Acceleration of Equity Compensation Grant Vesting Upon Death. If Executive’s employment with Company terminates due to Executive’s death, then each Equity Grant held by Executive, to the extent then outstanding, shall become fully vested and exercisable (and any forfeiture provision shall lapse) in full as of the date of Executive’s death. The Equity Grants shall be exercisable by the estate of Executive in accordance with the time periods and procedures set forth in the Equity Grant agreement.
Appears in 2 contracts
Samples: Employment Agreement (Hancock Fabrics Inc), Employment Agreement (Hancock Fabrics Inc)
Acceleration of Equity Compensation Grant Vesting Upon Death. If Executive’s employment with the Company terminates due to Executive’s death, then (A) each Equity Grant held by Executive, to the extent then outstanding, shall become fully vested and exercisable (and any forfeiture provision shall lapse) in full as of the date of Executive’s death. The Equity Grants shall be exercisable by the estate of the Executive in accordance with the time periods and procedures set forth in the Equity Grant agreement.
Appears in 2 contracts
Samples: Employment Agreement (E Trade Financial Corp), Employment Agreement (E Trade Financial Corp)
