Common use of Equity Clause in Contracts

Equity. Upon the occurrence of a Change in Control, all stock options, restricted stock and other stock-based grants to Employee by the Company or that may be granted in the future shall, irrespective of any provisions of his award agreements, immediately and irrevocably vest and become exercisable and any restrictions thereon shall lapse. All stock options shall remain exercisable from the date of the Change in Control until the expiration of the term of such stock options.

Appears in 13 contracts

Samples: Employment Agreement (Eco Innovation Group, Inc.), Employment Agreement (Eco Innovation Group, Inc.), Employment Agreement (Aytu Bioscience, Inc)

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Equity. Upon the occurrence of a Change in Control, all then-outstanding stock options, restricted stock and other stock-based grants to Employee by the Company or that may be granted in the future shall, irrespective of any provisions of his award agreements, immediately and irrevocably vest and become exercisable and any restrictions thereon shall lapse. All stock options shall remain exercisable from the date of the Change in Control until the expiration of the term of such stock options.​

Appears in 4 contracts

Samples: Employment Agreement (Ampio Pharmaceuticals, Inc.), Employment Agreement (Ampio Pharmaceuticals, Inc.), Employment Agreement (Ampio Pharmaceuticals, Inc.)

Equity. Upon the occurrence of a Change in Control, all stock options, restricted stock and other stock-based grants to Employee by the Company or that may be granted in the future shall, irrespective of any provisions of his award agreements, immediately and irrevocably vest and become exercisable and any restrictions thereon shall lapse. All stock options shall remain exercisable from the date of the Change in Control until the expiration of the term of such stock options.

Appears in 4 contracts

Samples: Employment Agreement (Ampio Pharmaceuticals, Inc.), Employment Agreement (Rosewind CORP), Merger Agreement (Rosewind CORP)

Equity. Upon the occurrence of a Change in Control, all stock options, restricted stock and other stock-based grants to Employee by the Company or that may be granted in the future shall, irrespective of any provisions of his award agreements, immediately and irrevocably vest and become exercisable and any restrictions thereon shall lapse. All stock options shall remain exercisable from the date at a change of the Change in Control until the expiration of the term of such stock optionscontrol.

Appears in 2 contracts

Samples: Employment Agreement (Vyrix Pharmaceuticals, Inc.), Employment Agreement (Vyrix Pharmaceuticals, Inc.)

Equity. Upon the occurrence of a Change in Control, all stock options, restricted stock and other stock-based grants to Employee by the Company or that may be granted in the future shall, irrespective of any provisions of his award agreements, immediately and irrevocably vest and become exercisable and any restrictions thereon shall lapse. All stock options shall remain exercisable exerciseable from the date of the Change in Control until the expiration of the term of such stock options.

Appears in 2 contracts

Samples: Employment Agreement (Chay Enterprises, Inc.), Employment Agreement (Chay Enterprises, Inc.)

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Equity. Upon the occurrence of a Change in Control, all stock optionsoptions (including, restricted stock without limitation, the Jan 2007 Options) and other stock-based grants (other than the New Restricted Stock) to Employee Cxxxxx by the Company or that may be granted in the future shall, irrespective of any provisions of his award agreements, immediately and irrevocably vest and become exercisable and any restrictions thereon shall lapse. All stock options shall remain exercisable from the date of the Change in Control until the expiration of the term of such stock optionsexercisable.

Appears in 1 contract

Samples: Employment Agreement (Lev Pharmaceuticals Inc)

Equity. Upon the occurrence of a Change in Control, all stock options, restricted stock and other stock-based grants to Employee by the Company or that may be granted in the future shall, irrespective of any provisions of his award agreements, immediately and irrevocably vest and become exercisable and any restrictions thereon shall lapse. All stock options shall remain exercisable from the date of the terminate immediately upon a Change in Control until the expiration of the term of such stock options.Control

Appears in 1 contract

Samples: Employment Agreement (Ampio Pharmaceuticals, Inc.)

Equity. Upon the occurrence of a Change in Control, all stock options, restricted stock and other stock-based grants to Employee by the Company or that may be granted in the future shall, irrespective of any provisions of his her award agreements, immediately and irrevocably vest and become exercisable and any restrictions thereon shall lapse. All stock options shall remain exercisable from the date of the Change in Control until the expiration of the term of such stock options.

Appears in 1 contract

Samples: Employment Agreement (Ampio Pharmaceuticals, Inc.)

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