Common use of Accelerated Vesting Accelerated Vesting on Death Clause in Contracts

Accelerated Vesting Accelerated Vesting on Death. [ ] Notwithstanding the foregoing, the Option shall become exercisable with respect to one-hundred percent (100%) of the Shares subject to the Option if the Participant dies while still employed by the Company or any Affiliate. Accelerated Vesting on Disability [ ] Notwithstanding the foregoing, the Option shall become exercisable with respect to one-hundred percent (100%) of the Shares subject to the Option if the Participant becomes Disabled while still employed by the Company or any Affiliate.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement, Nonqualified Stock Option Agreement

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Accelerated Vesting Accelerated Vesting on Death. [ ] Notwithstanding the foregoing, the Option shall become exercisable with respect to one-hundred percent (100%) of the Shares subject to the Option if the Participant dies while still employed by the Company or any Affiliate. Accelerated Vesting on Disability [ ] Notwithstanding the foregoing, the Option shall become exercisable with respect to one-hundred percent (100%) of the Shares subject to the Option if the Participant becomes Disabled while still employed by the Company or any Affiliate.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Arris Group Inc), Incentive Stock Option Agreement (Arris Group Inc)

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