Common use of Stock Incentive Awards Clause in Contracts

Stock Incentive Awards. (a) On the Effective Date of a Change of Control, (i) all of Executive’s unvested Stock Options then outstanding (whether granted before or after the Agreement Date) shall immediately become fully vested and exercisable, and (ii) all of Executive’s Restricted Shares then outstanding shall immediately become fully vested and nonforfeitable.

Appears in 2 contracts

Samples: Control Employment Agreement (Allstate Corp), Control Employment Agreement (Allstate Corp)

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Stock Incentive Awards. (a) On Except as otherwise provided in Section 2.3(b), on the Effective Date of a Change of ControlControl that is not a Merger of Equals or, if applicable, on a Merger of Equals Cessation Date, (i) all of Executive’s 's unvested Stock Options then outstanding (whether granted before or after the Agreement Date) shall immediately become fully vested and exercisable, and (ii) all of Executive’s 's Restricted Shares then outstanding shall immediately become fully vested and nonforfeitable.

Appears in 1 contract

Samples: Control Employment Agreement (Allstate Corp)

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Stock Incentive Awards. (a) On the Effective Date of a Change of Control, (i) all of Executive’s unvested Stock Options then outstanding (whether granted before or after the Agreement Date) shall immediately become fully vested and exercisable, and (ii) all of Executive’s Restricted Shares then outstanding shall immediately become fully vested and nonforfeitable.

Appears in 1 contract

Samples: Change of Control Employment Agreement (Allstate Corp)

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