Common use of ACCELERATION OF STOCK OPTIONS IN THE EVENT OF A CHANGE OF CONTROL Clause in Contracts

ACCELERATION OF STOCK OPTIONS IN THE EVENT OF A CHANGE OF CONTROL. In the event of a Change of Control (whether or not followed by termination of the Agreement), all stock options under any MBI stock option plan which Employee holds at the time of such Change of Control shall become fully "vested" (I.E., immediately exercisable).

Appears in 5 contracts

Samples: Employment Agreement (Molecular Biosystems Inc), Employment Agreement (Molecular Biosystems Inc), Employment Agreement (Molecular Biosystems Inc)

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