Common use of Vesting of Incentive Awards Clause in Contracts

Vesting of Incentive Awards. Upon the occurrence of a change in control of the Corporation, any and all stock options, share appreciation rights, phantom stock awards and restricted stock awards theretofore granted to the Executive under the Corporation's stock option plan(s) but not then presently exercisable shall thereupon become vested and immediately exercisable.

Appears in 4 contracts

Samples: Employment Agreement (Sentry Technology Corp), Employment Agreement (Sentry Technology Corp), Employment Agreement (Sentry Technology Corp)

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