Vesting Upon Termination. In the event the Executive’s employment is terminated pursuant to this Section 6.4, the NSO shall become fully vested with no further vesting to occur. In the event that the Executive’s employment is terminated pursuant to Section 6.1 (Death), the Executive’s then unvested portion of the NSO shall become fully vested with no further vesting to occur. No other form of equity granted to the Executive (performance stock units, stock options, etc.) shall be vested, but shall be forfeited and cancelled.
Appears in 5 contracts
Samples: Executive Employment Agreement (AppTech Payments Corp.), Executive Employment Agreement (AppTech Corp.), Executive Employment Agreement (AppTech Corp.)
