Vesting of Stock Options and Restricted Stock Sample Clauses

Vesting of Stock Options and Restricted Stock. Upon a Change in Control, the Executive shall fully vest in all outstanding stock options and restricted stock awards. To the extent not cashed out pursuant to the Change in Control, upon a termination of employment after a Change in Control, each such option shall continue to be exercisable for the longer of the period otherwise applicable under the terms of such option or two years from the date of the Executive's termination of employment (but not beyond the original term of the option). In the event of a termination of employment prior to a Change in Control, all vested stock options shall continue to be exercisable by the Executive for the longer of the period otherwise applicable under the terms of the stock options or one year from the date of the Executive's termination of employment (but not beyond the original term of the Option).
Sample 1Sample 2
AutoNDA by SimpleDocs
Vesting of Stock Options and Restricted Stock. Upon a Change of Control, the right of Executive to exercise any and all stock options to purchase shares of the Company's or the Parent's stock and any stock appreciation rights held by Executive shall, to the extent that such options and rights shall not theretofore have been exercised, become fully vested and exercisable immediately, all restrictions upon any restricted stock previously granted to Executive shall be deemed to have lapsed and the deferral period and all conditions pertaining to any deferred stock awards previously granted to Executive shall be deemed to have expired or have been satisfied, as the case may be, and Executive shall be entitled to receive all such shares of restricted or deferred stock. All restricted stock and all deferred stock awards granted to Executive on or after the date hereof shall be awarded subject to the conditions described in the immediately preceding sentence. All options issued or awarded to the Executive on or after the date hereof shall contain the following provision: Notwithstanding anything herein contained to the contrary, in the event that a Change of Control, as defined in Section 4.1 of the Optionee's Employment Agreement with the Company dated as of July 26, 1999 should occur, this Option shall immediately thereafter become exercisable in full.
Sample 1Sample 2
Vesting of Stock Options and Restricted Stock. In connection with the expiration of the Employment Agreement, all stock options and restricted stock granted to the Consultant under the Corporation’s long-term incentive plans became fully vested and, in the case of stock options, exercisable in full on January 31, 2009. All such stock options may be exercised by the Consultant at any time until December 31, 2009.
Sample 1
Vesting of Stock Options and Restricted Stock. For so long as any shares of Series A Preferred Stock, Series B Preferred Stock or Series C Preferred Stock remain outstanding, and except as otherwise approved by the Board of Directors of the Company, all options or shares of restricted Common Stock issued after the date hereof to directors, officers, consultants or employees of the Company shall vest at the rate of (i) 25% upon the one year anniversary of the date of issuance and (ii) the remaining 75%, monthly, over the three year period following the anniversary of the date of issuance; provided, however, that such vesting may be modified so that vesting dates occur uniformly on the first or last day of any month or fiscal quarter.
Sample 1
Vesting of Stock Options and Restricted Stock. Pursuant to the terms of the applicable Stock Option and Restricted Stock Agreements and Plans, Xxxxxx shall continue vesting of stock options and restricted stock through the Final Date of Employment.
Sample 1
Vesting of Stock Options and Restricted Stock. All outstanding unvested Stock Options and Restricted Stock shall become immediately vested and fully exercisable.
Sample 1

Related to Vesting of Stock Options and Restricted Stock

  • Stock Options and Restricted Stock Units The Executive acknowledges that as of the Resignation Date, the Executive was vested in Stock Options and Restricted Stock Units (“RSUs”) as reflected in the report attached as Exhibit A hereto. Except as specifically set forth herein, the Executive’s rights with respect to Stock Options and RSUs issued to him/her are governed by the Stock Option and Restricted Stock Unit Agreements entered into between the Executive and the Company, and the applicable Company equity incentive plan(s) and Notice(s) of Grant.

  • Stock Options and Restricted Stock In the event that (a) USPI elects to terminate this Agreement pursuant to Section 5, (b) there is a “Change of Control Event” (as defined below) or (c) USPI terminates Employee without the notice required under Section 5 or without Cause under Section 7, then in each such event, all USPI stock options held by Employee and all restricted stock awards made to him/her by USPI (including issued subject to forfeiture) shall thereupon automatically be amended so as to (i) cause to vest, immediately prior to the date of such Change in Control Event or such termination of employment, all then unvested stock options and restricted stock awards, and (ii) provide Employee 90 days to exercise such options (or such greater period as may be provided by the terms of such options). For purposes of the foregoing, the term “Change of Control Event” shall mean (A) a consolidation or merger of USPI with or into any other corporation (other than a merger which will result in the voting capital stock of USPI outstanding immediately before the effective date of such consolidation or merger being converted into more than 50% of the voting capital stock of the surviving entity outstanding immediately after such consolidation or merger), (B) a sale of all or substantially all of the properties and assets of the Company as an entirety in a single transaction or in a series or related transactions to any other “person” or (C) the acquisition of “beneficial ownership” by any “person” or “group” of voting stock of the Company representing more than 50% of the voting power of all outstanding shares of such voting stock, whether by way of merger of consolidation or otherwise. As used herein, (x) the terms “person” and “group” shall have the meanings set forth in Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), whether or not applicable, (y) the term “beneficial owner” shall have the meaning set forth in Rules 13d-3 and 13d-5 under the Exchange Act, whether or not applicable, except that a person shall be deemed to have “beneficial ownership” of all shares that any such person has the right to acquire, whether such right is exercisable immediately or only after the passage of time or upon the occurrence of certain events, and (z) any “person” or “group” will be deemed to beneficially own any voting stock so long as such person or group beneficially owns, directly or indirectly, in the aggregate a majority of the voting stock of a registered holder of such voting stock.

  • Vesting of Stock Options All unvested stock options held by Executive, if any, shall vest immediately upon a Change of Control Termination as defined in Section 6.1.2. Executive may exercise such options in accordance with the terms and conditions of the stock option plan and the agreement pursuant to which such options were granted.

  • Vesting of Restricted Stock Units The restrictions and conditions of Section 1 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule so long as the Grantee remains in a Business Relationship (as defined in Section 3 below) on such Dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Section 1 shall lapse only with respect to the number of Restricted Stock Units specified as vested on such date. Incremental Number of Restricted Stock Units Vested Vesting Date _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ The Administrator may at any time accelerate the vesting schedule specified in this Section 2.

  • Options and Restricted Stock Notwithstanding the terms of any plan, program or arrangement maintained by the Company:

  • Stock Options; Restricted Stock The foregoing benefits are intended to be in addition to the value of any options to acquire Common Stock of the Company, the exercisability of which is accelerated pursuant to the terms of any stock option agreement, any restricted stock the vesting of which is accelerated pursuant to the terms of the restricted stock agreement, and any other incentive or similar plan heretofore or hereafter adopted by the Company.

  • Vesting of Restricted Stock The restrictions and conditions in Paragraph 2 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule. If a series of Vesting Dates is specified, then the restrictions and conditions in Paragraph 2 shall lapse only with respect to the number of shares of Restricted Stock specified as vested on such date.

  • Vesting of Restricted Share Units The restrictions and conditions of Paragraph 1 of this Agreement shall lapse on the date(s) specified in the following schedule (the “Vesting Date”) so long as the Grantee has served continuously as an employee of the Company or a Subsidiary on such dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Paragraph 1 shall lapse only with respect to the number of Restricted Share Units specified as vested on such date. Incremental Number of Restricted Share Units Vested Vesting Date _____________ (___%) _______________ _____________ (___%) _______________ _____________ (___%) _______________ _____________ (___%) _______________ In determining the number of vested Restricted Share Units at the time of any vesting, the number of Ordinary Shares shall be rounded down to the nearest whole ADS or the nearest increment of 13 Ordinary Shares. The Administrator may at any time accelerate the vesting schedule specified in this Paragraph 2.

  • Grant of Restricted Stock Units The Corporation hereby awards to Participant, as of the Award Date, restricted stock units under the Plan. The number of shares of Common Stock underlying the awarded restricted stock units and the applicable service vesting requirements for those units and the underlying Shares are set forth in the Award Notice. The remaining terms and conditions governing the Award shall be as set forth in this Agreement.

  • Vesting of Restricted Shares The Restricted Shares are subject to forfeiture to the Company until they become nonforfeitable in accordance with this Section 2. While subject to forfeiture, the Restricted Shares may not be sold, pledged, assigned, otherwise encumbered or transferred in any manner, whether voluntarily or involuntarily by the operation of law.

Time is Money Join Law Insider Premium to draft better contracts faster.