Common use of Benefits in the Event of a Change in Control Clause in Contracts

Benefits in the Event of a Change in Control. In the event of a Change in Control pursuant to which the acquiring or successor company assumes or continues in effect the Executive’s Options, issues comparable substitute options or stock based awards for the Executive’s Options or provides a cash incentive program that preserves the spread existing under the Executive’s Options, all as provided in the applicable Plan(s), then each of the Executive’s Options (or substitute options or stock based awards) shall vest and become exercisable, immediately upon the consummation of the Change in Control, with respect to fifty percent (50%) of the unvested shares under each such Option. In the event the acquiring or successor company does not assume or continue in effect the Executive’s Options, issue comparable substitute options or stock based awards for the Executive’s Options or provide a cash incentive program that preserves the spread existing under the Executive’s Options pursuant to the terms of the applicable Plan(s), then each of the Executive’s Options shall vest and become exercisable, immediately upon consummation of the Change in Control, with respect to 100% of the unvested shares under each such Option.

Benefits in the Event of a Change in Control. In the event of a Change in Control pursuant to which the acquiring or successor company assumes or continues in effect the Executive’s Options, issues comparable substitute options or stock based awards for the Executive’s Options or provides a cash incentive program that preserves the spread existing under the Executive’s Options, all as provided in the applicable Plan(s), then each of the Executive’s Options (or substitute options or stock based awards) shall vest and become exercisable, immediately upon the consummation of the Change in Control, with respect to fifty percent (50%) of the unvested shares under each such Option. In the event the acquiring or successor company does not assume or continue in effect the Executive’s Options, issue comparable substitute options or stock based awards for the Executive’s Options, issue comparable substitute options or stock based awards for the Executive’s Options or provide a cash incentive program that preserves the spread existing under the Executive’s Options pursuant to the terms of the applicable Plan(s), then each of the Executive’s Options shall vest and become exercisable, immediately upon consummation of the Change in Control, with respect to 100% of the unvested shares under each such Option.

Benefits in the Event of a Change in Control. In the event of a Change in Control pursuant to which the acquiring or successor company assumes or continues in effect the Executive’s Options, issues comparable substitute options or stock based awards for the Executive’s Options or provides a cash incentive program that preserves the spread existing under the Executive’s Options, all as provided in the applicable Plan(s), then each of the Executive’s Options (or substitute options or stock based awards) shall vest and become exercisable, immediately upon the consummation of the Change in Control, with respect to fifty percent (50%) of the unvested shares under each such Option. In the event the acquiring or successor company does not assume or continue in effect the Executive’s Options, issue comparable substitute options or stock based awards for the Executive’s Options or provide a cash incentive program that preserves the spread existing under the Executive’s Options pursuant to the terms of the applicable Plan(s), then each of the Executive’s Options shall vest and become exercisable, immediately upon consummation of the Change in Control, with respect to 100% of the unvested shares under each such Option.

Benefits in the Event of a Change in Control. In the event of a Change in Control pursuant to which the acquiring or successor company assumes or continues in effect the Executive’s 's Options, issues comparable substitute options or stock based awards for the Executive’s 's Options or provides a cash incentive program that preserves the spread existing under the Executive’s 's Options, all as provided in the applicable Plan(s), then each of the Executive’s 's Options (or substitute options or stock based awards) shall vest and become exercisable, immediately upon the consummation of the Change in Control, with respect to fifty percent (50%) of the unvested shares under each such Option. In the event the acquiring or successor company does not assume or continue in effect the Executive’s 's Options, issue comparable substitute options or stock based awards for the Executive’s 's Options or provide a cash incentive program that preserves the spread existing under the Executive’s 's Options pursuant to the terms of the applicable Plan(s), then each of the Executive’s 's Options shall vest and become exercisable, immediately upon consummation of the Change in Control, with respect to 100% of the unvested shares under each such Option.

Benefits in the Event of a Change in Control. In the event of a Change in Control pursuant to which the acquiring or successor company assumes or continues in effect the Executive’s Options, issues comparable substitute options or stock based awards for the Executive’s Options or provides a cash incentive program that preserves the spread existing under the Executive’s Options, all as provided in the applicable Plan(s), then each of the Executive’s Options (or substitute options or stock based awards) shall vest and become exercisable, immediately upon the consummation of the Change in Control, with respect to fifty percent (50%) of 50%)of the unvested shares under each such Option. In the event the acquiring or successor company does not assume or continue in effect the Executive’s Options, issue comparable substitute options or stock based awards for the Executive’s Options or provide a cash incentive program that preserves the spread existing under the Executive’s Options pursuant to the terms of the applicable Plan(s), then each of the Executive’s Options shall vest and become exercisable, immediately upon consummation of the Change in Control, with respect to 100% of the unvested shares under each such Option.