Common use of Change in Control Accelerated Vesting Clause in Contracts

Change in Control Accelerated Vesting. Notwithstanding anything to the contrary in any plan document or award agreement, all unvested stock options, restricted stock and other equity-based awards granted to Executive by the Company shall immediately and fully vest and become exercisable (if applicable) immediately prior to the consummation of a Change in Control.

Appears in 5 contracts

Samples: Employment Agreement (Medicis Pharmaceutical Corp), Employment Agreement (Medicis Pharmaceutical Corp), Employment Agreement (Medicis Pharmaceutical Corp)

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Change in Control Accelerated Vesting. Notwithstanding anything to the contrary in any plan document or award agreement, all unvested stock options, restricted stock and other equity-based awards granted to Executive by the Company shall immediately and fully vest and become exercisable (if applicable) immediately prior to the consummation of a Change in Control.

Appears in 1 contract

Samples: Employment Agreement (Medicis Pharmaceutical Corp)

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