Stock Options and Stock Grants. Any stock options or shares of restricted stock granted to the Executive by the Companies or successors to the Companies ("Incentive Options" and "Incentive Stock") shall be governed by the particular stock incentive plan or individual stock option agreement or restricted stock agreement under which such Incentive Options or Incentive Stock was granted. Notwithstanding the foregoing, if a Change in Control Date occurs during the Employment Period but after the Effective Date, then, effective upon the Change in Control Date, each outstanding Incentive Option or each share of Incentive Stock held by the Executive shall become (to the extent it is not already) immediately exercisable or vested in full. Solely for purposes of this subsection 3.2(c) "Cause" shall mean willful engagement in illegal conduct or gross misconduct which is materially and demonstrably injurious to the Companies.
Stock Options and Stock Grants a. With respect to that certain Stock Option Agreement, dated March 3, 2003, by and between the Company and Executive, that certain Stock Option Agreement, dated January 2, 2001, by and between the Company and Executive, that certain Stock Option Agreement, dated January 14, 2000, by and between the Company and Executive, that certain Stock Option Agreement, dated April 27, 1999, by and between the Company and Executive and that certain Stock Option Agreement, dated June 5, 1998, by and between the Company and Executive (collectively, the "Stock Option Agreements"), Executive's continuous service for purposes of Section 2 of each of the Stock Option Agreements shall be deemed to continue through the Salary Continuation Period and Consulting Retainer Period, the Option Period (as defined in each of the Stock Option Agreements) shall be deemed to expire upon the expiration or termination of the Salary Continuation Period and the Consulting Retainer Period, and the termination of Executive's Option (as defined in each of the Stock Option Agreements) for purposes of Section 7(b) of the Stock Option Agreements shall be deemed to occur upon the expiration of the Salary Continuation Period and the Consulting Retainer Period.
Stock Options and Stock Grants. (i) Upon the Separation Date, the following unvested Time and Performance-Based Options previously granted to you shall vest immediately: (1) options to purchase 797,604 shares of the Company’s common stock;
Stock Options and Stock Grants. All stock options and stock grants from Company to Executive shall immediately vest, to the extent not previously vested, and the rights of Executive regarding such stock options and stock grants shall be as set forth in the respective plans and agreements governing them.
Stock Options and Stock Grants. In consideration for Executive's continued employment under the 2002 Agreement the Company will provide, by separate agreement, a long-term equity incentive grant via the terms of the Company's 2000 Stock Option and Stock Award Plan.
Stock Options and Stock Grants. Upon a Change of Control, all stock ------------------------------ options granted to the Executive under the Employers' Long-Term Incentive and Capital Accumulation Plan, or any successor thereto, shall become immediately exercisable with respect to all or any portion of the shares covered thereby, regardless whether such options are otherwise exercisable, and all service period restrictions on stock grants awarded to the Executive under the same program or any successor thereto shall lapse so as to permit the transfer of all stock subject to such grants.
Stock Options and Stock Grants. All stock option grants and stock grants made by the Company are subject to the specific terms in place at the time of those grants, which remain in effect and are not modified by this Agreement. Except as provided in Section 2(c) of this Agreement, all options and stock grants are subject to the specific vesting provisions in place at the time of issuance. EXHIBIT B August 6, 2015 Xxxxx Xxxxxxxx Lead Independent Director Winnebago Industries, Inc. 0000 Xxxxx Xxxxx Xxxxx Xxxxx Xxxxxx, XX 00000-0000 Re: Retirement Dear Xxxxx and the Rest of the Board of Directors: Due to the circumstances we are all aware of, I hereby retire as the Chairman of the Board (and from the Board of Directors), CEO and President of Winnebago Industries, Inc., and as a trustee of the Winnebago Industries Foundation effective immediately. Sincerely,
Stock Options and Stock Grants. (i) Upon the Release Effective Date, the following Time-Based Options and Stock Grants granted under the Omnibus Incentive Plan pursuant to the Rxxxx Employment Agreement shall vest immediately: (1) options to purchase 104,353 shares of the Company’s common stock; and (2) 260,833 shares of the Company’s common stock;
Stock Options and Stock Grants. All stock option grants and stock grants made by the Company are subject to the specific terms in place at the time of those grants. All options and stock grants are subject to the specific vesting provisions in place at the time of issuance.
Stock Options and Stock Grants. EMPLOYEE'S rights to stock options and/or stock grants, are those set forth in the Management Stock Option and Restricted Stock Agreement, executed simultaneously herewith.
