Common use of Treatment of Stock Options Clause in Contracts

Treatment of Stock Options. Any unvested stock options outstanding on the date of the Change of Control (and any options into which such options are converted or options granted in substitution for such unvested options) shall become fully exercisable, and shall remain exercisable for the period applicable to vested options under the applicable option agreement.

Appears in 7 contracts

Samples: Letter Agreement (Seagram Co LTD), Termination Protection Agreement (Seagram Co LTD), Termination Protection Agreement (Seagram Co LTD)

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Treatment of Stock Options. Any unvested stock options outstanding on the date of the Change of Control (and any options into which such options are converted or options granted in substitution for such unvested options) shall become fully exercisable, and shall remain exercisable for the period applicable to vested options under the applicable option agreement.. 3 3

Appears in 1 contract

Samples: Termination Protection Agreement (Seagram Co LTD)

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Treatment of Stock Options. Any unvested stock options outstanding on the date of the Change of Control (and any options into which such options are converted or options granted in substitution for such unvested options) shall become fully exercisable, and shall remain exercisable for the period applicable to vested options under tinder the applicable option agreement.

Appears in 1 contract

Samples: Termination Protection Agreement (Seagram Co LTD)

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