Common use of Acceleration Upon Death or Disability Clause in Contracts

Acceleration Upon Death or Disability. Upon the occurrence of the death or Disability (as defined below) of the Stockholder, the Purchase Option shall lapse with respect to those Unvested Shares that would have ceased to become Unvested Shares upon the Vesting Date next succeeding the date of death or the first date of Disability.

Appears in 11 contracts

Sources: Restricted Stock Agreement (Neutral Tandem Inc), Restricted Stock Agreement (Neutral Tandem Inc), Restricted Stock Agreement (Neutral Tandem Inc)