Common use of Acceleration of Exercisability Clause in Contracts

Acceleration of Exercisability. In the event of the Optionee’s Termination of Employment due to the Optionee’s death, notwithstanding any vesting schedule provided for hereunder, this Option shall become immediately vested and, to the extent applicable, exercisable for such period of time specified in Section 3.3(a).

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Catalyst Pharmaceutical Partners, Inc.), Non Qualified Stock Option Agreement (Catalyst Pharmaceutical Partners, Inc.)

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Acceleration of Exercisability. In the event of the Optionee’s Termination of Employment due to the Optionee’s death, notwithstanding any vesting schedule provided for hereunder, this Option shall become immediately vested and, to the extent applicable, exercisable for such period of time specified in Section 3.3(a3.2(a).

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Catalyst Pharmaceutical Partners, Inc.)

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Acceleration of Exercisability. In the event of Notwithstanding Section 3.1 hereof, all Options shall become fully exercisable immediately upon the Optionee’s Termination of Employment if such termination occurs due to the Optionee’s death, notwithstanding any vesting schedule provided for hereunder, this Option shall become immediately vested and, to the extent applicable, exercisable for such period of time specified in Section 3.3(a)death or Disability.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Nextera Enterprises Inc)

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