Continued Vesting of Stock Options Sample Clauses
The Continued Vesting of Stock Options clause ensures that an employee’s stock options will keep vesting even after a specific event, such as a change in employment status or company ownership. Typically, this means that if an employee is terminated without cause or the company is acquired, the employee does not forfeit their right to earn additional stock options according to the original vesting schedule. This clause protects employees by allowing them to benefit from equity compensation they would have otherwise lost, thereby providing financial security and incentivizing retention during periods of transition or uncertainty.
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Continued Vesting of Stock Options. If the Qualifying Termination does not occur within the 365-day period following a Change in Control, then, for a period of 12 months following the date of the Qualifying Termination, the Executive shall continue to vest, subject to Section 4(a) above, in any outstanding restricted stock or options to purchase stock in the Company. Nothing in this Agreement shall give the Executive the right to receive grants of new options to purchase stock in the Company following a Qualifying Termination.
Continued Vesting of Stock Options. Notwithstanding anything to the contrary in the applicable award agreements:
(i) Executive’s outstanding stock options shall continue to vest in accordance with their original vesting schedules through the last day of the Transition Period;
(ii) As of the last day of the Transition Period, all of Executive’s then-unvested stock options shall immediately vest; and
(iii) Executive shall have until the date which is the first anniversary of the end of the Transition Period to exercise all vested and unexercised stock options, or if earlier, the option expiration date set forth in an applicable option award agreement. As of 3:00 pm Central Time on such first anniversary of the end of the Transition Period, all of Executive’s outstanding but unexercised stock options shall be cancelled, null and void.
Continued Vesting of Stock Options. The Parties agree that for purposes of determining the number of shares of the Company’s common stock that Employee is entitled to purchase from the Company, pursuant to the exercise of outstanding options, Employee shall continue to vest at his regular rate during the Transition Term while he continues to provide Transition Duties. Employee further acknowledges that the exercise of Employee’s vested options and shares resulting from any such exercises shall continue to be governed by the terms and conditions of the Stock Option Agreements.
Continued Vesting of Stock Options. Director's continuing service as a Director of the Company shall constitute "continuous service" for purposes of stock option grants that have been previously provided to Employee pursuant to the Company's Equity Incentive Plan. Such stock option grants shall continue to vest as long as Director continues to serve as a member of the Company's Board of Directors. Following vesting in full of the currently-issued stock options, Director shall be eligible to receive annual stock option grants that may be awarded to other outside members of the Company's board of directors.
Continued Vesting of Stock Options. Any and all stock options ---------------------------------- granted to ▇▇▇▇▇▇▇ pursuant to any of the Company's stock option plans prior to the date hereof that are unvested as of the date hereof will continue to vest, and ▇▇▇▇▇▇▇ shall be permitted to exercise such options on the terms set forth in the relevant option plan and option agreement, in the same amounts and at the same times as such options would have vested had ▇▇▇▇▇▇▇ remained employed by the Company until all such options become fully vested (the period between the date hereof and the date that all such options become fully vested being hereafter referred to as the "Option Vesting Period"); provided, however, that such continued vesting of options shall immediately cease upon a knowing violation by ▇▇▇▇▇▇▇ during the Option Vesting Period of any of the provisions of Sections 6, 7 or 8 hereof.
Continued Vesting of Stock Options. Not applicable.