Common use of Acceleration of Vesting in Certain Events Clause in Contracts

Acceleration of Vesting in Certain Events. Notwithstanding the foregoing, in the event of a Change of Control (as defined below) of the Company that occurs while Optionee is a Service Provider, 25% of the then unvested Shares subject to the Option shall become vested and exercisable. If Optionee is subject to an Involuntary Termination (as defined below) by the Company or a successor corporation (as applicable) without Cause (as defined below) within twelve (12) months following a Change in Control of the Company, then in addition Optionee shall vest in and have the right to exercise an additional 25% of the then unvested Shares (as of such Involuntary Termination) subject to the Option. After any acceleration of vesting, the Option will continue to be subject to the terms and conditions of the Plan and this Option Agreement.

Appears in 2 contracts

Samples: Stock Option Agreement (Yodlee Inc), Stock Option Agreement (Yodlee Inc)

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Acceleration of Vesting in Certain Events. Notwithstanding the foregoing, in the event of a Change of Control (as defined below) of the Company that occurs while Optionee is a Service Provider, 25% [25][100]% of the then unvested Shares subject to the Option shall become vested and exercisable. If [Thereaftere][If Optionee is subject to an Involuntary Termination (as defined below) by the Company or a successor corporation (as applicable) without Cause (as defined below) within twelve (12) months following a Change in Control of the Company, then in addition Optionee shall vest in and have the right to exercise an additional 25% of the then unvested Shares (as of such Involuntary Termination) subject to the Option. After any acceleration of vesting], the Option will continue to be subject to the terms and conditions of the Plan and this Option Agreement.

Appears in 2 contracts

Samples: Stock Option Agreement (Yodlee Inc), Stock Option Agreement (Yodlee Inc)

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