Common use of Effect of Change of Control or Corporate Transaction Clause in Contracts

Effect of Change of Control or Corporate Transaction. In the event of a Change of Control or a Corporate Transaction, the Executive’s stock options and other equity awards shall automatically vest in full, and the time to exercise his vested stock options shall be extended, to the extent provided in Section 3.3.

Appears in 2 contracts

Samples: Employment Agreement (Ultratech Inc), Employment Agreement (Ultratech Inc)

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Effect of Change of Control or Corporate Transaction. In the event of a Change of Control or a Corporate Transaction, the Executive’s stock options and other equity awards shall automatically vest in full, and the time to exercise his vested stock options shall be extended, to the extent provided in Section 3.3.

Appears in 2 contracts

Samples: Employment Agreement (Ultratech Inc), Employment Agreement (Ultratech Inc)

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Effect of Change of Control or Corporate Transaction. In the event of a Change of Control or a Corporate Transaction, the Executive’s 's stock options and other equity awards shall automatically vest in full, and the time to exercise his vested stock options shall be extended, to the extent provided in Section 3.33.

Appears in 1 contract

Samples: Employment Agreement (Ultratech Inc)

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