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.
b. Promptly following the Separation Date, the Company shall grant Executive 100,000 shares of common stock. Such 100,000 shares, together with the shares granted under Section (d)(i) and (d)(ii) (collectively, the "Registrable Securities"), will be unregistered initially and shall have piggy-back registration rights in accordance with Attachment B.
Stock Options and Stock Grants. SERP. EMPLOYEE shall be allowed to participate in EMPLOYER's Supplemental Executive Retirement Program, as the same is amended from time to time.
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.
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.
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;
(ii) Upon the Separation Date, 232,026 shares of the Company’s common stock previously granted pursuant to three-year restricted stock grants under the Company’s Management Equity Compensation Plan and Omnibus Incentive Plan shall vest immediately;
(iii) Within twenty-one (21) calendar days after the Separation Date, the Company shall file an S-8 Registration Statement to register all shares and options granted under the Company’s Omnibus Incentive Plan.
(iv) Within one (1) business day after the Separation Date, the Company will grant you 1,500,000 shares of common stock. Such shares will be registered under the aforementioned S-8 Registration Statement.
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. 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. 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. SERP - EMPLOYEE shall continue to participate in the Company's SERP Plan, as such Plan may be amended from time to time by the EMLOYER.
