Equity Incentive Awards. Notwithstanding the provisions in any stock option award, restricted stock award or other equity incentive compensation award (the "Awards"), the Executive shall become fully vested in all outstanding Awards and all otherwise applicable restrictions shall lapse and for purposes of determining the length of time the Executive has to exercise rights, if applicable under any such Award, the Executive shall be treated as if he had retired from the service of the Company at or after age 55 and completion of ten years of service.
Appears in 14 contracts
Samples: Non Compete Agreement (Wisconsin Electric Power Co), Senior Officer Employment and Non Compete Agreement (Wisconsin Energy Corp), Severance and Non Compete Agreement (Wisconsin Energy Corp)
Equity Incentive Awards. Notwithstanding the provisions in any stock option award, restricted stock award award, performance shares or other equity incentive compensation award (the "Awards"), the Executive shall become fully vested in all outstanding Awards and all otherwise applicable restrictions shall lapse and for purposes of determining the length of time the Executive has to exercise rights, if applicable under any such Award, the Executive shall be treated as if he she had retired from the service of the Company at or after age 55 and completion of ten years of service.
Appears in 3 contracts
Samples: Non Compete Agreement (Wisconsin Energy Corp), Non Compete Agreement (Wisconsin Energy Corp), Non Compete Agreement (Wisconsin Energy Corp)
Equity Incentive Awards. Notwithstanding the provisions in any stock Stock option award, restricted stock Stock award or other equity incentive compensation award (the "Awards"), the Executive shall become fully vested in all outstanding Awards and all otherwise applicable restrictions shall lapse and for purposes of determining the length of time the Executive has to exercise rights, if applicable under any such Award, the Executive shall be treated as if he had retired from the service of the Company at or after age 55 and completion of ten years of service.
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