Accelerated Vesting of Certain Equity Awards Sample Clauses

Accelerated Vesting of Certain Equity Awards. The following outstanding equity awards held by Executive will vest as of the Separation Date: (i) the 5,488 shares of time-vested restricted stock of the Company scheduled to vest on July 30, 2018, held pursuant to that certain USA Truck, Inc. 2014 Omnibus Incentive Plan Award Notice date January 29, 2017, and (ii) the 5,488 shares of performance-vested restricted stock of the Company scheduled to vest on July 30, 2018, subject to attainment of certain performance goals, held pursuant to that certain USA Truck, Inc. 2014 Omnibus Incentive Plan Award Notice date January 29, 2017 ((i) and (ii) together, the “Accelerated Vesting”). You acknowledge and agree that you would not be entitled to the Accelerated Vesting under the Severance Agreement, the foregoing award notices, or otherwise, and that the Company is agreeing to the Accelerated Vesting as an additional benefit.
Sample 1
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Accelerated Vesting of Certain Equity Awards. 50% of Executive’s then‑unvested stock options, time-based restricted stock units, and other time-based Equity Awards will become vested.
Sample 1
Accelerated Vesting of Certain Equity Awards. If, following the appointment of a successor Chief Executive Officer under circumstances where this Section 3.5 becomes applicable, the Executive continues in employment until the expiration of the Transition Period, the unvested portion of all stock option and restricted stock unit awards granted on or after December 23, 2008 shall become fully vested and nonforfeitable on the last day of the Transition Period; provided, however, that: (i) any such options that become vested by operation of this Section 3.5.3 shall not become exercisable until their original scheduled vesting date as described in the option grant agreement without regard to any accelerated vesting provided under this Section 3.5.3; (ii) any such restricted stock unit awards that contain performance-based vesting requirements shall not vest unless and until all applicable performance-based vesting criteria have been satisfied (as determined by the Committee in accordance with the applicable award agreement) and shall not be pro-rated solely by reason of the Executive’s termination of employment prior to completion of the applicable performance period; and (iii) any such restricted stock units that become vested by operation of this Section 3.5.3 shall not be converted and settled in shares until their original scheduled conversion date as provided in the restricted stock unit agreement without regard to any accelerated vesting provided under this Section 3.5.3. The provisions of this Section 3.5.3 shall supersede any provision of the stock option and restricted stock unit award agreement that is inconsistent herewith, and shall be deemed an amendment to any such agreements executed by the Company and the Executive; provided, however, that in all cases the terms of the Company’s Global Stock Incentive Plan shall govern.
Sample 1

Related to Accelerated Vesting of Certain Equity Awards

  • Accelerated Vesting of Equity Awards One hundred percent (100%) of Executive’s then-outstanding and unvested Equity Awards will become vested in full. If, however, an outstanding Equity Award is to vest and/or the amount of the award to vest is to be determined based on the achievement of performance criteria, then the Equity Award will vest as to one hundred percent (100%) of the amount of the Equity Award assuming the performance criteria had been achieved at target levels for the relevant performance period(s).

  • Acceleration of Vesting Upon Change in Control Effective at the time of a Change in Control, all unvested stock options and stock previously issued to Executive as to which rights of ownership are subject to forfeiture shall immediately vest; all risk of forfeiture of the ownership of stock or stock options and restrictions on the exercise of options shall lapse; and, Executive shall be entitled to exercise any or all options, such that the underlying shares will be considered outstanding at the time of the Change in Control.

  • Accelerated Vesting Notwithstanding the terms of any Award Agreement heretofore or hereafter granted to the Executive, in the event of a Change of Control, all Options and Restricted Stock granted to the Executive which do not constitute deferred compensation for Code Section 409A purposes shall become fully vested on the date of the Change of Control. The Executive shall have the right to exercise any such Options in a manner provided for in the applicable Award Agreement. In the event of any conflict between the terms of this Section 9(a) and the terms of any Award Agreement granted to the Executive, the terms of this Section 9(a) shall control and govern.

  • Acceleration of Equity Awards All: (i) outstanding and unvested options to purchase Common Stock granted to Executive under any equity plan of the Company, (ii) unvested shares of restricted Common Stock awarded to the Executive under any equity plan of the Company, and (iii) other equity and equity equivalent awards then held by the Executive, shall be accelerated in full, and thereafter all such options, shares of restricted Common Stock and other equity awards shall be immediately vested and exercisable for such period of time as provided for by the specific agreements governing each such award, upon Executive’s termination pursuant to Sections 11(b), (c), (e) or (f) hereof.

  • Vesting of Equity Awards Notwithstanding the provisions of any plan or agreement governing such an Award (as defined in Section 4(c)), all Awards granted to you that remain outstanding and unvested immediately prior to the occurrence of a Change in Control (as defined in Section 4(d)(i)) automatically shall vest in full upon the occurrence of the Change in Control.

  • Equity Vesting Acceleration Vesting acceleration (and exercisability, as applicable) as to 100% of the then-unvested shares subject to each of the Executive’s then-outstanding Company equity awards subject to only time-based (and not performance-based) vesting. In the case of equity awards with performance-based vesting, such awards will be treated as set forth in the applicable award agreement. For the avoidance of doubt, in the event of the Executive’s Qualifying Pre-CIC Termination, any unvested portion of the Executive’s then-outstanding equity awards will remain outstanding until the earlier of (x) ninety (90) days following the Qualifying Termination or (y) the occurrence of a Change in Control, solely so that any benefits due on a Qualifying Pre-CIC Termination can be provided if a Change in Control occurs within the ninety (90) day period following the Qualifying Termination (provided that in no event will the Executive’s stock options or similar equity awards remain outstanding beyond the equity award’s maximum term to expiration). If no Change in Control occurs within the ninety (90) day period following a Qualifying Termination, any unvested portion of the Executive’s equity awards automatically and permanently will be forfeited on the ninetieth (90th) day following the date of the Qualifying Termination without having vested.

  • Vesting of Stock Options All unvested stock options held by Executive, if any, shall vest immediately upon a Change of Control Termination as defined in Section 6.1.2. Executive may exercise such options in accordance with the terms and conditions of the stock option plan and the agreement pursuant to which such options were granted.

  • Vesting Upon Change in Control Notwithstanding anything to the contrary in this Agreement, including Section (D):

  • Vesting of Options The Option shall vest (become exercisable) in accordance with the vesting schedule shown on page 1 of this Award Agreement. Notwithstanding the vesting schedule on page 1, the Option will also vest and become exercisable:

  • Change in Control Vesting The shares of Common Stock underlying each Tranche of Performance Shares may also vest on an accelerated basis in accordance with the applicable provisions of Paragraph 4 of this Agreement should a Change in Control occur after the start but prior to the completion of the Performance Period applicable to that particular Tranche or the Certification Date. Issuance Date: The shares of Common Stock which actually vest and become issuable pursuant to each Tranche of Performance Shares shall be issued in accordance with the provisions of this Agreement applicable to the particular circumstances under which such vesting occurs.

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