Common use of Company Equity Awards Clause in Contracts

Company Equity Awards. Executive shall automatically become vested in one hundred percent (100%) all of Executive’s earned-but-unvested Equity Awards. For this purposes, an “earned-but-unvested Equity Award” means an Equity Award or any portion thereof that remains subject to a substantial risk of forfeiture until both (i) one or more applicable corporate financial or other business performance goals have been satisfied as of the Termination Date and (ii) Executive’s service with Company has continued through a specified date, and with respect to such Equity Award the condition specified in clause (i) of this sentence has been satisfied but the condition specified in clause (ii) of this sentence has not been satisfied. The foregoing provision is hereby deemed to be a part of each agreement evidencing each applicable Equity Award to which Executive is a party and to supersede any contrary provision in any such agreement unless such agreement specifically refers to and disclaims this Section 8.2(b).