Equity Incentive Awards. In the event a Change of Control (as hereinafter defined) occurs during the Executive’s employment, notwithstanding any provision of this Agreement or any other agreement governing any equity incentive awards granted to the Executive, any outstanding stock options or restricted stock awards granted to the Executive by FTD, Inc., FTD or any subsidiary of either company shall vest in full and become immediately exercisable, and any restrictions relating thereto shall lapse, upon the occurrence of such Change of Control.
Appears in 12 contracts
Samples: Employment Agreement (FTD Inc), Employment Agreement (FTD Inc), Employment Agreement (FTD Inc)
Equity Incentive Awards. In the event a Change of Control (as hereinafter defined) occurs during the Executive’s 's employment, notwithstanding any provision of this Agreement or any other agreement governing any equity incentive awards granted to the Executive, any outstanding stock options or restricted stock awards granted to the Executive by FTD, Inc., FTD or any subsidiary of either company shall vest in full and become immediately exercisable, and any restrictions relating thereto shall lapse, upon the occurrence of such Change of Control.
Appears in 2 contracts
Samples: Employment Agreement (FTD Inc), Employment Agreement (FTD Inc)