Example ContractsClausesaward of stock appreciation rightsVariants
Award of Stock Appreciation Rights
Award of Stock Appreciation Rights contract clause examples

notwithstanding anything to the contrary in the respective award agreement(s), be entitled to exercise any stock options or stock appreciation rights until the expiration of twenty-four (24) months following Executive's Separation from Service (or until such later date as may be applicable under the terms of the award agreement governing the stock option or stock appreciation right upon termination of employment), subject to the maximum full term of the stock option or stock appreciation right; provided, however, that, if any stock option or stock appreciation right is terminated or cashed-out in connection with a Change in Control, the Executive shall receive a lump­ sum cash payment equal to the time value (i.e., under the Black Scholes option pricing model) of such stock options or stock appreciation rights inclusive of the economic value for the period of twenty-four (24) months following Executive's Separation from Service (or until such later date as may be applicable under the terms of the award agreement governing the stock option or stock appreciation right upon termination of employment), subject to the maximum full term of the stock option or stock appreciation right.

the right, notwithstanding anything to the contrary in the respective award agreement(s), to exercise any stock options or stock appreciation rights until the expiration of twenty-four (24) months following Executive’s Separation from Service (or until such later date as may be applicable under the terms of the award agreement governing the stock option or stock appreciation right upon termination of employment), subject to the maximum full term of the stock option or stock appreciation right; provided, however, that, if any stock option or stock appreciation right is terminated or cashed-out in connection with a Change in Control, the Executive shall receive a lump-sum cash payment equal to the time value (i.e., under the Black Scholes option pricing

model) of such stock options or stock appreciation rights inclusive of the economic value for the period of twenty-four (24) months following the Executive’s Separation from Service (or until such later date as may be applicable under the terms of the award agreement governing the stock option or stock appreciation right upon termination of employment), subject to the maximum full term of the stock option or stock appreciation right.

Executive’s vested unexpired stock options (if any) and vested unexpired stock appreciation rights (if any) will continue to be exercisable (if not exercised earlier) until the maximum expiration date of the stock option or stock appreciation right as set forth in the applicable award agreement (but subject to earlier termination upon certain corporate transactions as provided in the applicable award agreement or applicable Company equity plan). For the avoidance of doubt, this [Section 2.4(j)] shall apply to any stock options and stock appreciation rights that are vested as of the date of the Executive’s termination of employment and to any stock options and stock appreciation rights that vest after the date of the Executive’s termination of employment pursuant to [Section 2.4(i)], [Section 2.4(h)] or otherwise.

Executive’s vested unexpired stock options (if any) and vested unexpired stock appreciation rights (if any) will continue to be exercisable (if not exercised earlier) until the maximum expiration date of the stock option or stock appreciation right as set forth in the applicable award agreement (but subject to earlier termination upon certain corporate transactions as provided in the applicable award agreement or applicable Company equity plan) For the avoidance of doubt, this [Section 2.3(f)] shall apply to any stock options and stock appreciation rights that are vested as of the date of the Executive’s termination of employment and to any stock options and stock appreciation rights that vest after the date of the Executive’s termination of employment pursuant to [Section 2.3(e)] or otherwise.

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