Acceleration of Stock Options. Notwithstanding the provisions of a stock option plan or option agreement to the contrary, if Executive's employment is terminated by the Company following a Change in Control involuntarily and without Business Reasons (as defined in Section 7.A hereof), all options to purchase shares of common stock of the Company which may be granted to Executive under the Company's 1999 Stock Option Plan shall immediately vest and become exercisable, and all restrictions on any restricted stock granted to Executive shall immediately lapse.
Appears in 3 contracts
Samples: Employment Agreement (High Speed Access Corp), Employment Agreement (High Speed Access Corp), Employment Agreement (High Speed Access Corp)
Acceleration of Stock Options. Notwithstanding the provisions of a stock option plan or option or restricted stock agreement to the contrary, if Executive's employment is terminated by the Company following a Change in Control involuntarily and without Business Reasons (as defined in Section 7.A hereof), all options to purchase shares of common stock of the Company which may be granted to Executive under the Company's 1999 Stock Option Plan shall immediately vest and become exercisable, and all restrictions on any restricted stock granted to Executive shall immediately lapse.
Appears in 2 contracts
Samples: Employment Agreement (High Speed Access Corp), Employment Agreement (High Speed Access Corp)
