Common use of Vesting of Stock Options Clause in Contracts

Vesting of Stock Options. In the event of a Change of Control, as defined in this Section, all stock options then held by the Executive for the purchase of equity securities of the Company shall immediately become vested, effective on the date of the Change of Control.

Appears in 4 contracts

Samples: Executive Employment Agreement (Key Energy Group Inc), Executive Employment Agreement (Dawson Production Services Inc), Executive Employment Agreement (Key Energy Group Inc)

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Vesting of Stock Options. In the event of a Change of Control, as defined in this Sectionsection, all stock options then held by the Executive for the purchase of equity securities of the Company shall immediately become vested, effective on the date of the Change of Control.

Appears in 2 contracts

Samples: Executive Employment Agreement (Key Energy Group Inc), Executive Employment Agreement (Key Energy Group Inc)

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