Common use of Termination of Employment in the Event of a Change in Control Clause in Contracts

Termination of Employment in the Event of a Change in Control. In the event of a Change in Control, if Holder has a Termination of Employment by reason of discharge by the Company other than for Cause (as defined below), or by reason of resignation by Xxxxxx for Good Reason (as defined below), during the period commencing ninety (90) days prior to such Change in Control and ending twelve (12) months after such Change in Control, then the remaining unvested shares of Common Stock subject to the Option shall vest and become exercisable on the date of Holder’s Termination of Employment (or, if later, immediately prior to the date of the occurrence of such Change in Control).

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Leap Wireless International Inc), Non Qualified Stock Option Agreement (Leap Wireless International Inc)

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Termination of Employment in the Event of a Change in Control. In the event of a Change in Control, if Holder has a Termination of Employment by reason of discharge by the Company other than for Cause (as defined below), or by reason of resignation by Xxxxxx Holder for Good Reason (as defined below), during the period commencing ninety (90) days prior to such Change in Control and ending twelve (12) months after such Change in Control, then the remaining unvested shares of Common Stock subject to Unreleased Shares shall be released from the Option shall vest and become exercisable Forfeiture Restriction on the date of Holder’s Termination of Employment (or, if later, immediately prior to the date of the occurrence of such Change in Control).

Appears in 2 contracts

Samples: Restricted Stock Agreement (Leap Wireless International Inc), Restricted Stock Award Agreement (Leap Wireless International Inc)

Termination of Employment in the Event of a Change in Control. In the event of a Change in Control, if Holder has a Termination of Employment by reason of discharge by the Company other than for Cause (as defined below), or by reason of resignation by Xxxxxx Holder for Good Reason (as defined below), during the period commencing ninety (90) days prior to such Change in Control and ending twelve (12) months after such Change in Control, then the remaining unvested shares of Common Stock subject to Unreleased Shares shall be released from the Option shall vest and become exercisable Forfeiture Restriction on the date of Holder’s 's Termination of Employment (or, if later, immediately prior to the date of the occurrence of such Change in Control).

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Leap Wireless International Inc)

Termination of Employment in the Event of a Change in Control. In the event of a Change in ControlControl that occurs following Holder’s completion of at least 18 months of continuous employment with the Company or any Subsidiary, if Holder has a Termination of Employment by reason of discharge by the Company other than for Cause (as defined below), or by reason of resignation by Xxxxxx for Good Reason (as defined below), during the period commencing ninety (90) days prior to such Change in Control and ending twelve (12) months after such Change in Control, then the remaining unvested shares of Common Stock subject to Unreleased Shares shall be released from the Company’s Repurchase Option shall vest and become exercisable on the date of Holder’s Termination of Employment (or, if later, immediately prior to the date of the occurrence of such Change in Control).

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Leap Wireless International Inc)

Termination of Employment in the Event of a Change in Control. In the event of a Change in Control, if Holder has a Termination of Employment by reason of discharge by the Company other than for Cause (as defined below), or by reason of resignation by Xxxxxx for Good Reason (as defined below), during the period commencing ninety (90) days prior to such Change in Control and ending twelve (12) months after such Change in Control, then the remaining unvested shares of Common Stock subject to the Option shall vest and become exercisable on the date of Holder’s 's Termination of Employment (or, if later, immediately prior to the date of the occurrence of such Change in Control).

Appears in 1 contract

Samples: Stock Option Agreement (Leap Wireless International Inc)

Termination of Employment in the Event of a Change in Control. In the event of a Change in Control, if Holder has a Termination of Employment by reason of discharge by the Company other than for Cause (as defined below), or by reason of resignation by Xxxxxx for Good Reason (as defined below), during the period commencing ninety (90) days prior to such Change in Control and ending twelve (12) months after such Change in Control, then the all remaining unvested shares of Common Stock subject to the Option Units shall vest and become exercisable on the date of Holder’s upon such Termination of Employment (or, if later, immediately prior to the date of the occurrence of such Change in Control).

Appears in 1 contract

Samples: And Deferred Stock Unit Award Agreement (Leap Wireless International Inc)

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Termination of Employment in the Event of a Change in Control. In the event of a Change in Control, if Holder has a Termination of Employment by reason of discharge by the Company other than for Cause (as defined below), or by reason of resignation by Xxxxxx Hxxxxx for Good Reason (as defined below), during the period commencing ninety (90) days prior to such Change in Control and ending twelve (12) months after such Change in Control, then the remaining unvested shares of Common Stock subject to Unreleased Shares shall be released from the Company’s Repurchase Option shall vest and become exercisable on the date of Holder’s Termination of Employment (or, if later, immediately prior to the date of the occurrence of such Change in Control).

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Leap Wireless International Inc)

Termination of Employment in the Event of a Change in Control. In the event of a Change in Control, if Holder has a Termination of Employment by reason of discharge by the Company other than for Cause (as defined below), or by reason of resignation by Xxxxxx for Good Reason (as defined below), during the period commencing ninety (90) days prior to such Change in Control and ending twelve (12) months after such Change in Control, then the remaining unvested shares of Common Stock subject to Unreleased Shares shall be released from the Company’s Repurchase Option shall vest and become exercisable on the date of Holder’s Termination of Employment (or, if later, immediately prior to the date of the occurrence of such Change in Control).

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Leap Wireless International Inc)

Termination of Employment in the Event of a Change in Control. In the event of a Change in Control, if Holder has a Termination of Employment by reason of discharge by the Company other than for Cause (as defined below), or by reason of resignation by Xxxxxx Holder for Good Reason (as defined below), during the period commencing ninety (90) days prior to such Change in Control and ending twelve (12) months after such Change in Control, then the all remaining unvested shares of Common Stock subject to the Option Units shall vest and become exercisable on the date of Holder’s upon such Termination of Employment (or, if later, immediately prior to the date of the occurrence of such Change in Control).

Appears in 1 contract

Samples: Stock Unit Award Agreement (Leap Wireless International Inc)

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