Common use of Vesting of Options Clause in Contracts

Vesting of Options. Any and all options to purchase Company common stock then held by Executive will, to the extent not already vested, become vested and exercisable in full as of the Date of Termination, and any provision contained in the agreement(s) under which such options were granted that is inconsistent with such acceleration is hereby modified to the extent necessary to provide for such acceleration;

Appears in 13 contracts

Samples: Employment Agreement (Jameson Inns Inc), Employment Agreement (Jameson Inns Inc), Employment Agreement (Jameson Inns Inc)

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Vesting of Options. Any and all options to purchase Company common stock of the Company then held by Executive will, to the extent not already vested, become fully vested and exercisable in full as of the Date of TerminationTermination and shall be fully exercisable at any time thereafter prior to the respective expiration dates of such options, and any provision contained in the plans(s) and/or agreement(s) under which otherwise governing the terms of such options were granted that is are inconsistent with such acceleration is therewith are hereby modified to the extent necessary to provide for such acceleration;vesting.

Appears in 2 contracts

Samples: Employment Agreement (Innofone Com Inc), Employment Agreement (Innofone Com Inc)

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