Option Acceleration. One hundred percent (100%) of the shares subject to all outstanding options granted to the Employee by the Company (the “Options”) prior to the date of such termination shall immediately become vested and exercisable in full upon such termination. Following such acceleration, the Options shall continue to be subject to the terms and conditions of the Company’s stock option plans and the applicable option agreements between the Employee and the Company.
Option Acceleration. If the Employee's employment with the Company terminates as a result of an Involuntary Termination at any time within 12 months after a Change of Control, then one hundred percent (100%) of the shares subject to all options granted to the Employee by the Company and still outstanding (the "Options") shall immediately become vested and exercisable in full upon such Involuntary Termination. Such vested shares shall continue to be subject to the terms and conditions of the Company's stock option plans and the applicable option agreements between the Employee and the Company.
Option Acceleration. Each Option outstanding at the time of Executive’s termination, but not otherwise vested and exercisable for all of the shares subject to that Option, will immediately vest on an accelerated basis so that each such Option shall become exercisable for an additional amount equal to one hundred percent (100%) of the then unvested shares under such Option, and any shares subject to those Options which are not otherwise issued and outstanding at the time of such acceleration shall be issued to Executive in accordance with the terms of the Options.
Option Acceleration. Each of your outstanding Options will (to the extent not then otherwise exercisable for vested shares) automatically accelerate so that each such Option will become immediately exercisable for the total number of shares of Common Stock at the time subject to that Option. Following your Involuntary Termination, each Option and all your then-vested options may be exercised for any or all vested shares in accordance with the exercise provisions of the option agreement evidencing the Option. However, in no event may any outstanding option be exercised after the specified expiration date of the option term.
Option Acceleration. (a) during the Term (as hereinafter ------------------- defined), if within twenty-four (24) months following a Change in Control there is a Termination Event (as hereinafter defined), all of Employee's unvested Options granted prior to, on, or after the date hereof (but only (I) such Options as have been granted to Employee by Teradyne as of the date of the Change in Control or (II) such Options as have been assumed by an acquiring company at the time of a Change in Control or such new options that have been substituted by an acquiring company for Options existing at the time of a Change in Control, each pursuant to the terms of any Teradyne option plan) shall automatically become fully vested as of the date of such Termination Event. The parties hereto acknowledge that the terms of this Agreement are intended to modify the terms of Employee's existing Option agreements and to be a supplement to future Option agreements.
(b) For purposes of this Agreement, the following terms shall have the following meanings:
Option Acceleration. If the Company terminates the Executive's employment, for any or no reason, then any unvested and outstanding stock options granted to the Executive by the Company shall accelerate as to that number of shares which would have become vested and exercisable had the Executive remained employed with the Company until the date that is 12 months after the date of such termination. Such accelerated shares shall continue to be subject to the terms and conditions of the Company's stock option plans and the applicable option agreements between the Executive and the Company. The Executive agrees and acknowledges that the remaining unvested shares of the Company subject to his stock options, excluding the accelerated shares referenced above, shall terminate immediately as of the date of such termination.
Option Acceleration. If Executive's employment with the Company terminates due to a Covered Termination, then all options of Executive to purchase the Company's common stock (or the stock of a successor to the Company by reason of assumption or substitution of options) shall become immediately fully vested and exercisable as of the date of Executive's termination of employment.
Option Acceleration. Each Option outstanding at the time of such Involuntary Termination, to the extent not otherwise vested and exercisable for all the shares subject to that Option, will immediately vest and become exercisable for all those option shares and may be exercised for any or all of those shares as fully vested shares.
Option Acceleration. The provisions of your outstanding Options and the ------------------- applicable Plans shall govern the acceleration of the exercise thereof in the event of a Change in Control, including but not limited to the effect on such acceleration of your death or disability or termination of employment. This Agreement is not intended to amend any of your Options.
Option Acceleration. If, within twelve (12) months after a Change of Control, the Employee’s employment is terminated by the Company without Cause or Constructively Terminated by the Company without Cause, then the vesting and exercisability of each option granted to the Employee by the Company (the “Options”) shall be automatically accelerated in full.
