Acceleration of Vesting of Options. Notwithstanding anything contained herein to the contrary, whether or not the Executive’s employment with the Company or its successor is terminated upon a Change of Control, to the extent permitted under applicable law, upon the occurrence of a Change of Control all outstanding unvested stock options and all previously granted unvested restricted stock awards granted to the Executive by the Company shall accelerate and vest.
Acceleration of Vesting of Options. The Company hereby agrees that on or prior to the date of a Change in Control any and all options awarded to the Executive not previously exercisable and vested shall become fully vested and exercisable. In addition, in the event the Company decides to terminate any Options previously awarded to the Executive pursuant to the applicable provisions of any stock option plan adopted by the Company in connection with a corporate transaction (as that term is described in Section 424(a) of the Code), the Company will give the Executive not less than fourteen days' notice prior to any such termination and such notice shall not be given until any and all Options previously awarded to Executive shall have become fully vested and exercisable.
Acceleration of Vesting of Options. Upon the occurrence of a Change of Control of Company, all stock options granted to Executive shall become fully vested and immediately exercisable at Executive's election, regardless of whether Executive exercises any other rights afforded Executive under this Agreement.
Acceleration of Vesting of Options. If the Executive’s employment hereunder is terminated by the Employer without cause or by the Executive for Good Reason, upon the occurrence of such employment termination all outstanding unvested stock options and all previously granted unvested restricted stock awards granted to the Executive by the Employer shall accelerate and vest.
Acceleration of Vesting of Options. Upon the occurrence of a “Transaction” as defined in paragraph 9.2 of the 2011 Stock Incentive Plan, as the same may be amended and/or restated from time to time (the “Incentive Plan”) other than the Broadcast Merger (as defined below), all stock options granted to Employee in connection with his employment at the Company shall immediately vest, and Employee will have the immediate right and option to exercise such options on the terms and conditions set forth in the option agreement and the Incentive Plan. The accelerated vesting described herein shall occur regardless of any contrary provision or language found in the Incentive Plan or any option agreement. If any option agreements with Employee do not include the accelerated vesting provisions required by this Section 23, the Employee and the Company (or the Parent Company) shall amend such agreements in order to reflect the terms of this Section 23. The “Broadcast Merger” shall mean the proposed merger of AllDigital Holdings Inc., with a subsidiary of Broadcast International, Inc. pursuant to the Agreement and Plan of Merger and Reorganization dated January 6,2013, as amended.
Acceleration of Vesting of Options. Effective as of the Termination Date, the 2009 Agreement and the 2010 Agreement are each hereby amended to provide that the "Vesting Schedule" as set forth on the "Notice of Stock Option Grant" of each Agreement is amended and restated in its entirety as follows: "This option becomes exercisable with respect to 1148th of the Shares subject to this option when you complete each month of continuous "Service" (as defined in the Plan) after the Date of Grant. Notwithstanding anything herein to the contrary, any unvested Shares subject to this option held by you on May 30, 2012 shall be vested and exercisable in full as of May 30, 2012."
Acceleration of Vesting of Options. Upon the occurrence of a “Transaction” as defined in paragraph 9.2 of the 2011 Stock Incentive Plan (“Incentive Plan”) or 2011 Stock Option Agreement (“Option Agreement”), as well as any and all other individual stock option agreements that that may be executed during the term of Employee’s employment with the Company (“Future Option Agreements”), all stock options granted to Employee in connection with his employment at the Company including, without limitation, those granted in connection with the execution of the Option Agreement, shall immediately vest and Employee will have the immediate right and option to purchase those shares of stock on the terms and conditions set forth in the Option Agreement, the Incentive Plan and Future Option Agreements. The acceleration of the vesting of the options described herein shall occur regardless of any contrary provision or language found in the Incentive Plan, Option Agreement and Future Option Agreements.
Acceleration of Vesting of Options. Upon a “Change in Control” (as defined in the Plan), all unvested shares under the Option held by the Executive immediately prior to the Change in Control shall vest; provided, however, that if the successor corporation (or parent thereof) assumes the Option, then fifty percent (50%) of the shares subject to the Option that are unvested immediately prior to the Change in Control shall vest immediately prior to the effective date of such Change in Control and the remaining fifty percent (50%) of the unvested shares shall continue to vest pursuant to the schedule described in Section 3.3.1 above; provided further, however, that if the Executive’s “Service” (as defined in the Plan) is terminated by reason of an “Involuntary Termination” (as defined in the Plan) within three (3) months before or within thirteen (13) months following a Change in Control, then all unvested shares subject to the Option (whether the Option is purported to be assumed by the successor corporation or not) shall immediately vest.
Acceleration of Vesting of Options. In the event of a Change in Control, all outstanding stock options then held by Executive shall become fully vested and non-forfeitable.
Acceleration of Vesting of Options. Global shall have accelerated (a) the vesting of all of the options to purchase shares of Global common stock, par value $.01 per share ("Global Common Stock"), held as of the date hereof by Xxxxxx and Xxxxxxxxxxx, so that such options shall become exercisable as of the Amendment Date; and (b) the vesting of the options granted to the employees set forth on Schedule 9.4 in the aggregate amount of 281,930 shares of Global Common Stock, so that such options shall become exercisable as of the Amendment Date.
