Common use of Termination of Performance-Based Vesting Clause in Contracts

Termination of Performance-Based Vesting. Notwithstanding the foregoing provisions of this paragraph 2, the Option shall not vest and become exercisable as to any additional shares of Common Stock pursuant to performance-based accelerated vesting and exercisability under this paragraph 2 on or after the date of the occurrence of a Change in Control.

Appears in 5 contracts

Samples: Executive Employment Agreement (Leap Wireless International Inc), Stock Option Agreement (Leap Wireless International Inc), Stock Option Agreement (Leap Wireless International Inc)

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Termination of Performance-Based Vesting. Notwithstanding the foregoing provisions of this paragraph 2, the Option shall not vest and become exercisable as to any additional shares of Common Stock pursuant to performance-based accelerated vesting and exercisability under this paragraph 2 on or after the date of the occurrence of a Change in Control. [*] CERTAIN MATERIAL (INDICATED BY AN ASTERISK) HAS BEEN OMITTED FROM THIS DOCUMENT PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT. THE OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Appears in 1 contract

Samples: Stock Option Agreement (Leap Wireless International Inc)

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