Examples of Extended Exercise Period in a sentence
The Award Agreement may also provide for the automatic exercise of any such Option in which the Fair Market Value of a share of Stock (as determined on the first day of the Extended Exercise Period in which the exercise would no longer violate such laws or policy) exceeds the Exercise Price by delivery to the Participant shares of Stock equal to such excess amount, less any required tax withholding.
The Award Agreement may also provide for the automatic exercise of any such Stock Appreciation Right in which the Fair Market Value of a share of Stock (as determined on the first day of the Extended Exercise Period in which the exercise would no longer violate such laws or policy) exceeds the Grant Price by delivery to the Participant shares of Stock equal to such excess amount, less any required tax withholding.
The parties agree that the attached Appendix D may be modified and updated upon a vote of the Board of Directors, only in order for the Board to add to Appendix D certain future awards that the Board agrees shall also qualify for acceleration and the Extended Exercise Period.
Upon such a vote of the Board, the parties shall attach a revised Appendix D to this Agreement, which shall include the additional option grant(s) that the Board has expressly agreed shall qualify for acceleration and the Extended Exercise Period, and this Agreement shall not be deemed amended or modified in any other manner as a result.
At the termination of your employment under this Agreement, you agree to return the laptop computer in good condition, normal wear and tear excepted.
In the event of such termination for Cause, Executive shall not be entitled to receive (i) the Severance Payment or Accelerated Vesting and Extended Exercise Period Severance Benefit (as each are defined in Section 4.2 below) or any portion thereof, or (ii) any further vesting of stock options, and all other obligations of Employer to Executive pursuant to this Agreement shall automatically terminate and be completely extinguished.
The foregoing Extended Exercise Period benefit may convert Equity Awards that were incentive stock options into non-statutory stock options.
For the avoidance of doubt, however, in the event that you do not satisfy the Enhanced Equity Conditions or do not qualify for Accelerated Vesting and the Extended Exercise Period under this Section 3 or Section 2(c), all of your unvested stock options and other stock-based awards shall immediately cease to continue vesting as of the Separation Date, and your exercise period shall be as set forth in the Equity Documents.
I acknowledge that the Company has paid me all salary, vacation pay, and all other earned compensation (other than the Accelerated Vesting and Extended Exercise Period under to the Separation Agreement) through the last day of my employment.
Except for the foregoing accelerated vesting and Extended Exercise Period benefits, all existing terms and conditions applicable to the Equity Awards shall remain in full force and effect.