Settlement of Equity Awards. Notwithstanding the provision of any equity compensation plan, award agreement, other instrument under which stock options, stock awards or other equity-linked awards have been granted or by which any such options or awards are governed: (a) each option to purchase common stock of the Buyer that is outstanding to the executive on the Closing Date shall be fully vested and exercisable from and after the Closing Date through the end of the exercise period determined under the applicable option plan or agreement and (b) each restricted stock award that is outstanding on the Closing date shall be fully vested without any requirement for the performance of future services.
Appears in 10 contracts
Samples: Executive Retention Incentive Agreement (Valley National Bancorp), Executive Retention Incentive Agreement (Valley National Bancorp), Executive Retention Incentive Agreement (Valley National Bancorp)
