Stock Option Program. Subject to approval of the Ford Compensation and Option Committee, Transferred Employees who are eligible to participate in the Ford 1998 Long-Term Incentive Plan or the Ford 1990 Long-Term Incentive Plan and who have outstanding options under such plans shall be treated as if they were released to join a successor employer, and accordingly, any outstanding option shall continue to be exercisable for five years following the Employment Date unless the option expires earlier.
Appears in 3 contracts
Sources: Employee Transfer Agreement (Vastera Inc), Employee Transfer Agreement (Vastera Inc), Employee Transfer Agreement (Vastera Inc)