Stock Option Acceleration. Notwithstanding anything in this Agreement or in any option agreement to the contrary, upon a Change of Control, any stock options granted to you after the date hereof (previous options being governed by Executive's prior agreements) shall accelerate and become vested without further action and, to the extent permitted under the plan's governing documents, Executive shall have a period of one year from the date of termination to exercise such options.
Appears in 3 contracts
Sources: Change of Control Agreement (Meritage Corp), Change of Control Agreement (Meritage Corp), Change of Control Agreement (Meritage Corp)