Common use of Acceleration of Vesting Upon Change in Control Clause in Contracts

Acceleration of Vesting Upon Change in Control. Notwithstanding Section 3 hereof, in the event of a Change in Control of the Company while this option is in effect, this option shall, immediately prior to the consummation of such Change in Control, become fully vested and all unexercised options shall be exercisable by the Employee: provided, however, that the Board, in its sole discretion, may require that the Employee’s rights under this section shall be conditioned on approval by the stockholders of the Company in accordance with Section 280G(b)5(B) of the Code and regulations thereunder. For purposes of this Agreement, a “Change in Control” means the occurrence of any of the following events:

Acceleration of Vesting Upon Change in Control. Notwithstanding Section 3 hereof, in the event of a Change in Control of the Company while this option is in effect, this option shall, immediately prior to the consummation of such Change in Control, become fully vested and all unexercised options shall be exercisable by the Employee: Optionee; provided, however, that the Board, in its sole discretion, may require that the EmployeeOptionee’s rights under this section Section 16 shall be conditioned on approval by the stockholders of the Company in accordance with Section 280G(b)5(B) of the Code and regulations thereunder. For purposes of this Agreement, a “Change in Control” means the occurrence of any of the following events:

Acceleration of Vesting Upon Change in Control. Notwithstanding Section 3 hereof, in the event of a Change in Control of the Company while this option is in effect, this option shall, immediately prior to the consummation of such Change in Control, become fully vested and all unexercised options shall be exercisable by the Employee: Optionee; provided, however, that the Board, in its sole discretion, may require that the EmployeeOptionee’s rights under this section shall be conditioned on approval by the stockholders of the Company in accordance with Section 280G(b)5(B) of the Code and regulations thereunder. For purposes of this Agreement, a “Change in Control” means the occurrence of any of the following events: