Common use of Acceleration of Options Clause in Contracts

Acceleration of Options. Notwithstanding anything to the contrary in any of the Option Documents, as defined in Appendix A, upon a Change in Control, all outstanding stock options granted by the Company or any of its affiliates to the Executive shall become fully vested and immediately exercisable on the date of the Change in Control.

Appears in 5 contracts

Samples: Employment Agreement (Lincoln Educational Services Corp), Employment Agreement (Lincoln Educational Services Corp), Employment Agreement (Lincoln Educational Services Corp)

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Acceleration of Options. Notwithstanding anything to the contrary in any of the Option Documents, Documents (as defined in Appendix A), upon a Change in Control, all outstanding stock options granted by the Company or any of its affiliates to the Executive shall become fully vested and immediately exercisable on the date of the Change in Control.

Appears in 5 contracts

Samples: Employment Agreement (Lincoln Educational Services Corp), Employment Agreement (Lincoln Educational Services Corp), Employment Agreement (Lincoln Educational Services Corp)

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Acceleration of Options. Notwithstanding anything to the contrary in any of the Option Documents, as defined in Appendix Aapplicable option agreements, upon a Change in of Control, all outstanding stock options granted by the Company or any of its affiliates to the Executive shall become fully vested and immediately exercisable on the date of the Change of Control, unless the Board of Directors in Controloffice prior to the announcement of the potential Change of Control determines otherwise, in which case such options shall be accorded no less favorable treatment than is generally accorded to other Company employees.

Appears in 1 contract

Samples: Employment Agreement (Algodon Wines & Luxury Development Group, Inc.)

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