Common use of Incentive, Deferred Compensation, and Retirement Programs Clause in Contracts

Incentive, Deferred Compensation, and Retirement Programs. If the Executive is entitled to a Severance Payment under Section 2(a) and notwithstanding anything to the contrary in any stock option or stock appreciation right (SAR) or deferred compensation plan or retirement plan or agreements, then (i) the Executive shall become immediately fully vested in all of his or her outstanding stock options, SARs, warrants, restricted stock, phantom stock, deferred compensation, retirement or similar plans or agreements of the Company, and (ii) the Executive (or his or her personal representative if applicable) shall be permitted to exercise any of his or her vested stock options/SARs until the earlier of (i) one (1) year after Executive's termination of employment or (ii) the term of such unexercised stock options, warrants, or SARs.

Appears in 4 contracts

Samples: Control Agreement, Change in Control Agreement (Molina Healthcare Inc), Change in Control Agreement (Molina Healthcare Inc)

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Incentive, Deferred Compensation, and Retirement Programs. If the Executive is entitled to a Severance Payment under Section 2(a) and notwithstanding anything to the contrary in any stock option or stock appreciation right (SAR) or deferred compensation plan or retirement plan or agreements, then (i) the Executive shall become immediately fully vested in all of his or her outstanding stock options, SARs, warrants, restricted stock, phantom stock, deferred compensation, retirement or similar plans or agreements of the Company, and (ii) the Executive (or his or her personal representative if applicable) shall be permitted to exercise any of his or her vested stock options/SARs until the earlier of (i) one (1) year after Executive's ’s termination of employment or (ii) the term of such unexercised stock options, warrants, or SARs.

Appears in 4 contracts

Samples: Change in Control Agreement (Molina Healthcare Inc), Change in Control Agreement (Molina Healthcare Inc), Change in Control Agreement (Molina Healthcare Inc)

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Incentive, Deferred Compensation, and Retirement Programs. If the Executive is entitled to a Severance Payment under Section 2(a) and notwithstanding anything to the contrary in any equity incentive, stock option or option, stock appreciation right (SAR) ), or deferred compensation plan or retirement plan or agreements, then (i) the Executive shall become immediately fully vested in all of his or her outstanding restricted stock, stock options, SARs, warrants, restricted stock, phantom stock, deferred compensation, retirement retirement, or similar plans or agreements of the Company, and (ii) the Executive (or his or her personal representative if applicable) shall be permitted to exercise any of his or her vested stock options/SARs until the earlier of of: (i) one (1) year after Executive's ’s termination of employment or employment, and (ii) the term of such unexercised stock options, warrants, or SARs.

Appears in 1 contract

Samples: Change in Control Agreement (Molina Healthcare Inc)

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