Common use of Acceleration of Vesting of the Option Clause in Contracts

Acceleration of Vesting of the Option. The Option shall become fully vested and exercisable in the event of a Change in Control. Notwithstanding the foregoing, the Committee, in its sole and absolute discretion, may accelerate all or any portion of the vesting of the Option at any time.

Appears in 2 contracts

Samples: Qualified Stock Option Agreement (PharMerica CORP), Qualified Stock Option Agreement (PharMerica CORP)

AutoNDA by SimpleDocs

Acceleration of Vesting of the Option. The Option shall become fully vested and exercisable in the event of a Change in ControlControl or the death or Disability of the Optionee while employed with the Company. Notwithstanding the foregoing, the Committee, in its sole and absolute discretion, may accelerate all or any portion of the vesting of the Option at any time.

Appears in 2 contracts

Samples: Substitution Incentive Stock Option Agreement (PharMerica CORP), Qualified Stock Option Agreement (PharMerica CORP)

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