Common use of Acceleration of Option Clause in Contracts

Acceleration of Option. This Option may be exercised in full, regardless of whether such exercise occurs prior to a date on which this Option would otherwise vest, upon termination of the Optionee’s employment with the Company and any parent or subsidiary thereof due to the death or Disability of the Optionee; provided that the Optionee has been continuously employed by the Company or a parent or subsidiary thereof between the date of this Agreement and the date of such death or Disability.

Appears in 4 contracts

Samples: Incentive Stock Option Agreement (Hutchinson Technology Inc), Non Statutory Stock Option Agreement (Hutchinson Technology Inc), Non Statutory Stock Option Agreement (Hutchinson Technology Inc)

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Acceleration of Option. This Option may be exercised in full, regardless of whether such exercise occurs prior to a date on which this Option would otherwise vest, upon termination of the Optionee’s employment with the Company and any parent or subsidiary thereof due to the death or Disability disability of the Optionee; provided that the Optionee has been continuously employed by the Company or a parent or subsidiary thereof between the date of this Agreement and the date of such death or Disabilitydisability.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Hutchinson Technology Inc)

Acceleration of Option. This Option may be exercised in full, regardless of whether such exercise occurs prior to a date on which this Option would otherwise vest, upon termination of the Optionee’s employment with Service to the Company and any parent or subsidiary thereof due to the death or Disability of the Optionee; provided that the Optionee has been continuously employed by provided such Service to the Company or a parent or subsidiary thereof between the date of this Agreement and the date of such death or Disability.

Appears in 1 contract

Samples: Stock Option Agreement (Hutchinson Technology Inc)

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Acceleration of Option. This Option may be exercised in full, regardless of whether such exercise occurs prior to a date on which this Option would otherwise vest, upon termination of the Optionee’s employment with the Company and any parent or subsidiary thereof due to the death or Disability disability of the Optionee; provided that the Optionee has been continuously employed by the Company or a parent or subsidiary thereof between the date of this Agreement and the date of such death or Disabilitydisability.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Hutchinson Technology Inc)

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