Initial Grants. To the extent that you have been issued an Option and/or RSU pursuant to the Offer Letter (“Initial Grants”), the provisions of the Offer Letter and your individual Option and/or Restricted Stock Unit Award Agreement relating to such the Initial Grants shall remain in full force and effect without modification by this Amendment #1. This includes, without limitation, those provisions in the Offer Letter and your individual Option and/or Restricted Stock Unit Award Agreement relating to the vesting and acceleration upon change of control of the Initial Grants. Nothing in this Amendment #1 will be construed to modify the provisions of the 2006 New Recruit Equity Incentive Plan (the “2006 Plan”) and your individual Option and/or Restricted Stock Unit Award Agreement, which govern the Initial Grants.
Appears in 2 contracts
Sources: Employment Agreement (Rackable Systems, Inc.), Employment Agreement (Rackable Systems, Inc.)
Initial Grants. To the extent that you have been issued an Option and/or RSU pursuant to the Offer Letter (“Initial Grants”), the provisions of the Offer Letter and your individual Option and/or Restricted Stock Unit Award Agreement relating to such the Initial Grants shall remain in full force and effect without modification by this Amendment #1. This includes, without limitation, those provisions in the Offer Letter and your individual Option and/or Restricted Stock Unit Award Agreement relating to the vesting and acceleration upon change of control of the Initial Grants. Nothing in this Amendment #1 will be construed to modify the provisions of the 2006 New Recruit 2005 Equity Incentive Plan (the “2006 2005 Plan”) and your individual Option and/or Restricted Stock Unit Award Agreement, which govern the Initial Grants.
Appears in 1 contract
Sources: Employment Agreement (Silicon Graphics International Corp)