Common use of Equity Compensation Adjustments Clause in Contracts

Equity Compensation Adjustments. Upon death of Executive, any equity-based compensation awards granted to Executive by Company under an Equity Plan that vested prior to Executive’s death will be governed by the terms of such awards and such Equity Plan. Any equity-based compensation awards granted to Executive by Company under an Equity Plan that are unvested on Executive’s death will expire, unless otherwise provided in such awards and such Equity Plan.

Appears in 6 contracts

Samples: Employment Security Agreement (Zale Corp), Employment Security Agreement (Zale Corp), Employment Security Agreement (Zale Corp)

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Equity Compensation Adjustments. Upon death of Executive, any equity-based compensation awards granted to Executive by Company under an Equity Plan that vested prior to Executive’s 's death will be governed by the terms of such awards and such Equity Plan. Any equity-based compensation awards granted to Executive by Company under an Equity Plan that are unvested on Executive’s 's death will expire, unless otherwise provided in such awards and such Equity Plan.

Appears in 1 contract

Samples: Employment Security Agreement (Zale Corp)

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