Acceleration Plan definition
Examples of Acceleration Plan in a sentence
Executive acknowledges receipt of a copy of the Key Employee Plan and the Option Acceleration Plan.
This Agreement, together with Key Employee Plan and the Option Acceleration Plan, constitutes the entire agreement between Executive and the Company and it is the complete, final, and exclusive embodiment of their agreement and supersedes any prior agreement written or otherwise between Executive and the Company with regard to this subject matter.
In the event Executive voluntarily terminates his employment other than due to a Constructive Termination, he will not be entitled to severance pay, pay in lieu of notice or any other such compensation, except as provided in the Key Employee Plan or the Option Acceleration Plan.
In the event of a Change of Control, Executive's outstanding Options shall have their vesting accelerated to the extent provided in the Option Acceleration Plan or in applicable option agreements evidencing such outstanding Options.
Executive may voluntarily terminate his employment with the Company at any time, after which no further compensation will be paid to Executive, except as specifically set forth herein, in the Key Employee Plan or in the Option Acceleration Plan.
Executive is eligible for participation in, and benefits pursuant to, the Key Employee Plan and the Option Acceleration Plan.
The District shall continue to implement interventions and enhancement under the Educational Enhancement/Intervention Program (EEIP) and ensure it’s alignment with the Multi-Year Academic Acceleration Plan (MAAP).
Executive will be eligible to participate in the Company's Change In Control Equity Acceleration Plan ("Equity Acceleration Plan") (attached hereto as Exhibit A), which provides for accelerated vesting of equity awards in connection with a Change in Control of the Company (as defined in the Equity Acceleration Plan), pursuant to the terms and conditions of the Equity Acceleration Plan, if the Equity Acceleration Plan is in effect as of the date of any qualifying Change in Control.
Change in Control Equity Acceleration Plan (the "Plan") was established effective May 21, 2002.
Executive will be eligible to participate in the Equity Acceleration Plan as a "member of the senior management group" of the Company.