Common use of Shares and Stock Options Clause in Contracts

Shares and Stock Options. As of the Effective Date, the Executive shall be entitled to retain all shares of the Company’s common stock (the “Common Stock”) and stock options held by the Executive as of the Effective Date (the “Executive’s Current Equity”); provided, however, to the extent that the Executive remains employed by the Company as of the closing date of a Change in Control or IPO Date, the Executive’s Current Equity shall fully vest effective as of the closing date of a Change in Control or IPO Date, as the case may be.

Shares and Stock Options. As of the Effective Date, the Executive shall be entitled to retain all shares of the Company’s common stock (the “Common Stock”) and stock options held by the Executive as of the Effective Date (the “Executive’s Current Equity”); provided, however, to the extent that the Executive remains employed by the Company as of the closing date of a Change in Control or IPO DateControl, the Executive’s Current Equity shall fully vest effective as of the closing date of a Change in Control or IPO Date, as the case may beControl.