CHANGE IN CORPORATE CONTROL. To the extent you have not previously vested in your rights with respect to this Award, your Award will become - [ ] ___% vested if your Continuous Service ends due to your death or "disability" within the meaning of Section 409A of the Code; [ ] ___% vested if your Continuous Service ends due to your retirement at or after you have attained the age of ___ and completed at least ___ full years of Continuous Service; [ ] according to the following schedule if your Continuous Service ends due to an Involuntary Termination that occurs within the one year period following a Change in Control: Date on which Your Involuntary Termination Portion of Your Award Occurs (by reference to Date of Award) As to which Vesting Accelerates ------------------------------------------ ------------------------------- Before 1st Anniversary 0% Between 1st and 2nd Anniversary ___% After 2nd Anniversary ___%
Appears in 2 contracts
Sources: Stock Option Award Agreement (Commerce Energy Group, Inc.), Employment Agreement (Commerce Energy Group, Inc.)