Exercise Termination Date. Employer and Executive acknowledge and agree that between 2007 and 2015 Employer issued Incentive Stock Options (“ISOs”) and Nonqualified Stock Options (“NSOs” and, collectively with the ISOs, the “Options”) to Executive under certain of Employer’s incentive equity plans (the “Option Plans”), including but not limited to Employer’s 2001 Performance Stock Option Plan, Employer’s 2006 Long-Term Incentive Plan, and Employer’s 2010 Omnibus Incentive Plan. Employer and Executive further acknowledge and agree that the RigNet Account Summary maintained on the Solium Inc. website, a copy of which is attached hereto as Exhibit “C” to this Agreement (the “Account Summary”), is believed to be accurate as to the Options held by Executive, the exercise price of the Options and the number of Options which have vested as of the Separation Date (the “Vested Options”). Notwithstanding anything in the Option Plans or any option award agreements (the “Option Agreements”) to the contrary, Executive shall have until 11:59 p.m. central time on August 1, 2016 (the “Exercise Termination Date”) to deliver a fully completed and executed notice of exercise (the “Exercise Notice”) to the Company exercising all or a portion of the Vested Options along with payment therefor, provided that the exercise date specified in the Exercise Notice can be no later than the Exercise Termination Date. The Company acknowledges and agrees that if the Exercise Termination Date falls within a Blackout Period (as that term is defined in the RigNet Xxxxxxx Xxxxxxx Compliance Policy) the Company will ensure that Executive’s account on the Solium, Inc. website and network (as applicable) is programmed, effective no later than 8:00 a.m. central time on the Exercise Termination Date, in a manner which will not prevent Executive from the exercise of any and all Vested Options on the Exercise Termination Date regardless of exercise falling within the Blackout Period. In the event of an error or outage in the Solium, Inc. website or network which prevents Executive from exercising his Vested Options on the Exercise Termination Date, the parties agree to extend the Exercise Termination Date to 11:59 pm central time on the next business day following the day the Solium, Inc. network is restored in a manner which would allow Executive to exercise his Vested Options. Further, in the event the Solium, Inc. website will not allow a “cashless” exercise of Options by Executive, Executive will notify the Company, which...
Exercise Termination Date. 3.a. Except as otherwise provided herein, the Executive shall be entitled to exercise any LTBP at any time on or after the date such LTBP (or any portion thereof) becomes vested and before the Termination Date of such LTBP.
Exercise Termination Date
