Common use of Acceleration Upon Termination of Employment Clause in Contracts

Acceleration Upon Termination of Employment. If Participant's employment is terminated without "Cause" or by the Participant for "Good Reason," as those terms are defined in Participant's Employment Agreement, then the vesting of any portion of the Option which as of the date of termination of employment is available for vesting during the year of termination of employment or in a subsequent year will be accelerated to the date of termination of employment according to the following schedule: Date of Termination Percentage Vesting ------------------- ------------------ Prior to 7/31/2002 25% 8/1/2002 to 7/31/2004 50% 8/1/2004 to 7/31/2006 75% After 8/1/2006 90% AMENDMENT TO ALON ASSETS, INC. INCENTIVE STOCK OPTION AGREEMENT This Amendment is made by and between Alon Assets, Inc. (the "Corporation") and Xxxxxx X. Xxxx (the "Participant") as of the 30th day of June, 2002, effective as of July 31, 2000 (except as otherwise expressly provided), with reference to the following facts:

Acceleration Upon Termination of Employment. If Participant's employment is terminated without "Cause" or by the Participant for "Good Reason," as those terms are defined in Participant's Employment Agreement, then the vesting of any portion of the Option which as of the date of termination of employment is available for vesting during the year of termination of employment or in a subsequent year will be accelerated to the date of termination of employment according to the following schedule: Date of Termination Percentage Vesting ------------------- ------------------ Prior to 7/31/2002 25% 8/1/2002 to 7/31/2004 50% 8/1/2004 to 7/31/2006 75% After 8/1/2006 90% AMENDMENT TO ALON ASSETSUSA OPERATING, INC. INCENTIVE STOCK OPTION AGREEMENT This Amendment is made by and between Alon AssetsUSA Operating, Inc. (the "Corporation") and Xxxxxx X. Xxxx (the "Participant") as of the 30th day of June, 2002, effective as of July 31, 2000 (except as otherwise expressly provided), with reference to the following facts:

Acceleration Upon Termination of Employment. If Participant's employment is terminated without "Cause" or by the Participant for "Good Reason," as those terms are defined in Participant's Employment Agreement, then the vesting of any portion of the Option which as of the date of termination of employment is available for vesting during the year of termination of employment or in a subsequent year will be accelerated to the date of termination of employment according to the following schedule: Date of Termination Percentage Vesting ------------------- ---------------------- ------------------ Prior to 7/31/2002 1/1/2003 25% 8/1/2002 1/1/2003 to 7/31/2004 12/31/2004 50% 8/1/2004 1/1/2005 to 7/31/2006 12/31/2006 75% After 8/1/2006 12/31/2006 90% AMENDMENT TO ALON ASSETSUSA OPERATING, INC. INCENTIVE STOCK OPTION AGREEMENT This Amendment is made by and between Alon AssetsUSA Operating, Inc. (the "Corporation") and Xxxxxx X. Xxxx Xxx Xxxxxxxxx (the "Participant") as of the 30th 25th day of JuneJuly, 2002, effective as of July 31, 2000 (except as otherwise expressly provided), with reference to the following facts:

Acceleration Upon Termination of Employment. If Participant's employment is terminated without "Cause" or by the Participant for "Good Reason," as those terms are defined in Participant's Employment Agreement, then the vesting of any portion of the Option which as of the date of termination of employment is available for vesting during the year of termination of employment or in a subsequent year will be accelerated to the date of termination of employment according to the following schedule: Date of Termination Percentage Vesting ------------------- ---------------------- ------------------ Prior to 7/31/2002 1/1/2003 25% 8/1/2002 1/1/2003 to 7/31/2004 12/31/2004 50% 8/1/2004 1/1/2005 to 7/31/2006 12/31/2006 75% After 8/1/2006 12/31/2006 90% AMENDMENT TO ALON ASSETS, INC. INCENTIVE STOCK OPTION AGREEMENT This Amendment is made by and between Alon Assets, Inc. (the "Corporation") and Xxxxxx X. Xxxx Xxx Xxxxxxxxx (the "Participant") as of the 30th 25th day of JuneJuly, 2002, effective as of July 31, 2000 (except as otherwise expressly provided), with reference to the following facts: