Modification of Stock Option and RSU Vesting Terms for Jeffrey J. O'Neill
This agreement modifies the terms of Jeffrey J. O'Neill's previous stock option and Restricted Stock Unit (RSU) awards from the company. It states that any unvested stock options and RSUs as of February 24, 2014, will not expire when his employment ends, but will instead vest at the end of a specific period defined in his Separation Agreement. All such stock options must be exercised within six months of his separation date and can be exercised without paying cash upfront.
Exhibit 10.1
Vesting of Stock Options and Restricted Stock Units (RSUs)
As a modification of the terms of his prior award agreements, all Company stock options and Restricted Stock Units (RSUs) previously awarded to Jeffrey J. O’Neill which have not yet vested as of February 24, 2014 shall not expire upon separation of employment from the Company and shall be deemed vested upon the expiration of the period in Section 8(d)(6) of his Separation Agreement. All such stock options must be exercised within six (6) months of the Separation Date (February 24, 2014) and may be exercised on a cashless basis.
