agreement (Modine Manufacturing Co), Employment Agreement (Modine Manufacturing Co), Employment Agreement (Modine Manufacturing Co)
