Stock Awards and Options. If the Executive’s employment should terminate under the circumstances described in Section 3(a) hereof, the Executive’s rights, if any, with respect to any outstanding Stock Awards and/or Options shall be governed by the plans and any related agreements pursuant to which such Stock Awards and/or Options were granted. If the Executive’s employment should terminate under such circumstances as entitle the Executive to receive payments pursuant to Section 3(b) hereof, then, with respect to each outstanding Option or Stock Award which did not immediately vest and/or become exercisable upon the occurrence of a Change-in-control, such Stock Award or Option shall remain outstanding in accordance with its terms provided that in any event it shall automatically vest upon termination of employment and/or become and remain exercisable at any time after termination of employment until the stated expiration date contained in the grant for such Stock Award or Option.
Appears in 5 contracts
Samples: Agreement (Black Box Corp), Agreement (Black Box Corp), Agreement (Black Box Corp)
