Stock Option and Restricted Stock Awards. Subject to the timely execution and non-revocation of the Release in accordance with Section 10 below, there shall be a 12 month acceleration of vesting for those stock options and shares of restricted stock held by the Executive and outstanding as of the Separation Date (and, accordingly, such restricted stock and stock options shall immediately become vested and/or exercisable, and all forfeiture restrictions shall lapse, as of the Release Effective Date), and the Executive shall be entitled to exercise his vested stock options during the 12 month period immediately following the Release Effective Date (or, if earlier, the expiration of such stock options pursuant to their terms). The remaining unvested stock options (the “Retained Options”) and shares of restricted stock (the “Retained Restricted Shares”) held by the Executive as of the Separation Date will be treated in accordance with Section 4(b) below. Except as set forth in this Section 3, each of these stock options and shares of restricted stock shall otherwise remain subject in all respects to the restrictions of the applicable stock option grant or stock bonus award agreements between the Executive and the Company and the Amended and Restated 2002 Equity Incentive Plan.
Stock Option and Restricted Stock Awards. If the Executive executes, delivers, and does not revoke this Release within the time set forth in Section 13 below, then (i) there shall be [a 12 month acceleration of vesting] for those stock options and shares of restricted stock described in Table 1 of Exhibit A hereof [and the Executive shall be entitled to exercise such stock options described in Table 1 of Exhibit A hereof during the 12 month period immediately following the Termination Date or, if earlier, until the original expiration date of the options, and (ii) the Executive shall be entitled to exercise those vested stock options described in Table 2 of Exhibit A hereof during the 12 month period immediately following the Termination Date or, if earlier, until the original expiration date of the options]. Each of these stock options and shares of restricted stock shall otherwise remain subject in all respects to the restrictions of the applicable stock option grant or restricted stock award agreements between the Executive and the Company and any applicable equity incentive plan. Except as set forth in this Section 3(e) and Exhibit A; all other stock options and shares of restricted stock held by the Executive that are unvested shall terminate and be forfeited.]
Stock Option and Restricted Stock Awards. Subject to the terms of the Company's 2000 Stock Plan, as amended, and subject to formal approval of the Board, the Company will grant you (i) a nonstatutory stock option to purchase Nine Hundred Thousand (900,000) shares of the Company's common stock and (ii) a restricted stock award for One Hundred Thousand (100,000) shares of the Company's common stock. None of these options or restricted shares shall vest until such time as you and the Company enter into a written stock option agreement with respect to the 900,000 options and a written restricted stock agreement with respect to the 100,000 restricted shares. The stock option agreement shall provide, among other things that none of these options shall vest until your employment with the Company has continued for one (1) year from your Commencement Date, at which time options to purchase two hundred seventy thousand (270,000) shares shall vest with an additional two hundred seventy thousand (270,000) shares vesting on the second anniversary of the Commencement Date and the remaining three hundred sixty thousand (360,000) shares vesting on the third anniversary of the Commencement Date. The restricted stock agreement shall provide, among other things that none of the restricted shares shall vest until your employment with the Company has continued for one (1) year from your Commencement Date, at which time thirty thousand (30,000) shares shall vest with an additional thirty thousand (30,000) shares vesting on the second anniversary of the Commencement Date and the remaining forty thousand (40,000) shares vesting on the third anniversary of the Commencement Date. The stock option agreement and the restricted stock agreement shall further provide that notwithstanding the foregoing vesting schedule, the options and shares shall immediately become vested as to the percentage of the total number of shares of Common Stock subject to the options and restricted stock award set forth on the table below (the "Vesting Percentage") at the end of any period of 120 consecutive days on which the Common Stock is actively listed, quoted or traded on a national securities exchange or NASDAQ, and the closing or last price in regular trading, as applicable, for a share of the Common Stock ("Stock Price") on each of such trading days equals or exceeds the applicable threshold amount set forth below (the "Stock Price Threshold"). For avoidance of doubt, options and shares may vest only once with respect to any Stock Price Thre...
Stock Option and Restricted Stock Awards. The Company hereby agrees that, pursuant to Section 11(b)(v) of the Employment Agreement, all outstanding awards granted by the Company (including restricted stock awards) to Executive (the "Vested Awards") are fully (100%) vested, and all stock options and stock appreciation rights granted to the Executive became fully (100%) vested and immediately exercisable. A schedule of the Vested Awards is set forth on the attached Exhibit A.
Stock Option and Restricted Stock Awards. As of the Start Date, the Board of Directors of the Company has approved the grant of the following equity awards to Xxxxxx:
Stock Option and Restricted Stock Awards. The Executive shall be granted options under the Company's Equity Incentive Plan, as amended, to acquire shares of the Company's common stock ("Common Stock") and shall be granted Common Stock that is restricted in accordance with the following:
Stock Option and Restricted Stock Awards. The Executive shall be granted options under the Qwest Communications International Inc. Equity Incentive Plan, as amended, (the "Equity Incentive Plan") to acquire shares of the common stock ("Common Stock") of Qwest Communications International Inc. ("QCII") and shall be granted Common Stock that is restricted in accordance with the following:
Stock Option and Restricted Stock Awards. The Company hereby agrees that, pursuant to Section 9(b)(v) of the Initial Employment Agreement, as of the Scheduled Termination Date, all restrictions on any outstanding awards granted by the Company or any subsidiaries of the Company (including restricted stock awards) to the Executive shall lapse and such awards (the "Vested Awards") shall become fully (100%) vested immediately, and all stock options and stock appreciation rights granted to the Executive shall become fully (100%) vested and shall become immediately exercisable. A schedule of the Vested Awards is set forth on the attached Exhibit A. Executive's rights to such Vested Awards (e.g., exercise of vested shares) are governed by the terms and conditions of the Company's 1998 Stock Option Plan (the "Option Plan") and the Long Term Incentive Plan (the "LTIP") and the grant documents thereunder; provided, however, that all such stock option awards approved by the Company during the period from January 16, 2002 to the Scheduled Termination Date will be exercisable for a period equal to the longer of: (i) forty-eight (48) months after Executive's Scheduled Termination Date, or (ii) the number of months provided under the terms and conditions of the Option Plan and the LTIP and the grant documents thereunder.
Stock Option and Restricted Stock Awards. The Company shall (i) accelerate the vesting of each stock option and restricted stock award held by the Executive as of the Retirement Date by that number of shares that otherwise would have vested had Executive remained continuously employed until the first anniversary of the Retirement Date and (ii) amend each vested (after taking into account the acceleration described in clause (i) of this Section 3(e)) and unexpired stock option held by Executive as of the Retirement Date to provide that such vested option shall remain exercisable until the earliest of (x) the original expiration date of such stock option, (y) the date of a change in control of the Company or (z) the later of (A) the second anniversary of the Retirement Date or (B) the first anniversary of the date Executive ceases to serve as a member of the Board. All stock options and shares of restricted stock shall otherwise remain subject in all respects to the restrictions of the applicable stock option grant or stock bonus award agreements between Executive and the Company and the Amended and Restated 2002 Equity Incentive Plan. Notwithstanding the foregoing, all unvested stock options and unvested shares of restricted stock held by Executive as of the Retirement Date (after giving effect to the accelerated vesting under clause (i) of this Section 3(e)) shall terminate and be forfeited as of the Retirement Date.
Stock Option and Restricted Stock Awards. All stock options and restricted stock awarded to Xxxxxx pursuant to the terms of Section 4.3 of the Employment Agreement shall vest on June 15, 2010.
