Common use of Outstanding Equity Awards Clause in Contracts

Outstanding Equity Awards. Any and all outstanding unvested equity awards held by the Executive as of the Date of Termination shall automatically vest and be deemed exercisable and/or vested, as the case may be. Notwithstanding the foregoing, any performance-based equity awards held by the Executive as of the Date of Termination shall vest and be exercisable and/or paid to the Executive as and to the extent provided in the applicable award agreement or plan document. For the avoidance of doubt, this Agreement shall be deemed to be an “Employment Agreement” as defined under the Company’s equity incentive plan(s) and the applicable award agreements thereunder.

Appears in 9 contracts

Samples: Change in Control Severance Agreement (Stanley, Inc.), Change in Control Severance Agreement (Stanley, Inc.), Change in Control Severance Agreement (Stanley, Inc.)

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