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Common use of Stock Plan Clause in Contracts

Stock Plan. Upon occurrence of the Leave, any unvested restricted stock awarded to Executive under a stock plan sponsored by Sears, shall be forfeited as of the first day of the Leave.

Appears in 6 contracts

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

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Stock Plan. Upon occurrence of the Leave, any unvested options or restricted stock awarded to Executive under a stock plan sponsored by Sears, Sears shall be forfeited as of the first day of the Leave.

Appears in 4 contracts

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

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