Common use of Change of Control Vesting Acceleration Clause in Contracts

Change of Control Vesting Acceleration. Provided that Executive is employed by the Company as of the date a Change of Control is consummated, then on such date, the final twelve (12) months of vesting on all Equity Consideration shall accelerate (i.e., such acceleration will affect the shares scheduled to vest in the last twelve months of the vesting schedule). Thereafter, Executive will continue to fulfill his duty of loyalty to the Company, or its successor, by using his best efforts to perform his job duties satisfactorily.

Appears in 2 contracts

Samples: Employment Agreement (Reliant Technologies Inc), Employment Agreement (Reliant Technologies Inc)

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Change of Control Vesting Acceleration. Provided that Executive is employed by the Company as of the date a Change of Control is consummated, then on such date, the final twelve (12) months of vesting on all Equity Consideration shall accelerate (i.e., such acceleration will affect the shares scheduled to vest in the last twelve months of the vesting schedule)accelerate. Thereafter, Executive will continue to fulfill his duty of loyalty to the Company, or its successor, by using his best efforts to perform his job duties satisfactorily.

Appears in 2 contracts

Samples: Employment Agreement (Reliant Technologies Inc), Employment Agreement (Reliant Technologies Inc)

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Change of Control Vesting Acceleration. Provided that Executive is employed by the Company as of the date a Change of Control is consummated, then on such date, the final twelve (12) months of vesting on all Equity Consideration shall accelerate (i.e., such acceleration will affect the shares scheduled to vest in the last twelve months of the vesting schedule). Thereafter, Executive will continue to fulfill his her duty of loyalty to the Company, or its successor, by using his her best efforts to perform his her job duties satisfactorily.

Appears in 1 contract

Samples: Employment Agreement (Reliant Technologies Inc)

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