Acceleration of Vesting Upon a Change of Control. Upon the occurrence of Qualifying Termination during any Change of Control Period, any outstanding equity awards held by the Executive will become fully vested and exercisable or free from forfeiture or transfer restrictions as of the effective date of the Qualifying Termination (provided that if such Qualifying Termination precedes the Change of Control, such accelerated vesting shall occur on the effective date of the Change of Control).
Appears in 9 contracts
Samples: Employment Agreement (Conformis Inc), Employment Agreement (ConforMIS Inc), Asset Purchase Agreement (ConforMIS Inc)
Acceleration of Vesting Upon a Change of Control. Upon the occurrence of Qualifying Termination during any Change of Control Period, any outstanding equity awards held by the Executive will become become, subject to the Release becoming effective and irrevocable, fully vested and exercisable or free from forfeiture or transfer restrictions as of the effective date of the Qualifying Termination (provided that if such Qualifying Termination precedes the Change of Control, such accelerated vesting shall occur on be effective as of the effective date of the Change of Control).
Appears in 1 contract
Samples: Employment Agreement (Conformis Inc)
Acceleration of Vesting Upon a Change of Control. Upon the occurrence of Qualifying Termination during any Change of Control Period, any outstanding equity awards held by the Executive (including, but not limited to, options, stock, and other forms of equity) will become fully vested and exercisable or free from forfeiture or transfer restrictions as of the effective date of the Qualifying Termination (provided that if such Qualifying Termination precedes the Change of Control, such accelerated vesting shall occur on the effective date of the Change of Control).
Appears in 1 contract
Samples: Employment Agreement (ConforMIS Inc)