Common use of Stock Award Acceleration Clause in Contracts

Stock Award Acceleration. Immediately prior to the effective date of the Change of Control, 100% of all outstanding stock options granted, restricted stock units granted and/or restricted stock issued to Executive (collectively the “Outstanding Equity”), shall vest. In addition, all Outstanding Equity consisting of stock options shall be exercisable by Executive for a period of ninety (90) days following the end of such transition period (if any) or ninety (90) days following termination if the Company requests no transition period.”

Appears in 2 contracts

Samples: Retention and Severance Agreement (Move Inc), Retention and Severance Agreement (Move Inc)

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Stock Award Acceleration. Immediately prior to the effective date of the Change of Control, 100% of all outstanding stock options granted, granted and restricted stock units granted and/or restricted stock issued to Executive described in the letter from Seven Xxxxxxxxx dated December 21, 2011 (the “Letter”), (collectively the "Outstanding Equity"), shall vest. In addition, all Outstanding Equity consisting of stock options shall be exercisable by Executive for a period of ninety three (903) days months following the end of such transition period (if any) or ninety three (903) days months following termination if the Company requests no transition period.

Appears in 1 contract

Samples: Retention and Severance Agreement (Move Inc)

Stock Award Acceleration. Immediately prior to the effective date of the Change of Control, 100% of all outstanding stock options granted, granted and restricted stock units granted and/or restricted stock issued to Executive described in the letter from Seven Xxxxxxxxx dated June __, 2009 (the “Letter”), (collectively the "Outstanding Equity"), shall vest. In addition, all Outstanding Equity consisting of stock options shall be exercisable by Executive for a period of ninety (90) days one year following the end of such transition period (if any) or ninety one (901) days year following termination if the Company requests no transition period.

Appears in 1 contract

Samples: Retention and Severance Agreement (Move Inc)

Stock Award Acceleration. Immediately prior to the effective date of the Change of Control, 100% of all outstanding stock options granted, restricted stock units granted and/or restricted stock issued to Executive (collectively the “Outstanding Equity”), ) shall vest. In addition, all Outstanding Equity consisting of stock options shall be exercisable by Executive for a period of ninety (90) days following the end of such transition period (if any) or ninety (90) days following termination if the Company requests no transition period.

Appears in 1 contract

Samples: Retention and Severance Agreement (Move Inc)

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Stock Award Acceleration. Immediately prior to the effective date of the Change of Control, 100% of all outstanding stock options granted, granted and restricted stock units granted and/or restricted stock issued to Executive described in the letter from Seven Xxxxxxxxx dated February 7, 2012 (the “Letter”), (collectively the “Outstanding Equity”), shall vest. In addition, all Outstanding Equity consisting of stock options shall be exercisable by Executive for a period of ninety three (903) days months following the end of such transition period (if any) or ninety three (903) days months following termination if the Company requests no transition period.

Appears in 1 contract

Samples: Retention and Severance Agreement (Move Inc)

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