Options; Restricted Stock, Other Equity Compensation. All of the Employee’s then outstanding options to purchase shares of the Company’s Common Stock (the “Options”) shall immediately vest and become exercisable. The Options shall remain exercisable following the termination for the period prescribed in the respective option agreements. Additionally, all of the shares of the Company’s Common Stock then held by the Employee subject to a Company repurchase or forfeiture right (the “Restricted Stock”) shall immediately vest and the Company’s right of repurchase or receipt upon forfeiture with respect to such shares of Restricted Stock shall immediately lapse. All other Company equity compensation held by the Employee shall also immediately vest and the Company’s right to repurchase or receive upon forfeiture shall also immediately lapse.
Appears in 4 contracts
Samples: Change of Control Severance Agreement (Business Objects S.A.), Change of Control Severance Agreement (Business Objects S.A.), Change of Control Severance Agreement (Business Objects S.A.)
