Common use of Offer of Employment with Successor Clause in Contracts

Offer of Employment with Successor. If upon a Change of Control Xxxxx is offered employment by the Company’s successor with responsibilities substantially similar to that contemplated by this Agreement and Xxxxx does not accept such offer, 33.3% of the stock options granted to Xxxxx that are outstanding immediately prior to but are not vested as of the date of the Change of Control shall become vested as of the date of the Change of Control.

Appears in 2 contracts

Samples: Employment Agreement (Vyyo Inc), Employment Agreement (Vyyo Inc)

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Offer of Employment with Successor. If upon a Change of Control Xxxxx Uxxxxxx is offered employment by the Company’s successor with responsibilities substantially similar to that contemplated by this Agreement and Xxxxx Uxxxxxx does not accept such offer, 33.3% of the stock options granted to Xxxxx Uxxxxxx that are outstanding immediately prior to but are not vested as of the date of the Change of Control shall become vested as of the date of the Change of Control.

Appears in 1 contract

Samples: Employment Agreement (Vyyo Inc)

Offer of Employment with Successor. If upon a Change of Control Xxxxx Xxxxxx is offered employment by the Company’s successor with responsibilities substantially similar to that contemplated by this Agreement and Xxxxx Xxxxxx does not accept such offer, 33.3% of the stock options granted to Xxxxx Xxxxxx that are outstanding immediately prior to but are not vested as of the date of the Change of Control shall become vested as of the date of the Change of Control.

Appears in 1 contract

Samples: Employment Agreement (Vyyo Inc)

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Offer of Employment with Successor. If upon a Change of Control Xxxxx Xxxxxxx is offered employment by the Company’s successor with responsibilities substantially similar to that contemplated by this Agreement and Xxxxx Xxxxxxx does not accept such offer, 33.3% of the stock options granted to Xxxxx Xxxxxxx that are outstanding immediately prior to but are not vested as of the date of the Change of Control shall become vested as of the date of the Change of Control.

Appears in 1 contract

Samples: Employment Agreement (Vyyo Inc)

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