Common use of Stock Plan Clause in Contracts

Stock Plan. Upon Executive’s Date of Termination, Executive’s entitlement to any unvested options, restricted stock or other equity award granted to Executive under a stock plan sponsored by Sears shall be determined in accordance with the terms and conditions of the applicable award agreement and the stock plan document regarding termination of employment.

Appears in 15 contracts

Samples: Executive Severance Agreement, Executive Severance Agreement, Executive Severance Agreement (Sears Holdings Corp)

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Stock Plan. Upon Executive’s Date of Termination, except as provided in subsection 5(a) below, Executive’s entitlement to any unvested options, restricted stock or other equity award granted to Executive under a stock plan sponsored by Sears shall be determined in accordance with the terms and conditions of the applicable award agreement and the stock plan document regarding termination of employment.

Appears in 2 contracts

Samples: Executive Severance Agreement, Executive Severance Agreement (Sears Holdings Corp)

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