Effect on Stock Options. Any options granted under Section 3(h) that are unvested at the time of a Change in Control shall vest immediately and shall remain exercisable for one year following Executive’s separation from the Company on the terms set forth in the applicable option agreement (including the cashless exercise feature).
Effect on Stock Options. In the event of a Change of Control, fifty percent (50%) of all unvested stock options held by Executive shall vest on the Effective Date and the balance of such unvested options shall vest as of the day immediately preceding any termination of Executive's employment by the Company without Good Cause or by Executive for Good Reason provided that any options granted prior to the date hereof that included specific provisions regarding accelerated vesting shall be unchanged. In addition, any vested stock options (including those vested as a result of this paragraph) held by Executive shall be exercisable during the full term of the stock options in the event of a Change of Control.
Effect on Stock Options. Medscape agrees that this Separation Agreement will not affect the terms of any of your stock option agreements with Medscape, which shall continue to be governed by their separate terms.
Effect on Stock Options. Set forth on Exhibit C is a true, correct and complete list of all options held by You to purchase common stock of S1 Corporation (the “Stock Options”). The Stock Options, to the extent not currently vested and exercisable, shall become vested and exercisable in accordance with Section 9(d)(v)(B) of that certain Employment Agreement, dated April 30, 2001, by and between You and the Company (the “Employment Agreement”), and shall otherwise remain subject to the terms and conditions of the applicable option agreements. By way of clarification, in accordance with such Section 9(d)(v)(B) of the Employment Agreement, all Stock Options that would otherwise vest if You continued to be employed by the Company during the twenty-four months following the Separation Date shall become vested and exercisable as of the Separation Date.
Effect on Stock Options. For each assumed Company Option which has not as of the Earnout Determination Date been exercised, Acquirer shall, within ten (10) business days of the Earnout Determination Date, notify the holder of such assumed Company Option of the portion of the Earnout Amount, if any, payable to such holder with respect to each share of Acquirer Common Stock issuable to such holder upon exercise of such assumed Company Option, which amount shall equal the Earnout Consideration Per Share divided by the Common Conversion Number (rounded to the nearest whole cent) and shall only become payable to such holder in cash at such time as each such share of Acquirer Common Stock is issued to such holder upon exercise of such assumed Company Option in accordance with its terms, which amount shall be paid by Acquirer in one lump sum to such holder at the end of the fiscal quarter of Acquirer during which such option exercise occurred (or upon the date of termination of employment of such holder with the Company, if such event occurs earlier). For each holder of an assumed Company Option that was exercised between the Effective Time and the Earnout Determination Date, Acquirer shall pay to such holder, simultaneously with payment of the Earnout Consideration Per Share, if any, to the Company Stockholders, an amount in cash equal to (A) the number of shares of Acquirer Common Stock issued to such holder upon exercise of such assumed Company Option multiplied by (B) the quotient of the Earnout Consideration Per Share, if any, divided by the Common Conversion Number (rounded to the nearest whole cent).
Effect on Stock Options. Each outstanding option to purchase common stock of the Company shall terminate as of the Effective Time of the Merger, provided however that the holder of an option may exercise it and become a shareholder of the Company prior to the Closing. Payment of the exercise price to the Company prior to the Closing shall not be necessary for the optionee to become a shareholder, but in such event, the unpaid exercise price shall be deducted from the portion of the Merger Consideration such shareholder would have received if the exercise price had been paid and shall be reallocated to the shareholders of record immediately prior to the Effective Time in proportion to their shareholdings on that date.
Effect on Stock Options. This Agreement does not constitute or grant continued eligibility of the Consultant to participate in Myriad’s 2009 Employee, Director and Consultant Equity Incentive Plan.
Effect on Stock Options. This Agreement does not constitute continued service as a “Consultant”, as such term is defined in the Myriad 2009 Employee, Director and Consultant Equity Incentive Plan (the “2009 Plan”) in order for the Consultant to be deemed a “Consultant” under the 2009 Plan and to continue to vest in the Consultant’s outstanding stock options that have been granted under the 2009 Plan, and the Consultant hereby agrees that all outstanding stock options held as of the date of the Consultant’s last day of employment terminate based upon such date and not upon termination of this Agreement.
Effect on Stock Options. In the event of the termination of your employment, pursuant to paragraphs 7(c) or 7(f) above, any unvested options from the initial 400,000 share grant set forth in paragraph 4(b) above shall become fully vested and exercisable on the date of such termination.
Effect on Stock Options. (a) VESTED SHARES -- AUGUST OPTION. Pursuant to the terms of the stock option granted to the Consultant on August 31, 1999 (the "AUGUST OPTION"), the Consultant was granted an option to purchase 429,238 shares of the Company's Ordinary Shares (the "AUGUST SHARES") under the Company's 1999 Stock Plan, and the Consultant, pursuant to the Early Exercise Notice and Restricted Shares Purchase Agreement dated September 27, 1999, elected to purchase the total August Shares which have not yet vested under the vesting schedule at the time of the purchase. The Consultant and the Company acknowledge and agree that there were 187,791 shares of the August Shares already vested as of the Separation Date and the vesting of the August Option shall accelerate such that 134,137 unvested shares of the August Shares shall become immediately vested as of the Effective Date. Accordingly, the Consultant shall be entitled to 321,928 shares of the August Shares.
