Common use of Acceleration of Stock Options Clause in Contracts

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.