Common use of Accelerated Exercise Clause in Contracts

Accelerated Exercise. Notwithstanding the above, this Option -------------------- shall become exercisable before the normal exercise dates set forth in paragraph 1 above upon the occurrence of any of the events set forth below while Optionee is employed by the Company. This Option shall become exercisable in full on the date of such event and shall remain exercisable for the periods set forth below or until May 19, 2007, whichever occurs first. Thereafter, the unexercised portion of this Option is forfeited and may not be exercised. a. Death of Optionee (exercisable for three years). b. Declaration of Optionee's total and permanent disability (exercisable for three years). c. Voluntary termination of Optionee's employment at or after attainment of age 62 (exercisable for three years). d. Involuntary termination of employment of Optionee, other than a Termination for Cause (exercisable for six months). e. Occurrence of a Change in Control (exercisable for six months after the Optionee's voluntary or involuntary termination of employment following the Change in Control).

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Ralcorp Holdings Inc /Mo)

AutoNDA by SimpleDocs

Accelerated Exercise. Notwithstanding the above, this Option -------------------- shall --------------------- become exercisable before the normal exercise dates set forth in paragraph 1 above upon the occurrence of any of the events set forth below while Optionee is employed by the Company. This Option shall become exercisable in full on the date of such event and shall remain exercisable for the periods set forth below or until May 19January 30, 20072012, whichever occurs first. Thereafter, the unexercised portion of this Option is forfeited and may not be exercised. a. Death of Optionee (exercisable for three years). b. Declaration of Optionee's total and permanent disability (exercisable for three years). c. Voluntary termination of Optionee's employment at or after attainment of age 62 (exercisable for three years). d. Involuntary termination of employment of Optionee, other than a Termination for Cause (exercisable for six months). e. Occurrence of a Change in Control (exercisable for six months after the Optionee's voluntary or involuntary termination of employment following the Change in Control).

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Ralcorp Holdings Inc /Mo)

Accelerated Exercise. Notwithstanding the above, this Option -------------------- shall become exercisable before the normal exercise dates set forth in paragraph 1 above upon the occurrence of any of the events set forth below while Optionee is employed by the Company. This Option shall become exercisable in full on the date of such event and shall remain exercisable for the periods set forth below or until May 19February 4, 20072014, whichever occurs first. Thereafter, the unexercised portion of this Option is forfeited and may not be exercised. a. Death of Optionee (exercisable for three years). b. Declaration of Optionee's ’s total and permanent disability (exercisable for three years). c. Voluntary termination of Optionee's ’s employment at or after attainment of age 62 (exercisable for three years). d. Involuntary termination of employment of Optionee, other than a Termination for Cause (exercisable for six months). e. Occurrence of a Change in Control (exercisable for six months after the Optionee's ’s voluntary or involuntary termination of employment following the Change in Control).

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Ralcorp Holdings Inc /Mo)

Accelerated Exercise. Notwithstanding the above, this Option -------------------- shall become exercisable before the normal exercise dates set forth in paragraph 1 above upon the occurrence of any of the events set forth below while Optionee is employed by the Company. This Option shall become exercisable in full on the date of such event and shall remain exercisable for the periods set forth below or until May 19January 29, 20072013, whichever occurs first. Thereafter, the unexercised portion of this Option is forfeited and may not be exercised. a. Death of Optionee (exercisable for three years). b. Declaration of Optionee's ’s total and permanent disability (exercisable for three years). c. Voluntary termination of Optionee's ’s employment at or after attainment of age 62 (exercisable for three years). d. Involuntary termination of employment of Optionee, other than a Termination for Cause (exercisable for six months). e. Occurrence of a Change in Control (exercisable for six months after the Optionee's ’s voluntary or involuntary termination of employment following the Change in Control).

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Ralcorp Holdings Inc /Mo)

AutoNDA by SimpleDocs

Accelerated Exercise. Notwithstanding the above, this Option -------------------- shall become exercisable before the normal exercise dates set forth in paragraph 1 above upon the occurrence of any of the events set forth below while Optionee is employed by the Company. This Option shall become exercisable in full on the date of such event and shall remain exercisable for the periods set forth below or until May 19January 30, 20072012, whichever occurs first. Thereafter, the unexercised portion of this Option is forfeited and may not be exercised. a. Death of Optionee (exercisable for three years). b. Declaration of Optionee's total and permanent disability (exercisable for three years). c. Voluntary termination of Optionee's employment at or after attainment of age 62 (exercisable for three years). d. Involuntary termination of employment of Optionee, other than a Termination for Cause (exercisable for six months). e. Occurrence of a Change in Control (exercisable for six months after the Optionee's voluntary or involuntary termination of employment following the Change in Control).

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Ralcorp Holdings Inc /Mo)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!