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

Acceleration of Vesting of Equity Awards. The Board may, following approval by the Compensation Committee, determine provisions with respect to the acceleration of the vesting period of any Executive Officer’s or Director’s Equity Awards, including, in connection with a corporate transaction or a “Change of Control” (as determined by the Board) or the waiver of any performance-based vesting criteria.