Common use of Change in Control Accelerated Vesting Clause in Contracts

Change in Control Accelerated Vesting. (a) Change in Control prior to January 1, 2006. In the event of a Change in Control prior to January 1, 2006, (i) if Holder is an Employee, Director or Consultant immediately prior to such Change in Control, the Option shall then vest and become exercisable as to a number of shares of Common Stock equal to fifty percent (50%) of the number of then unvested shares of Common Stock subject to the Option and (ii) if Holder is an Employee, Director or Consultant on the first anniversary of the date of the occurrence of such Change in Control, the Option shall then vest and become exercisable as to an additional number of shares of Common Stock equal to fifty percent (50%) of the number of then unvested shares of Common Stock subject to the Option, and (iii) if Holder is an Employee, Director or Consultant on the second anniversary of the date of the occurrence of such Change in Control, the Option shall then vest and become exercisable as to the remaining unvested shares of Common Stock subject to the Option.