Common use of Accelerated Vesting of Options Upon a Change of Control Clause in Contracts

Accelerated Vesting of Options Upon a Change of Control. Notwithstanding any provisions of any Company stock option plan or option agreement to the contrary, upon a Change of Control all outstanding unvested stock options, if any, granted to Executive under any Company stock option plan (or options substituted therefor covering the stock of a successor corporation) shall be fully vested and exercisable as to all shares of stock covered thereby effective as of the date of the Change of Control.

Accelerated Vesting of Options Upon a Change of Control. Notwithstanding any provisions to the contrary of any Company stock option plan of the Option Plans or option agreement to the contraryOption Agreements, upon a Change of in Control (other than a Tuboscope Change in Control) all outstanding unvested stock options, if any, granted to Executive under any Company stock option plan of the Option Plans (or options substituted therefor covering the stock of a successor corporation) shall be and become fully vested and exercisable as to all shares of stock covered thereby effective as of the date of the Change of in Control.

Accelerated Vesting of Options Upon a Change of Control. Notwithstanding any provisions to the contrary of any Company stock option plan of the Option Plans or option agreement to the contraryOption Agreements, upon a Change of in Control all outstanding unvested stock options, if any, granted to Executive under any Company stock option plan of the Option Plans (or options substituted therefor covering the stock of a successor corporation) shall be and become fully vested and exercisable as to all shares of stock covered thereby effective as of the date of the Change of in Control.

Accelerated Vesting of Options Upon a Change of Control. Notwithstanding any provisions to the contrary of any Company stock option plan of the Option Plans or option agreement to the contraryOption Agreements, upon a Change of Control all outstanding unvested stock options, if any, granted to Executive under any Company stock option plan of the Option Plans (or options substituted therefor covering the stock of a successor corporation) shall be and become fully vested and exercisable as to all shares of stock covered thereby effective as of the date of the Change of Control.