Common use of Acceleration of Stock Awards Clause in Contracts

Acceleration of Stock Awards. All your outstanding awards of restricted stock, stock options, and other equity-based compensation shall become fully vested and exercisable in full immediately upon the effective date of the Waiver and Release; provided, however, that any such awards that would be out of the money as of the Date of Termination may be terminated pursuant to Section 9(b) hereof. In addition, all of your outstanding awards of restricted stock, stock options, and other equity-based compensation that are not assumed or substituted with awards of equivalent value in connection with a Change of Control shall become fully vested and exercisable in full immediately upon the Change of Control.

Appears in 19 contracts

Samples: Change of Control Agreement (LKQ Corp), Change of Control Agreement (LKQ Corp), Change of Control Agreement (LKQ Corp)

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Acceleration of Stock Awards. All your outstanding awards of restricted stock, stock options, and other equity-based compensation shall become fully vested and exercisable in full immediately upon the effective date Date of the Waiver and ReleaseTermination; provided, however, that any such awards that would be out of the money as of the Date of Termination may be terminated pursuant to Section 9(b) hereof. In addition, all of your outstanding awards of restricted stock, stock options, and other equity-based compensation that are not assumed or substituted with awards of equivalent value in connection with a Change of Control shall become fully vested and exercisable in full immediately upon the Change of ControlControl Date.

Appears in 9 contracts

Samples: Change of Control Agreement (LKQ Corp), Change of Control Agreement (LKQ Corp), Change of Control Agreement (LKQ Corp)

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Acceleration of Stock Awards. All your outstanding awards of restricted stock, stock options, and other equity-based compensation shall become fully vested and exercisable in full immediately upon the effective date Date of the Waiver and ReleaseTermination; provided, however, that any such awards that would be out of the money as of the Date of Termination may be terminated pursuant to Section 9(b) hereof. In addition, all of your outstanding awards of restricted stock, stock options, and other equity-based compensation that are not assumed or substituted with awards of equivalent value in connection with a Change of Control shall become fully vested and exercisable in full immediately immediate upon the Change of ControlControl Date.

Appears in 5 contracts

Samples: Change of Control Agreement (Advance America, Cash Advance Centers, Inc.), Change of Control Agreement (Advance America, Cash Advance Centers, Inc.), Change of Control Agreement (Advance America, Cash Advance Centers, Inc.)

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