Common use of Early Termination of Awards Clause in Contracts

Early Termination of Awards. During the term of this Agreement, if any of the events described in Section 2 constituting a Change in Control shall have occurred, and you are employed by the Company at any time during the period commencing 90 days prior to the Change in Control (or, if earlier, commencing on the date on which Leap enters into an agreement that provides for such Change in Control), and ending on the Change in Control, and your Unvested Awards shall terminate or be cancelled upon, as result of, or in connection with, such Change in Control, then immediately prior to such termination or cancellation of your Unvested Awards, your Unvested Awards shall become immediately vested and exercisable as to all shares subject thereto, and all repurchase, transfer and other restrictions with respect to the stock issued pursuant to your Unvested Awards shall immediately lapse and terminate as to all shares subject thereto.

Appears in 9 contracts

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

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.