Incentive Compensation and Options. The Company will pay you a cash lump sum equal to any unpaid Incentive Compensation (that is not otherwise paid to you) that you have been allocated or awarded under any existing bonus or incentive plans for measuring periods completed before you became entitled to Severance Benefits under this Agreement. All unvested options to purchase Company common stock will immediately vest and remain exercisable for the longest period of time permitted under the applicable stock option plan.
Appears in 9 contracts
Samples: Employment Agreement (Versar Inc), Employment Agreement (Versar Inc), Employment Agreement (Versar Inc)
Incentive Compensation and Options. The Company will pay you a cash lump sum equal to any unpaid Incentive Compensation incentive compensation (that is not otherwise paid to you) that you have been allocated or awarded under any existing bonus or incentive plans for measuring periods completed before you became entitled to Severance Benefits under this Agreement. All unvested options to purchase Company common stock will immediately vest and remain exercisable for the longest period of time permitted under the applicable stock option plan.
Appears in 8 contracts
Samples: Control Severance Agreement (Versar Inc), Control Severance Agreement (Versar Inc), Change of Control Severance Agreement (Versar Inc)
Incentive Compensation and Options. The Company will pay you a cash lump sum equal to any unpaid Incentive Compensation incentive compensation (that is not otherwise paid to you) that you have been allocated or awarded under any existing bonus or incentive plans for measuring periods completed before you became entitled to Severance Benefits under this Agreement. All unvested options to purchase Company common stock will immediately vest and remain exercisable for the longest period of time permitted under the applicable stock option plan. All unvested restricted stock awards awarded to you will immediately vest.
Appears in 6 contracts
Samples: Severance Agreement (Versar Inc), Control Severance Agreement (Versar Inc), Severance Agreement (Versar Inc)
Incentive Compensation and Options. The Company will pay you a cash lump sum equal to any unpaid Incentive Compensation (that is not otherwise paid to you) that you have been allocated or awarded under any existing bonus or incentive plans for measuring periods completed before you became entitled to Severance Benefits under this Agreement. All unvested options to purchase Company common stock will immediately vest and remain exercisable for the longest period of time permitted under the applicable stock option plan. All unvested restricted stock awards awarded to you will immediately vest.
Appears in 1 contract
Samples: Employment Agreement (Versar Inc)