Common use of Change in Control during 2006 Clause in Contracts

Change in Control during 2006. In the event of a Change in Control during 2006, (i) if Holder is an Employee, Director or Consultant immediately prior to such Change in Control, then seventy-five percent (75%) of the Unreleased Shares shall be released from the Company's Repurchase 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, then the remaining Unreleased Shares shall be released from the Company's Repurchase Option.