Common use of Vesting of Stock Awards Clause in Contracts

Vesting of Stock Awards. If within six months prior to a Change of Control and in anticipation of a Change of Control, the Executive’s employment is involuntarily terminated by the Company (except for Cause) or if any of the events in Section 3(a)(2)(ii) of this Agreement occur and Executive terminates her employment, all stock option grants, awards of restricted stock or restricted stock units, and all other forms of stock awards previously granted to the Executive shall vest immediately and be nonforfeitable.

Appears in 2 contracts

Samples: Special Termination Agreement (Bearingpoint Inc), Special Termination Agreement (Bearingpoint Inc)

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Vesting of Stock Awards. If within six months prior to a Change of Control and in anticipation of a Change of Control, the Executive’s employment is involuntarily terminated by the Company (except for Cause) or if any of the events in Section 3(a)(2)(ii) of this Agreement occur and Executive terminates her his employment, all stock option grants, awards of restricted stock or restricted stock units, and all other forms of stock awards previously granted to the Executive shall vest immediately and be nonforfeitable.

Appears in 1 contract

Samples: Special Termination Agreement (Bearingpoint Inc)

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Vesting of Stock Awards. If within six months prior to a Change of Control and in anticipation of a Change of Control, the Executive’s employment is involuntarily terminated by the Company (except for Cause) or if any of the events in Section 3(a)(2)(ii) or (iii) of this Agreement occur and Executive terminates her his employment, all stock option grants, awards of restricted stock or restricted stock units, and all other forms of stock awards previously granted to the Executive shall be reinstated and shall vest immediately (as if his employment were not terminated) and be nonforfeitablenonforfeitable or the Executive shall receive an equivalent vested award or cash payment.

Appears in 1 contract

Samples: Special Termination Agreement (Bearingpoint Inc)

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