Common use of Stock Options and Other Equity Awards Clause in Contracts

Stock Options and Other Equity Awards. Stock options and any other types of equity awards (e.g., restricted shares, performance shares, performance units, etc.) held by Executive become exercisable upon a Change of Control according to the terms of the applicable stock option or equity plan and related agreement (if any) under which such stock options or other equity awards were granted.

Appears in 14 contracts

Samples: Executive Change of Control Agreement (State Auto Financial CORP), Control Agreement, Executive Change of Control Agreement (State Auto Financial CORP)

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