Common use of Vesting Upon a Change in Control Clause in Contracts

Vesting Upon a Change in Control. Immediately upon a Change in Control, any equity awards subject to vesting that have been granted to the Officer under the Company’s equity incentive plans and that are not fully vested shall become fully vested and, in the case of stock options, shall become immediately exercisable, and the Officer shall be entitled, in the case of such stock options, to exercise such stock options until the earlier of the expiration of their original full term or one year from the Date of Termination (in each case, without regard to any earlier termination otherwise applicable in the event of termination of employment, and to the extent permitted by Section 409A of the Code).

Appears in 12 contracts

Samples: Employment Agreement (Central European Distribution Corp), Employment Agreement (Central European Distribution Corp), Employment Agreement (Central European Distribution Corp)

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