Common use of Existing Stock Awards Clause in Contracts

Existing Stock Awards. With respect to all Stock Awards granted prior to the date of this Agreement (the “Existing Stock Awards”): (i) In the event of Employee’s Qualifying Termination prior to a Change in Control or more than eighteen (18) months following a Change in Control, then such number of Employee’s Existing Stock Awards shall be deemed vested effective immediately prior to such termination as would have vested by their terms during the nine (9) months following Employee’s date of termination had Employee remained employed by the Company during such period; and (ii) In the event of Employee’s Qualifying Termination that occurs within eighteen (18) months following a Change in Control, then all of Employee’s Existing Stock Awards shall be deemed vested immediately prior to such termination.