Examples of Prior Equity Awards in a sentence
The treatment of Prior Equity Awards shall be governed by the terms of the Long-Term Incentive Plan and the related award agreements.
Any Prior Equity Awards shall vest immediately and/or become exercisable, as the case may be, and the Participant shall have the right to exercise any such Prior Equity Award until the earlier of (a) one year from the Date of Termination (or such longer period as may be provided under the terms of any such Prior Equity Award) and (b) the normal expiration date of such Prior Equity Award.
Notwithstanding anything to the contrary (but subject to the next sentence), any equity compensation awards that were granted to you before the Effective Date shall continue to be governed by their applicable terms and conditions (as may have been amended after their respective grant dates) (the "Prior Equity Awards").
In addition, the Employee’s Prior Equity Awards and, except in the case of a termination of Employee’s employment for Cause, the Employee’s New Equity Awards (other than the Retention RSU Award, which is discussed in the sentence immediately below), in each case, that are outstanding but not vested as of the Date of Termination shall become immediately vested and/or be paid or settled, as the case may be, as provided in Section 9(a)(iv) of this Agreement.
In addition, the Employee’s Prior Equity Awards and, except in the case of a termination of the Employee’s employment for Cause, the Employee’s New Equity Awards, in each case, that are outstanding but not vested as of the Date of Termination shall become immediately vested and/or be paid or settled, as the case may be, as provided in Section 9(a)(iv) of this Agreement.
If Employee’s employment is terminated due to death or Disability, the Employee’s Prior Equity Awards that are stock options and were vested but unexercised as of the Date of Termination shall be exercisable for the lesser of (x) the remaining term of such stock options and (y) five (5) years after the Date of Termination.
In addition, the Employee’s Prior Equity Awards that are outstanding but not vested as of the Date of Termination shall become immediately vested and/or be paid or settled, as the case may be, as provided in Section 9(a)(iv) of this Agreement.
Any Prior Equity Awards shall vest and/or become exercisable, as the case may be, as of the Date of Termination and the Participant’s estate or beneficiary, as the case may be, shall have the right to exercise any such Prior Equity Award until the earlier of (a) one year from the Date of Termination (or such longer period as may be provided under the terms of any such Prior Equity Award) and (b) the normal expiration date of such Prior Equity Award.
In addition, the Employee's Prior Equity Awards that are outstanding but not vested as of the Date of Termination shall become immediately vested and/or be paid or settled, as the case may be, as provided in Section 9(a)(iii) of this Agreement.
Any Prior Equity Awards shall vest and/or become exercisable, as the case may be, as of the Date of Termination and the Participant's estate or beneficiary, as the case may be, shall have the right to exercise any such Prior Equity Award until the earlier of (a) one year from the Date of Termination (or such longer period as may be provided under the terms of any such Prior Equity Award) and (b) the normal expiration date of such Prior Equity Award.