Common use of Options and Restricted Stock Clause in Contracts

Options and Restricted Stock. 50% of the unvested shares subject to all of Executive’s options (the “Options”) to purchase Company common stock outstanding on the date of such termination (whether granted to Executive on, before or after the date of this Agreement) and 50% of any of Executive’s shares of Company common stock subject to a Company repurchase right upon Executive’s termination of employment for any reason (the “Restricted Stock”) whether acquired by Executive on, before or after the date of this Agreement, will immediately vest upon such termination. In all other respects, such Options and Restricted Stock will continue to be subject to the terms and conditions of the stock plans, if any, under which they were granted and any applicable agreements between the Company and Executive.”

Appears in 6 contracts

Samples: Severance Agreement (Artisan Components Inc), Severance Agreement (Artisan Components Inc), Severance Agreement (Artisan Components Inc)

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Options and Restricted Stock. 50% of the unvested shares subject to all of Executive’s options (the “Options”) to purchase Company common stock outstanding on the date of such termination (whether granted to Executive on, before or after the date of this Agreement) and 50% of any of Executive’s shares of Company common stock subject to a Company repurchase right upon ExecutiveEmployee’s termination of employment for any reason (the “Restricted Stock”) whether acquired by Executive on, before or after the date of this Agreement, will immediately vest upon such termination. In all other respects, such Options and Restricted Stock will continue to be subject to the terms and conditions of the stock plans, if any, under which they were granted and any applicable agreements between the Company and Executive.

Appears in 1 contract

Samples: Severance Agreement (Artisan Components Inc)

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