Common use of Stock and Stock Options Clause in Contracts

Stock and Stock Options. If, at the time of an Eligible Termination, the Executive holds stock in Bcom3 (or stock in a successor corporation or a new parent holding company), then the Executive will become entitled to hold his or her stock subject to the least restrictive provisions that are then applicable to any group of employees (or former employees) of Bcom3; provided, however, that, if the Executive is still -------- ------- subject to a "never lapse" restriction for federal income tax purposes at the time of the Eligible Termination, such restriction will not lapse solely by reason of the Eligible Termination, and instead the Executive will become entitled to hold his or her shares, subject to such restriction, for up to 10 years thereafter.

Stock and Stock Options. If, at the time of an Eligible Termination, the Executive holds stock in Bcom3 (or stock in a successor corporation or a new parent holding company), then the Executive will become entitled to hold his or her stock subject to the least restrictive provisions that are then applicable to any group of employees (or former employees) of Bcom3; provided, however, that, if the Executive is still -------- ------- ------ subject to a "never lapse" restriction for federal income tax purposes at the time of the Eligible Termination, such restriction will not lapse solely by reason of the Eligible Termination, and instead the Executive will become entitled to hold his or her shares, subject to such restriction, for up to 10 years thereafter.