Common use of Continuation of Awards Clause in Contracts

Continuation of Awards. If Leap enters into an agreement that provides for any of the events described in Section 2 constituting a Change in Control, and you are employed by the Company on the date Leap enters into such agreement, then, notwithstanding any contrary terms thereof, your Awards and your Deferred Compensation shall remain outstanding (except to the extent such Awards or Deferred Compensation are exercised by you or distributed to you) and shall not be subject to forfeiture, repurchase, termination or expiration until such Change in Control occurs or such agreement terminates.

Appears in 9 contracts

Samples: Change in Control Agreement (Leap Wireless International Inc), Change in Control Agreement (Leap Wireless International Inc), Change in Control Agreement (Leap Wireless International Inc)

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