Common use of Acceleration of Vesting of Equity Awards Clause in Contracts

Acceleration of Vesting of Equity Awards. Vesting of equity awards granted to Employee, whether stock options or stock purchase rights under the Company’s equity compensation plan, shall be accelerated upon any Change of Control to the extent set forth in the applicable grant agreement(s), whether option agreements or restricted stock purchase agreements, between the Company and Employee, provided, however, at a minimum, fifty percent (50%) of the then unvested equity awards granted to Employee shall immediately become fully vested and exercisable upon such Change of Control. Employee will be entitled to exercise such equity awards in accordance with such grant agreements.

Appears in 9 contracts

Samples: Employment Agreement (Third Wave Technologies Inc /Wi), Employment Agreement (Third Wave Technologies Inc /Wi), Employment Agreement (Third Wave Technologies Inc /Wi)

AutoNDA by SimpleDocs

Acceleration of Vesting of Equity Awards. Vesting of equity awards granted to Employee, whether stock options or stock purchase rights under the Company’s equity compensation plan, or other equity awards, shall be accelerated upon any Change of Control to the extent set forth in the applicable grant agreement(s), whether option agreements or agreements, restricted stock purchase agreementsagreements or otherwise, between the Company and Employee, ; provided, however, at a minimum, fifty percent (50%) of the then unvested equity awards granted to Employee shall immediately become fully vested and exercisable upon such Change of Control. Employee will be entitled to exercise such equity awards in accordance with such grant agreements.

Appears in 1 contract

Samples: Employment Agreement (Third Wave Technologies Inc /Wi)

AutoNDA by SimpleDocs

Acceleration of Vesting of Equity Awards. Vesting of equity awards granted to Employee, whether stock options or stock purchase rights under the Company’s equity compensation plan, shall be accelerated upon any Change of Control to the extent set forth in the applicable grant agreement(s), whether option agreements or restricted stock purchase agreements, between the Company and Employee, ; provided, however, at a minimum, fifty percent (50%) of the then unvested equity awards granted to Employee shall immediately become fully vested and exercisable upon such Change of Control. Employee will be entitled to exercise such equity awards in accordance with such grant agreements.

Appears in 1 contract

Samples: Employment Agreement (Third Wave Technologies Inc /Wi)

Time is Money Join Law Insider Premium to draft better contracts faster.