Common use of Accelerated Vesting of Stock Options Clause in Contracts

Accelerated Vesting of Stock Options. In the event a Change in Control occurs following the effective date of options granted to the Executive to purchase the Company's common stock, and if the Executive is employed by the Company as of the date of the Change in Control, the Executive's stock options shall have their vesting accelerated in full so as to become 100% vested, effective as of the time immediately preceding the effective time of the Change in Control. In the event the Executive's services are terminated in a Non-Cause Termination of Employment during the year after a Change in Control, any stock options granted to the Executive to purchase the Company's common stock that are not otherwise vested (including any stock options with effective dates after a Change in Control) shall have their vesting accelerated in full so as to become 100% vested, effective as of the date of the Executive's termination of employment.