Common use of Equity Award Acceleration Clause in Contracts

Equity Award Acceleration. (a) Employee’s stock options, if any, which are outstanding as of the date of the Termination Event (the “Stock Options”) shall become fully (100%) vested upon the occurrence of the Termination Event. The maximum period of time during which the Stock Options shall remain exercisable, and all other terms and conditions of the Stock Options, shall be as specified in the relevant Stock Option agreements and relevant stock plans under which the Stock Options were granted. (b) Employee’s restricted stock awards, if any, that are outstanding as of the date of the Termination Event (“Restricted Stock”) shall become fully vested and free from any contractual rights of the Company to repurchase or otherwise reacquire the Restricted Stock as a result of Employee’s termination of employment. Certificates representing all shares of Restricted Stock which have not yet been delivered to Employee or his designee (whether because the shares are uncertificated or subject to joint escrow instructions or otherwise) shall be promptly delivered to Employee or his or her designee upon the occurrence of a Termination Event.