Continued Vesting of Equity Awards. Subject to your execution and non-revocation of the Reaffirmation and compliance with the terms of this Agreement, equity awards comprising restricted stock units (“RSUs”) that have previously been granted to you, that are set forth on Appendix B attached hereto and that have not vested as of the Cessation Date, will continue to vest according to their original vesting schedule up until the Separation Date. For the avoidance of doubt, the vesting of all other outstanding unvested equity awards that you hold as of the Cessation Date shall immediately cease on the Cessation Date and shall be forfeited for no consideration.
Continued Vesting of Equity Awards. As of the Separation Date, Executive holds 320,000 fully vested stock options to purchase shares of the Company’s common stock (the “Options”). Notwithstanding anything to the contrary under any equity plan or award agreement evidencing the Options, the Company shall permit the Options to remain exercisable for a period of ninety (90) days following the Separation Date (subject to earlier termination on a change in control or similar event in accordance with the provisions of the equity compensation plan under which such awards were granted and the applicable stock option agreement). As of the Separation Date, Executive also holds 200,000 outstanding and unvested restricted stock units (collectively, the “Restricted Awards”). Notwithstanding anything to the contrary under any equity plan or award agreement evidencing the Restricted Awards, the Company shall permit the Restricted Awards to continue to vest for twelve (12) months following the Separation Date (to the extent they are scheduled to vest during that period in accordance with their customary vesting schedules). Any Restricted Awards not scheduled (in accordance with the usual vesting schedule applicable to such awards) to vest within one year after the Separation Date, terminated on the Separation Date and Executive has no further right with respect thereto or in respect thereof.
Continued Vesting of Equity Awards. Consultant’s performance of the Services during the Term shall be applied towards the vesting of outstanding Options, RSUs, Restricted Stock and PSUs (as such terms are defined below) issued to him by the Company. In accordance with the Tribune Media Company 2016 Incentive Compensation Plan, because Consultant is continuing to provide the Services, the termination of his employment prior to the Effective Date shall not result in the termination of any of his equity awards or be considered a termination of his service thereunder.
Continued Vesting of Equity Awards. During the Consulting Period, and as consideration for the Consulting Services, you shall be deemed a Service Provider under the Plan such that your Equity Awards will continue to vest pursuant to the applicable terms and conditions of the Equity Agreements. You acknowledge and agree that the continuing vesting of your Equity Awards is adequate and sufficient consideration for your performance of the Consulting Services, and you will not receive any additional compensation or benefits for the Consulting Services.
Continued Vesting of Equity Awards. Client acknowledges and agrees that so long as Consultant shall continue to provide services under this Agreement, Consultant shall be deemed to be a “Service Provider” as such term is defined in the ZBB Energy Corporation 2010 Long-Term Incentive Plan as a result of which during such period all equity awards granted to Consultant shall continue to vest and be exercisable in accordance with the terms of such stock options.
Continued Vesting of Equity Awards. Any outstanding stock options, restricted stock and other equity awards granted to Leparulo under the Novatel Wireless 1997 Employee Stock Option Plan (the “1997 Plan”), 2000 Stock Incentive Plan (the “2000 Plan”), whether in his former capacity as chief executive officer or otherwise and whether awarded before or after the date of this Agreement, shall continue to vest while he remains in “Service” to the Company (as defined in the 1997 Plan and the 2000 Plan), and as to his stock options and restricted stock, shall not expire until the period prescribed in the applicable award agreements (as listed on Exhibit A hereto and as currently in effect) following the end of his Service with the Company in all capacities. For the avoidance of doubt, notwithstanding Leparulo’s resignation as chief executive officer of the Company, the parties agree that Leparulo remains in the continuous “Service” of the Company for purposes of the 1997 Plan, the 2000 Plan, and each of these equity awards while he is either Executive Chairman as provided hereunder, or while he is a member of the Board of Directors, or while he is serving in any similar capacity.
Continued Vesting of Equity Awards. You hold outstanding stock options and restricted stock units awards (“Equity Awards”) under the Company’s equity compensation plans and individual award agreements (collectively, the “Equity Award Agreements”), as set forth on Exhibit A. By your signature to this Agreement, you acknowledge and agree that the Equity Awards set forth on Exhibit A represent all of your outstanding rights to Company equity securities. So long as you continue to provide Services to the Company during the Term, all of your Equity Awards will continue to vest and remain outstanding. Vesting of the Equity Awards will cease upon the earlier of: (i) the termination of the Services by the Company if you breach any of Sections 5, 6, and 7; (ii) your termination of the Services or (iii) the expiration of the Term. If there is a change in control during the Term and the successor company does not assume your Equity Awards, then they will fully vest immediately prior to the change in control.
Continued Vesting of Equity Awards. Your outstanding equity awards specified in Exhibit C hereto shall continue to vest on a prorated basis through the Retirement Date in accordance with the applicable award agreements. The amounts are shown at “target” but will be paid on actual results according to the applicable grant agreements. For the avoidance of doubt, (i) you shall not be eligible to participate in any future Voluntary Equity Investment Program, (ii) all of your outstanding equity awards that have not vested as of the Retirement Date shall be forfeited as of the Retirement Date and you shall have no further rights with respect thereto, and (iii) you hold no outstanding equity awards in Accenture other than those set forth in Exhibit C. Performance Bonus If you successfully meet the client transition objectives specified in Exhibit A, comply with all of your obligations under this Agreement, and sign, date and return the Supplemental Release attached hereto as Exhibit B on or within twenty-one (21) days after your Retirement Date, Accenture will pay you a cash performance bonus of $1,000,000 no later than forty-five (45) days after the Retirement Date.
Continued Vesting of Equity Awards. You hold outstanding stock options and restricted stock units awards (“Equity Awards”) under the Company’s equity compensation plans and individual award agreements (collectively, the “Equity Award Agreements”), as set forth on Exhibit B. By your signature to this Agreement, you acknowledge and agree that the Equity Awards set forth on Exhibit B represent all of your outstanding rights to Company equity securities. Vesting of the Equity Awards will cease upon your termination of employment. If a change in control is consummated prior to the Separation Date and the successor company does not assume your Equity Awards, then they will fully vest immediately prior to the change in control.
Continued Vesting of Equity Awards. The Parties acknowledge and agree that all restricted stock units, performance-based restricted stock units and any other equity awards (together, “Equity Awards”) granted to Executive by the Company prior to the Effective Date shall continue to vest, subject to Executive’s continued service as Executive Chair of the Board, in accordance with the applicable award agreement. For the avoidance of doubt, the Transition shall not be treated as a termination of Executive’s employment pursuant to such equity award agreements and Executive shall not forfeit (and shall continue to vest in, subject to his continued service as Executive Chair of the Board) all outstanding Equity Awards granted to him.
