Consequences of a Change in Control. (a) Upon the closing of a Change in Control (as defined below), all unvested stock options shall immediately vest and the time period that the Executive shall have to exercise all vested stock options and other awards that the Executive may have under the Plan (including the Initial Grant) or any successor equity compensation plan as may be in place from time to time shall be equal to the shorter of: (i) six (6) months days after termination, or (ii) the remaining term of the award(s).
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Samples: Employment Agreement (Synthetic Biologics, Inc.), Employment Agreement (Synthetic Biologics, Inc.), Employment Agreement (Synthetic Biologics, Inc.)
Consequences of a Change in Control. (a) Upon the closing of a Change in Control (as defined below), all unvested stock options and other equity awards shall immediately vest and the time period that the Executive shall have to exercise all vested stock options and other awards that the Executive may have under the Plan (including the Initial Grant) or any successor equity compensation plan as may be in place from time to time shall be equal to the shorter of: (i) six eighteen (618) months days after termination, or (ii) the remaining term of the award(s).
Appears in 2 contracts
Samples: Employment Agreement (Synthetic Biologics, Inc.), Employment Agreement (Synthetic Biologics, Inc.)
Consequences of a Change in Control. (a) Upon the closing of a Change in Control (as defined below), all unvested stock options shall immediately vest and the time period that the Executive shall have to exercise all vested stock options and other awards that the Executive may have under the Plan (including the Initial Grant) or any successor equity compensation plan as may be in place from time to time shall be equal to the shorter of: (i) six (6) months days after termination, or (ii) the remaining term of the award(s).
Appears in 2 contracts
Samples: Employment Agreement (Synthetic Biologics, Inc.), Employment Agreement (Synthetic Biologics, Inc.)
Consequences of a Change in Control. (a) Upon the closing of a Change in Control (as defined below), all unvested stock options shall immediately vest and the time period that the Executive shall have to exercise all vested stock options and other awards that the Executive may have under the Plan (including the Initial Grant) or any successor equity compensation plan as may be in place from time to time shall be equal to the shorter of: (i) six twelve (612) months days after termination, or (ii) the remaining term of the award(s).
Appears in 2 contracts
Samples: Employment Agreement (Asiya Pearls, Inc.), Employment Agreement (Asiya Pearls, Inc.)
Consequences of a Change in Control. (a) Upon the closing of a Change in Control (as defined below), all unvested stock options shall vest immediately vest and the time period that the Executive shall have to exercise all vested stock options and other awards that the Executive may have under the Plan (including the Initial Grant) or any successor equity compensation plan as may be in place from time to time shall be equal to the shorter of: (i) six (6) months days after termination, or (ii) the remaining term of the award(s).
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