Common use of Options and Restricted Shares Clause in Contracts

Options and Restricted Shares. Employee’s options and restricted stock shall vest in the event that Employee: (i) is discharged without Cause following and within two (2) years of the Change of Control; or (ii) resigns from the Company with Good Reason after the expiration of six (6) months following the Change of Control and within two (2) years following the Change of Control (unrelated to a discharge with Cause).

Appears in 3 contracts

Samples: Employment Agreement (Bon Ton Stores Inc), Employment Agreement (Bon Ton Stores Inc), Employment Agreement (Bon Ton Stores Inc)

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Options and Restricted Shares. To the extent that they have not previously vested, Employee’s options and restricted stock shall vest in the event that Employee: : (i) is discharged without Cause following and within two (2) years of the Change of Control; or or (ii) resigns from the Company with Good Reason after the expiration of six (6) months following the Change of Control and within two (2) years following the Change of Control (unrelated to a discharge with Cause).

Appears in 1 contract

Samples: Employment Agreement (Bon Ton Stores Inc)

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