Acceleration of Vesting on Sale of the Company. Immediately prior to a Sale of the Company, all Executive Units which have not yet become Vested Units shall immediately vest and become Vested Units, if, and only if, Executive is, and has been continuously (except for any absence for vacation, leave, etc. in accordance with the Company's or its Subsidiaries' policies) since the date hereof employed or providing services (including service as a Manager, advisor or consultant as contemplated by and described in Rule 701 promulgated under the Act) to the Company or its Subsidiaries as of such date.
Acceleration of Vesting on Sale of the Company. Notwithstanding ------------------------------------------------- any other provision hereof to the contrary, if you have been continuously employed by the Company or one of its subsidiaries from the date of this Agreement until a Sale of the Company, provided that such Sale of the Company is a Qualified Sale of the Company, the portion of your outstanding Option, other than the Home Run Vesting Shares which shall vest only in accordance with paragraph 3(d) hereof, which has not become vested at the date of such event shall immedi-ately vest and become exercisable with respect to 100% of the Option Shares immediately prior and subject to the consummation of such Sale of the Company. Any portion of your Option which has not been exercised prior to or in connection with a Sale of the Company (whether or not a Qualified Sale of the Company) shall be forfeited immediately prior to the consummation of such Sale of the Company, unless otherwise determined by the Committee or the Board.
Acceleration of Vesting on Sale of the Company. Immediately prior to a Sale of the Company or the termination of your Option pursuant to Section 6.2 of the Plan, your Option shall immediately vest and become exercisable with respect to one hundred percent (100%) of the then unvested Option Shares, if, and only so long as, you are employed by the Company and its Subsidiaries as of such date and you exercise your Option in accordance with the procedures set forth in Section 4 below prior to or in connection with such Sale of the Company or termination of your Option. Any portion of your Option not so exercised shall expire and become forfeited immediately prior to the consummation of such Sale of the Company.
Acceleration of Vesting on Sale of the Company. If you have been continuously employed by the Company from the date of this Agreement until a Sale of the Company, the portion of your outstanding Option which has not become vested at the date of such event shall, upon the requisite approval of the Company’s shareholders as provided under Section 280 G of the Code to the extent necessary to avoid any “parachute” payments thereunder, immediately vest and become exercisable with respect to 100% of the Option Shares simultaneously with the consummation of the Sale of the Company. In any event, any portion of your Option which has not been exercised prior to or in connection with the Sale of the Company shall be forfeited, unless otherwise determined by the Committee or the Board.
Acceleration of Vesting on Sale of the Company. If you have been continuously employed by the Company from the date of this Agreement until a Sale of the Company, the portion of your outstanding Option which has not become vested at the date of such event shall immediately vest and become exercisable with respect to 100% of the Option Shares simultaneously with the consummation of the Sale of the Company. In any event, any portion of your Option which has not been exercised prior to or in connection with the Sale of the Company shall expire and be forfeited, unless otherwise determined by the Committee or the Board.
Acceleration of Vesting on Sale of the Company. Notwithstanding ------------------------------------------------- any other provision hereof to the contrary, if you have been continuously employed by the Company or one of its subsidiaries from the date of this Agreement until a Sale of the Company, the portion of your outstanding Option, other than the Home Run Vesting Shares which shall vest only in accordance with paragraph 3(d) hereof, which has not become vested at the date of such event shall immedi-ately vest and become exercisable with respect to 100% of the Option Shares immediately prior and subject to the consummation of such Sale of the Company. Any portion of your Option which has not been exercised prior to or in connection with a Sale of the Company shall be forfeited immediately prior to the consummation of such Sale of the Company, unless otherwise determined by the Committee or the Board.
Acceleration of Vesting on Sale of the Company. Notwithstanding Section 3(a), if you have been continuously employed by the Company from the date of this Agreement until a Sale of the Company, all of your outstanding Options which have not become vested at the date of such event shall immediately vest and become exercisable simultaneously with the consummation of the Sale of the Company. Any portion of your Option which has not been exercised prior to or in connection with the Sale of the Company shall be forfeited, unless otherwise determined by the Administrator.
Acceleration of Vesting on Sale of the Company. If the Optionee has been continuously employed by Datamax from the date of this Stock Option Agreement until a Sale of the Company for an aggregate consideration of greater than $200,000,000 for the Common Stock of the Company and the portion of the Option which has not become vested at the date of such Sale of the Company shall immediately vest and become exercisable with respect to 100% of the Option Shares simultaneously with the consummation of such Sale of the Company. In any event, any portion of the Option which has not been exercised prior to or in connection with any Sale of the Company shall be forfeited and canceled, unless otherwise determined by the Committee (as defined in the Plan) or the Company's Board of Directors (the "Board"). "Sale of the Company" means a merger or consolidation effecting a change in control of the Company, a sale of all or substantially all of the Company's assets or a sale of a majority of the Company's outstanding voting securities except in connection with a public offering under the Securities Act of 1933, as amended.
Acceleration of Vesting on Sale of the Company. If you have been continuously employed by the Company from the date of this Agreement until a Sale of the Company, the portion of your Restricted Shares which has not become vested at the date of such event shall, upon the requisite approval of the Company’s shareholders as provided under Section 280G of the Code to the extent necessary to avoid any “parachute” payments thereunder, immediately vest with respect to 100% of such shares simultaneously with the consummation of the Sale of the Company.
Acceleration of Vesting on Sale of the Company. If the Employee has been continuously employed by the Company from the date of grant of the Option until a Sale of the Company (as defined below), except that any leave of absence for periods and purposes conforming to the personnel policies of the Company or approved by the Committee shall not cause Employee to fail to satisfy such condition, the portion of the Option which is not vested and exercisable immediately prior to the Sale of the Company shall immediately vest and become exercisable with respect to 100% of the Option Shares simultaneously with the consummation of
