Effect on Option. In the event of a Change in Control, unless the Option has earlier terminated, the Option shall vest and become exercisable with respect to fifty percent (50%) of the then unvested Shares on the day prior to the date of the Change in Control and shall vest and become exercisable with respect to the remaining fifty percent (50%) of the then unvested Shares on the one (1) year anniversary of the Change in Control; provided, however, that the Grantee is then providing Services.
Appears in 11 contracts
Samples: Ceo Incentive Stock Option Grant Agreement (Mast Therapeutics, Inc.), Senior Executive Incentive Stock Option Grant Agreement (Mast Therapeutics, Inc.), Senior Executive Incentive Stock Option Grant Agreement (Mast Therapeutics, Inc.)
