Common use of STOCK OPTIONS/EQUITY Clause in Contracts

STOCK OPTIONS/EQUITY. The Board of Directors may, in its discretion, periodically grant Executive additional stock options or other awards under the Stock Plan. Notwithstanding the terms of any stock option agreement to the contrary, pursuant to the Board of Directors' resolution effective September 19, 2002, upon a Change in Control, all awards granted to Executive after September 19, 2002 under the Stock Plan shall immediately vest and all stock options shall remain exercisable for the full term of such option.

Appears in 4 contracts

Samples: Severance Agreement (Qwest Communications International Inc), Severance Agreement (Qwest Communications International Inc), Severance Agreement (Qwest Communications International Inc)

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STOCK OPTIONS/EQUITY. The Board of Directors may, in its discretion, periodically grant Executive additional stock options or other awards under the Stock Plan. Notwithstanding the terms of any stock option agreement to the contrary, pursuant to the Board of Directors' ’ resolution effective September 19, 2002, upon a Change in Control, all awards granted to Executive after September 19, 2002 under the Stock Plan shall immediately vest and all stock options shall remain exercisable for the full term of such option.

Appears in 3 contracts

Samples: Severance Agreement (Qwest Communications International Inc), Severance Agreement (Qwest Communications International Inc), Severance Agreement (Qwest Communications International Inc)

STOCK OPTIONS/EQUITY. The Board of Directors may, in its discretion, periodically grant Executive additional stock options or other awards under the Stock Equity Incentive Plan. Notwithstanding the terms of any stock option agreement to the contrary, pursuant to the Board of Directors' resolution effective September 19, 2002, upon a Change in Control, all awards granted to Executive after between September 19, 2002 and August 26, 2009 under the Stock Equity Incentive Plan shall immediately vest and all stock options shall remain exercisable for the full term of such option.. All awards granted after August 26, 26, 2009 will vest according to the terms of the applicable equity agreement

Appears in 1 contract

Samples: Severance Agreement (Qwest Communications International Inc)

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STOCK OPTIONS/EQUITY. The Board of Directors may, in its discretion, periodically grant Executive additional stock options or other awards under the Stock Equity Incentive Plan. Notwithstanding the terms of any stock option agreement to the contrary, pursuant to the Board of Directors' resolution effective September 19, 2002, upon a Change in Control, all awards granted to Executive after between September 19, 2002 and October 15, 2008 under the Stock Equity Incentive Plan shall immediately vest and all stock options shall remain exercisable for the full term of such option. All awards granted after October 15, 2008 will vest according to the terms of the applicable equity agreement.

Appears in 1 contract

Samples: Severance Agreement (Qwest Communications International Inc)

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