Common use of Equity Award Acceleration Clause in Contracts

Equity Award Acceleration. (i) Not in connection with a Change in Control. In the event that the Executive’s employment is terminated without Cause or for Good Reason before the first anniversary of the effective date of this Agreement, and such termination is not effected within the ninety (90) days immediately preceding or the twelve (12) months immediately following a Change in Control, the vesting of the Stock Award shall be accelerated such that twenty thousand (20,000) of the Stock Award shares shall be fully vested and immediately exercisable.

Appears in 2 contracts

Samples: Employment Agreement (Idm Pharma, Inc.), Employment Agreement (Idm Pharma, Inc.)

AutoNDA by SimpleDocs

Equity Award Acceleration. (i) Not in connection with a Change in Control. In the event that the Executive’s employment is terminated without Cause or for Good Reason before the first anniversary of the effective date of this the Prior Agreement, and such termination is not effected within the ninety (90) days immediately preceding or the twelve (12) months immediately following a Change in ControlControl (as defined in Section 4.5.3), the vesting of the Stock Award shall be accelerated such that twenty thousand (20,000) of the Stock Award shares shall be fully vested and immediately exercisable.

Appears in 1 contract

Samples: Employment Agreement (Idm Pharma, Inc.)

Equity Award Acceleration. (i) Not in connection with a Change in Control. In the event that the Executive’s employment is terminated without Cause or for Good Reason before the first anniversary of the effective date of this Agreement, and such termination is not effected within the ninety (90) days immediately preceding or the twelve (12) months immediately following a Change in Control, the vesting of the Stock Award shall be accelerated such that twenty thousand (20,000) of the Stock Award shares shall be fully vested and immediately exercisable.

Appears in 1 contract

Samples: Employment Agreement (Idm Pharma, Inc.)

AutoNDA by SimpleDocs

Equity Award Acceleration. (i) Not in connection with a Change in Control. In the event that the Executive’s employment is terminated without Cause or for Good Reason before the first anniversary of the effective date of this the Prior Agreement, and such termination is not effected within the ninety (90) days immediately preceding or the twelve (12) months immediately following a Change in Control, the vesting of the Stock Award shall be accelerated such that twenty thousand (20,000) of the Stock Award shares shall be fully vested and immediately exercisable.

Appears in 1 contract

Samples: Employment Agreement (Idm Pharma, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!