Common use of Acceleration of Stock Options Clause in Contracts

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. If a Change of Control of the Company shall occur or the Executive resigns for Good Reasonoccur, 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 Plansterm thereof, regardless of whether or not the Executive remains in the employ or service of the Company.