Common use of Acceleration Upon Death or Disability Clause in Contracts

Acceleration Upon Death or Disability. If Optionee's employment with the Company is terminated as a result of Optionee's death or Disability, this Option shall, upon the effectiveness of the Release executed by Optionee (or her personal representative if applicable), automatically vest and become exercisable for that portion of this Option that would have vested if Optionee had remained in the employment of the Company through and including the first anniversary of the date of such termination of employment.

Appears in 5 contracts

Samples: Stock Option Agreement (Onyx Software Corp/Wa), Stock Option Agreement (Onyx Software Corp/Wa), Stock Option Agreement (Onyx Software Corp/Wa)

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