Common use of Change of Control Compensation Clause in Contracts

Change of Control Compensation. In the event of a completion of a tender or exchange offer for more than fifty percent (50%) of the voting securities of the Company by any company or entity or affiliated group of companies or entities not affiliated with the Executive, the stock options, described in paragraph 5(e), shall immediately be exercisable and any unvested shall immediately vest.

Change of Control Compensation. In the event of a completion of a tender or exchange offer for more than fifty percent (50%) of the voting securities of the Company by any company or entity or affiliated group of companies or entities not affiliated with the Executive, the stock options, described in paragraph 5(e)) and all other stock options previously or subsequently received, shall immediately be exercisable and any unvested shall immediately vest.

Change of Control Compensation. In the event of a completion of a tender or exchange offer for more than fifty percent (50%) of the voting securities of the Company by any company or entity or affiliated group of companies or entities not affiliated with the Executive, the all stock options, described in paragraph 5(e), options previously or subsequently received shall immediately be exercisable and any unvested shall immediately vest.