Vesting Upon Termination. In the event Executive’s employment is terminated pursuant to this Section 6(d), Executive’s then unvested equity awards granted under the Company’s stock incentive plans after the Executive became an employee of the Company shall continue to vest for a period of six (6) months following the Termination Date, and, with respect to any options that are exercisable or become exercisable, such options shall remain exercisable for six (6) months following the Termination Date, subject to such longer period as may be provided by the Company’s 2004 Incentive Stock Plan.
Appears in 2 contracts
Samples: Employment Agreement (CalAmp Corp.), Employment Agreement (CalAmp Corp.)
Vesting Upon Termination. In the event Executive’s employment is terminated pursuant to this Section 6(d), Executive’s then unvested equity awards granted under the Company’s stock incentive plans after the Executive became an employee of the Company shall continue to vest for a period of six (6) months following the Termination Date, and, with respect to any options that are exercisable or become exercisable, such options shall remain exercisable for six (6) months following the Termination Date, subject to such longer period as may be provided by the Company’s 2004 Incentive Stock Plan.”
Appears in 1 contract
Samples: Employment Agreement (CalAmp Corp.)
Vesting Upon Termination. In the event Executive’s employment is terminated pursuant to this Section 6(d), Executive’s then unvested equity awards granted under the Company’s stock incentive plans after the Executive became an employee of the Company shall continue to vest for a period of six three (63) months following the Termination Date, and, with respect to any options that are exercisable or become exercisable, such options shall remain exercisable for six three (63) months following the Termination Date, subject to such longer period as may be provided by the Company’s 2004 Incentive Stock Plan.
Appears in 1 contract
Samples: Employment Agreement (CalAmp Corp.)