Common use of Accelerated Vesting of Options Clause in Contracts

Accelerated Vesting of Options. Notwithstanding any provision hereof ------------------------------ to the contrary, if a Change of Control (as defined below) occurs at any time prior to the third anniversary of this Agreement, and the Employee continues to be employed by the Company through the Change of Control Vesting Date (as defined below), then unvested Options shall become vested on the earlier of their normal vesting date or the Change of Control Vesting Date.

Appears in 3 contracts

Samples: Stock Option Agreement (Samsonite Corp/Fl), Stock Option Agreement (Samsonite Corp/Fl), Stock Option Agreement (Samsonite Corp/Fl)

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Accelerated Vesting of Options. Notwithstanding any provision ------------------------------ hereof ------------------------------ to the contrary, if a Change of Control (as defined below) occurs at any time prior to the third anniversary of this Agreement, and the Employee continues to be employed by the Company through the Change of Control Vesting Date (as defined below), then unvested Options shall become vested on the earlier of their normal vesting date or the Change of Control Vesting Date.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Samsonite Corp/Fl)

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