Common use of AND EXERCISE Clause in Contracts

AND EXERCISE. The Compensation Committee has the authority to determine the time or times at which options granted under the plan may be exercised. The Compensation Committee may also accelerate the exercisability of options. The vesting of the new options will be in accordance with the vesting schedule of the surrendered options as described above.

Appears in 2 contracts

Sources: Exchange of Outstanding Stock Options (Casella Waste Systems Inc), Exchange of Outstanding Stock Options (Casella Waste Systems Inc)