Common use of Acceleration of Vesting of Options Clause in Contracts

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.

Appears in 5 contracts

Samples: Change of Control Agreement (Primal Solutions Inc), Change of Control Agreement (Primal Solutions Inc), Change of Control Agreement (Primal Solutions Inc)

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Acceleration of Vesting of Options. Notwithstanding anything contained ---------------------------------- herein to the contrary, whether or not the Executive’s 's employment with the Company or its successor is terminated upon a the 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.

Appears in 2 contracts

Samples: Change of Control Agreement (Primal Solutions Inc), Change of Control Agreement (Primal Solutions Inc)

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