Common use of Vesting of Options Clause in Contracts

Vesting of Options. The vesting of all options to purchase securities of the Company granted to the Executive pursuant to the Company's 1987 Incentive and Nonqualified Stock Option Plan, as amended May 15, 1990, April 19, 1994 and October 18, 1994, or any other Company plan that are then held by the Executive shall be accelerated to the later of the Date of Termination or six months after the date such option was granted, and any provision contained in the agreement(s) under which such options were granted that is inconsistent with such acceleration is hereby modified to the extent necessary to provide for such acceleration; such acceleration shall not apply to any option that by its terms would vest prior to the date provided for in this Section 3.2.

Appears in 5 contracts

Samples: Agreement (First Commercial Corp), Agreement (First Commercial Corp), Agreement (First Commercial Corp)

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Vesting of Options. The vesting of all options to purchase securities of the Company granted to the Executive pursuant to the Company's 1987 2001 Unit Incentive and Nonqualified Stock Option Plan, as adopted by the Company on December 17, 2001, and amended May 15on January 24, 1990, April 19, 1994 and October 18, 19942003, or any other Company plan that are then held by the Executive shall be accelerated to the later of the Date of Termination or six months and shall continue to be exercisable for a two-year period after the date such option was granted, and acceleration; any provision contained in the agreement(s) under which such options were granted that is inconsistent with such acceleration the foregoing is hereby modified to the extent necessary to provide for such acceleration; such acceleration shall not apply to any option that by its terms would vest prior to the date provided for in this Section 3.2.

Appears in 1 contract

Samples: Agreement (Skyterra Communications Inc)

Vesting of Options. The vesting of all options to purchase securities of the Company granted to the Executive pursuant to the Company's 1987 ’s 2001 Unit Incentive and Nonqualified Stock Option Plan, as adopted by the Company on December 17, 2001 and amended May 15January 23, 1990, April 19, 1994 2003 and October 18, 1994as further amended from time to time, or any other Company plan that are then held by the Executive shall be accelerated to the later of the Date of Termination or six months and shall continue to be exercisable for a two-year period after the date such option was granted, and acceleration; any provision contained in the agreement(s) under which such options were granted that is inconsistent with such acceleration is hereby modified to the extent necessary to provide for such acceleration; such acceleration shall not apply to any option that by its terms would vest prior to the date provided for in this Section 3.2.

Appears in 1 contract

Samples: Agreement (Skyterra Communications Inc)

Vesting of Options. The vesting of all options to purchase securities of the Company granted to the Executive pursuant to the Company's 1987 ’s 2001 Unit Incentive and Nonqualified Stock Option Plan, as amended May 15adopted by the Company on December 17, 19902001, April 19, 1994 and October 18, 1994as amended, or any other Company plan that are then held by the Executive shall be accelerated to the later of the Date of Termination or six months and shall continue to be exercisable for a two-year period after the date such option was granted, and acceleration; any provision contained in the agreement(s) under which such options were granted that is inconsistent with such acceleration the foregoing is hereby modified to the extent necessary to provide for such acceleration; such acceleration shall not apply to any option that by its terms would vest prior to the date provided for in this Section 3.2.

Appears in 1 contract

Samples: Agreement (Skyterra Communications Inc)

Vesting of Options. The vesting of all options to purchase securities of the Company granted to the Executive pursuant to the Company's 1987 1997 Incentive and Nonqualified Stock Option Plan, as amended May 15, 1990, April 19, 1994 and October 18, 1994, or any other Company plan that are then held by the Executive shall be accelerated to the later of the Date of Termination or six months after the date such option was granted, and any provision contained in the agreement(s) under which such options were granted that is inconsistent with such acceleration is hereby modified to the extent necessary to provide for such acceleration; such acceleration shall not apply to any option that by its terms would vest prior to the date provided for in this Section 3.2.

Appears in 1 contract

Samples: ) Agreement (First Commercial Corp)

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Vesting of Options. The vesting of all options to purchase securities of the Company granted to the Executive pursuant to the Company's 1987 2002 Stock Incentive and Nonqualified Stock Option Plan, as amended May 15, 1990, April 19, 1994 and October 18, 1994, Plan or any other Company plan that are then held by the Executive shall be accelerated to the later of the Date of Termination or six months after the date such option was grantedTermination, and shall continue to be exercisable for a two-year period after such acceleration; any provision contained in the agreement(s) under which such options were granted that is inconsistent with such acceleration is hereby modified to the extent necessary to provide for such acceleration; such acceleration shall not apply to any option that by its terms would vest prior to the date provided for in this Section 3.2.

Appears in 1 contract

Samples: Agreement (Motient Corp)

Vesting of Options. The vesting of all options to purchase ------------------ securities of the Company granted to the Executive pursuant to the Company's 1987 Incentive and Nonqualified 1989 Stock Option Plan, as amended May 15and restated December 7, 1990, April 19, 1994 and October 18, 19941993, or any other Company plan that are then held by the Executive shall be accelerated to the later of the Date of Termination or six months after the date such option was granted, and shall continue to be exercisable for a two-year period after such acceleration; any provision contained in the agreement(s) under which such options were granted that is inconsistent with such acceleration is hereby modified to the extent necessary to provide for such acceleration; such acceleration shall not apply to any option that by its terms would vest prior to the date provided for in this Section 3.2.

Appears in 1 contract

Samples: Agreement (American Mobile Satellite Corp)

Vesting of Options. The vesting of all options to purchase securities of the Company granted to the Executive pursuant to the Company's 1987 2001 Unit Incentive and Nonqualified Stock Option Plan, as adopted by the Company on December 17, 2001, and amended May 15on January 24, 1990, April 19, 1994 and October 18, 19942003, or any other Company plan that are then held by the Executive shall be accelerated to the later of the Date of Termination or six months and shall continue to be exercisable for a two-year period after the date such option was granted, and acceleration; any provision contained in the agreement(s) under which such options were granted that is inconsistent with such acceleration is hereby modified to the extent necessary to provide for such acceleration; such acceleration shall not apply to any option that by its terms would vest prior to the date provided for in this Section 3.2.

Appears in 1 contract

Samples: Executive Change of Control (Skyterra Communications Inc)

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