Common use of Equity Vests Clause in Contracts

Equity Vests. In addition, all restrictions shall be removed from the restricted stock grant shares and the vesting and exercise of Executive’s stock options shall be governed by the applicable restricted stock and stock option plan of the Company.

Appears in 2 contracts

Sources: Executive Employment Agreement (FelCor Lodging Trust Inc), Executive Employment Agreement (FelCor Lodging Trust Inc)

Equity Vests. In addition, all restrictions shall be removed from the restricted stock grant shares and the vesting and exercise of Executive’s stock options shall be governed by the applicable restricted stock and stock option plan of contract between Executive and the Company.

Appears in 1 contract

Sources: Executive Employment Agreement (FelCor Lodging Trust Inc)