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.
Appears in 4 contracts
Samples: Executive Employment Agreement (Xstream Systems Inc), Executive Employment Agreement (Xstream Systems Inc), Executive Employment Agreement (Xstream Systems Inc)
Acceleration of Stock Options. Immediately prior to the effective date of the Change of Control, twenty five percent one hundred (25100%) (i.e., one year acceleration) percent of all outstanding Stock Options granted by XStream to Executive Consultant 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 Consultant for a period of one (1) year following the effective date of the termination of ExecutiveConsultant’s employment services with XStream.
Appears in 1 contract