Treatment of Equity-Based Compensation. Except as otherwise provided in this Section 2(c), the Executive’s rights as of the Separation Date with respect to all equity-based compensation awards previously granted or awarded to the Executive under any equity-based compensation plan of the Company, including, without limitation, the 1998 Long-Term Incentive Plan (the “1998 LTIP”), the 2006 Chemtura Corporation Long-Term Incentive Plan (the “2006 LTIP”, and, together with the 1998 LTIP and the individual grant documents, the “Equity Plans”), including the Executive’s rights with respect to vesting, exercise and expiration of such awards, shall be determined in accordance with and subject to the terms of the applicable Equity Plan.
Treatment of Equity-Based Compensation. All equity-based compensation awards previously granted or awarded to the Executive in the form of stock options or otherwise under any equity-based compensation plan of the Company, including, without limitation, the Company's long-term management incentive plans, (together with the individual grant documents, the "Equity Plans"), to the extent not yet vested, shall vest on the Resignation Date and each stock option shall continue to be exercisable in accordance with its terms until December 31, 2003, subject to the Executive's compliance in all material respects with the provisions of Section 4 below, it being understood and agreed that this Section 2.2 supersedes any conditions to the contrary as to vesting or exercisability contained in the Equity Plans.
Treatment of Equity-Based Compensation. In accordance with the terms and conditions of the equity-based compensation plans of the Company and the grant and other agreements and documents used in connection therewith in which the Executive participates or has participated, including, without limitation, the 2003 Stock Incentive Plan and the 1998 Stock Incentive Plan (together with the individual grant and other agreements and documents, the “Equity Plans”), the Company hereby confirms and agrees that the Executive, as of the Retirement Date, satisfied all age, years of service and other requirements to qualify for “Retirement” or “Early Retirement” as defined in the applicable Equity Plan, and the Executive shall be entitled to all the rights and benefits arising from such qualification, including immediate vesting. Attached as Exhibit 2.2 is an agreed upon list of all of the Executive’s outstanding (a) options to acquire shares of common stock of the Company (with the number of shares subject to such option, the exercise price per share thereunder, the grant date thereof and the expiration date thereof, assuming the Executive’s retirement hereunder) and (b) restricted shares of common stock of the Company (with the number of such shares).
Treatment of Equity-Based Compensation. (a) At the Migratory Merger Effective Time, each option granted by Banknorth to purchase shares of Banknorth Common Stock (each, a “Banknorth Option”) which is outstanding and unexercised immediately prior thereto, whether vested or unvested, shall cease to represent a right to acquire shares of Banknorth Common Stock and shall be converted into an option to acquire, on the same terms and conditions as were applicable under the Banknorth Option, the number of shares of Banknorth Delaware Common Stock equal to the number of shares of Banknorth Common Stock subject to such Banknorth Option, at the per share exercise price specified in such Banknorth Option; provided, however, that in the case of any Banknorth Option to which Section 421 of the Code applies by reason of its qualification under Section 422 of the Code, the option price, the number of shares subject to such option and the terms and conditions of exercise of such option shall be determined in a manner consistent with the requirements of Section 424(a) of the Code.
Treatment of Equity-Based Compensation. In accordance with the terms and conditions of the equity-based compensation plans of the Company and the grant and other agreements and documents used in connection therewith in which the Executive participates or has participated, including, without limitation, the Long-Term Incentive Compensation Plan, the Long-Term Incentive Compensation Plan for Managers and Producers and the Managing Partners Incentive Program (together with the individual grant and other agreements and documents, the “Equity Plans”), the Company hereby confirms and agrees that the Executive, as of the Retirement Date, satisfied all age, years of service and other requirements to qualify for “Retirement” as defined in the Equity Plans, and the Executive shall be entitled to all the rights and benefits arising from such qualification. As soon as practicable after the date hereof, the Company shall deliver to the Executive a list of all Equity Plans and all equity awards to the Executive thereunder, and the respective vesting dates, restricted periods, and, in the case of stock options, expiration dates and exercise prices, in respect thereof.
Treatment of Equity-Based Compensation. The restricted stock unit previously awarded to the Executive under the 2000 Employee Equity Plan (together with the individual award agreements applicable to the Executive’s awards, the “Equity Plan”), as listed on Schedule A hereto, shall be fully vested and shall be settled in accordance with the terms and provisions of the Equity Plan. In addition, the stock options previously awarded to the Executive under the Equity Plan, as listed on Schedule A (the “Stock Options”), shall be fully vested and shall remain exercisable in accordance with the terms of the Equity Plan until the second anniversary thereof; provided that, in the event of any merger, sale or consolidation of the Company or other transaction affecting the Company’s Common Stock, the Compensation Committee of the Company’s Board of Directors, in its sole discretion and without your consent, may provide for:
Treatment of Equity-Based Compensation. Except as otherwise provided in this Section 2(c), the Executive's rights as of the Separation Date with respect to all equity-based compensation awards previously granted or awarded to the Executive under any equity-based compensation plan of the Company, including, without limitation, the 1998 Long-Term Incentive Plan (the "1998 LTIP" and, together with the individual grant documents, the "Equity Plans"), including the Executive's rights with respect to vesting, exercise and expiration of such awards, shall be determined in accordance with and subject to the terms of the applicable Equity Plan. (i)
Treatment of Equity-Based Compensation. The options to purchase shares of the Company's common stock (the "Options") that have been granted to the Executive shall vest in accordance with and be governed by the terms of the applicable non-qualified stock option agreements and equity-based compensation plans; provided, however, that the exercise period of the Option grant that was made to the Executive on June 23, 1997 (the "Extended Options") shall be extended to June 22, 2007; and provided further, however, that in no circumstances shall any of the Extended Options be exercisable during the period beginning on the Effective Date and ending on January 1, 2004. Any Options that are not vested on the Effective Date shall be immediately canceled and forfeited by the Executive. A schedule setting forth the number of vested Options held by the Executive as of the Effective Date (including those that vest upon termination of employment), their respective exercise prices and their expiration dates, after giving effect to the extension of the Extended Options described above, is set forth on Exhibit B. Notwithstanding any other agreement or provision of any plan to the contrary, in the event that the Executive does not comply in any material respect with any term of this Agreement, including, without limitation, Paragraph 7 hereof and the confidentiality, non-solicitation and non- competition covenants of Paragraphs 7, 8 and 9 of the Employment Agreement that are incorporated herein by reference, the Extended Options shall be immediately forfeited and canceled on written notice from the Company to the Executive.
Treatment of Equity-Based Compensation. (i) The Stock Options previously awarded to Executive under the 2000 Employee Equity Plan (together with the individual award agreements applicable to Executive’s awards, (the “Equity Plan”)), as listed on Schedule B hereto (the “Stock Options), which vested prior to the date hereof, shall remain exercisable in accordance with the terms of the Equity Plan until the second anniversary of the Retirement Date.
Treatment of Equity-Based Compensation. Exhibit A sets forth a list of all Stock Options, Restricted Stock Units and Restricted Stock Rights that have been granted to the Executive and have vested as of the Resignation Date pursuant to the Company’s incentive plans and bonuses. The Executive will have 3 months from the Resignation Date to exercise all options that have vested as of that date. The Executive’s participation in the 2002 Long Term Incentive Plan (Amended and Restated Effective May 29, 2003, as amended) (the “LTIP”) and the 2004 Long Term Outperformance Compensation Program under the LTIP (the “Compensation Program”) shall terminate as of the Resignation Date. Unvested Stock Options, Restricted Stock Units and Restricted Stock Rights granted pursuant to the LTIP, the Compensation Program, or any other plan or program shall terminate and are canceled as of the Resignation Date.
