Vesting of Stock Options. All unvested stock options held by Executive, if any, shall vest immediately upon a Change of Control Termination as defined in Section 6.1.2. Executive may exercise such options in accordance with the terms and conditions of the stock option plan and the agreement pursuant to which such options were granted.
Vesting of Stock Options. All unvested stock options held by Executive, if any, shall vest immediately upon a Change in Control Termination as defined in paragraph 6.1.2.1. Executive may exercise such options in accordance with the terms and conditions of the stock option plan and the agreement pursuant to which such options were granted.
Vesting of Stock Options. Vesting of any long-term incentive grants and awards resulting from employment terminations, regardless of the reason for or date of such termination, shall be governed by the long-term incentive plan document and any grant or award agreements and shall not be affected by the terms of this Agreement.
Vesting of Stock Options. All options granted to Executive that would have vested during the Severance Period shall vest as of the Termination Date, provided, however, that any such options may not be exercised during the Severance Period until the same time(s) as such options would have vested had Executive continued to be employed through the Severance Period. Any options that would not have vested during the Severance Period shall terminate on the Termination Date.
Vesting of Stock Options. Any outstanding options to purchase the capital stock of NorthWestern held by Executive on the Termination Date shall immediately become fully vested without change to the remaining term for the exercise of such options, and all restrictions on any private equity awards shall lapse.
Vesting of Stock Options. The Option shall vest and become excisable on the first anniversary of the date of grant, provided that none of the Directorship Terms are terminated under Section 5(d), Section 5(f), and Section 5(g). Notwithstanding the above, the Option shall immediately vest and be issued to the Director if any of the Directorship Terms are terminated in accordance with Section 5(b), Section 5(c), and Section 5(e) hereof. In the event that a change of control occurs resulting from (i) a merger of MobileBits Holdings into or with another person or entity (other than with an affiliated entity or subsidiary of the Company), or any sale or transfer of the equity interests of MobileBits Holdings in any such case in which the equity holders of MobileBits Holdings immediately prior to such transaction possess less than 50% of MobileBits Holdings’ or the surviving entity's issued and outstanding equity interests immediately after such transaction; or (ii) the sale by MobileBits Holdings of all or substantially all of its assets, the Option shall immediately vest and be issued to the Director.
Vesting of Stock Options. All outstanding unvested Stock Options shall become immediately vested and fully exercisable.
Vesting of Stock Options. In the event of a Change of Control, as defined in this Section, all stock options then held by the Executive for the purchase of equity securities of the Company shall immediately become vested, effective on the date of the Change of Control.
Vesting of Stock Options. This Agreement shall serve to memorialize the amendment approved by the Board of Directors of the Company on March 2, 1998 to any and all stock options held by Executive prior to such date (the "Options") to provide that (i) the Options may be exercised through the delivery of shares of Common Stock owned by Executive having a fair market value as of the date of such exercise equal to the cash exercise price of the Options being exercised, provided that such shares of Common Stock being so delivered have been owned by Executive for at least six (6) months prior to the date of such exercise, and (ii) upon the consummation of any transaction which constitutes a Change of Control (as such term is defined above), the Options shall become fully vested and immediately exercisable without regard to their vesting provisions. 6.2
Vesting of Stock Options. Upon the occurrence of a Change in Control, the Company shall cause all Executive options to purchase Company stock, which options were issued pursuant to the Company’s employee stock option plans and which options are outstanding immediately prior to the Change in Control Date, to become fully vested and exercisable as of the Change in Control Date.
