Common use of Stock Award Acceleration Clause in Contracts

Stock Award Acceleration. Immediately prior to the effective date of the Change of Control, 100% of all outstanding stock options granted and restricted stock issued by the Company to Executive prior to the date of this Agreement, including the options described in the letter from W. Mxxxxxx Xxxx dated August 1, 2007 (the “Letter”), (collectively the “Outstanding Options”), shall vest. In addition, all Outstanding Options, including the accelerated options described above, shall be exercisable by Executive for a period of one year following the end of such transition period (if any) or one (1) year following termination if the Company requests no transition period.

Appears in 1 contract

Samples: Executive Retention and Severance Agreement (Move Inc)

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Stock Award Acceleration. Immediately prior to the effective date of the Change of Control, 100% of all outstanding stock options granted and restricted stock issued by the Company to Executive prior to the date of this Agreement, including the options described in the letter Letter from W. Mxxxxxx Xxxxxxx Xxxx dated August 1September 18, 2007 (the “Letter”)2002, (collectively the "Outstanding Options"), shall vest. In addition, all vested Outstanding Options, including the accelerated options described above, shall be exercisable by Executive for a period of one year following the end of such transition period (if any) or one (1) year following termination if the Company requests no transition period.

Appears in 1 contract

Samples: Executive Retention and Severance Agreement (Homestore Inc)

Stock Award Acceleration. Immediately prior to the effective date of the Change of Control, 100% of all outstanding stock options granted and restricted stock issued by the Company to Executive prior to the date of this Agreement, including the options described in the letter from W. Mxxxxxx Xxxx Seven Xxxxxxxxx dated August 1June __, 2007 2009 (the “Letter”), (collectively the "Outstanding Options”Equity"), shall vest. In addition, all Outstanding Options, including the accelerated Equity consisting of stock options described above, shall be exercisable by Executive for a period of one year following the end of such transition period (if any) or one (1) year following termination if the Company requests no transition period.

Appears in 1 contract

Samples: Executive Retention and Severance Agreement (Move Inc)

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Stock Award Acceleration. Immediately prior to the effective date of the Change of Control, 100% of all outstanding stock options granted and restricted stock issued by the Company to Executive prior to the date of this Agreement, including the options described in the letter Letter from W. Mxxxxxx Xxxx Michael Long dated August 1September 30, 2007 (the “Letter”)2002, (collectively the “Outstanding Options”"Outstandinx Xxxxxxx"), shall vest. In addition, all vested Outstanding Options, including the accelerated options described above, shall be exercisable by Executive for a period of one year following the end of such transition period (if any) or one (1) year following termination if the Company requests no transition period.

Appears in 1 contract

Samples: Executive Retention and Severance Agreement (Homestore Inc)

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