INVOLUNTARY TERMINATION FOLLOWING CHANGE IN CONTROL. 1. The exercisability of the option shall not accelerate upon the occurrence of a Change in Control, and the option shall, over Optionee's continued period of Service after the Change in Control, continue to become exercisable for the Option Shares in accordance with the provisions of the Option Agreement. However, immediately upon an Involuntary Termination of Optionee's Service within eighteen (18) months following the Change in Control, the exercisability of this option, to the extent the option is at the time outstanding but not otherwise fully exercisable, shall automatically accelerate so that the option shall immediately become fully exercisable for all the Option Shares at the time subject to the option and may be exercised for any or all of those shares as fully vested shares of Common Stock at any time prior to the earlier of (i) the Expiration Date or (ii) the expiration of the one (1)-year period measured from the date of the Involuntary Termination.
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Samples: Stock Option Agreement (Act Networks Inc), Stock Option Agreement (Atlantic Pharmaceuticals Inc), Stock Option Agreement (Onyx Acceptance Corp)
INVOLUNTARY TERMINATION FOLLOWING CHANGE IN CONTROL. 1. The exercisability of the option shall not accelerate upon the occurrence of a Change in Control, and the option shall, over Optionee's continued period of Service after the Change in Control, continue to become exercisable for the Option Shares in accordance with the provisions of the Option Agreement. However, immediately upon an Involuntary Termination of Optionee's Service within eighteen (18) months following the Change in Control, the exercisability of this option, to the extent the option is at the time outstanding but not otherwise fully exercisable, shall automatically accelerate so that the option shall immediately become fully exercisable for all the Option Shares at the time subject to the option and may be exercised for any or all of those shares as fully vested shares of Common Stock at any time prior to the earlier EARLIER of (i) the Expiration Date or (ii) the expiration of the one (1)-year period measured from the date of the Involuntary Termination.
Appears in 2 contracts
Samples: Stock Option Agreement (Faxsav Inc), Stock Option Agreement (New Stat Healthcare Inc)
INVOLUNTARY TERMINATION FOLLOWING CHANGE IN CONTROL. 1. The exercisability of the option Option shall not accelerate upon the occurrence of a Change in Control, and the option Option shall, over Optionee's continued period of Service after the Change in Control, continue to become exercisable for the Option Shares in accordance with the provisions of the Option Agreement. However, immediately upon an Involuntary Termination of Optionee's Service within eighteen twelve (1812) months following the Change in Control, the exercisability of this optionOption, to the extent the option is outstanding at the time outstanding but not otherwise fully exercisable, shall automatically accelerate so that the option Option shall become immediately become fully exercisable for all the Option Shares at the time subject to the option Option and may be exercised for any or all of those shares Option Shares as fully vested shares of Common Stock at any time prior to shares. The Option shall remain so exercisable until the earlier EARLIER of (i) the Expiration Date or (ii) the expiration of the one (1)-year period measured from the date of the Involuntary Termination.
Appears in 2 contracts
Samples: Stock Option Agreement (Coldwater Creek Inc), Stock Option Agreement (Triangle Pharmaceuticals Inc)
INVOLUNTARY TERMINATION FOLLOWING CHANGE IN CONTROL. 1. The exercisability of the option Option shall not accelerate upon the occurrence of a Change in Control, and the option Option shall, over Optionee's ’s continued period of Service after the Change in Control, continue to become exercisable for the Option Shares in accordance with the provisions of the Option Agreement. However, immediately upon an Involuntary Termination of Optionee's ’s Service within eighteen twelve (1812) months following the Change in Control, the exercisability of this optionOption, to the extent the option is outstanding at the time outstanding but not otherwise fully exercisable, shall automatically accelerate so that the option Option shall become immediately become fully exercisable for all the Option Shares at the time subject to the option Option and may be exercised for any or all of those shares Option Shares as fully vested shares of Common Stock at any time prior to shares. The Option shall remain so exercisable until the earlier EARLIER of (i) the Expiration Date or (ii) the expiration of the one (1)-year period measured from the date of the Involuntary Termination.
Appears in 1 contract
Samples: Stock Option Agreement (Tellabs Inc)
INVOLUNTARY TERMINATION FOLLOWING CHANGE IN CONTROL. 1. The exercisability of the option Option shall not accelerate upon the occurrence of a Change in Control, and the option Option shall, over Optionee's continued period of Service after following the Change in Control, continue to become exercisable for the Option Shares in one or more installments in accordance with the provisions of the Option Agreement. However, immediately upon an Involuntary Termination of Optionee's Service within eighteen (18) months following the Change in Control, the exercisability of this optionOption, to the extent the option is outstanding at the time outstanding but not otherwise fully exercisable, shall automatically accelerate so that the option Option shall immediately become fully exercisable for all the Option Shares at the time subject to the option Option and may be exercised for any or all of those shares as fully fully-vested shares of Common Stock at any time prior to Stock. The Option as so accelerated shall remain exercisable for the vested Option Shares until the earlier of (i) the Expiration Date or (ii) the expiration of the one (1)-year period measured from the date of the Involuntary Termination, whereupon the Option shall terminate and cease to be outstanding.
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INVOLUNTARY TERMINATION FOLLOWING CHANGE IN CONTROL. 1. The exercisability of the option Option shall not accelerate upon the occurrence of a Change in Control, and the option Option shall, over Optionee's continued period of Service after the following such Change in Control, continue to become exercisable for the Option Shares in one or more installments in accordance with the provisions of the Option Agreement. However, immediately upon an Involuntary Termination of Optionee's Service within eighteen twelve (1812) months following the Change in Control, the exercisability of this optionOption, to the extent the option is outstanding at the time outstanding but not otherwise fully exercisable, shall automatically accelerate so that the option Option shall become immediately become fully exercisable for all the Option Shares at the time subject to the option Option and may be exercised for any or all of those shares Option Shares as fully vested shares of Common Stock at any time prior to shares. The Option shall remain so exercisable until the earlier of (i) the Expiration Date or (ii) the expiration of the one (1)-year 1)- year period measured from the date of the Involuntary Termination.
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INVOLUNTARY TERMINATION FOLLOWING CHANGE IN CONTROL. 1. The exercisability of the option shall not accelerate upon the occurrence of a Change in Control, and the option shall, over Optionee's continued period of Service after the Change in Control, continue to become exercisable for the Option Shares in accordance with the provisions of the Option Agreement. However, immediately upon an Involuntary Termination of Optionee's Service within eighteen twelve (1812) months following the Change in Control, the exercisability of this option, to the extent the option is at the time outstanding but not otherwise fully exercisable, shall automatically accelerate so that the option shall immediately become fully exercisable for all the Option Shares at the time subject to the option and may be exercised for any or all of those shares as fully vested shares of Common Stock at any time prior to the earlier of (i) the Expiration Date or (ii) the expiration of the one (1)-year period measured from the date of the Involuntary Termination.
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Samples: Legacy Software Inc
INVOLUNTARY TERMINATION FOLLOWING CHANGE IN CONTROL. 1. The exercisability of the option Option shall not accelerate upon the occurrence of a Change in Control, and the option Option shall, over Optionee's continued period of Service after the Change in Control, continue to become exercisable for the Option Shares in accordance with the provisions of the Option Agreement. However, immediately upon an Involuntary Termination of Optionee's Service within eighteen (18) months following the Change in Control, the exercisability of this optionOption, to the extent the option is outstanding at the time outstanding but not otherwise fully exercisable, shall automatically accelerate so that the option Option shall become immediately become fully exercisable for all the Option Shares at the time subject to the option Option and may be exercised for any or all of those shares Option Shares as fully vested shares of Common Stock at any time prior to shares. The Option shall remain so exercisable until the earlier of (i) the Expiration Date or (ii) the expiration of the one ------- (1)-year period measured from the date of the Involuntary Termination.
Appears in 1 contract
Samples: Stock Option Agreement (Genesys Telecommunications Laboratories Inc)
INVOLUNTARY TERMINATION FOLLOWING CHANGE IN CONTROL. 1. The exercisability of the option Option shall not accelerate upon the occurrence of a Change in Control, and the option Option shall, over Optionee's continued period of Service after the following such Change in Control, continue to become exercisable for the Option Shares in one or more installments in accordance with the provisions of the Option Agreement. However, immediately upon an Involuntary Termination of Optionee's Service within eighteen twelve (1812) months following the Change in Control, the exercisability of this optionOption, to the extent the option is outstanding at the time outstanding but not otherwise fully exercisable, shall automatically accelerate so that the option Option shall become immediately become fully exercisable for all the Option Shares at the time subject to the option Option and may be exercised for any or all of those shares Option Shares as fully vested shares of Common Stock at any time prior to shares. The Option shall remain so exercisable until the earlier to occur of (i) the Expiration Date or (ii) the expiration of the one (1)-year period measured from the date of the Involuntary Termination.
Appears in 1 contract
Samples: Stock Option Agreement (Odwalla Inc)
INVOLUNTARY TERMINATION FOLLOWING CHANGE IN CONTROL. 1. The exercisability of the option Option shall not accelerate upon the occurrence of a Change in Control, and the option Option shall, over Optionee's continued period of Service after the following such Change in Control, continue to become exercisable for the Option Shares in one or more installments in accordance with the provisions of the Option Agreement. However, immediately upon an Involuntary Termination of Optionee's Service within eighteen twelve (1812) months following the Change in Control, the exercisability of this optionOption, to the extent the option is outstanding at the time outstanding but not otherwise fully exercisable, shall automatically accelerate so that the option Option shall become immediately become fully exercisable for all the Option Shares at the time subject to the option Option and may be exercised for any or all of those shares Option Shares as fully vested shares of Common Stock at any time prior to shares. The Option shall remain so exercisable until the earlier of (i) the Expiration Date or (ii) the expiration of the one (1)-year period measured from the date of the Involuntary Termination.
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INVOLUNTARY TERMINATION FOLLOWING CHANGE IN CONTROL. 1. The exercisability of the option Option shall not accelerate upon the occurrence of a Change in Control, and the option Option shall, over Optionee's continued period of Service after the Change in Control, continue to become exercisable for the Option Shares in accordance with the provisions of the Option Agreement. However, immediately upon an Involuntary Termination of Optionee's Service within eighteen (18) months following the Change in Control, the exercisability of this optionOption, to the extent the option is outstanding at the time outstanding but not otherwise fully exercisable, shall automatically accelerate so that the option Option shall become immediately become fully exercisable for all the Option Shares at the time subject to the option Option and may be exercised for any or all of those shares Option Shares as fully vested shares of Common Stock at any time prior to shares. The Option shall remain so exercisable until the earlier EARLIER of (i) the Expiration Date or (ii) the expiration of the one (1)-year period measured from the date of the Involuntary Termination.
Appears in 1 contract
Samples: Stock Option Agreement (Advanced Fibre Communications Inc)
INVOLUNTARY TERMINATION FOLLOWING CHANGE IN CONTROL. 1. The exercisability of the option Option shall not accelerate upon the occurrence of a Change in Control, and the option Option shall, over Optionee's continued period of Service after the following such Change in Control, continue to become exercisable for the Option Shares in one or more installments in accordance with the provisions of the Option Agreement. However, immediately upon an Involuntary Termination of Optionee's Service within eighteen (18) months following the Change in Control, the exercisability of this optionOption, to the extent the option is outstanding at the time outstanding but not otherwise fully exercisable, shall automatically accelerate so that the option Option shall become immediately become fully exercisable for all the Option Shares at the time subject to the option Option and may be exercised for any or all of those shares Option Shares as fully vested shares of Common Stock at any time prior to shares. The Option shall remain so exercisable until the earlier of (i) the Expiration Date or (ii) the ------- expiration of the one (1)-year period measured from the date of the Involuntary Termination.
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INVOLUNTARY TERMINATION FOLLOWING CHANGE IN CONTROL. 1. The exercisability of the option shall not accelerate upon the occurrence of a Change in Control, and the option shall, over Optionee's continued period of Service after the Change in Control, continue to become exercisable for the Option Shares in accordance with the provisions of the Option Agreement. However, immediately upon an Involuntary Termination of Optionee's Service within eighteen (18) months following the Change in Control, the exercisability of this option, to the extent the option is at the time outstanding but not otherwise fully exercisable, shall automatically accelerate so that the option shall immediately become fully exercisable for all the Option Shares at the time subject to the option and may be exercised for any or all of those shares as fully vested shares of Common Stock at any time prior to the earlier of (i) the Expiration Date or (ii) the expiration of the one (1)-year period measured from the effective date of the Involuntary Termination.
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INVOLUNTARY TERMINATION FOLLOWING CHANGE IN CONTROL. 1. The exercisability of the option Option shall not accelerate upon the occurrence of a Change in Control, and the option Option shall, over Optionee's continued period of Service after the following such Change in Control, continue to become exercisable for the Option Shares in one or more installments in accordance with the provisions of the Option Agreement. However, immediately upon an Involuntary Termination of Optionee's Service within eighteen (18) months following the Change in Control, the exercisability of this optionOption, to the extent the option is outstanding at the time outstanding but not otherwise fully exercisable, shall automatically accelerate so that the option Option shall become immediately become fully exercisable for all the Option Shares at the time subject to the option Option and may be exercised for any or all of those shares Option Shares as fully vested shares of Common Stock at any time prior to shares. The Option shall remain so exercisable until the earlier to occur of (i) the Expiration Date or (ii) the expiration of the one (1)-year period measured from the date of the Involuntary Termination.
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