Fully Vested. As of the date of this Amendment, all Options issued to the Executive have fully vested under Section 6(c) of the Agreement.
Fully Vested. Pursuant to Section 8.1, a Participant’s Company Qualified Non-Elective Contribution Account shall be fully vested at all times.
Fully Vested. One hundred percent (100%) of the SAR Shares shall be exercisable as of the Grant Date; provided, however, that in the event the Participant is removed from service on the Board for cause, any unexercised portion of the SAR as of the effective date of the Participant’s termination of service shall be forfeited.
Fully Vested. 3C Upon execution of this Agreement by both Parties, HDI’S rights to receive the cash component payments under Section 3.A(ii) above, and to receive the Stock Component of 2,125,000 shares of NB common stock under Section 3.B above, shall be fully vested, irrevocable and not subject to any further conditions or performance by HDI