Common use of Deemed Vesting for Certain Benefits Clause in Contracts

Deemed Vesting for Certain Benefits. Effective as of the Date of Termination, the Executive shall be deemed to have met all service and other requirements for full vesting of benefits under all company stock option or other stock or equity compensation plans in which the Executive participates to the extent that the Executive had not already vested in such benefits as of the Date of Termination. The value of any benefits as reasonably determined by the Company and not otherwise payable under such above-referenced plans, shall be payable hereunder as a lump sum at the same time and in the same manner as amounts specified in Section 4(a)(i) above.

Deemed Vesting for Certain Benefits. Effective as of the Date of Termination, the Executive shall be deemed to have met all service and other requirements for full vesting of benefits under all company stock option or other stock or equity compensation plans in which the Executive participates to the extent that the Executive had not already vested in such benefits as of the Date of Termination. The value of any benefits as reasonably determined by the Company and not otherwise payable under such above-referenced plans, shall be payable hereunder as a lump sum at the same time and in the same manner as amounts specified in Section 4(a)(i) above.