Vesting of Time-Based Equity Awards and Exercise Period. All stock option, restricted stock and other Equity Awards that were granted by the Company to Executive and that are subject to time-based vesting shall become fully vested, non-forfeitable, and exercisable, and Executive shall have one year from the date of the termination of Executive’s employment to exercise any such Equity Awards that are in the form of stock options, notwithstanding any contrary post-termination exercise period described in the agreement evidencing such Equity Award. Any unvested portion of any Equity Awards that are subject to performance-based vesting shall terminate as of the effective date of termination of Executive’s employment with the Company.
Appears in 5 contracts
Samples: Employment Agreement, Employment Agreement (Global Cash Access Holdings, Inc.), Employment Agreement (Global Cash Access Holdings, Inc.)
