Common use of Termination of Equity Awards Clause in Contracts

Termination of Equity Awards. The Company shall have the right to terminate immediately any or all (i) stock options granted to the Executive that are outstanding and unexercised (whether or not vested) as of the Determination Date, and/or (ii) other equity-based or cash awards granted or issued under any Incentive Compensation Plan or Incentive Compensation Agreement to the Executive that are outstanding and unpaid (whether or not vested) as of the Determination Date.

Appears in 6 contracts

Samples: Noncompetition and Nonsolicitation Agreement (Ahny-Iv LLC), Noncompetition Agreement (Ahny-Iv LLC), Noncompetition Agreement (Apria Healthcare Group Inc)

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