Common use of Acceleration of Option Vesting Clause in Contracts

Acceleration of Option Vesting. In the case of a Constructive Termination, all unvested stock options held by the Executive shall become fully vested, effective on the Date of Termination, and shall be thereafter exercisable in accordance with the provisions of the applicable Option Plan (including, without limitation, Sections 5 and 6 thereof) and Option Agreement.

Appears in 7 contracts

Samples: Employment Agreement (Goodys Family Clothing Inc /Tn), Employment Agreement (Goodys Family Clothing Inc /Tn), Employment Agreement (Goodys Family Clothing Inc /Tn)

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Acceleration of Option Vesting. In the case of a Constructive Termination, all unvested stock options held by the Executive shall become fully vested, effective on the Date of Termination, and shall be thereafter exercisable in accordance with the provisions of the applicable Option Plan (including, without limitation, Sections 5 and 6 thereof) and Option Agreement.

Appears in 1 contract

Samples: Employment Agreement (Goodys Family Clothing Inc /Tn)

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