Common use of Acceleration of Equity Awards Upon Change of Control Clause in Contracts

Acceleration of Equity Awards Upon Change of Control. If the Executive becomes entitled to the Change of Control Payment, then on the Change of Control Payment Date, the Company shall vest all of the Executive’s unvested stock options and other equity awards (if any) outstanding on the Change of Control Payment Date, regardless of when such options or equity awards were granted.

Appears in 14 contracts

Samples: Employment Agreement (CW Petroleum Corp), Employment Agreement (CW Petroleum Corp), Employment Agreement (Gevo, Inc.)

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