Common use of Benefits Upon Change of Control Clause in Contracts

Benefits Upon Change of Control. (a) In the event of a Change of Control (i) any stock options previously granted to the Employee under any Company stock option or equity compensation plan which have not yet vested shall become vested, and (ii) any restricted stock previously granted to the Employee under any Company equity compensation plan which has not yet vested or become freely transferable shall become vested and freely transferable.

Appears in 6 contracts

Samples: Agreement (Cmac Investment Corp), Agreement (Cmac Investment Corp), Agreement (Radian Group Inc)

AutoNDA by SimpleDocs

Benefits Upon Change of Control. (a) ). In the event of a Change of Control (i) any stock options previously granted to the Employee under any Company stock option or equity compensation plan which have not yet vested shall become vested, and (ii) any restricted stock previously granted to the Employee under any Company equity compensation plan which has not yet vested or become freely transferable shall become vested and freely transferable.

Appears in 1 contract

Samples: Agreement (Radian Group Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.