Common use of Grants or Options Clause in Contracts

Grants or Options. This Agreement does not affect the terms and conditions controlling, or status of, any stock options or grants of restricted stock which previously have been or later may be awarded to the Associate. Any vested stock options or grants of restricted stock are governed by the terms of the letters by which they were made, which are incorporated herein by reference as if set forth in full in this Agreement.

Appears in 4 contracts

Samples: Severance Agreement (Carmax Inc), Severance Agreement (Carmax Inc), Severance Agreement (Carmax Inc)

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Grants or Options. This Agreement does not affect the terms and conditions controlling, or status of, any stock options or grants of restricted stock which previously have been or later may be awarded to the Associate, except as provided in Article 3. 2. Any vested stock options or grants of restricted stock are governed by the terms of the letters by which they were made, subject to Article 3.2, which are incorporated herein by reference as if set forth in full in this Agreement.

Appears in 1 contract

Samples: Severance Agreement (Carmax Inc)

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