Common use of Stock Option Vesting Clause in Contracts

Stock Option Vesting. The provisions of this Section 2.2(d) shall apply to any equity based awards under the Omnibus Plan, the defined terms of which are incorporated in this Section 2.2(d) by reference. (i) Any of Xx. Xxxxxxx’x Options and Stock Appreciation Rights outstanding as of the Separation Date which are not then exercisable and vested, shall become fully exercisable and vested; provided, that in the case of a Stock Appreciation Right, if Xx. Xxxxxxx is subject to Section 16(b) of the Exchange Act, such Stock Appreciation Right shall not become fully vested and exercisable at such time if such actions would result in liability to Xx. Xxxxxxx under Section 16(b) of the Exchange Act, provided further that any such actions not taken as a result of the rules under Section 16(b) of the Exchange Act shall be effected as of the first date that such activity would no longer result in liability under Section 16(b) of the Exchange Act. (ii) The restrictions and deferral limitations applicable to any of Xx. Xxxxxxx’x Restricted Stock and Restricted Stock Units as of the Separation Date shall lapse, and such Restricted Stock and Restricted Stock Units shall become free of all restrictions and limitations and become fully vested and transferable.

Stock Option Vesting. The provisions of this Section 2.2(d) shall apply to any equity based awards under the Omnibus Plan, the defined terms of which are incorporated in this Section 2.2(d) by reference. (i) Any of Xx. Xxxxxxx’x Xxxxxx’ Options and Stock Appreciation Rights outstanding as of the Separation Date which are not then exercisable and vested, shall become fully exercisable and vested; provided, that in the case of a Stock Appreciation Right, if Xx. Xxxxxxx Xxxxxx is subject to Section 16(b) of the Exchange Act, such Stock Appreciation Right shall not become fully vested and exercisable at such time if such actions would result in liability to Xx. Xxxxxxx Xxxxxx under Section 16(b) of the Exchange Act, provided further that any such actions not taken as a result of the rules under Section 16(b) of the Exchange Act shall be effected as of the first date that such activity would no longer result in liability under Section 16(b) of the Exchange Act. (ii) The restrictions and deferral limitations applicable to any of Xx. Xxxxxxx’x Xxxxxx’ Restricted Stock and Restricted Stock Units as of the Separation Date shall lapse, and such Restricted Stock and Restricted Stock Units shall become free of all restrictions and limitations and become fully vested and transferable.

Stock Option Vesting. The provisions of this Section 2.2(d) shall apply to any equity based awards under the Omnibus Plan, the defined terms of which are incorporated in this Section 2.2(d) by reference. (i) Any of Xx. Xxxxxxx’x Mr. Bowers' Options and Stock Appreciation Rights outstanding as of outstaxxxxx xx xf the Separation Date which are not then exercisable and vested, shall become fully exercisable and vested; provided, that in the case of a Stock Appreciation Right, if Xx. Xxxxxxx Mr. Bowers is subject to Section 16(b) of the Exchange ActAxx, such Stock xxxx Xtock Appreciation Right shall not become fully vested and exercisable at such time if such actions would result in liability to Xx. Xxxxxxx Mr. Bowers under Section 16(b) of the Exchange Act, provided further provxxxx xxxxxer that any such actions not taken as a result of the rules under Section 16(b) of the Exchange Act shall be effected as of the first date that such activity would no longer result in liability under Section 16(b) of the Exchange Act. (ii) The restrictions and deferral limitations applicable to any of Xx. Xxxxxxx’x Mr. Bowers' Restricted Stock and Restricted Stock Units as of the Separation Date shall lapse, and such Restricted Stock and Restricted Stock Units shall become free of all restrictions and limitations and become fully vested and transferable.

Stock Option Vesting. The provisions of this Section 2.2(d) shall apply to any equity based awards under the Omnibus Plan, the defined terms of which are incorporated in this Section 2.2(d) by reference. (i) Any of Xx. Xxxxxxx’x XxXxxxx’x Options and Stock Appreciation Rights outstanding as of the Separation Date which are not then exercisable and vested, shall become fully exercisable and vested; provided, that in the case of a Stock Appreciation Right, if Xx. Xxxxxxx XxXxxxx is subject to Section 16(b) of the Exchange Act, such Stock Appreciation Right shall not become fully vested and exercisable at such time if such actions would result in liability to Xx. Xxxxxxx XxXxxxx under Section 16(b) of the Exchange Act, provided further that any such actions not taken as a result of the rules under Section 16(b) of the Exchange Act shall be effected as of the first date that such activity would no longer result in liability under Section 16(b) of the Exchange Act. (ii) The restrictions and deferral limitations applicable to any of Xx. Xxxxxxx’x XxXxxxx’x Restricted Stock and Restricted Stock Units as of the Separation Date shall lapse, and such Restricted Stock and Restricted Stock Units shall become free of all restrictions and limitations and become fully vested and transferable.

Stock Option Vesting. The provisions of this Section 2.2(d2.1(d) shall apply to any equity based awards under the Omnibus Plan, the defined terms of which are incorporated in this Section 2.2(d) by reference. (i) Any of Xx. Xxxxxxx’x Options and Stock Appreciation Rights outstanding as of the Separation Date which are not then exercisable and vested, shall become fully exercisable and vested; provided, that in the case of a Stock Appreciation Right, if Xx. Xxxxxxx is subject to Section 16(b) of the Exchange Act, such Stock Appreciation Right shall not become fully vested and exercisable at such time if such actions would result in liability to Xx. Xxxxxxx under Section 16(b) of the Exchange Act, provided further that any such actions not taken as a result of the rules under Section 16(b) of the Exchange Act shall be effected as of the first date that such activity would no longer result in liability under Section 16(b) of the Exchange Act. (ii) The restrictions and deferral limitations applicable to any of Xx. Xxxxxxx’x Restricted Stock and Restricted Stock Units as of the Separation Date shall lapse, and such Restricted Stock and Restricted Stock Units shall become free of all restrictions and limitations and become fully vested and transferable.

Stock Option Vesting. The provisions of this Section 2.2(d) shall apply to any equity based awards under the Omnibus Plan, the defined terms of which are incorporated in this Section 2.2(d) by reference. (i) Any of Xx. Xxxxxxx’x Mr. Garrett's Options and Stock Appreciation Rights outstanding as of outsxxxxxxx xx xx the Separation Date which are not then exercisable and vested, shall become fully exercisable and vested; provided, that in the case of a Stock Appreciation Right, if Xx. Xxxxxxx Mr. Garrett is subject to Section 16(b) of the Exchange ActXxx, such Stock xxxx Xtock Appreciation Right shall not become fully vested and exercisable at such time if such actions would result in liability to Xx. Xxxxxxx Mr. Garrett under Section 16(b) of the Exchange Act, provided further proxxxxx xxxxxer that any such actions not taken as a result of the rules under Section 16(b) of the Exchange Act shall be effected as of the first date that such activity would no longer result in liability under Section 16(b) of the Exchange Act. (ii) The restrictions and deferral limitations applicable to any of Xx. Xxxxxxx’x Mr. Garrett's Restricted Stock and Restricted Stock Units as of the Separation thx Xeparation Date shall lapse, and such Restricted Stock and Restricted Stock Units shall become free of all restrictions and limitations and become fully vested and transferable.

Stock Option Vesting. The provisions of this Section 2.2(d) shall apply to any equity based awards under the Omnibus Plan, the defined terms of which are incorporated in this Section 2.2(d) by reference. (i) Any of Xx. Xxxxxxx’x Xxxxxxxxx’x Options and Stock Appreciation Rights outstanding as of the Separation Date which are not then exercisable and vested, shall become fully exercisable and vested; provided, that in the case of a Stock Appreciation Right, if Xx. Xxxxxxx Xxxxxxxxx is subject to Section 16(b) of the Exchange Act, such Stock Appreciation Right shall not become fully vested and exercisable at such time if such actions would result in liability to Xx. Xxxxxxx Xxxxxxxxx under Section 16(b) of the Exchange Act, provided further that any such actions not taken as a result of the rules under Section 16(b) of the Exchange Act shall be effected as of the first date that such activity would no longer result in liability under Section 16(b) of the Exchange Act. (ii) The restrictions and deferral limitations applicable to any of Xx. Xxxxxxx’x Xxxxxxxxx’x Restricted Stock and Restricted Stock Units as of the Separation Date shall lapse, and such Restricted Stock and Restricted Stock Units shall become free of all restrictions and limitations and become fully vested and transferable.

Stock Option Vesting. The provisions of this Section 2.2(d) shall apply to any equity based awards under the Omnibus Plan, the defined terms of which are incorporated in this Section 2.2(d) by reference. (i) Any of Xx. Xxxxxxx’x Mr. Ratcliffe's Options and Stock Appreciation Rights outstanding as of the outsxxxxxxx xx xx xxe Separation Date which are not then exercisable and vested, shall become fully exercisable and vested; provided, that in the case of a Stock Appreciation Right, if Xx. Xxxxxxx Mr. Ratcliffe is subject to Section 16(b) of the Exchange Act, such Stock Appreciation sucx Xxxxx Xxxxxciation Right shall not become fully vested and exercisable at such time if such actions would result in liability to Xx. Xxxxxxx Mr. Ratcliffe under Section 16(b) of the Exchange Act, provided further that providex xxxxxxx xxxt any such actions not taken as a result of the rules under Section 16(b) of the Exchange Act shall be effected as of the first date that such activity would no longer result in liability under Section 16(b) of the Exchange Act. (ii) The restrictions and deferral limitations applicable to any of Xx. Xxxxxxx’x Mr. Ratcliffe's Restricted Stock and Restricted Stock Units as of the Separation xx xxx Xxxxxxxion Date shall lapse, and such Restricted Stock and Restricted Stock Units shall become free of all restrictions and limitations and become fully vested and transferable.

Stock Option Vesting. The provisions of this Section 2.2(d) shall apply to any equity based awards under the Omnibus Plan, the defined terms of which are incorporated in this Section 2.2(d) by reference. (i) Any of Xx. Xxxxxxx’x Mr. Garrett's Options and Stock Appreciation Rights outstanding as of the outstaxxxxx xx xx xhe Separation Date which are not then exercisable and vested, shall become fully exercisable and vested; provided, that in the case of a Stock Appreciation Right, if Xx. Xxxxxxx Mr. Garrett is subject to Section 16(b) of the Exchange ActXxx, such Stock xxxx Xxxxx Appreciation Right shall not become fully vested and exercisable at such time if such actions would result in liability to Xx. Xxxxxxx Mr. Garrett under Section 16(b) of the Exchange Act, provided further that fxxxxxx xxxx any such actions not taken as a result of the rules under Section 16(b) of the Exchange Act shall be effected as of the first date that such activity would no longer result in liability under Section 16(b) of the Exchange Act. (ii) The restrictions and deferral limitations applicable to any of Xx. Xxxxxxx’x Mr. Garrett's Restricted Stock and Restricted Stock Units as of the Separation xxx Xxxxration Date shall lapse, and such Restricted Stock and Restricted Stock Units shall become free of all restrictions and limitations and become fully vested and transferable.

Stock Option Vesting. The provisions of this Section 2.2(d) shall apply to any equity based awards under the Omnibus Plan, the defined terms of which are incorporated in this Section 2.2(d) by reference. (i) Any of Xx. Xxxxxxx’x Mr. McCrary's Options and Stock Appreciation Rights outstanding as of outsxxxxxxx xx xx the Separation Date which are not then exercisable and vested, shall become fully exercisable and vested; provided, that in the case of a Stock Appreciation Right, if Xx. Xxxxxxx Mr. McCrary is subject to Section 16(b) of the Exchange ActXxx, such Stock xxxx Xtock Appreciation Right shall not become fully vested and exercisable at such time if such actions would result in liability to Xx. Xxxxxxx Mr. McCrary under Section 16(b) of the Exchange Act, provided further proxxxxx xxxxxer that any such actions not taken as a result of the rules under Section 16(b) of the Exchange Act shall be effected as of the first date that such activity would no longer result in liability under Section 16(b) of the Exchange Act. (ii) The restrictions and deferral limitations applicable to any of Xx. Xxxxxxx’x Mr. McCrary's Restricted Stock and Restricted Stock Units as of the thx Separation Date shall lapse, and such Restricted Stock and Restricted Stock Units shall become free of all restrictions and limitations and become fully vested and transferable.

Stock Option Vesting. The provisions of this Section 2.2(d) shall apply to any equity based awards under the Omnibus Plan, the defined terms of which are incorporated in this Section 2.2(d) by reference. (i) Any of Xx. Xxxxxxx’x Mr. Ratcliffe's Options and Stock Appreciation Rights outstanding as of ouxxxxxxxxx xx xx the Separation Date which are not then exercisable and vested, shall become fully exercisable and vested; provided, that in the case of a Stock Appreciation Right, if Xx. Xxxxxxx Mr. Ratcliffe is subject to Section 16(b) of the Exchange ActExchangx Xxx, such Stock xxxx Xtock Appreciation Right shall not become fully vested and exercisable at such time if such actions would result in liability to Xx. Xxxxxxx Mr. Ratcliffe under Section 16(b) of the Exchange Act, provided further pxxxxxxx xxxxxer that any such actions not taken as a result of the rules under Section 16(b) of the Exchange Act shall be effected as of the first date that such activity would no longer result in liability under Section 16(b) of the Exchange Act. (ii) The restrictions and deferral limitations applicable to any of Xx. Xxxxxxx’x Mr. Ratcliffe's Restricted Stock and Restricted Stock Units as of the Separation Date shall lapse, and such Restricted Stock and Restricted Stock Units shall become free of all restrictions and limitations and become fully vested and transferable.

Stock Option Vesting. The provisions of this Section 2.2(d) shall apply to any equity based awards under the Omnibus Plan, the defined terms of which are incorporated in this Section 2.2(d) by reference. (i) Any of Xx. Xxxxxxx’x Mr. McCrary's Options and Stock Appreciation Rights outstanding as of xx xx the Separation Date which are not then exercisable and vested, shall become fully exercisable and vested; provided, that in the case of a Stock Appreciation Right, if Xx. Xxxxxxx Mr. McCrary is subject to Section 16(b) of the Exchange ActXxx, such Stock xxxx Xtock Appreciation Right shall not become fully vested and exercisable at such time if such actions would result in liability to Xx. Xxxxxxx Mr. McCrary under Section 16(b) of the Exchange Act, provided further that any such actions not taken as a result of the rules under Section 16(b) of the Exchange Act shall be effected as of the first date that such activity would no longer result in liability under Section 16(b) of the Exchange Act. (ii) The restrictions and deferral limitations applicable to any of Xx. Xxxxxxx’x Mr. McCrary's Restricted Stock and Restricted Stock Units as of the Separation Unitx xx xx xxx Xeparation Date shall lapse, and such Restricted Stock and Restricted Stock Units shall become free of all restrictions and limitations and become fully vested and transferable.