Acceleration of Vesting and Exerciseability of Equity and Long-Term Incentive Awards from Employment Agreement
THIS EMPLOYMENT AGREEMENT dated as of January 25, 2006 (this Agreement), by and between William D. Zollars (Executive) and YRC Worldwide Inc., a Delaware corporation (the Company).
Acceleration of Vesting and Exerciseability of Equity and Long-Term Incentive Awards. The Company and Executive acknowledge that, unless this Agreement expressly provides otherwise, the terms of Executives option, share unit and other long-term incentive award agreements and Section 5 of the Severance Agreement govern acceleration of vesting and exerciseability and other rights comprising Executives awards. 9. Confidential Information; Non-Competition; Non-Solicitation. (a) Confidential Information. Executive shall hold in a fiduciary capacity for the benefit of the Company all trade secrets, confidential information and knowledge or data relating to the Company and its businesses that Executive obtained during Executives employment by the Company and that have not or do not become public knowledge (collectively Confidential Information); provided that information that Executive has made public or caused to be made public in violation of this Agreement or some other duty of confidence to the Company shall be considered to be Confidential Information. Confidential Information shall not include information that: