Options and Restricted Stock. For good and valuable consideration, the receipt of which is hereby acknowledged (including, without limitation, employment with the Company following the Closing), Assignor hereby acknowledges and consents to the cancellation and termination by the Company of any and all outstanding unvested awards (or portions thereof) granted to Assignor under the Broad Oak Energy, Inc. 2006 Stock Incentive Plan, as amended (the “Plan”). Assignor further acknowledges and consents to the settlement in cash by the Company of any and all outstanding vested Options (or portions thereof) granted to Assignor under the Plan.
Appears in 4 contracts
Samples: Mutual Release Agreement (Laredo Petroleum - Dallas, Inc.), Mutual Release Agreement (Laredo Petroleum - Dallas, Inc.), Mutual Release Agreement (Laredo Petroleum Holdings, Inc.)
