Executive Severance Agreement. If Optionee has executed an Executive Severance Agreement with the Company, the Option will be Vested in accordance with the terms of the Executive Severance Agreement if Optionee becomes entitled to the receipt of "Severance Benefits," as set forth in that Executive Severance Agreement and sixteen (16) days have passed following the execution of a standard form of "Waiver & Release" of claims and compliance with the "Conditions" by Optionee as set forth in the Company's standard Executive Severance Agreement.
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Samples: Stock Option Agreement (U S West Inc /De/), Non Qualified Stock Option Agreement (Mediaone Group Inc), Qualified Stock Option Agreement (Us West Inc)
Executive Severance Agreement. If Optionee has executed an Executive Severance Agreement with the Company, the Option will be Vested in accordance with the terms of the Executive Severance Agreement if if: (1) Optionee becomes entitled to the receipt of "Severance Benefits," as set forth in that Executive Severance Agreement Agreement; and (2) sixteen (16) calendar days have passed following (i) the execution of a standard form of "Waiver & Release" of claims and (ii) compliance with the "Conditions" by Optionee as set forth in the Company's standard Executive Severance Agreement.
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