Common use of Outstanding Equity Awards Clause in Contracts

Outstanding Equity Awards. All stock options issued to Executive and all restricted stock granted to Executive shall continue on their vesting schedule. Upon vesting of such stock options or restricted stock, Company agrees to execute all documents and provide all legal opinions to the estate of the Executive as requested by the authorized representative in order for the estate of the Executive to sell, register, collateralize, or transfer such stock.

Appears in 2 contracts

Samples: Employment Agreement (Payment Data Systems Inc), Employment Agreement (Payment Data Systems Inc)

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Outstanding Equity Awards. All stock options issued to Executive and all restricted stock granted to Executive shall continue on their vesting scheduleschedule without acceleration. Upon vesting of such stock options or restricted stock, Company agrees to execute all documents and provide all legal opinions to the estate of the Executive as requested by the authorized representative in order for the estate of the Executive to sell, register, collateralize, or transfer such stock.”

Appears in 2 contracts

Samples: Employment Agreement (Payment Data Systems Inc), Employment Agreement (Payment Data Systems Inc)

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