Acceleration of Stock Options. The Company shall accelerate and make immediately exercisable any and all unmatured stock options (whether or not such stock options are otherwise exercisable) which Executive then holds to acquire securities from the Company; provided, however, that Executive shall have ninety (90) days after such termination of employment to exercise any outstanding stock options and after such ninety (90) days any and all unexpired stock options shall lapse; and, provided, further, however, any tax benefit provisions with respect to any stock options shall apply to any and all unmatured stock options (whether or not such stock options are otherwise exercisable). If as a result of such acceleration of incentive stock options the $100,000 limitation would be exceeded with respect to an optionee, such incentive stock options shall be converted, as of the date such incentive stock options become exercisable, to non-qualified stock options to the extent necessary to comply with the $100,000 limitation and the Company shall pay to such optionee an additional cash payment equal to the tax benefit to be received by the Company attributable to its federal income tax deduction resulting from the exercise of such converted non-qualified stock options.
Acceleration of Stock Options. All options and other rights that Executive may hold to purchase or otherwise acquire Common Stock of FII shall immediately become exercisable in full for the total number of shares that are or might become purchasable thereunder, in each case without further condition or limitation except the giving of notice of exercise and the payment of the purchase price thereunder (but without amendment of the plan under which they were issued). At his discretion, Executive may elect to surrender to Employer his rights in any such options and rights held by him and, upon that surrender, Employer shall pay him an amount in cash equal to the aggregate spread between the exercise prices of all those options and rights and the value of the Common Stock purchasable thereunder (or of any other security into which the Common Stock has been exchanged or converted) as of the date of the termination of employment, the value to be determined by the reported last sale price of the Common Stock or that other security (or the mean between the reported last bid and asked prices) on that date on NASDAQ (or, if it is not NASDAQ, on whatever may then be the principal exchange or quotation system on which the Employer's Common Stock or that other security is traded at that time).
Acceleration of Stock Options. Immediately following such Date of Termination, all options and stock appreciation rights granted to Employee under the 1997 Stock Incentive Plan or any other stock option or similar plan before or after the date hereof (collectively referred to herein as "Stock Option Plans") shall immediately become fully exercisable and execution of this Agreement shall constitute an amendment to any stock option agreement to so provide and an agreement and undertaking by the Company to take such action as may be required to cause any and all options or rights granted, or to be granted, to Employee thereunder to make them consistent herewith.
Acceleration of Stock Options. On the Special Termination Date, all options and other rights that the Executive may hold to purchase or otherwise acquire common stock of FII will immediately become vested and exercisable in full for the total number of shares that are or might become purchasable thereunder, in each case without further condition or limitation except the giving of notice of exercise and the payment of the purchase price thereunder (but without amendment of the plan under which they were issued).
Acceleration of Stock Options. If a Change of Control of the Company shall occur or the Executive resigns for Good Reason, then, without any action by the Board, all outstanding stock options, which the Executive then holds to acquire securities from the Company, shall accelerate and become fully vested, immediately exercisable in full and shall remain exercisable during the remaining time period as determined pursuant to the terms of the Company's Stock Option Plans, regardless of whether or not the Executive remains in the employ or service of the Company.
Acceleration of Stock Options. (i) Any options held by the Executive as of the date of a Change of Control which are not exercisable by their terms as of the date of such Change of Control shall become exercisable as follows, subject to the provisions of subsection (ii) below: 50% of such options shall become fully exercisable immediately prior to the Change of Control and 50% of such options shall become fully exercisable on the first anniversary date of the Change of Control (unless by their terms they become exercisable sooner). Such options shall remain exercisable until the date which is ninety-one days following the first anniversary of the Change of Control.
Acceleration of Stock Options. On the date which is 30 days before the date on which the Term of Employment will end by reason of a notice of termination given by either party hereto under any of the provisions hereof, all employee stock options held by Executive shall become exercisable in full (i.e., to the extent that any such option or portion thereof is not yet exercisable, the right to exercise the same in full shall be accelerated) and such option shall thereafter be fully vested and exercisable in full (to the extent not theretofore exercised) until it expires by its terms.
Acceleration of Stock Options. Immediately prior to the effective date of the Change of Control, twenty five percent (25%) (i.e., one year acceleration) of all outstanding Stock Options granted by XStream to Executive together with any options issued in a tender offer in exchange for such outstanding Stock Options shall fully vest and shall be exercisable by Executive for a period of one (1) year following the effective date of the termination of Executive’s employment with XStream.
Acceleration of Stock Options. Notwithstanding the provisions of a stock option plan or option agreement to the contrary, if Executive's employment is terminated by the Company following a Change in Control involuntarily and without Business Reasons (as defined in Section 7.A hereof), all options to purchase shares of common stock of the Company which may be granted to Executive under the Company's 1999 Stock Option Plan shall immediately vest and become exercisable, and all restrictions on any restricted stock granted to Executive shall immediately lapse.
Acceleration of Stock Options. In the event of a Change of Control, as defined in Appendix A of this Agreement, all of Employee's stock options issued pursuant to the Eden Bioscience Corporation 1995 Combined Incentive and Nonqualified Stock Option Plan (the "Plan") will be treated in accordance with this Section 5.2. In the event the option is assumed, converted or replaced in any transaction involving a merger, consolidation, acquisition of property or stock, separation or reorganization (a "Corporate Transaction"), the option will fully accelerate in vesting and exercisability if Employee's employment or service relationship with the Company subsequently terminates within three years after a Corporate Transaction, unless Employee's employment or service relationship is terminated for Cause or by Employee voluntarily without "Good Reason," as defined in Section 5.6. However, acceleration will not occur if the Corporate Transaction is a related party transaction or the acceleration would, in the opinion of the Company's outside accountants, prevent the use of "pooling of interest" accounting in a transaction for which it is otherwise available. Nothing contained in this Agreement shall affect the right of Employee to receive benefits or other shares under any option plan existing or adopted by the Company. The Options will be designated as incentive stock options to the extent permitted under the Plan and applicable law.
