Common use of Stock Award Acceleration Clause in Contracts

Stock Award Acceleration. Upon Executive’s termination date, 100% of all outstanding stock options granted and restricted stock issued by the Company to Executive prior to the date of this Agreement, including the options described in the letter from W. Xxxxxxx Xxxx dated October 5, 2006 (the “Letter”), (collectively the “Outstanding Options”), shall vest. In addition, all Outstanding Options, including the accelerated options described above, shall be exercisable by Executive for a period of one (1) year following the end of such transition period (if any) or one year 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. Upon Executive’s 's termination date, 100% of all outstanding stock options granted and restricted stock issued by the Company to Executive prior to the date of this Agreement, including the options described in the letter Letter from W. Xxxxxxx Xxxx Michael Long dated October 5September 30, 2006 (the “Letter”), 2002 (collectively the "Outstanding Options”Xxxxxxx"), shall vest. In addition, all Outstanding Options, including the accelerated options described above, shall be exercisable by Executive for a period of one (1) year following the end of such transition period (if any) or one year following termination if the Company requests no transition period.

Appears in 1 contract

Samples: Executive Retention and Severance Agreement (Homestore Inc)

Stock Award Acceleration. Upon Executive’s termination date, 100% of all outstanding stock options granted and restricted stock issued by the Company to Executive prior to the date of this Agreement, including the options described in the letter from W. Xxxxxxx Xxxx dated October 5, 2006 (the “Letter”), Letter (collectively the “Outstanding Options”), ) shall vest. In addition, all Outstanding Options, including the accelerated options described above, shall be exercisable by Executive for a period of one three (13) year months following the end of such transition period (if any) or one year three (3) months following termination if the Company requests no transition period.

Appears in 1 contract

Samples: Retention and Severance Agreement (Move Inc)

Stock Award Acceleration. Upon Executive’s 's termination date, 100% of all outstanding stock options granted and restricted stock issued by the Company to Executive prior to the date of this Agreement, including the options described in the letter Letter from W. Xxxxxxx Xxxx dated October 5September 18, 2006 (the “Letter”), 2002 (collectively the "Outstanding Options"), shall vest. In addition, all Outstanding Options, including the accelerated options described above, shall be exercisable by Executive for a period of one (1) year following the end of such transition period (if any) or one year following termination if the Company requests no transition period.

Appears in 1 contract

Samples: Executive Retention and Severance Agreement (Homestore Inc)

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Stock Award Acceleration. Upon Executive’s 's termination date, 100% of all outstanding stock options granted and restricted stock issued by the Company to Executive prior to the date of this Agreement, including the options described in the letter from W. Xxxxxxx Xxxx dated October 5, 2006 (the “Letter”), Letter (collectively the "Outstanding Options”), ") shall vest. In addition, all Outstanding Options, including the accelerated options described above, shall be exercisable by Executive for a period of one (1) year following the end of such transition period (if any) or one year following termination if the Company requests no transition period.

Appears in 1 contract

Samples: Retention and Severance Agreement (Move Inc)

Stock Award Acceleration. Upon Executive’s 's termination date, 100% of all outstanding stock options granted and restricted stock issued by the Company to Executive prior to the date of this Agreement, including the options described in the letter from W. Xxxxxxx Xxxx dated October 5, 2006 (the “Letter”), Letter (collectively the "Outstanding Options”), ") shall vest. In addition, all Outstanding Options, including the accelerated options described above, shall be exercisable by Executive for a period of one three (13) year months following the end of such transition period (if any) or one year three (3) 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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