Common use of Other Stock Options Clause in Contracts

Other Stock Options. If other stock options under any plans after the 1998 Stock Option Plan are issued, these stock options will be treated as if the stock options had vested at 100% in connection with the Change in Control. Any difference between the value of such stock options that actually vested in connection with the Change in Control and 100% vesting shall be calculated and Fargo or the Successor will pay such amount not more than 30 days following the Date of Termination.

Appears in 2 contracts

Samples: Direct Reports Agreement (Fargo Electronics Inc), Direct Reports Agreement (Fargo Electronics Inc)

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Other Stock Options. If other stock options under any plans after other than the 1998 Stock Option Plan are issued, these stock options will be treated as if the stock options had vested at 100% in connection with the Change in Control. Any difference between the value of such stock options that actually vested in connection with the Change in Control and 100% vesting shall be calculated and Fargo or the Successor will pay such amount not more than 30 days following the Date of Termination.

Appears in 2 contracts

Samples: Officers Agreement (Fargo Electronics Inc), Officers Agreement (Fargo Electronics Inc)

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