Prior Equity Awards. Any equity awards previously granted to Executive shall continue in effect in accordance with their existing terms unless superseded by the terms of this Agreement.
Prior Equity Awards. The Company has previously granted you equity awards under the Company’s 2012 Equity Incentive Plan (the “Equity Plan”). Such awards will continue to be subject to their existing terms and any additional terms set forth in this Agreement.
Prior Equity Awards. Notwithstanding any provision of this Agreement to the contrary, the vesting (including accelerated vesting) and other terms of all equity awards granted to Employee before the Renewal Effective Date (the “Prior Equity Awards”) shall continue to be governed by the terms of the Prior Agreement and the applicable equity award agreements; provided, however, that any accelerated vesting pursuant to Employee’s termination shall be subject to the Release (as such term is defined herein) provisions of Section 8(f) of this Agreement.
Prior Equity Awards. The Executive acknowledges and agrees that on October 20, 2021, the Executive was granted awards of restricted stock units under the Company’s 2021 Equity Incentive Plan.
Prior Equity Awards. Executive was previously awarded the following grants under the Plan:
Prior Equity Awards. As provided in the Employment Agreement, the vesting of all outstanding unvested restricted stock units (“RSUs”) and nonqualified stock options (“Options”) granted prior to the Separation Date that would have vested in the ordinary course over the one-year period following the Separation Date, is accelerated.
Prior Equity Awards. All stock options to purchase common stock of the Company that were previously granted to you by the Company, other than the stock option granted to you on April 1, 2017 (which option is exercisable, after giving effect to the Company’s 1-for-10 reverse stock split effected on April 24, 2017, for 21,421 shares at an exercise price of $4.30 per share and has a four-year exercise term), are hereby terminated and all shares subject to said options shall be returned to the pool available for grant pursuant to the Plan.
Prior Equity Awards. Except for a stock option grant dated May 15, 2009 under the Company’s 2002 Equity Incentive Plan (the “Plan”) with respect to 929,400 shares of the Company’s common stock (the “May 2009 Option”), all outstanding stock options previously granted to you under the Plan or otherwise (the “Other Options”) shall cease to vest as of the Resignation Date, with the result that 940,025 Other Options, with an exercise price of $6.25 per share, shall be vested as of the Resignation Date (and the remainder forfeited as of such date) and Xx. Xxxxxxx X. Katz February 25, 2010 Page Two continue to be exercisable for one (1) year following the Resignation Date (subject to their applicable expiration dates and to the provisions of Section 11(c) of the Plan with respect to Corporate Transactions) without regard to your service as a member of the Board following the Resignation Date and without regard to any contrary provisions of the Plan or the other documents governing such awards. With respect to the May 2009 Option, twenty-five percent (25%) of the shares subject to that option (the “Vestable Portion”) shall vest on May 15, 2010 if the Price Condition (as such term is defined in the Stock Option Grant Notice for such option) has been met on such date, or on such later date, if any, during the period of your Board service when such Price Condition has been met; provided, however, that (a) the Vestable Portion shall vest if a Change in Control, as such term is defined in Section 5.1.1 of the Employment Agreement (as in effect on the date hereof), occurs at any time during the period of your Board service, but only if the transaction price per share of the Company’s common stock in such Change in Control is at or above $4.00 per share, and (b) the Vestable Portion shall vest if the Price Condition is met at any time during the period of one (1) year following your resignation from the Board at its request but in the absence of Cause, as such term is defined in Section 4.4.1 of the Employment Agreement. Should the Vestable Portion become vested as provided above, (i) it may not be exercised unless and until you have completed one (1) year of service as Executive Chairman of the Board, except in the event of a Change in Control (as defined above) or your resignation as Executive Chairman of the Board at the Board’s request but in the absence of Cause (as defined above) prior to completing such one (1) year of service, and (ii) if the Vestable Portion has become exercisable i...
Prior Equity Awards. To the extent that shares are unvested, Executive remains eligible to vest in all prior equity awards pursuant to the terms of the 2009 Amended and Restated Equity Incentive Plan (the “2009 Plan” and, including any amendment thereto, successor or replacement equity compensation plan of the Company, the “Plan”) and any relevant grant agreements.
Prior Equity Awards. Associate has previously been awarded various equity awards (including restricted stock units and performance restricted stock units) pursuant to Benefitfocus' Amended and Restated 2012 Stock Plan and its Management Incentive Bonus Program. All such prior awards are intended to continue to vest during Associate's employment under this Agreement, subject to the terms of such awards, except to the extent that acceleration of vesting may occur as described in Section 7 below.
