Acceleration of Awards. Upon a Change in Control Date,
(a) each outstanding option to purchase shares of the Company held by the Executive (to the extent not then currently exercisable) shall become immediately exercisable in full,
(b) each outstanding restricted stock award held by the Executive shall be deemed to be fully vested and such vested shares will no longer be subject to any applicable right of repurchase or first refusal by the Company, and
(c) each outstanding restricted share unit award held by the Executive shall be deemed to be fully vested and such vested shares shall be distributed to the Executive within five business days thereafter.
Acceleration of Awards. If the Change in Control Date occurs prior to the Date of Termination, then, effective upon the Change in Control Date,
(a) each outstanding option to purchase shares of the Company held by the Executive (to the extent not then currently exercisable) shall become immediately exercisable in full and shares of the Company received upon exercise of any options will no longer be subject to any applicable right of repurchase or first refusal by the Company,
(b) each outstanding restricted stock award held by the Executive shall be deemed to be fully vested and such vested shares will no longer be subject to any applicable right of repurchase or first refusal by the Company,
(c) each outstanding restricted share unit award held by the Executive shall be deemed to be fully vested and such vested shares shall be distributed to the Executive as soon as practicable thereafter,
(d) notwithstanding any provision in any applicable option agreement to the contrary, each such option shall continue to be exercisable by the Executive for a period of 12 months following the Date of Termination if the Executive is terminated without Cause or resigns for Good Reason following the Change in Control Date, but in no event may the option be exercised after the original expiration date of the option,
(e) the performance criteria set forth in any Multi-Year Award shall be deemed satisfied at the mid-range target level for the Performance Period in which the Change in Control occurs and for each subsequent Performance Period that is part of the award under such Multi-Year Award, and the Executive shall be entitled to receive the full mid-range target bonus for each such Performance Period on the Change in Control Payment Date, and
(f) the performance criteria set forth in any Annual Award shall be deemed satisfied at 100% of the target levels, and the Executive shall be entitled to receive, on the Change in Control Payment Date, the product of (i) 100% of the target bonus for the Performance Period in which the Change in Control occurs and (ii) the Pro-Rating Fraction.
Acceleration of Awards. In the event of the Participant’s death or Disability (treating service as a director of the Company as “employment” under the terms of the Plan), all unvested Shares subject to this Restricted Stock Award shall become vested upon such date. The Committee, in its sole discretion, otherwise may elect to accelerate the vesting for all or any part of the Shares subject to the Restricted Stock Award on the date of the Participant’s termination of service.
Acceleration of Awards. Unless prior to an Event the Committee determines that, upon the Event's occurrence, there shall be no acceleration of Awards or determines those Awards which shall be accelerated and the extent to which they shall be accelerated, upon the occurrence of an Event (a) each Option and each Stock Appreciation Right shall become immediately exercisable to the full extent theretofore not exercisable, (b) Restricted Stock shall immediately vest free of restrictions and (c) the number of shares covered by each Performance Share Award shall be issued to the Participant. Acceleration of Awards shall comply with applicable regulatory requirements, including, without limitation, Rule 16b-3 promulgated under the Exchange Act and Section 422 of the Code.
Acceleration of Awards. Prior to the IPO Effective Date, CAI in its discretion may choose to accelerate the vesting and payment, in whole or in part, of any CAI LTIP awards held by an Enova Employee to the extent consistent with the terms of an award or as permitted by the terms of the applicable CAI LTIP, and in accordance with any applicable participant consent requirements of the award or the CAI LTIP, CAI may cancel the unvested portion of any award that is not accelerated.
Acceleration of Awards. Unless, prior to an Event, the Board of Directors determines that, upon its occurrence, there shall be no acceleration of Awards or determines those Awards which shall be accelerated and the extent to which they shall be accelerated, (i) each Option and such related Stock Appreciation Right shall become immediately exercisable to the full extent theretofore not exercisable, (ii) Restricted Stock shall immediately vest free of restrictions and (iii) the number of shares covered by each Performance share Award shall be issued to the Participant; provided, however, that Awards shall not, in any event, be so accelerated to a date less than one year after the Award Date. Acceleration of Awards shall comply with applicable regulatory requirements, including, without limitation, Rule 16b-3 promulgated by the Securities and Exchange Commission pursuant to the Act and Section 422A of the Code. For purposes of this Section 7.4 only, Board of Directors shall mean the Board of Directors as constituted immediately prior to the Event.
Acceleration of Awards. If, during the Employment Period, the Company shall terminate the Executive’s employment other than for Cause, Death or Disability or the Executive terminates the Executive’s employment for Good Reason, then, subject to Section 5 of this Agreement, the vesting of all awards granted to the Executive under the LTIP (including stock options granted under the 1998 Plan) and the vesting of all equity-based awards, such as restricted stock, granted to the Executive outside of the LTIP shall be accelerated so that such awards shall vest (and, to the extent applicable, become exercisable) as to the shares that otherwise would have been unvested and the repurchase rights of the Company with respect to shares issued upon exercise of awards shall lapse as to the shares subject to such repurchase rights. For purposes of this provision, any such termination of the Executive’s employment shall be deemed to be a termination for the convenience of the Board; accordingly, any stock options or share appreciation rights granted to the Executive under the LTIP (including stock options granted under the 1998 Plan) which are or become vested and, if applicable, exercisable as of the Date of Termination shall terminate ninety (90) days after the Date of Termination.
Acceleration of Awards. In the event of Participant’s death or Disability (treating service as a Director of the Company as “employment” under the terms of the Plan), all unvested Shares subject to this Restricted Stock Award shall become vested upon such date. The Committee, in its sole discretion, otherwise may elect to accelerate the vesting for all or any part of the Shares subject to the Restricted Stock Award on the date of the Participant’s termination of service. The Restricted Stock Award shall be forfeited to the extent it does not become vested upon a termination of service prior to the Vesting Date.
Acceleration of Awards. If the Change in Control Date occurs prior to the Date of Termination, then, effective upon the Change in Control Date,
Acceleration of Awards
