Acceleration of Exercise Date Upon Change in Control Sample Clauses

Acceleration of Exercise Date Upon Change in Control. Upon the occurrence of a Change in Control of the Company, this Option shall become fully and immediately exercisable and shall remain exercisable until its expiration, termination or cancellation pursuant to the terms of the Plan.
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Acceleration of Exercise Date Upon Change in Control. (1) Upon the occurrence of a Change in Control described in Section 2(d)(i), (ii), or (iii), if, (A) the Company, any Subsidiary of the Company or any entity into which the Company or any Subsidiary is merged or consolidated requires such Participant to move more than 50 miles from such Participant's place of residence within 1 year of the Change in Control; or (B) notwithstanding Section 7(e)(1)(ii), the employment of the Participant with the Company, any Subsidiary of the Company or any entity into which the Company or any Subsidiary is merged or consolidated is terminated within 1 year of the Change in Control; or (C) the Participant is required to change assignments within the Company, any Subsidiary of the Company or any entity into which the Company or any Subsidiary is merged or consolidated and is given lower responsibilities as a result of such change within 1 year of the Change in Control, then each Option granted under the Plan and outstanding at such time shall become fully and immediately exercisable and shall remain exercisable until the later of (Y) 30 days following the occurrence of said Change in Control, and (Z) 30 days following the occurrence of the change described in (A), (B), or (C) above. Notwithstanding the foregoing, no Option shall be exercisable after the expiration of its term.
Sample 1
Acceleration of Exercise Date Upon Change in Control. The provisions set forth in Section 7(g) with respect to the exercise of Options shall apply as well to the exercise of Stand-Alone SARs.
Sample 1

Related to Acceleration of Exercise Date Upon Change in Control

  • Acceleration of Exercisability of Option (a) This Option shall become immediately fully exercisable in the event that, prior to the termination of the Option pursuant to Section 6 hereof, and during the Optionee’s Continuous Service, there is a “Change in Control,” as defined in Section 9(b) of the Plan.

  • Acceleration of Exercisability Notwithstanding the schedule provided in subsection 3.2, the Option will become fully exercisable (unless Participant chooses to decline accelerated Vesting of all or any portion of the Option) upon the occurrence of either:

  • Acceleration of Vesting Upon Change in Control Effective at the time of a Change in Control, all unvested stock options and stock previously issued to Executive as to which rights of ownership are subject to forfeiture shall immediately vest; all risk of forfeiture of the ownership of stock or stock options and restrictions on the exercise of options shall lapse; and, Executive shall be entitled to exercise any or all options, such that the underlying shares will be considered outstanding at the time of the Change in Control.

  • Vesting Upon Change in Control Notwithstanding anything to the contrary in this Agreement, including Section (D):

  • Vesting Upon a Change in Control Immediately upon a Change in Control, any equity awards subject to vesting that have been granted to the Officer under the Company’s equity incentive plans and that are not fully vested shall become fully vested and, in the case of stock options, shall become immediately exercisable, and the Officer shall be entitled, in the case of such stock options, to exercise such stock options until the earlier of the expiration of their original full term or one year from the Date of Termination (in each case, without regard to any earlier termination otherwise applicable in the event of termination of employment, and to the extent permitted by Section 409A of the Code).

  • Acceleration Upon Change in Control This Option shall become immediately fully exercisable in the event that, prior to the termination of the Option pursuant to Section 6 hereof, and during the Optionee’ s Continuous Service, there is a Change in Control.

  • Duration of Exercisability The installments provided for in Section 3.1 are cumulative. Each such installment which becomes exercisable pursuant to Section 3.1 shall remain exercisable until it becomes unexercisable under Section 3.3.

  • Suspension of Exercisability If at any time the Company shall determine, in its discretion, that the listing, registration or qualification of the Shares upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory authority, is necessary or desirable as a condition of the purchase of Shares hereunder, this option may not be exercised, in whole or in part, unless and until such listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Company. The Company shall make reasonable efforts to meet the requirements of any such state or federal law or securities exchange and to obtain any such consent or approval of any such governmental authority.

  • PAYMENTS UPON A CHANGE IN CONTROL (a) The term “

  • Acceleration Upon a Change of Control Subject to any additional acceleration of exercisability described in Sections 4(b), (c) and (d) below, in connection with a Change of Control (as defined in Section 1 above), the vesting and exercisability of fifty percent (50%) of Executive’s outstanding Stock Awards shall be automatically accelerated. The foregoing provision is hereby deemed to be a part of each such Stock Award and to supersede any less favorable provision in any agreement or plan regarding such Stock Award.

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