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

Accelerated Vesting Upon a Change in Control. Upon the occurrence of a Change of Control, the unvested portion of the Option, to the extent not previously cancelled or forfeited, shall immediately vest in full, so long as the Participant’s Service has not been terminated before the date of the consummation of the Change of Control.

Appears in 7 contracts

Samples: Nonqualified Stock Option Award Agreement (STR Holdings, Inc.), Nonqualified Stock Option Award Agreement (EnergySolutions, Inc.), Nonqualified Stock Option Award Agreement (EnergySolutions, Inc.)

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Accelerated Vesting Upon a Change in Control. Upon the occurrence of a Change of Control, the unvested portion of the Option, to the extent not previously cancelled or forfeited, shall immediately vest in full, so long as the Participant’s 's Service has not been terminated before the date of the consummation of the Change of Control and provided the Option had not terminated prior to such Change of Control.

Appears in 2 contracts

Samples: Nonqualified Stock Option Award Agreement (EnergySolutions, Inc.), Nonqualified Stock Option Award Agreement (EnergySolutions, Inc.)

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