Special Vesting Rules. If, before the Option becomes vested, the Optionee’s employment with Idearc terminates by reason of the Optionee’s death, or is terminated by Idearc without Cause or by reason of the Optionee’s Disability (as defined in the Employment Agreement), or is terminated by the Optionee for Good Reason pursuant to the Employment Agreement, then the Option will thereupon become fully vested; provided, however, that no such acceleration of vesting will apply unless, as of the time such acceleration would otherwise occur, the Optionee has maintained continuous compliance with the restrictive covenants set forth in Section 8 of the Employment Agreement (the “Restrictive Covenants”) and the Optionee has executed and delivered to the Company a general release of claims against the Company, its subsidiaries and any of its or their affiliates in the form attached to the Employment Agreement as Exhibit C.
Appears in 2 contracts
Sources: Stock Option Award Agreement (Idearc Inc.), Stock Option Award Agreement (Idearc Inc.)