Equity Awards. During the Transition Period, Executive’s outstanding equity awards, including any options to purchase shares of Company common stock, Company restricted stock units and Company restricted stock, (collectively, “Equity Awards”) shall continue to vest and, if applicable, become exercisable and the restrictions thereupon lapse in accordance with their original vesting schedules. Vesting of Executive’s Equity Awards shall cease effective as of the Separation Date and any unvested shares underlying the Equity Awards as of such date shall automatically terminate. Executive’s rights with respect to the exercise of vested options shall continue to be governed by and subject to the terms and conditions of the related stock option agreement or any other applicable equity plans/agreements under which they were granted.
Equity Awards. Each outstanding and unvested equity award (excluding any such awards that vest in whole or in part based on the attainment of performance-vesting conditions) held by Executive shall automatically become vested and, if applicable, exercisable and any forfeiture restrictions or rights of repurchase thereon shall immediately lapse with respect to that number of shares that would have vested and, if applicable, become exercisable during the Severance Period had Executive’s employment continued during such period, and each option held by Executive to purchase the Company’s common stock that is vested as of the Termination Date (after giving effect to any applicable accelerated vesting) will remain exercisable until the earlier of the twelve (12) -month anniversary of the Termination Date or the original expiration of the option.
Equity Awards. Each unvested Company equity award held by Executive as of the Separation Date, including each unvested stock option, restricted stock unit and performance stock unit, shall be forfeited as of the Separation Date. Each vested nonqualified stock option held by Executive as of the Separation Date shall be deemed amended to the extent necessary to provide that such option shall remain exercisable through the second anniversary of the Separation Date. Each vested incentive stock option held by Executive as of the Separation Date shall remain exercisable through the three-month anniversary of the Separation Date.
Equity-Based Awards. During the Transition Period, the Employee shall no longer be entitled to receive any new equity awards. The Company has previously granted to the Employee the equity awards (the “Outstanding Equity Awards”) as set forth on [Schedule B] that remain outstanding as of the Effective Date. Unvested stock options included within the Outstanding Equity Awards will continue to vest during the Transition Period pursuant to the vesting schedule set forth in the applicable award agreement. Unvested restricted stock, restricted stock units and stock appreciation rights included within the Outstanding Equity Awards will continue to vest, and the restrictions on such restricted stock awards and restricted stock units will continue to lapse, during the Transition Period pursuant to the vesting schedule set forth in the applicable award agreement.
Equity Awards. As of the Transition Period, Employee holds outstanding equity including but not limited to unexercised options to purchase Company common stock (the “Options”). During the Transition Period, all such outstanding equity, including the Options, shall continue to vest, in each case, in accordance with their terms.
Equity Awards. Each outstanding and unvested equity award, including, without limitation, each stock option and restricted stock unit award, held by Executive shall automatically become vested and, if applicable, exercisable and any forfeiture restrictions or rights of repurchase thereon shall immediately lapse, in each case, with respect to one hundred percent (100%) of that number of unvested shares underlying Executive’s equity awards as of the Termination Date.
Equity Awards. Each outstanding and unvested equity award (including awards which vest on the basis of continued service and awards which vest on the basis of the Company’s performance), including, without limitation, each stock option and restricted stock award, held by Executive shall automatically become vested and, if applicable, exercisable and any forfeiture restrictions or rights of repurchase thereon shall immediately lapse, in each case, with respect to one hundred percent (100%) of the unvested shares underlying Executive’s equity awards as of the Termination Date. For the avoidance of doubt, such automatic vesting on the Termination Date shall occur irrespective of the duration of the Executive’s service or Executive’s or the Company’s achievement or lack of achievement of performance-based targets or milestones (including, without limitation, targets related to the Company’s stock price or revenue targets or other milestones).
Equity Awards. Each outstanding and unvested equity award which vests solely based continued service to the Company, including, without limitation, each stock option and restricted stock award which vests solely based on continued service to the Company, held by Executive shall automatically become vested and, if applicable, exercisable and any forfeiture restrictions or rights of repurchase thereon shall immediately lapse, in each case, with respect to that number of shares that would have vested during the [“twelve (12)” for the Tier 1 and Tier 2 executives; “nine (9)” for the Tier 3 executives; and “six (6)” for the Tier 4 executives] month period immediately following the Termination Date had Executive’s employment with the Company continued during such period. Outstanding and unvested equity awards which vest on the basis of the Company’s performance (including, without limitation, on the basis of the Company’s stock price or achievement of revenue targets or other milestones) held by Executive which have not vested as of the Termination Date shall immediately be forfeited by Executive on the Termination Date for no additional compensation.
Equity Awards. Prior to the Separation Date, Executive will continue to vest in his outstanding Company stock options and restricted stock units (the “Equity Awards”) subject to their current terms and conditions. Upon the Supplemental Release Effective Date, each of Executive’s then-outstanding Equity Awards will vest and, to the extent applicable, become exercisable, in an additional number of shares equal to that portion of such Equity Award that otherwise would have vested had Executive remained in service with the Company for an additional six (6) months following the Separation Date. The vesting acceleration rights in this paragraph are conditioned upon the Separation Date and the Supplemental Release Effective Date occurring no later than October 15, 2018 (and if they do not occur by of that date, such vesting acceleration benefit will be forfeited). Any remaining Equity Awards that are not eligible to be vested (after taking into account the vesting acceleration benefits provided in this paragraph) will be forfeited to the Company at no cost to the Company as of the Separation Date. This Agreement acts as an amendment to the Equity Awards. Except as set forth in this paragraph, the Equity Awards will continue to be governed by the terms and conditions of the applicable plan and award agreement (collectively, the “Stock Agreements”), as each has been modified by this Agreement.
Equity Awards. (i) Executive has been previously granted options to purchase shares of the Company’s common stock (the “Option”). The Option will continue to vest over four-years, subject to Executive’s continued employment through each applicable vesting date. The Option shall be subject to the terms and conditions of the equity plan and/or any stock option agreement pursuant to which the Option was granted. The Option shall continue to be granted pursuant to the Company’s 2017 Incentive Award Plan (the “2017 Plan”). In addition, in the event Executive’s employment is terminated pursuant to Section 7(a)(iv) or (v) following a “Change in Control” (as such term is defined in the 2017 Plan), the vesting of all of Executive’s outstanding Equity Awards (as defined below) shall fully accelerate on the date of such termination. For purposes of this Agreement, “Equity Award” means all stock options, restricted stock and such other awards granted to Executive pursuant to the Company’s stock option and equity incentive award plans or agreements and any shares of stock issued upon exercise thereof. The Executive will be provided six (6) months from the date of such termination to exercise all vested “Equity Awards”. After the six (6) months period all unexercised “Equity Awards” will cancel.
Equity Awards. Each outstanding and unvested equity award held by Executive shall automatically become vested and, if applicable, exercisable and any forfeiture restrictions or rights of repurchase thereon shall immediately lapse with respect to one hundred percent (100%) of the shares subject thereto, as of immediately prior to the Termination Date, and each option held by Executive to purchase the Company’s common stock that is vested as of the Termination Date (after giving effect to any applicable accelerated vesting) will remain exercisable until the earlier of the twelve (12)-month anniversary of the Termination Date or the original expiration of the option. Unless otherwise set forth in an applicable award agreement, for purposes of this Section 4(c) each award subject to performance-based vesting will be deemed earned at the greater of # target or # actual achievement measured as of the Termination Date (to the extent then measurable).
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