Acceleration of Equity Awards. All outstanding and unvested options to purchase the common stock of the Company or any affiliate of the Company granted under any equity plan of the Company or affiliate of the Company, restricted stock then held by the Executive and other equity and equity equivalent awards then held by the Executive shall be accelerated in full, and thereafter all such options, restricted stock and other equity awards shall be immediately vested, and exercisable for such period of time following termination as provided for by the specific agreements governing each such award.
Appears in 9 contracts
Samples: Employment Agreement (Toughbuilt Industries, Inc), Employment Agreement (Toughbuilt Industries, Inc), Employment Agreement (Toughbuilt Industries, Inc)
Acceleration of Equity Awards. All (AA) outstanding and unvested options to purchase the common stock of the Company or any affiliate of the Company granted under any equity plan of the Company or affiliate of the Company, (BB) restricted stock then held by the Executive Employee and (CC) other equity and equity equivalent awards then held by the Executive Employee shall be accelerated in full, and thereafter all such options, restricted stock and other equity awards shall be immediately vested, and exercisable for such period of time following termination as provided for by the specific agreements governing each such award.
Appears in 1 contract
Samples: Change of Control Severance Agreement (Spansion Inc.)
Acceleration of Equity Awards. All (AA) outstanding and unvested options to purchase the common stock of the Company or any affiliate of the Company granted under any equity plan of the Company or affiliate of the Company, (BB) restricted stock then held by the Executive and (CC) other equity and equity equivalent awards then held by the Executive shall be accelerated in full, and thereafter all such options, restricted stock and other equity awards shall be immediately vested, and exercisable for such period of time following termination as provided for by the specific agreements governing each such award.
Appears in 1 contract
Samples: Change of Control Severance Agreement (Spansion Inc.)