Vice President Level. If an Eligible Employee is notified by the Company in writing that he or she is a vice president of the Company for the purposes of this Plan, and such Eligible Employee's employment with the Company terminates due to a Covered Termination, then, effective as of the date of the Covered Termination, the Options then held by such Eligible Employee shall become fully vested and exercisable.
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Samples: Senior Management Key Employee Agreement (Invision Technologies Inc), Senior Management Key Employee Agreement (Invision Technologies Inc), Senior Management Key Employee Agreement (Invision Technologies Inc)
Vice President Level. If an Eligible Employee is notified by the Company in writing that he or she is a vice president of the Company for the purposes of this Plan, and such Eligible Employee's ’s employment with the Company terminates due to a Covered Termination, then, effective as of the date of the Covered Termination, the Options then held by such Eligible Employee shall become fully vested and exercisable.
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