Automatic Acceleration Upon Change in Control Event. Upon a Change in Control Event, any Options that are not then otherwise vested (and have not previously terminated pursuant to this Agreement) shall automatically become vested upon the occurrence of such event. In addition, the Option is subject to termination in connection with a Change in Control Event or certain similar reorganization events as provided in Section 7.4 of the Plan.
Appears in 3 contracts
Samples: Nonqualified Stock Option Agreement (MSC Software Corp), Incentive Stock Option Agreement (MSC Software Corp), Nonqualified Stock Option Agreement (MSC Software Corp)
Automatic Acceleration Upon Change in Control Event. Upon a Change in Control Event, any Options that are not then otherwise vested (and have not previously terminated pursuant to this Agreement) shall automatically become vested upon the occurrence of such event. In addition, the Option is subject to termination in connection with a Change in Control Event or certain similar reorganization events as provided in Section 7.4 of the Plan.
Appears in 1 contract
Automatic Acceleration Upon Change in Control Event. Upon a Change in Control Event, any Options that are not then otherwise vested (and have not previously terminated pursuant to this Agreement) shall automatically become vested upon the occurrence of such event. In addition, the Option is subject to termination in connection with a Change in Control Event or certain similar reorganization events as provided in Section 7.4 of the U.S. Plan.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (MSC Software Corp)
