Common use of Acceleration of Stock Options Clause in Contracts

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)

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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

Samples: Consulting Agreement (Xstream Systems Inc)

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