Common use of Condition to Accelerated Vesting and Exercisability Clause in Contracts

Condition to Accelerated Vesting and Exercisability. The accelerated vesting and exercisability of shares of Common Stock subject to the Option pursuant to this paragraph 4 shall be conditioned on the Holder's delivery to the Company of an executed General Release in accordance with Section 5.9 of the Employment Agreement and the Holder's non-revocation of such General Release during the time period for such revocation set forth therein.

Appears in 2 contracts

Samples: Executive Employment Agreement (Leap Wireless International Inc), Executive Employment Agreement (Leap Wireless International Inc)

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Condition to Accelerated Vesting and Exercisability. The accelerated vesting and exercisability of shares of Common Stock subject to the Option pursuant to this paragraph 4 subparagraph 3(d) shall be conditioned on the Holder's delivery to the Company of an executed General Release in accordance with Section 5.9 of the Employment Agreement and the Holder's non-revocation of such General Release during the time period for such revocation set forth therein.

Appears in 2 contracts

Samples: Stock Option Agreement (Leap Wireless International Inc), Stock Option Agreement (Leap Wireless International Inc)

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Condition to Accelerated Vesting and Exercisability. The accelerated vesting and exercisability of shares of Common Stock subject to the Option pursuant to this paragraph 4 subparagraph 3(b) shall be conditioned on the Holder's ’s delivery to the Company of an executed General Release in accordance with Section 5.9 of the Employment Agreement and the Holder's ’s non-revocation of such General Release during the time period for such revocation set forth therein.

Appears in 1 contract

Samples: Stock Option Agreement (Leap Wireless International Inc)

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