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Common use of Acceleration Events Clause in Contracts

Acceleration Events. Notwithstanding anything in this Article III to the contrary, the Option shall become immediately exercisable as to 100% of the shares of Common Stock subject to such Option (but only to the extent such Option has not otherwise terminated or become exercisable) upon a Change of Control.

Appears in 2 contracts

Samples: Employee Stockholder's Agreement (Bristol West Holdings Inc), Employee Stockholder's Agreement (Bristol West Holdings Inc)

Acceleration Events. Notwithstanding anything in this Article III to the contrary, . the Option shall become immediately exercisable as to 100% of the shares of Common Stock subject to such Option (but only to the extent such Option has not otherwise terminated or become exercisable) upon a Change of Control.

Appears in 2 contracts

Samples: Employee Stockholder's Agreement (Bristol West Holdings Inc), Employee Stockholder's Agreement (Bristol West Holdings Inc)