Common use of Options; Restricted Stock Clause in Contracts

Options; Restricted Stock. All of the Employee’s then outstanding options to purchase shares of the Company’s Common Stock (the “Options”) shall immediately vest and became exercisable. Additionally, all of the shares of the Company’s Common Stock then held by the Employee subject to a Company repurchase right (the “Restricted Stock”) shall immediately vest and the Company’s right of repurchase with respect to such shares of Restricted Stock shall lapse. The Options shall remain exercisable following the termination for the period prescribed in the respective option agreements.

Appears in 17 contracts

Samples: Control Severance Agreement, Change of Control Severance Agreement (Polycom Inc), Change of Control Severance Agreement (Polycom Inc)

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Options; Restricted Stock. All As provided in Company's existing stock option agreements, all of the Employee’s Executive's then outstanding options to purchase shares of the Company’s 's Common Stock (the “"Options") shall immediately vest and became exercisable. Additionally, all of the any shares of the Company’s 's Common Stock then held by the Employee Executive subject to a Company repurchase right (the “"Restricted Stock") shall immediately vest and the Company’s 's right of repurchase with respect to such shares of Restricted Stock shall lapse. The Options shall remain exercisable following the termination of employment for the period prescribed in the respective option agreements.

Appears in 6 contracts

Samples: Change of Control Severance Agreement (Anacomp Inc), Change of Control Severance Agreement (Anacomp Inc), Change of Control Severance Agreement (Anacomp Inc)

Options; Restricted Stock. All of the Employee’s 's then ------------------------- outstanding options to purchase shares of the Company’s 's Common Stock (the "Options") shall immediately vest and became exercisable. Additionally, all of the shares of the Company’s 's Common Stock then held by the Employee subject to a Company repurchase right (the "Restricted Stock") shall immediately vest and the Company’s 's right of repurchase with respect to such shares of Restricted Stock shall lapse. The Options shall remain exercisable following the termination for the period prescribed in the respective option agreements.

Appears in 3 contracts

Samples: Control Severance Agreement (Centillium Communications Inc), Control Severance Agreement (Centillium Communications Inc), Control Severance Agreement (Centillium Communications Inc)

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Options; Restricted Stock. All of the Employee’s then outstanding options to purchase shares of the Company’s Common Stock (the “Options”) shall immediately vest and became exercisable. Additionally, all of the shares of the Company’s Common Stock then held by the Employee subject to a Company repurchase right (the “Restricted Stock”) ), if any, shall immediately vest and the Company’s right of repurchase with respect to such shares of Restricted Stock shall lapse. The Options shall remain exercisable following the termination for the greater of (a) the period prescribed in the respective option agreementsagreements or (b) three (3) years.

Appears in 2 contracts

Samples: Change of Control Severance Agreement (Spectralink Corp), Change of Control Severance Agreement (Spectralink Corp)

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