Common use of Acceleration Upon Certain Terminations or Cancellations of Option Clause in Contracts

Acceleration Upon Certain Terminations or Cancellations of Option. This Option shall become immediately fully exercisable in the event that, prior to the termination of the Option pursuant to Section 6 hereof, (i) the Option is terminated pursuant to Section 6(b)(i) hereof, or (ii) the Company exercises its discretion to provide a cancellation notice with respect to the Option pursuant to Section 6(b)(ii) hereof.

Appears in 45 contracts

Samples: Consultant Agreement (Enigma-Bulwark, LTD), Stock Option Agreement (Sparta Commercial Services, Inc.), Stock Option Agreement (Sparta Commercial Services, Inc.)

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Acceleration Upon Certain Terminations or Cancellations of Option. This Option shall become immediately fully exercisable in the event that, prior to the termination of the Option pursuant to Section 6 hereof, in the event that, (i) the Option is will be terminated pursuant to Section 6(b)(i) hereof, or (ii) the Company exercises its discretion to provide a cancellation notice with respect to the Option pursuant to Section 6(b)(ii) hereof.

Appears in 8 contracts

Samples: Stock Option Agreement (Asensus Surgical, Inc.), Non Qualified Stock Option Agreement (Asensus Surgical, Inc.), Non Qualified Stock Option Agreement (Asensus Surgical, Inc.)

Acceleration Upon Certain Terminations or Cancellations of Option. This Option shall become immediately fully exercisable in the event that, prior to the termination of the Option pursuant to Section 6 hereof, (i) the Option is terminated pursuant to Section 6(b)(i) hereof, or (ii) the Company exercises its discretion to provide a cancellation notice with respect to the Option pursuant to Section 6(b)(ii) hereof.]

Appears in 5 contracts

Samples: Non Qualified Stock Option Agreement (Paysign, Inc.), Incentive Stock Option Agreement (3pea International, Inc.), Non Qualified Stock Option Agreement (3pea International, Inc.)

Acceleration Upon Certain Terminations or Cancellations of Option. This So long as this Option has not terminated pursuant to Section 6(a) hereof, this Option shall become immediately fully exercisable in the event that, immediately prior to the termination occurrence of the Option pursuant to Section 6 hereof, any event that would result in (i) the Option is being terminated pursuant to Section 6(b)(i) hereof, or (ii) the Company exercises exercising its discretion to provide a cancellation notice with respect to the Option pursuant to Section 6(b)(ii) hereof.

Appears in 4 contracts

Samples: Employment Agreement (Galectin Therapeutics Inc), Employment Agreement (Galectin Therapeutics Inc), Independent Consulting Agreement (Galectin Therapeutics Inc)

Acceleration Upon Certain Terminations or Cancellations of Option. This Option [shall] [shall not] become immediately fully exercisable in the event that, prior to the termination of the Option pursuant to Section 6 hereof, (i) the Option is terminated pursuant to Section 6(b)(i) hereof, or (ii) the Company exercises its discretion to provide a cancellation notice Cancellation Notice with respect to the Option pursuant to Section 6(b)(ii) hereof.]

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Nuvola, Inc.), Incentive Stock Option Agreement (Nuvola, Inc.)

Acceleration Upon Certain Terminations or Cancellations of Option. This Option shall become immediately fully exercisable in the event that, that prior to the termination of the Option pursuant to Section 6 hereof, (i) either the Option is terminated pursuant to Section 6(b)(i) hereof, or (ii) the Company exercises its discretion to provide a cancellation notice with respect to the Option pursuant to Section 6(b)(ii) hereof.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (AgroFresh Solutions, Inc.), Nonqualified Stock Option Agreement (AgroFresh Solutions, Inc.)

Acceleration Upon Certain Terminations or Cancellations of Option. This Option shall become immediately fully exercisable in the event that, prior to the termination of the Option pursuant to Section 6 hereof, (i) the Option is terminated pursuant to Section 6(b)(i) hereof, or (ii) the Company exercises its discretion to provide a cancellation notice with respect to the Option pursuant to Section 6(b)(ii) hereof.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (3pea International, Inc.)

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Acceleration Upon Certain Terminations or Cancellations of Option. This Option shall become immediately fully exercisable in the event that, prior to the termination of the Option pursuant to Section 6 6(a) hereof, (i) the Option is terminated pursuant to Section 6(b)(i) hereof, or (ii) the Company exercises its discretion to provide a cancellation notice with respect to the Option pursuant to Section 6(b)(ii) hereof.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Galectin Therapeutics Inc)

Acceleration Upon Certain Terminations or Cancellations of Option. This Option shall become immediately fully vested and fully exercisable in the event that, prior to the termination of the Option pursuant to Section 6 hereof, (i) the Option is terminated pursuant to Section 6(b)(i) hereofhereof (without assumption or substitution of an equivalent option or right pursuant to Section 8(c) of the Plan), or (ii) the Company exercises its discretion to provide a cancellation notice with respect to the Option pursuant to Section 6(b)(ii) hereof.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Hanmi Financial Corp)

Acceleration Upon Certain Terminations or Cancellations of Option. This Option shall become immediately fully exercisable in to the event that, extent earned prior to the termination of the Option pursuant to Section 6 hereof, in the event that, (i) the Option is will be terminated pursuant to Section 6(b)(i) hereof, or (ii) the Company exercises its discretion to provide a cancellation notice with respect to the Option pursuant to Section 6(b)(ii) hereof.

Appears in 1 contract

Samples: Stock Option Agreement (Transenterix Inc.)

Acceleration Upon Certain Terminations or Cancellations of Option. This Option shall become immediately fully exercisable in the event thatthat either (i) the Optionee’s Continuous Service is terminated either by the Company and its Related Entities without Cause or by the Optionee for Good Reason, or (ii) prior to the termination of the Option pursuant to Section 6 5 hereof, (i) either the Option is terminated pursuant to Section 6(b)(i5(b)(i) hereof, or (ii) the Company exercises its discretion to provide a cancellation notice with respect to the Option pursuant to Section 6(b)(ii5(b)(ii) hereof.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (ARKO Corp.)

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