Acceleration Event. An “Acceleration Event” shall mean the occurrence of an event described in clause (A) or (B), as follows: (A) the employment of the Optionee is terminated by the Company without “cause,” as such term is defined in any employment agreement, employment offer letter, severance agreement, or other similar agreement between the Optionee and the Company (regardless of whether such agreement exists on the date of this Agreement or is entered into hereafter), and (B) the occurrence of a Change in Control.
Appears in 4 contracts
Samples: Stock Option Agreement (Zix Corp), Stock Option Agreement (Zix Corp), Stock Option Agreement (Zix Corp)
